| From the Reporter |
| This Story |
| San Diego has had a sordid history with completing its annual financial statements, the key to public and investor confidence in the city’s finances. After it finally cleared a long backlog and released one on time, the current one is now seven months late. |
| Why Does It Matter? |
| The delay has cost the city time and money, but the punishment hasn’t been as severe as in the past. |
| What’s Next |
| The city’s outside auditor has received draft financial statements and plans to issue its opinion by the end of August. Next year’s financial statements are on schedule. |