Truth in Accounting

Irvine, CA

Click here for the detailed 2021 Financial State of Irvine (Released 2/7/2023)

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

 
Irvine owns more than it owes.
Irvine's Taxpayer Surplus™ is $5,400, 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 $711.4 million of assets available to pay the state's bills totaling $161.2 million.
Irvine has $550.1 million available after bills have been paid, which breaks down to $5,400 per taxpayer.
Irvine's reported net position is inflated by $56.9 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 138 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Financial State of Irvine

2019 Financial State of Irvine

2018 Financial State of Irvine

2017 Financial State of Irvine

2016 Financial State of Irvine

Other Resources

Irvine Comprehensive Annual Financial Reports

Publishing Entity: Administrative Services Department

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