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City of Madison
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Municipality & ACFR Details
Type
City/Town Government
State
Minnesota
County
Lac qui Parle County
FY Period
Dec 2021 - Dec 2022
MuniScore
Score not available
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Log inFinancial Summary
For FY2022, this municipality reported a total fund balance of $1.1M. Total assets were $1.3M against total liabilities of $128K. For the General Fund, total revenues were $2.3M and expenditures were $2.1M. After other financing sources and uses, the net change in fund balance was $177K. The operating margin was 7.6%.