The 2006 Survey parameters included Governmental Agencies that by May 2006 had completed a 2005 Comprehensive Annual Financial Report (CAFR).
The Survey selected the fourteen largest Counties and Cities with population of approximately 50,000 or more which amounted to ninety-eight cities. This totals one hundred twelve California Governmental Agencies.
The Survey presents information about certain financial indicators including:
• Capital Assets
• Long-Term Debt
• Net Assets
• Debt Ratios
• Tax Revenues & Cost of Services
• General Fund
• Retirement Systems Funding
• Risk Management
• Auditors’ Reports
Some highlights from these financial
indicators are:
CAPITAL ASSETS
• 3 Counties and 18 Cities displayed Easement/Right-of-Way.
• Easement/Right-of-Way to Total Capital Assets was less than 2% in 2005.
NET ASSETS
Unrestricted Net Assets <Deficit> on the average was:
Counties 2005: $ 18,704,000
Counties 2004: $<121,491,000>
Cities 2005: $ 117,052,000
Cities 2004: $ 108,067,000 |
In 2005, Net Assets Improved Significantly on Average for Counties and Cities. |
TAX REVENUES
Tax Revenues were on average:
Counties 2005: $ 801,275,000
Counties 2004: $ 741,660,000
Cities 2005: $ 146,319,000
Cities 2004: $ 109,765,000
COST OF SERVICES
Cost of Services, i.e. expenses minus program revenues, on the average:
Counties 2005: $ 717,868,000
Counties 2004: $ 787,346,000
Cities 2005: $ 92,514,000
Cities 2004: $ 120,144,000
In 2005, Cost of Services on Average was Reduced by 9% for Counties and by 23% for Cities! |
GENERAL FUND
Fund Balance to Annual Expenditures for 2005 and 2004.
Counties: 17% and 13%
Cities: 33% and 31%
RETIREMENT SYSTEMS FUNDING
Unfunded Actuarial Accrued Liability (UAAL) on the average for 2005 and 2004.
Counties 2005: $<1,027,959,000
Counties 2004: $ <656,920,000>
Cities 2005: $ <92,743,000>
Cities 2004: $ <71,424,000>
To gain a better understanding of California Governmental Agencies finances and financial reporting is a major objective of this Survey. In addition, the Survey hopes to improve comparison and analysis between Governmental Agencies.
For a complete copy of the 2006 Survey, send email request to: mmatlin@c-lcpa.com
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