City of La Puente receives high marks for fiscal soundness.
State Senator John Moorlach (37th District) recently released a new report ranking California’s 482 cities for financial soundness. The report examines the audited finances of the state’s 482 cities. Specifically, it looks at each city’s Comprehensive Annual Financial Report, and the per-capita share for a city’s Unrestricted Net Position. A negative UNP shows a city has fiscal concerns. Cities rated 223 and higher have a negative UNP.
The City of La Puente ranked 131 in the state with a positive Unrestricted Net Position of $16,918. In the San Gabriel Valley only three (3) cities ranked higher: San Dimas (82); Irwindale (3); and Industry (1). @SenatorJohnMoorlach