Truth in Accounting

Anaheim, CA

TIA Data

2019 Financial State of Anaheim (Released 1/26/2021)

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Anaheim's Taxpayer Burden™ is -$6,200, and it received a "D" from TIA.
Anaheim is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Anaheim only has $1.1 billion of assets available to pay bills totaling $1.8 billion.
Because Anaheim doesn't have enough money to pay its bills, it has a $696.1 million financial hole. To erase this shortfall, each Anaheim taxpayer would have to send $6,200 to the city.
Anaheim's reported net position is inflated by $160.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Anaheim

2017 Financial State of Anaheim

2016 Financial State of Anaheim

Other Resources

Anaheim Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

IN THE NEWS
Report: Most big cities were in bad fiscal shape before the pandemic. Expect it to get worse

FEBRUARY 2, 2021 | PRESS ENTERPRISE (CALIFORNIA) | by Teri Sforza

By Teri Sforza, includes “It’s a bit like hiding credit card bills under the mattress and declaring that everything’s fine: Cities, a watchdog group says, don’t include the true costs of government in the budgets they present to the public. Into this financial house of mirrors strides Truth in Accounting, a nonprofit, nonpartisan organization devoted to translating inscrutable financial documents into a language everyone can understand.”

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