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City of Grand Forks
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Dakota
County
Grand Forks County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Grand Forks show a net position of $23.4M, with assets outpacing liabilities. The financial position includes $27.0M in total assets offset by $2.0M in liabilities, reflecting a solid financial foundation at a 13.51 ratio. Fiscal operations produced a positive result, with $51.5M in revenues against $48.7M in expenditures, leaving a surplus of $3.0M. The 5.8% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.