Every year the Auditor-Controller releases the CAFR for the prior fiscal year ending June 30. The document is prepared in accordance with Sections 25250 and 25253 of the Government Code of the State of California, and must be released no later than December 31. An outside auditing firm, Eide Bailly, LLP, is retained to audit the report. The Auditor-Controller Financial Reporting Unit works tirelessly to ensure the report is not only on time, but is of the highest quality. Last year’s report received the GFOA (Government Finance Officers Association) Certificate of Achievement for Excellence in Financial Reporting. This award is a prestigious national award recognizing excellence in State and local government financial reporting.
Each year, the CAFR highlights one of Orange County’s agencies through a representative photograph on the cover of the report. This year’s report highlights OC Waste & Recycling. The theme will be carried over into the CAFR’s accompanying Citizen Report, also known as the Popular Annual Financial Report (PAFR) which will be available to the public the first week of January 2020.
In addition to the CAFR, the Auditor-Controller’s Office has three Satellite units at John Wayne Airport, OC Community Resources and OC Waste & Recycling with teams also working tirelessly to produce stand-alone financial statements. These statements are also audited by the outside auditing firm Eide Bailly LLP. The statements give an accurate financial picture of those agencies individual finances for the County’s two Enterprise Funds, John Wayne Airport and OC Waste & Recycling, as well as for the County’s Redevelopment Successor Agency, a Private-Purpose Trust Fund. To view the stand-alone Financial Statements, please click here.
Thank you to the Auditor-Controller’s office for their ongoing hard work and dedication to County financial services, and Congratulations to Financial Reporting and the Satellite Accounting units of JWA, OCCR and OC Waste and Recycling for their achievements.
The Orange County Auditor-Controller recently released the 2018-19 Comprehensive Annual Financial Report (CAFR). The CAFR is the audited financial statement for the County’s prior fiscal year. It is designed to fairly present the current financial position as well as any changes in the financial position of the County. To view this year’s CAFR, please click here.