Town Of Moraga

State Auditor Rates Moraga at Low Financial Risk

The California State Auditor’s Office recently unveiled a new study and launched an Online Dashboard revealing the fiscal health of 471 cities in the State. The Town of Moraga ranked 410 of the 471 cities statewide in overall risk, with the higher the number indicating the lower the risk. The study used data from each city’s audited financial statements and ranked each city for fiscal distress based on ten financial indicators, such as a city’s cash position and liquidity, revenue trends, general reserve balance, debt obligations, pension costs and funding. Moraga’s fiscal conservancy has paid off and the Town is in a better financial situation than 87% of cities in California.

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