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City of Owatonna
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Steele County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Owatonna maintained a positive fund balance of $16.0M, demonstrating financial stability. Total assets of $17.8M compared to liabilities of $1.6M indicate robust financial health, yielding a coverage ratio of 10.81. The government achieved an operating surplus of $2.0M, as revenues of $26.5M outpaced spending of $25.0M. At 7.6%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.