City of Buena Park

Overview

• From FY2017-18 through FY2020-21, revenues grew at a low annual average rate (0-3%), below historic long-term inflation (3%). 
• During that period,  expenditures grew at a moderate annual average rate (3-6%), above revenue growth and slightly above long-term inflation (3%).
• The California Auditor ranked the City’s financial risk as 166 out of 423 (1 is riskiest) in FY2019-20.
• The City’s FY2022-23 budget reports that in the fiscal year 2022-23 preliminary budget reflects a balanced General Fund budget, utilizing $1 million of Federal grant funds from the American Rescue Plan (ARP) and $994,000 from savings from current and projected future vacant positions.