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County of Allegany, State of New York
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Municipality & ACFR Details
Type
County-General Purpose Government
State
New York
County
Allegany County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, County of Allegany maintained a positive net position of $67.8M, demonstrating financial stability. Total assets of $96.4M compared to liabilities of $28.6M indicate robust financial health, yielding a coverage ratio of 3.37. The government recorded an operating deficit of $2.1M, as spending of $82.4M outpaced revenues of $105.4M. At -2.0%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.