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The 2012-13 Budget: California Spending Plan

19 May

An excerpt from California’s Legislative Analyst’s Office. I’m posting it because I thought that it is just kinda funny that this office “discovered” tens of millions of dollars of additional moneys in special fund accounts! Discovered, just like that, was it lost? Did someone make an anonymous contribution? Oh, maybe it was buried treasure like stashed gold from the WTC 2001 9/11 heist? It says it was “related to the Department of Parks and Recreation”! 

 

Following passage of the 2012-13 budget in June, the administration reported
the discovery of tens of millions of dollars of additional moneys in special
fund accounts related to the Department of Parks and Recreation. In
addition, the administration reported that there were differences between
the balances of dozens of other special funds that had been reported previously in Governor’s Budget documents and State Controller’s Office financial
reports. In response to these developments, the Legislature passed AB 1478
(Blumenfield), which provides additional appropriations for state parks
(described later in this report), and AB 1487 (Committee on Budget), which
changes accounting and reporting requirements related to the state’s over
500 special funds. The Governor signed these two measures.

 

TO READ THE ENTIRE REPORT GO TO:http://www.lao.ca.gov/reports/2012/bud/spending_plan/spending-plan-091312.pdf

 

 
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Posted by on May 19, 2013 in Uncategorized

 

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