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

$666,207,108

Total Expenditure

$453,809,772

Net Position

$1,126,874,093

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
Receivables, net	$ 4,849,388	$ 1,149,723	$ 5,999,111
Cash and investments	38,888,041	172,450,213	211,338,254
Capital assets - Nondepreciable	162,097	101,885,143	102,047,240
Capital assets - Depreciable, net	42,100,198	64,350,800	106,450,998
Land held for resale	-	8,030,270	8,030,270
Loans receivable, net	-	314,218	314,218
Restricted investments	8,128,501	43,992,949	52,121,450
Internal balances	17,599,768	-17,599,768	-
Other assets	214,818	796,007	1,010,825
Due from other governments	-	8,314,708	8,314,708
Deferred Inflows of Resources
Deferred inflow on pension and OPEB	$ 5,073,658	$ 73,793,669	$ 78,867,327
Deferred inflow of property taxes	-	11,122,520	11,122,520
Deferred Outflows of Resources
Deferred loss on refunding of bonds	-	$ 130,168	$ 130,168
Deferred outflow on pension and OPEB	4,771,937	53,496,975	58,268,912
Liabilities
Unearned revenue	$ 113,942	$ 12,938,705	$ 13,052,647
Other post-employment benefits payable (OPEB)	18,104,023	142,499,163	160,603,186
Net pension liabilities	6,251,712	99,580,408	105,832,120
Bonds and notes payable	49,084,948	69,834,274	118,919,222
Self-insurance claims	-	16,651,207	16,651,207
Compensated absences	337,847	3,275,861	3,613,708
Accounts payable and accrued liabilities	3,258,783	10,815,873	14,074,656
Other liabilities	2,100,961	782,807	2,883,768
Bonds and notes payable due within one year	2,200,000	2,948,941	5,148,941
Self-insurance claims due within one year	-	3,319,111	3,319,111
Compensated absences due within one year	99,104	1,016,852	1,115,956
Net Position
Restricted - Housing	-	$ 26,667,398	$ 26,667,398
Net investment in capital assets	-	93,452,728	93,452,728
Restricted - Grants	-	31,038,258	31,038,258
Unrestricted	21,445,727	-277,473,145	-256,027,418
Restricted - Retirement	-	76,809,739	76,809,739
Restricted - Capital projects	2,609,080	-	2,609,080
Restricted - Debt service	6,034,963	38,237,037	44,272,000
Total Assets	$ 111,942,811	$ 383,684,263	$ 495,627,074
Total Deferred Inflows of Resources	5,073,658	84,916,189	89,989,847
Total Deferred Outflows of Resources	4,771,937	53,627,143	58,399,080
Total Liabilities	$ 81,551,320	$ 363,663,202	$ 445,214,522
Total Net Position	$ 30,089,770	$ -11,267,985	$ 18,821,785

Visual Breakdown

Assets$495.6M

Cash and investments (43%)Capital assets - Depreciable, net (21%)Capital assets - Nondepreciable (21%)Restricted investments (11%)Due from other governments (2%)Land held for resale (2%)Receivables, net (1%)Other assets (0%)

Liabilities$339.4M

Other post-employment benefits payable (OPEB) (47%)Bonds and notes payable (35%)Self-insurance claims (5%)Accounts payable and accrued liabilities (4%)Unearned revenue (4%)Bonds and notes payable due within one year (2%)Compensated absences (1%)Self-insurance claims due within one year (1%)

Trend Over Time

RevenueExpenditureFund Balance

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Source Documents

CAFR FY20222022-06-30↓ PDF