CAFR 50, Where Are You?
Are you still waiting on your state stimulus check? They should be going out the middle part of November. Have you seen your state’s annual audit for the year ended June 30, 2020? It should be issued by the end...
Tag: CAFR
Why Can’t Government Financial Reporting Match Private Sector Standards?
If you want current financial information on California’s state government, you won’t find it. The most recent consolidated annual financial report for California’s state agencies is for the fiscal year ended 6/30/2018. That’s over two years, or nine quarters ago. To put...
California Only State That Fails To Publish Annual Financial Report Due Last Year
The California State Controller Betty Yee has plenty of time for distance work, by not actually completing the certified annual audit of the state’s finances. Illinois was delayed last year but got its in before California – which is still...
Sacramento City School District At Tipping Point: Insolvency Next Year
California’s State Auditor recently reported that the Sacramento City Unified School District is facing insolvency as early as next year. “Because It Has Failed to Proactively Address Its Financial Challenges, It May Soon Face Insolvency,” the auditor wrote. The primary...
State Economy Rankings: California is a Real Dichotomy
California just ranked in the top 5 in the overall WalletHub 2019 State Economy Rankings, while ranking low in the Economic Health Ranking. WalletHub compared the 50 states and the District of Columbia across three key dimensions: 1) Economic Activity,...