Another Cal City ready for bellyup

The city's independent auditor has questioned whether Compton can remain solvent. The general fund has used up its reserves and ended the fiscal year June 30 with a deficit of $23.8 million, about 40% of the budget, according to expenditure and revenue reports provided by the city.

That figure was increased by $11.6 million because of a transfer of funds from the general fund to pay off an accumulated deficit in the city's general liability fund. Last year, the city had a $15-million shortfall. LA Times