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City of Minden
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
Webster Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Minden maintained a positive net position of $407.5K, demonstrating financial stability. Total assets of $2.1M compared to liabilities of $1.7M indicate balanced fiscal standing, yielding a coverage ratio of 1.24. The government recorded an operating deficit of $14.0M, as spending of $21.8M outpaced revenues of $7.8M. At -178.9%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.