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City of Buffalo
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Wright County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Buffalo maintained a positive net position of $7.8M, demonstrating financial stability. Total assets of $11.1M compared to liabilities of $1.1M indicate robust financial health, yielding a coverage ratio of 9.98. The government achieved an operating surplus of $1.2M, as revenues of $12.8M outpaced spending of $12.4M. At 9.2%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.