Southern California
Opinion

California a Year Late in Releasing Annual Financial Report

California a Year Late in Releasing Annual Financial Report
The State Capitol building in Sacramento, Calif., on Oct. 22, 2003. Robyn Beck/AFP/Getty Images
John Moorlach
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Commentary

Most states have a June 30 fiscal year end. After the books are closed, the independent outside Certified Public Accountants come in and audit the books. This task is usually completed no later than the month of December and is released to the public.

John Moorlach
John Moorlach
Author
John Moorlach is the director of the California Policy Center's Center for Public Accountability. He has served as a California State Senator and Orange County Supervisor and Treasurer-Tax Collector. In 1994, he predicted the County's bankruptcy and participated in restoring and reforming the sixth most populated county in the nation.
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