Financial Reports

City Budget Documents

Annual Comprehensive Financial Reports

Review Annual Comprehensive Financial Reports (ACFRs) here for the City of Placentia.

AB 2854 Tax Revenue Sharing Agreement Reporting and Penalty 

Assembly Bill 2854 (AB 2854), regulation 1808 in the Revenue and Taxation Code (RTC) Section 7213, requires each California city and county to report to the California Department of Tax and Fee Administration (CDTFA), all agreements involving the direct or indirect payment, transfer, diversion, or rebate of Bradley-Burns Uniform Local Sales and Use Tax revenue. 

Agreements must be reported to CDTFA annually, on or before April 30, with information from the immediately preceding fiscal year. Additionally, a local agency reporting an agreement to CDTFA must also publish the information on its website.

Tax Sharing Agreements

The City of Placentia does not have any existing tax revenue sharing agreements.

For Fiscal Year 2024-25, the City had a Participation Agreement with Fairway Ford and Audi North Orange County. To view the Participation Agreement, please click here.

Other Financial Documents