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City of Sauk Rapids
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Benton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Sauk Rapids maintained a positive fund balance of $5.7M, demonstrating financial stability. Total assets of $6.1M compared to liabilities of $355.9K indicate robust financial health, yielding a coverage ratio of 17.15. The government achieved an operating surplus of $467.3K, as revenues of $8.8M outpaced spending of $8.3M. At 5.3%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.