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City of Savage
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Scott County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Savage maintained a positive fund balance of $11.1M, demonstrating financial stability. Total assets of $13.0M compared to liabilities of $1.7M indicate robust financial health, yielding a coverage ratio of 7.54. The government recorded an operating deficit of $280.3K, as spending of $21.5M outpaced revenues of $21.7M. At -1.3%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.