City Finance

Audited reports · Council spending · Source documents

Historical Finance Recent Council Actions Proposed Budget

All data on this tab comes from audited annual financial reports (CAFRs) published by the City of Compton and independently audited by MGO Certified Public Accountants. Download any source report below.

FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2013 FY2012 FY2010 FY2009 FY2008

Total Revenue

$351,569,902

Total Expenditure

$371,151,048

Net Position

$628,344,030

Financial Statements (11)

This is the city's overall financial snapshot — what it owns minus what it owes. Think of it like a net worth statement. Assets include cash, investments, buildings, and infrastructure. Liabilities include bonds, pension obligations, and money owed to vendors. The difference — net position — tells you whether the city is financially above or below water.

	Business-Type Activities	Governmental Activities	Total
Accounts payable	$ 2,198,523	$ 4,215,107	$ 6,413,630
Accrued interest payable	1,486,488	773,296	2,259,784
Accrued liabilities	1,062,704	3,656,387	4,719,091
Capital assets
Nondepreciable	$ 5,265,177	$ 32,649,240	$ 37,914,417
Depreciable, net	32,878,210	93,648,683	126,526,893
Cash and investments	6,744,257	26,634,779	33,379,036
Deferred bond issuance costs	1,174,347	829,025	2,003,372
Deposits	1,278	1,433	2,711
Internal balances	21,571,441	-21,571,441	-
Inventories	471,403	35,028	506,431
Long-term liabilities
Due within one year	$ 1,958,516	$ 13,312,315	$ 15,270,831
Due within more than one year	67,505,921	106,412,535	173,918,456
Net investment in capital assets	-638,484	99,554,379	98,915,895
Receivables, net	4,563,504	4,359,439	8,922,943
Restricted cash and investments	28,523,056	40,274,633	68,797,689
Total assets	$ 101,192,673	$ 212,979,342	$ 314,172,015
Total liabilities	$ 75,613,038	$ 139,283,421	$ 214,896,459
Total net position	$ 25,579,635	$ 73,695,921	$ 99,275,556
Unrestricted (deficit)	26,218,119	-105,045,022	-78,826,903
Advances from Successor Agency	-	6,537,530	6,537,530
Land held for resale	-	11,377,544	11,377,544
Loans receivable	-	23,918,729	23,918,729
Prepaid expenses	-	822,250	822,250
Restricted for
Federal grants	-	$ 8,774,771	$ 8,774,771
Road improvements	-	7,469,648	7,469,648
Transit systems	-	341,494	341,494
Recycling and clean air	-	350,346	350,346
Low/moderate income housing	-	54,098,703	54,098,703
Police services	-	43,703	43,703
Retirement	-	8,107,899	8,107,899
Unearned revenue	-	4,323,626	4,323,626

Visual Breakdown

Assets$299.5M

Depreciable, net (42%)Restricted cash and investments (23%)Nondepreciable (13%)Cash and investments (11%)Loans receivable (8%)Receivables, net (3%)

Liabilities$202.6M

Due within more than one year (86%)Due within one year (8%)Accounts payable (3%)Accrued liabilities (2%)Accrued interest payable (1%)

Trend Over Time

RevenueExpenditureFund Balance

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Source Documents

CAFR FY20132013-06-30↓ PDF