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City of Coon Rapids
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Anoka County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Coon Rapids reported a net position of $21.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $29.5M against liabilities of $2.5M, representing a strong financial position with an assets-to-liabilities ratio of 12.02. Operating results were favorable, with revenues of $42.0M exceeding expenditures of $40.2M by $299.3K. The 0.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.