Irvine, CA

TIA Data

2017 Financial State of Irvine (Released 1/29/2019)

 
Irvine's Taxpayer Surplus.™ is $4,400, 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 $617.7 million of assets available to pay the state's bills totaling $240.6 million.
Irvine has $377 million available after bills have been paid, which breaks down to $4,400 per taxpayer.
The city is still hiding $3.6 million of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require governments to report this debt on the balance sheet.
The city's financial report was released 129 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State Irvine

Other Resources

Irvine Comprehensive Annual Financial Reports

Publishing Entity: Administrative Services Department

IN THE NEWS
Irvine’s balanced checkbook

MARCH 1, 2019 | IRVINE STANDARD | by Bryan Starr

This is the third consecutive year Irvine has been ranked No. 1 in fiscal strength among America’s most populous cities by Truth in Accounting, a nonprofit organization that analyzes government finances.

2018 Awards

DECEMBER 6, 2018 | CITY OF IRVINE, CALIFORNIA

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