Budgets & Financial Transparency

The City of South Gate publishes budget and financial documents to keep the public informed about how public funds are planned, spent, invested, and reported. The City's fiscal year (FY) runs from July 1 through June 30. For example, FY 2026-27 covers July 1, 2026 through June 30, 2027. The City Council adopts a new budget each June.

Current Financial Documents

• Adopted FY 2026-27 Budget(PDF, 66MB): The City's spending plan for this fiscal year
• FY 2026-27 Master Fee and Charges Schedule(PDF, 625KB): Fees the City charges for permits and services
• Annual Comprehensive Financial Report, Year Ended June 30, 2025(PDF, 7MB): The City's most recent audited financial statements
• FY 2026-27 Investment Policy (Resolution No. 2026-40-CC)(PDF, 553KB): Rules for how the City invests its cash
• ROPS 2025-26 (PDF, Department of Finance website): Payment schedule for the remaining debts of the former South Gate Redevelopment Agency

About These Documents

Annual Comprehensive Financial Report (ACFR). The ACFR reports the City's financial activity and condition at the close of each fiscal year. An independent certified public accounting firm audits the financial statements and issues an opinion on whether they are fairly presented in accordance with generally accepted accounting principles (GAAP). Each ACFR is usually published about six months after the fiscal year ends. Reports before FY 2020-21 were titled the Comprehensive Annual Financial Report (CAFR).

Investment Policy. The City Council adopts a Statement of Investment Policy each year, consistent with California Government Code Section 53646. The policy puts safety of principal first, then liquidity, then yield, and permits only the investment types allowed under State law.

Recognized Obligation Payment Schedule (ROPS). After California dissolved redevelopment agencies in 2012, the City became the Successor Agency to the former South Gate Redevelopment Agency. Each year, the Successor Agency prepares a ROPS listing the former agency's remaining debts and obligations. The Los Angeles County Consolidated Oversight Board approves it, and the California Department of Finance reviews it. Learn more on the Department of Finance website.

State Transparency Resources

• Government Financial Data by the Numbers: City revenues, expenditures, and debt as reported to the State Controller, with comparisons to other California cities
• Government Compensation in California: Public employee pay and benefits as reported to the State Controller

Financial Documents by Fiscal Year

Select a fiscal year to view its budget and audited financial report.

• Adopted FY 2025-26 Budget(PDF, 32MB)

The audited financial report for this fiscal year will be posted when the audit is complete.

• Adopted FY 2024-25 Budget(PDF, 23MB)
• Annual Comprehensive Financial Report, Year Ended June 30, 2025(PDF, 7MB)

• Adopted FY 2023-24 Budget(PDF, 11MB)
• Annual Comprehensive Financial Report, Year Ended June 30, 2024(PDF, 6MB)

• Adopted FY 2022-23 Budget(PDF, 10MB)
• Annual Comprehensive Financial Report, Year Ended June 30, 2023(PDF, 4MB)

Older Financial Documents

Budgets and audited financial reports for FY 2021-22 and earlier are available in the Financial Documents Archive.