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City Budget
Proposed Budget for 2017-2018

Budget Workshop
A budget workshop was held on May 16, 2017 during City Council’s Study Session to discuss the City’s Budgets for Fiscal Year 2017-18. The following information was presented:

• FY 2017-18 Budget Workbook 
• Proposed Seven-Year Capital Improvement Program (CIP) Budget 
• FY 2017-18 Budget Presentation 

Public Hearing

The public hearing to adopt the City’s budgets is scheduled for June 6, 2017 and the information to be presented will be posted here shortly.

Council Approves Budget for 2016-2017

The Brea City Council approved the budget for fiscal year 2016-17 following staff presentations and public hearings at their June 21, 2016 meeting.

The following proposed budgets were presented:
  • FY 2016-17 General Fund Operating Budget
  • Successor Agency to the Brea Redevelopment Agency Operating and Capital Development Budgets
  • Brea Public Financing Authority Budget
  • Brea Community Benefit Financing Authority
  • Midbury Assessment Authority Budget
  • Seven-Year Capital Improvement Program (CIP) Budget

View adopted operating budgets.

CIP Budget
Various funding sources are used to meet public works needs. These are carefully planned and closely monitored through Brea's 7-Year Comprehensive CIP Budget. (This large workbook document will require a few moments to load.)

Comprehensive Annual Financial Report (CAFR)
Audits are a part of continuing responsible oversight practices for the City of Brea. The Audit Communication Letter as well as a Brea Management Letter provide notes about this process.

The city produces the CAFR on an annual basis. This report contains Brea’s audited financial statements and a statistical section, as well as management’s discussion and analysis of the fiscal year reported. The CAFR contains more information than standard audited financial statements. The report is subject to review by the city’s auditors to insure that it is prepared in accordance with generally accepted accounting principles and that the amounts and disclosures are fairly presented in all material respects. The City Council annually receives and files the CAFR.

The city participates in the annual financial statement award program sponsored by the Government Finance Officers Association. Brea has won many awards for its presentation of the CAFR.

Annual CFD Financial Reports
Brea has seven CFDs. Annually, special taxes are levied and collected to pay for the annual costs associated with these CFDs. There are four bonded CFDs in which the special taxes are used to make payments related to bonds that were issued for the benefit of the CFD. There are three non-bonded (public) services CFDs in which special taxes are used to pay the annual public safety and maintenance costs associated with the CFDs.

Per Government Code Sections 50075.3 (Report on Special Taxes) and 53411 (Report on Bonded Proceeds), view the Annual Financial Reports for Community Facilities District for fiscal year 2015-16.

In a continued effort to provide transparency and access to information, the City of Brea is partnering with OpenGov to display the City’s financial information online. View charts, graphs, and other features to make the budget information even more user friendly. Sortable data is also available on the City’s revenues and expenditures from the five most recent years.

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