Recurring Findings

Finance: Recurring Significant Internal Control Deficiencies
Federal Program Issue First Year Reported
Department's Assertion Page Number
All Programs Because of limitations in its automated accounting systems, the State has not complied with the provisions of the U.S. Office and Management Budget (OMB) Circular A-133 requiring auditees to prepare a Schedule of Expenditures of Federal Awards that includes the total federal awards expended for each individual federal program. 1995-96
Finance is aware of the importance of the reporting requirement. The State's accounting system will require substantial modification to comply with federal and state requirements. Finance is working on both a long-term and short-term plan to correct this finding. In the short term, in a cooperative effort with state agencies, Finance is working on an interim solution for fiscal year 2010-11. In the long term, the State has received legislative approval for a new integrated statewide financial management system -- the Financial Information System for California (FI$Cal Project). The FI$Cal Project is a comprehensive statewide initiative costing over $1 billion and is anticipated to be completed by 2017. 23
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