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Board of Education, City of Buffalo, Ny
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Municipality & ACFR Details
Type
Municipality-Dependent Local Education Agency (LEA)
State
New York
County
Erie County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Board of Education maintained a positive net position of $424.1M, demonstrating financial stability. Total assets of $541.0M compared to liabilities of $116.9M indicate robust financial health, yielding a coverage ratio of 4.63. The government achieved an operating surplus of $48.6M, as revenues of $1.1B outpaced spending of $913.4M. At 4.5%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.