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City of Mankato
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Blue Earth County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Mankato maintained a positive net position of $17.5M, demonstrating financial stability. Total assets of $20.3M compared to liabilities of $2.5M indicate robust financial health, yielding a coverage ratio of 8.05. The government achieved an operating surplus of $1.5M, as revenues of $37.9M outpaced spending of $31.9M. At 4.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.