Fresno, CA

2016 Financial State of Fresno (Released 1/24/2018)

Fresno's Taxpayer Surplus™ is $1,200, and it received a "B" from TIA.
Fresno is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have led to a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement accounts for all assets and liabilities, including pension and retiree healthcare debt.
Fresno has $740.7 million of assets available to pay the state's bills totaling $541.7 million.
Fresno has $199 million available after bills have been paid, which breaks down to $1,200 per taxpayer.
Thanks to an accounting rule implemented in the 2015 fiscal year, Fresno must report its pension debt on its balance sheet. However, the city still excludes $26.1 million of retirement obligations, which consist entirely of retiree healthcare liabilities. A new accounting standard will be implemented in the 2018 fiscal year that will require governments to report these liabilities on the balance sheet as well.
The city's financial report was released 203 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Fresno

Other Resources

Fresno Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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