City of Fountain Valley

Overview

• From FY2017-18 through FY2020-21, revenues grew at a high annual average rate (>5%), above historic long-term inflation (3%). 
• During that period, expenditures grew at a low annual average rate (0-3%), partly due to reduced capital expenditures and the pandemic.
• The California Auditor ranked the City’s financial risk as 260 out of 423 (1 is riskiest) in FY2019-20.
• The City’s FY2022-23 budget reports that property tax has remained stable and sales taxes increased with online sales, but hotel taxes are down.