Truth in Accounting

Fresno, CA

TIA Data

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

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

 
Fresno's Taxpayer Surplus™ is $2,300, and it received a "B" from TIA.
Fresno 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.
Fresno has $749 million of assets available to pay the state's bills totaling $358.7 million.
Fresno has $390.3 million available after bills have been paid, which breaks down to $2,300 per taxpayer.
Fresno's reported net position is inflated by $5.6 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 200 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Fresno

2017 Financial State of Fresno

2016 Financial State of Fresno

2015 Financial State of Fresno

Other Resources

Fresno 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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