California Finally Releases Its Latest Annual Financial Report

Commentary While most municipalities in California are wrapping up their annual financial statement audits for the year ending June 30, 2021, the state just issued what’s known as its Annual Comprehensive Financial Report, (formerly known as the Comprehensive Annual Financial Report), for the preceding year ending June 30, 2020. It’s the last state in the nation to issue its report, and by months. It’s hard to find another state that has ever released its financial statements t...