Recent data released by the California State Auditor’s Office highlights through a transparent interface dashboard rankings of cities in California by their overall fiscal health.
The tool, launched in 2019, ranks more than 470 California cities based on detailed information about their fiscal health and whether a city is at risk for fiscal distress. Menifee ranked 381 (scoring 90.9 out of 100 – lowest risk) as the “top city” in Southwest Riverside County or lowest financial risk, beating out all its neighbors in relation to its financial reserves, debt burden, cash position/liquidity, revenue trends, and retirement obligations.
The third-party municipal health expert (State Auditor) established the rankings on the dashboard based on an advisory panel made up of experts in municipal fiscal health, including the Public Policy Institute of California, the California Public Employees’ Retirement System (CalPERS), California Policy Center, S&P Global Rating Services, an advisor to the California Society of Municipal Finance Officers and the League of California Cities (Cal Cities), and a professor at the Daniel J. Evans School of Public Policy and Governance at the University of Washington.
This accolade comes just weeks after the City of Menifee received its 10th Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association.
The city also recently released its “MenifeeOPEN” initiative with the city’s municipal cloud-based dashboard for city core accounting functionality, state-of-the-art budgeting, flexible reporting, analytics, and financial management system for residents to view how Menifee is doing and track progress. The public dashboard is anticipated to be launched to the public within the next month.
“It is wonderful to be able to share with the community the continued recognition our city is receiving for the efforts of visibility, openness, and accountability to our financial operations,” City Manager Armando G. Villa said. “Our team is continuously looking for ways to evolve as a growing city, and align for the greatest impacts on citizen engagement, communication, and data-based decision making and transparency, with financial transparency being one of the first major priorities.”
To view the most recent Menifee Comprehensive Annual Financial Report, visit www.cityofmenifee.us/110/financial-reports.
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