City Finance

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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 Eadie Payne LLP. Download any source report below.

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

Total Revenue

$595,678,054

Total Expenditure

$422,094,058

Net Position

$573,145,549

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
Assets
Land held for resale	-	$ 8,724,059	$ 8,724,059
Due from other governments	46,902	8,674,981	8,721,883
Receivables, net	3,599,113	942,904	4,542,017
Other assets	233,534	1,535,597	1,769,131
Internal balances	21,932,314	-21,932,314	-
Due from Successor Agency	-	14,055,319	14,055,319
Restricted investments	8,288,090	3,707,687	11,995,777
Loans receivable, net	-	498,041	498,041
Capital assets (UNAUDITED) - Depreciable, net	29,747,029	67,724,044	97,471,073
Cash and investments	25,489,657	99,411,545	124,901,202
Capital assets (UNAUDITED) - Nondepreciable	5,163,611	22,368,940	27,532,551
Deferred Inflows of Resources
Deferred inflow on pension and OPEB	$ 483,695	$ 9,704,718	$ 10,188,413
Deferred Outflows of Resources
Deferred loss on refunding of bonds	-	$ 141,014	$ 141,014
Deferred outflow on pension and OPEB	1,702,806	34,537,342	36,240,148
Liabilities
Net pension liabilities	6,749,653	135,307,459	142,057,112
Compensated absences (noncurrent)	$ 286,570	$ 3,171,443	$ 3,458,013
Bonds and notes payable (current)	2,100,000	3,884,630	5,984,630
Accounts payable and accrued liabilities	3,004,925	6,917,536	9,922,461
Self-insurance claims (current)	-	4,749,715	4,749,715
Unearned revenue	-	2,790,594	2,790,594
Cash overdraft	-	238,821	238,821
Compensated absences due within one year	89,821	1,166,215	1,256,036
Other liabilities	1,887,035	644,536	2,531,571
Settlement payable	1,200,000	-	1,200,000
Self-insurance claims (noncurrent)	-	13,801,285	13,801,285
Other post-employment benefits payable (OPEB)	10,246,698	139,305,373	149,552,071
Bonds and notes payable (noncurrent)	53,274,388	35,625,986	88,900,374
Net Position
Net investment in capital assets	-	50,582,368	50,582,368
Unrestricted	$ 6,467,793	$ -284,835,280	$ -278,367,487
Net Position - Restricted
Retirement	-	$ 60,697,485	$ 60,697,485
Law enforcement	-	1,407,553	1,407,553
Recreation	-	12,836	12,836
Environment	-	7,120	7,120
Debt service	7,803,950	4,781,007	12,584,957
Housing	-	4,433,961	4,433,961
Safety	-	636,957	636,957
Transit systems	-	18,034,648	18,034,648
Capital projects	2,608,528	-	2,608,528
Employment	-	27,322,193	27,322,193
Total Assets	$ 94,500,250	$ 205,710,803	$ 300,211,053
Total Deferred Inflows of Resources	483,695	9,704,718	10,188,413
Total Deferred Outflows of Resources	1,702,806	34,678,356	36,381,162
Total Liabilities	$ 78,839,090	$ 347,603,593	$ 426,442,683
Total Net Position	$ 16,880,271	$ -116,919,152	$ -100,038,881

Visual Breakdown

Assets$300.2M

Cash and investments (42%)Capital assets (UNAUDITED) - Depreciable, net (32%)Capital assets (UNAUDITED) - Nondepreciable (9%)Due from Successor Agency (5%)Restricted investments (4%)Land held for resale (3%)Due from other governments (3%)Receivables, net (2%)

Liabilities$284.4M

Other post-employment benefits payable (OPEB) (53%)Bonds and notes payable (noncurrent) (31%)Self-insurance claims (noncurrent) (5%)Accounts payable and accrued liabilities (3%)Bonds and notes payable (current) (2%)Self-insurance claims (current) (2%)Compensated absences (noncurrent) (1%)Unearned revenue (1%)

Trend Over Time

RevenueExpenditureFund Balance

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Source Documents

CAFR FY20202020-06-30↓ PDF