Each year, the Orange County Auditor-Controller’s Office releases the County Comprehensive Annual Financial Report (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, once again, the Government Finance Officers Association (GFOA) 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 the County’s departments through a representative photograph on the cover of the report. This year’s report highlights the Orange County Clerk-Recorder’s Office. This theme is also carried over into the CAFR’s accompanying Popular Annual Financial Report (PAFR), known also as the Citizens’ Report, available to the public the first week of January 2021.
In addition to the CAFR, the Auditor-Controller’s Satellite Accounting units at John Wayne Airport, OC Community Resources, and OC Waste & Recycling also work tirelessly to produce separate, stand-alone financial statements for these agencies. The statements provide an accurate financial picture of the County’s two Enterprise Funds, John Wayne Airport and OC Waste & Recycling, as well as of the County’s Redevelopment Successor Agency, a Private-Purpose Trust Fund. These statements are also audited by the outside auditing firm, Eide Bailly, LLP. To view the stand-alone financial statements, please click here.
Thank you to Auditor-Controller staff for their ongoing hard work and dedication to County financial services, and congratulations to Financial Reporting and the Satellite Accounting units of John Wayne Airport, OC Community Resources, and OC Waste and Recycling for their achievements.