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City of Brooklyn Park
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Hennepin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Brooklyn Park reported a net position of $35.2M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $39.8M against liabilities of $3.0M, representing a strong financial position with an assets-to-liabilities ratio of 13.27. Operating results were favorable, with revenues of $104.1M exceeding expenditures of $98.4M by $5.8M. The 5.5% operating margin reflects sound fiscal practices. All metrics are calculated using Total Governmental Funds data.