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City of Buffalo
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Leon 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 $2.0M, demonstrating financial stability. Total assets of $2.3M compared to liabilities of $262.0K indicate robust financial health, yielding a coverage ratio of 8.83. The government recorded an operating deficit of $254.9K, as spending of $2.0M outpaced revenues of $1.7M. At -14.7%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.