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City of Fargo
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Dakota
County
Cass County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Fargo maintained a positive net position of $31.6M, demonstrating financial stability. Total assets of $41.3M compared to liabilities of $5.5M indicate robust financial health, yielding a coverage ratio of 7.47. The government achieved an operating surplus of $911.5K, as revenues of $108.5M outpaced spending of $116.5M. At 0.8%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.