Irvine, CA

TIA Data

2018 Financial State of Irvine (Released 1/24/2020)

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Irvine's Taxpayer Surplus™ is $4,100, and it received a "B" from TIA.
Irvine 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.
Irvine has $626 million of assets available to pay the state's bills totaling $245.5 million.
Irvine has $380.4 million available after bills have been paid, which breaks down to $4,100 per taxpayer.
Irvine's reported net position is inflated by $64.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 128 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of Irvine

2016 Financial State of Irvine

Other Resources

Irvine Comprehensive Annual Financial Reports

Publishing Entity: Fiscal Services Department

Why three California cities are fiscal standouts

JANUARY 31, 2020 | THE BOND BUYER | by Keeley Webster

Three California cities stand out for managing their financial obligations better than others, according to a recent report from Truth in Accounting, a think tank that analyzes government financial reporting.