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City of Olivia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Renville County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Olivia closed FY2024 with a fund balance of $828.3K, indicating a solid financial foundation. With $1.1M in assets and $161.3K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 6.62. Expenditures of $2.8M exceeded revenues of $2.5M, resulting in a $262.4K deficit. A -10.4% margin points to structural budget challenges. All metrics are calculated using General Fund data.