Buffalo

Overview


Socioeconomic Data
Population 258,071
Employment 103,518
Unemployment Rate 7.1%  (13 of 116)
Zillow Home Value Index $131,200  (88 of 116)
Government-Wide Revenues and Expenses
General Revenues $444,830,992
Capital Grants and Contributions $32,998,047
Charges For Services $98,418,411
Operating Grants and Contributions $40,788,686
Total Revenues $617,036,136
Total Expenditures $607,735,560
Change in Net Assets $9,300,576
Actuarially Determined Pension Contributions $103,514,695
Pension Contributions Actually Made $103,874,460
Government-Wide Position
Current Assets $674,032,476
Total Assets $1,336,169,369
Current Liabilities $304,039,346
Long Term Debt $986,306,796
Total Net Position $476,467
Unrestricted Net Position ($372,634,178)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  151,224,743 $  78,695,508 $  229,920,251
Surplus/(deficit) 23,667,527 (56,503,440) (32,835,913)
Revenues
Total Revenues $  470,253,979 $  87,242,791 $  557,496,770
Intergovernmental revenues 265,400,326 86,025,487 351,425,813
Property taxes 135,665,382 0 135,665,382
Legal settlement 0 0 35,991,000
Other Revenues 31,108,382 781,095 31,889,477
Licenses and permits 23,556,816 81,028 23,637,844
Miscellaneous taxes 13,775,002 0 13,775,002
Investment income 748,071 355,181 1,103,252
Expenditures
Total Expenditures $  446,586,452 $  143,746,231 $  590,332,683
Miscellaneous 146,921,038 18,383,445 165,304,483
Public safety 151,859,990 4,490,578 156,350,568
Education 70,322,758 0 70,322,758
General government 55,702,563 7,241,148 62,943,711
Capital Outlay 0 54,681,898 54,681,898
Principal 0 41,144,769 41,144,769
Public Ways, Highways and Streets 11,294,770 4,155,106 15,449,876
Interest 845,163 10,878,072 11,723,235
Culture, parks and recreation 7,627,256 1,174,136 8,801,392
Community services 2,012,914 1,597,079 3,609,993

Metrics


General Fund Balance Ratio 33.86%  (25 of 116)
Debt to Revenue Ratio 159.85%  (51 of 116)
Pension ADC to Revenue Ratio 16.78%  (4 of 116)
Annual Change in Home Prices 1.86%  (105 of 116)
Annual Change in Unemployment Rate (0.8%)  (58 of 116)
Fiscal Health Score 71  (51 of 116)
Implied Credit Rating AAA