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City of Red Lake Falls
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Municipality & ACFR Details
Type
Unknown
State
Minnesota
County
Red Lake County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Red Lake Falls reported a fund balance of $2.6M, reflecting a healthy financial position. The balance sheet reflects total assets of $2.8M against liabilities of $118.7K, representing a strong financial position with an assets-to-liabilities ratio of 23.96. Operating results were favorable, with revenues of $3.0M exceeding expenditures of $2.9M by $181.2K. The 6.0% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.