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City of Rochester
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Olmsted County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Rochester maintained a positive fund balance of $57.5M, demonstrating financial stability. Total assets of $68.3M compared to liabilities of $9.6M indicate robust financial health, yielding a coverage ratio of 7.15. The government recorded an operating deficit of $7.0M, as spending of $112.0M outpaced revenues of $105.0M. At -6.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.