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City of Buffalo reports negative April cash balance after April payrolls and disbursements
Summary
Deputy comptroller told the finance committee the City of Buffalo ended April 2025 with a negative cash balance driven by large disbursements and timing differences in payroll and state aid receipts.
The City of Buffalo ended April 2025 with an ending cash balance the deputy comptroller described as “a negative $3,900,000,” the finance committee heard at its June session.
The report, presented by Delano Dowd, deputy comptroller, and described as a cash-only (not budget) statement, said the city began April with about $16.7 million, received nearly $30 million in cash receipts, and spent roughly $50.3 million during the month. Dowd told the committee April 2025’s ending cash balance was about $19.7 million higher than April 2024, largely because April 2024 included three payroll periods while April 2025 included two.
Why it matters: The cash…
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