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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 un funded pension and retiree health carc' amounts did not change bmause new <br />valuations could not be found - <br />Tot a I Assets <br />1, 1-r),8s()„()(d0 <br />Minus: Capital assets <br />- 1, it 50,707,000 <br />Restricted Assets <br />-S210,213,000 <br />Assets Available to pay Bills <br />$458,939,000 <br />inUs: Total Bills* <br />-$ I ,024,E, 4 ,000 <br />orrev Needed to Ray R i I I s <br />$565,707,{]00 <br />Each Taxpayers Share of this Burden <br />$5,600 <br />*Breakdown of Total <br />Bonds <br />S7.3,947,000 <br />Other Liabilities <br />$303,78(),000 <br />r inu-.;: Debt Related to Capital Assets <br />- 111,794,000 <br />UniUnded Pension Benefits <br />$703,312,005 <br />Unfunded Retiree Health Care Benefits <br />$55,401,000 <br />Total Bills <br />$1,024,646,000 <br />DD7Bottom line: Santa Ana would need $5,600 from each of its <br />laxpayet°s to pa)+ al I of its hills, so 11 has received a "IY 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 pau 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 />11 <br />