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City of New Ulm
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Brown County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of New Ulm closed FY2024 with a fund balance of $7.3M, indicating a solid financial foundation. With $8.2M in assets and $835.5K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 9.86. Expenditures of $14.2M exceeded revenues of $14.2M, resulting in a $53.5K deficit. A -0.4% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.