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CALIFORNIA NEWS
Update: Special funds review finds no further deception
Posted: Aug 3, 2012 12:41 PM by Associated Press
SACRAMENTO, Calif. (AP) - The state finance director says an exhaustive review of more than 500 state special funds found no instances beyond the state parks department in which government officials purposely underreported the amount of money.
It found discrepancies in the amount reported to finance officials and the state controller's office but attributed those to differences in accounting methods, timing and human error.
Gov. Jerry Brown called for the review after it was revealed that state parks officials had deceived lawmakers and the governor's administration for more than a decade by underreporting nearly $54 million in two special funds.
During a Friday news conference, Finance Director Ana Matosantos says "there are no such other circumstances in state government based on what we found."
She said the review found a $415 million discrepancy in the total fund balances kept by the finance department and controller's office. That is less than 5 percent of all special fund money.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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