HIGH RISK ISSUES
City of El Cerrito
Risk Designation:
High Risk
ISSUE |
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El Cerrito's Failure to Manage Its Spending Resulted in the Depletion of Its General Fund Reserves |
Continual diminishing of financial reserves through overspending
|
Ineffective budget development and monitoring practices
|
Without a More Coordinated Effort, El Cerrito's Financial Condition Will Continue to Deteriorate |
Lack of a formal financial recovery plan
|
Insufficient reductions in ongoing costs
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Missed opportunities to increase revenue
|
Appendices |
Appendix A—Scope and Methodology |
Appendix B—The State Auditor’s Local High‑Risk Program |
Agency Response |
City of El Cerrito |
California State Auditor's Comments on the Response From the City of El Cerrito |