Today, PICA released a Fact Sheet on the FY23 Annual Comprehensive Financial Report (ACFR). The key takeaways are:

  • The City's FY23 ACFR received an unmodified opinion from the City Controller
  • On a budgetary basis, no further adjustments from the Annual Financial Report were made to General Fund revenue, expenditure, or fund balance totals for FY23
  • From FY22 to FY23 the City's General Fund balance grew by 26%

To learn more about what's in the ACFR, click here.