Truth in Accounting

Chula Vista, CA

TIA Data

2022 Financial State of Chula Vista (Released 2/15/2024)

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Chula Vista owns more than it owes.
Chula Vista's Taxpayer Surplus™ is $1,200, and it received a "B" from TIA.
Chula Vista is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Chula Vista has $474.5 million of assets available to pay the state's bills totaling $361.7 million.
Chula Vista has $112.8 million available after bills have been paid, which breaks down to $1,200 per taxpayer.
Chula Vista's reported net position is understated by $86.3 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 218 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Chula Vista

2020 Financial State of Chula Vista

2019 Financial State of Chula Vista

2018 Financial State of Chula Vista

2017 Financial State of Chula Vista

2016 Financial State of Chuala Vista

Other Resources

Chula Vista Annual Comprehensive Financial Reports

Publishing Entity: Finance Department

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