Posted by on January 25, 2023 3:46 pm
Categories: Breaking News Epoch Times News

Cities in Los Angeles County Increase Debt by $2.9 Billion in One Year

Now that all of the 88 cities in Los Angeles County have completed and posted their Annual Comprehensive Financial Reports (ACFRs) for the years ending June 30, 2017 and 2018, it’s time to look back, do a ranking and dive into some analysis.
The cities are ranked in order of their financial strength for the year 2018 in the graph provided. Cities with a strong balance sheet, with more assets than liabilities, are in the top 35.
The 88 cities are listed on a per capita basis by taking the unrestricted net position (UNP) from the financial reports and dividing it by the city’s population. This provides a simple range and is a temperature check of a city’s financial status to use as a management tool….

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