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Alfred-almond Central School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
New York
County
Allegany County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Alfred-almond Central School District maintained a positive net position of $8.5M, demonstrating financial stability. Total assets of $10.1M compared to liabilities of $1.6M indicate robust financial health, yielding a coverage ratio of 6.34. The government recorded an operating deficit of $1.5M, as spending of $20.0M outpaced revenues of $18.3M. At -8.2%, the operating margin requires corrective fiscal action. All metrics are calculated using Total Governmental Funds data.