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City of Buford, Georgia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Gwinnett County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Buford ended FY2024 with a net position of -$4.4M, showing liabilities surpassing assets. With $5.2M in assets and $9.0M in liabilities, the municipality shows financial constraints and an assets-to-liabilities ratio of 0.58. Expenditures of $119.6M exceeded revenues of $47.8M, resulting in a $12.7M deficit. A -26.6% margin points to structural budget challenges. All metrics are calculated using General Fund data.