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City of Babbitt, Minnesota
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Municipality & ACFR Details
Type
Unclassified
State
Minnesota
County
St. Louis County
FY Period
Jan 2023 - Dec 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $3.7M. Total assets were $4.6M against total liabilities of $924K. For the General Fund, total revenues were $3.4M and expenditures were $3.2M. After other financing sources and uses, the net change in fund balance was $349K. The operating margin was 7.0%.