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Seats Ana's Financial Breakdown <br /> Fast Felts <br /> * Santa Ana needed $565.7 rnlilion to pay its bills. <br /> • This means each taxpayer would have to pay $5,600 in future taxes for which they would receive <br /> no related services or txenefits. <br /> • Santa Ana's unfunded pension and retiree health carc' amounts did not change bmause new <br /> valuations could not be found_ <br /> The City's Bills Exceeded Its Assets <br /> Total Assets 1,8 1-r),8s()„li{)0 <br /> Minus: Capital assets - 1, it 50,707,000 <br /> Restricted Assets -S210,213,000 <br /> Assets Available to pay Bills $458,939,000 <br /> inU5: Total Bills* -$I,024,E,4 ,000 <br /> or}ev Needed to Ray R i I I s $565,707,{]00 <br /> Each Taxpayers Share of this Burden $5,600 <br /> *Breakdown of Total Bills <br /> Finds S7:3,947,000 <br /> Other Liabilities $303,78(),000 <br /> r inu-.;: Debt Related to Capital Assets - 111,794,000 <br /> UniUnded Pension Benefits $703,312,005 <br /> Unfunded Retiree Health Care Benefits $55,401,000 <br /> Total Bills $1,024,646,000 <br /> Bottom line: Santa Ana would need $5,600 from each of its <br /> taxpayers to pay al of its hills, so it has received a "D" for its <br /> finances. According to Truth in Accounting's grading scale, <br /> any government with a Taxpayer Borden between $5,000 <br /> and $20,000 receiv(,s a "13" grade. <br /> Truth in Accounting is a 501(c)(3)nonprofit committed to educating and empowering you with understandable, <br /> reliable,and transparent government financial information so you can be a knowledgeable participant in your <br /> government and its hudget process. <br /> 11 <br /> Here are a couple of interesting pages from the same Truth in Accounting report that is related to our city's situation <br /> also: <br /> 9 <br />