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California Auditor: Anaheim Finances Now at High Risk of Distress

California Auditor: Anaheim Finances Now at High Risk of Distress
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Illinois is tardy with fiscal year 2020 financial report

Reply(1) (Flickr) Timely information is crucial during government decision processes like budgeting. However, most states issue their Comprehensive Annual Financial Reports (CAFR) long after their fiscal year s end. Several states have still not issued their 2020 annual financial reports even though their fiscal years ended more than 300 days ago. These states include Arizona, California, Illinois, Iowa, Nevada, New Mexico. These states all share June 30, 2020 fiscal year ends. In 2019, the national average for states publishing their financial reports was 187 days after the fiscal year s end. According to the GFOA, states that publish their financial reports within 180 days of their respective fiscal year ends are considered timely.

Arizona is tardy with fiscal year 2020 financial report

Reply (Pexels) Timely information is crucial during government decision processes like budgeting. However, most states issue their Comprehensive Annual Financial Reports (CAFR) long after their fiscal year s end. Several states have still not issued their 2020 annual financial reports even though their fiscal years ended more than 300 days ago. These states include Arizona, California, Illinois, Iowa, Nevada, New Mexico. These states all share June 30, 2020 fiscal year ends. In 2019, the national average for states publishing their financial reports was 187 days after the fiscal year s end. According to the GFOA, states that publish their financial reports within 180 days of their respective fiscal year ends are considered timely.

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