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City of Buena Vista, Virginia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Buena Vista city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Buena Vista maintained a positive net position of $3.3M, demonstrating financial stability. Total assets of $11.2M compared to liabilities of $4.8M indicate robust financial health, yielding a coverage ratio of 2.35. The government recorded an operating deficit of $985.3K, as spending of $18.0M outpaced revenues of $17.8M. At -5.5%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.