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Board of Education of the City of Fargo
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
North Dakota
County
Cass County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Board of Education of the City of Fargo reported a net position of $39.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $46.3M against liabilities of $3.4M, representing a strong financial position with an assets-to-liabilities ratio of 13.59. Operating results were favorable, with revenues of $213.0M exceeding expenditures of $210.7M by $2.3M. The 1.1% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.