Financial Reports

Financial Reports

Adopted Budget
The Adopted Budget presents to the Board of Directors and the public a clear picture of the services which the OCFA provides, the cost of those services, and the policy decisions underlying the financial decisions. It also provides OCFA’s management with a financial and operating plan that conforms to Generally Accepted Accounting Principles (GAAP). The upcoming budget must be adopted by the Board of Directors at or prior to their last meeting of the fiscal year.

Fiscal Year 2025-26 Adopted Budget
Fiscal Year 2024-25 Adopted Budget
Fiscal Year 2023-24 Adopted Budget
Fiscal Year 2022-23 Adopted Budget
Fiscal Year 2021-22 Adopted Budget
Fiscal Year 2020-2021 Adopted Budget
Fiscal Year 2019-20 Adopted Budget
Fiscal Year 2018-19 Adopted Budget
Fiscal Year 2017-18 Adopted Budget
Fiscal Year 2016-17 Adopted Budget
Fiscal Year 2015-16 Adopted Budget
Fiscal Year 2014-15 Adopted Budget
Fiscal Year 2013-14 Adopted Budget
Fiscal Year 2012-13 Adopted Budget
Annual Comprehensive Financial Report
The Annual Comprehensive Financial Report is the summation of OCFA’s financial activity for the previous fiscal year. OCFA’s fiscal year begins on July 1st and ends on June 30th. In addition to reporting the audited financial statements, the Annual Comprehensive Financial Report also includes a summation of major activities and accomplishments completed during the fiscal year, fiscal policies, and statistical information. The Annual Comprehensive Financial Report is prepared by December 31st of each year.

Fiscal Year 2024-25 Annual Comprehensive Financial Report
Fiscal Year 2023-24 Annual Comprehensive Financial Report
Fiscal Year 2022-23 Annual Comprehensive Financial Report
Fiscal Year 2021-22 Annual Comprehensive Financial Report
Fiscal Year 2020-21 Comprehensive Annual Financial Report
Fiscal Year 2019-20 Comprehensive Annual Financial Report
Fiscal Year 2018-19 Comprehensive Annual Financial Report
Fiscal Year 2017-18 Comprehensive Annual Financial Report
Fiscal Year 2016-17 Comprehensive Annual Financial Report
Fiscal Year 2015-16 Comprehensive Annual Financial Report
Fiscal Year 2014-15 Comprehensive Annual Financial Report
Fiscal Year 2013-14 Comprehensive Annual Financial Report
Fiscal Year 2012-13 Comprehensive Annual Financial Report
Fiscal Year 2011-12 Comprehensive Annual Financial Report
Fiscal Year 2010-11 Comprehensive Annual Financial Report
Fiscal Year 2009-10 Comprehensive Annual Financial Report
Fiscal Year 2008-09 Comprehensive Annual Financial Report
Fiscal Year 2007-08 Comprehensive Annual Financial Report
Fiscal Year 2006-07 Comprehensive Annual Financial Report
Fiscal Year 2005-06 Comprehensive Annual Financial Report
Fiscal Year 2004-05 Comprehensive Annual Financial Report
Liability Studies
The annual Liability Study is a detailed report of all OCFA long term liabilities, including unfunded pension liabilities, retiree medical plans, lease-purchase agreements, workers compensation, and accrued compensated absences. The annual Study includes strategies for mitigating and/or funding the liabilities. Staff is committed to continuously seeking additional ways to mitigate liability impacts, fund the accrued liabilities, and enhancing the long term financial strength of the organization. The annual Liability Study is submitted to the Board of Directors in the fall of each year.

2024 Liability Study
2023 Liability Study
2022 Liability Study
2021 Liability Study
2020 Liability Study
2019 Liability Study
2018 Liability Study
2017 Liability Study
2016 Liability Study
2015 Liability Study
2014 Liability Study
2013 Liability Study
2012 Liability Study
2013 Accelerated Pension Pay Down Plan
Single Audit Report

The Single Audit Act and Office of Management and Budget (OMB) Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations, requires entities that expend $500,000 or more in federal awards within a fiscal year to have an audit performed in accordance with the Single Audit Act.

Fiscal Year 2023-24 Single Audit Report
Fiscal Year 2022-23 Single Audit Report
Fiscal Year 2021-22 Single Audit Report
Fiscal Year 2020-21 Single Audit Report
Fiscal Year 2019-20 Single Audit Report
Fiscal Year 2018-19 Single Audit Report
Fiscal Year 2017-18 Single Audit Report
Fiscal Year 2016-17 Single Audit Report
Fiscal Year 2015-16 Single Audit Report
Fiscal Year 2014-15 Single Audit Report
Fiscal Year 2013-14 Single Audit Report
Fiscal Year 2012-13 Single Audit Report
Fiscal Year 2011-12 Single Audit Report
Fiscal Year 2010-11 Single Audit Report
Fiscal Year 2009-10 Single Audit Report
Fiscal Year 2008-09 Single Audit Report
Fiscal Year 2007-08 Single Audit Report
Fiscal Year 2006-07 Single Audit Report
Fiscal Year 2005-06 Single Audit Report
Tax and Revenue Anticipation Notes (TRANs)

The Authority’s Amended Joint Powers Agreement allows issuance of short-term tax and revenue anticipation notes with a one-year term (or shorter) upon a majority vote of the Board of Directors.

The purpose of TRANs is to provide cash liquidity in anticipation of property tax revenue and cash contract revenues to be received later in the year. The TRANs cover temporary cash flow deficits in the General Fund that result from timing differences between the receipt of revenues and disbursements.

2015 Tax and Revenue Anticipation Notes
2014 Tax and Revenue Anticipation Notes