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City of Red Wing
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Goodhue County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Red Wing closed FY2024 with a fund balance of $28.7M, indicating a solid financial foundation. With $32.2M in assets and $928.2K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 34.74. Revenues totaling $27.0M surpassed expenditures of $22.6M, generating a $1.7M surplus. A 6.1% margin indicates sustainable fiscal operations. All metrics are calculated using General Fund data.