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CA Controller Finds Lack of Finance Authority Oversight by Association of Bay Area Governments

SACRAMENTO—State Controller Betty T. Yee today announced the results of her team’s review of the Association of Bay Area Governments (ABAG), finding that a lack of internal controls in administration of an affiliated financing authority provided opportunities for potential misuse of funds. Read the press release


CA Controller to Audit City of Beaumont

SACRAMENTO—State Controller Betty T. Yee today announced that her staff will conduct an investigation into the financial practices and reporting of Beaumont, a city of 42,000 in Riverside County, to resolve significant differences between the city’s financial transaction reporting to the Controller’s Office and its audited financial statements. Read the press release


CA Controller Comments on Governor’s May Budget Revision

SACRAMENTO—State Controller Betty T. Yee issued the following statement in response to Gov. Jerry Brown’s May Revision of his proposed 2015-16 budget:  Read the press release


CA Controller’s April Cash Report Shows Receipts more than $1.8 Billion over Projections

SACRAMENTO—Driven by a surge in personal income tax, April receipts for the state’s General Fund surpassed expectations by more than $1.8 billion, according to State Controller Betty T. Yee’s monthly report of California’s cash balance, receipts, and disbursements published today. Read the press release


CA Controller to Audit City of Industry

SACRAMENTO—State Controller Betty T. Yee today announced that her staff will conduct an investigation into the financial practices of the City of Industry after an outside, limited-scope audit raised questions about $326 million in payments to businesses owned by a former mayor and his family. Read the press release


CA Controller Launches Expert Panel To Analyze Tax Reform Proposals from Varied Perspectives

SACRAMENTO—With momentum building for comprehensive tax reform in California, State Controller Betty T. Yee today appointed a Council of Economic Advisors to assess the impact of proposals across the spectrum of taxpayer constituencies. Read the press release

 

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