Annual Financial Reports

THE CITY OF LOS ANGELES | FISCAL YEAR ENDED JUNE 30, 2018

POPULAR ANNUAL FINANCIAL REPORT

Popular Annual Financial Report 2018

The City of Los Angeles is the second largest city in America with a population of approximately 4 million, an operating budget of more than $9 billion and more than 47,000 employees throughout dozens of departments, bureaus and offices.

Every year, the Controller publishes the Comprehensive Annual Financial Report (CAFR), which details the City’s operations and financial health over the past fiscal year. The CAFR includes financial information on the City’s revenues and expenditures, assets and liabilities, operational expenses, statistics on the performance of the City’s departments, and many other details on the City’s finances. For the City’s complete and detailed official financial statements, view the full CAFR 

The Popular Annual Financial Report summarizes the findings of the CAFR and presents the data in an easy-to-read format so that everyone can understand the finances of the City. It is an interactive collection of charts and graphs, detailing every function and service the City provides. Our goal is to educate and empower Angelenos about the City’s finances to offer the highest levels of transparency and trust to transform your understanding of Los Angeles. 

To get started, learn more about L.A.’s background with information about the local economy and how it’s organized. Then, we welcome you to explore the rest of the Popular Annual Financial Report through the links below!

general fund icon net position icon city activities icon management's discussion and analysis
General Fund Net Position City Activities Management’s Discussion and Analysis
General Fund revenues and expenditures. A look at the City’s assets and liabilities. Breakdown of city activities by function. Governmental and business-type revenues and expenses, fund activities, and long-term debt.

 


Controller’s Message

LA Controller Ron Galperin

Fellow Angelenos,

As City Controller, I serve as chief auditor, accountant and watchdog over the City’s finances and operations. Each year, my office produces a Comprehensive Annual Financial Report (CAFR), which details the City’s revenues, expenditures, assets and liabilities. Enclosed you will find the fifth Popular Annual Financial Report, which summarizes the CAFR and presents the data in an easy-to-read format so that everyone can understand the finances of the City.

I am pleased to report that the Government Finance Officers Association of the United States and Canada (GFOA) awarded the City its fourth Outstanding Achievement in Popular Annual Finance Reporting award for its Community Financial Report for the Fiscal Year ended June 30, 2018.

We’re continuing to make financial data more interactive by posting it on our open data site, Control Panel LA.

The PAFR is a financial reporting project for our office. Our goals are to educate and empower Angelenos on the finances of the City. We want to hear from you-tweet @LAController or email controller.galperin@lacity.org with your feedback.

Sincerely,

Ron Galperin signature

Ron Galperin
City Controller

 


Awards and Distinction

Seen here is the Outstanding Achievement in Popular Annual Financial Reporting for Fiscal Year 2017. This award is based on an evaluation of the information presented, reader appeal, understandability, distribution, and other elements (such as creativity and usefulness).

It is a testament to our efforts to provide useful information to the citizens of Los Angeles who are interested in obtaining a greater understanding of the City. We believe our current report conforms to the Certificate of Achievement program requirements and we are submitting it to GFOA to determine its eligibility for another certificate.