Truth in Accounting

Santa Ana, CA

TIA Data

2022 Financial State of Santa Ana (Released 2/15/2024)

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Santa Ana owes more than it owns.
Santa Ana's Taxpayer Burden™ is -$3,200, and it received a "C" from TIA.
Santa Ana 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.
Santa Ana only has $551.3 million of assets available to pay bills totaling $889.5 million.
Because Santa Ana doesn't have enough money to pay its bills, it has a -$338.2 million financial hole. To erase this shortfall, each Santa Ana taxpayer would have to send -$3,200 to the city.
Santa Ana's reported net position is inflated by $347 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Santa Ana

2020 Financial State of Santa Ana

2019 Financial State of Santa Ana

2018 Financial State of Santa Ana

2017 Financial State of Santa Ana

2016 Financial State of Santa Ana

Other Resources

Santa Ana Annual Comprehensive Financial Reports

Publishing Entity: Finance and Management Services

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