Report 2013-107 Recommendation Responses
Report 2013-107: Accounts Outside the State's Centralized Treasury System: Processes Exist to Safeguard Money, but Controls for These Accounts Need Strengthening (Release Date: October 2013)
Recommendation for Legislative Action
For the State to better monitor outside accounts, the Legislature should consider requiring the state controller to expand its reporting on outside accounts to include information on accounts opened during the last fiscal year. Reported details should include the authority, name, and balance of the new outside accounts.
Description of Legislative Action
Assembly Bill 1583 (Chapter 230, Statutes of 2014) requires the state controller to include the following information on bank accounts and savings and loan association accounts outside the treasury system in the budgetary-legal basis annual report, submitted pursuant to existing statute: 1) the name of the account, 2) the source of authorization for establishing the account, and 3) the account balance. This statute also requires a state agency that receives revenues for state costs under a cost recovery statute to account for those revenues to the state controller for deposit into the State Treasury.
- Legislative Action Current As-of: October 2018
California State Auditor's Assessment of Annual Follow-Up Status: Legislation Enacted
Description of Legislative Action
Legislation has not been introduced to address this specific recommendation.
- Legislative Action Current As-of: December 2017
California State Auditor's Assessment of Annual Follow-Up Status: No Action Taken
Description of Legislative Action
Assembly Bill 1583 (Allen, Chapter 230, Statutes of 2014) requires the Controller to include the following information on bank accounts and savings and loan association accounts outside the treasury system in the budgetary-legal basis annual report, submitted pursuant to existing statute: (1) the name of the account; (2) the source of authorization for establishing the account; and (3) the account balance. The bill also requires a state agency that receives revenues for state costs under a cost recovery statute to account for those revenues to the Controller for deposit into the State Treasury.
- Legislative Action Current As-of: January 2015
California State Auditor's Assessment of 1-Year Status: Legislation Enacted
Assembly Bill 1583 (Chapter 230, Statues of 2014)