Wednesday, February 6, 2013

Money managers, California Department of Finance, play annual accounting games

Sacramento Bee
State parks employees told investigators last year it was common to hide money in their budget because they were afraid the state Department of Finance would otherwise cut their funding. In 2009, when an internal auditor questioned the hidden nature of a Department of Forestry and Fire Protection account, a department lawyer warned that tipping off Finance officials would result in fire budget cuts elsewhere. The department kept quiet.