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City of Milaca
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Municipality & ACFR Details
Type
Unknown
State
Minnesota
County
Mille Lacs County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Milaca maintained a positive net position of $2.3M, demonstrating financial stability. Total assets of $2.5M compared to liabilities of $171.4K indicate robust financial health, yielding a coverage ratio of 14.76. The government recorded an operating deficit of $559.2K, as spending of $3.6M outpaced revenues of $3.0M. At -18.4%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.