CAFR Archives

Why Can’t Government Financial Reporting Match Private Sector Standards?

September 23, 2020 6:09 amSeptember 23, 2020 6:22 am

If you want current financial information on California’s state government, you won’t find it. The most recent consolidated annual financial report for California’s state agencies is for the fiscal year ended 6/30/2018. That’s over two years, or nine quarters ago. To put...

California Only State That Fails To Publish Annual Financial Report Due Last Year

August 25, 2020 7:18 amAugust 25, 2020 11:00 am

The California State Controller Betty Yee has plenty of time for distance work, by not actually completing the certified annual audit of the state’s finances. Illinois was delayed last year but got its in before California – which is still...

Sacramento City School District At Tipping Point: Insolvency Next Year

December 10, 2019 12:10 pmDecember 11, 2019 10:11 am

California’s State Auditor recently reported that the Sacramento City Unified School District is facing insolvency as early as next year. “Because It Has Failed to Proactively Address Its Financial Challenges, It May Soon Face Insolvency,” the auditor wrote. The primary...

State Economy Rankings: California is a Real Dichotomy

June 10, 2019 7:32 amJune 10, 2019 7:44 am

California just ranked in the top 5 in the overall WalletHub 2019 State Economy Rankings, while ranking low in the Economic Health Ranking. WalletHub compared the 50 states and the District of Columbia across three key dimensions: 1) Economic Activity,...