Special Fund Accounting Practices. In response to this year’s Department of Parks and Recreation accounting issues, the Legislature passed Chapter 343, Statutes of 2012 (AB 1487, Committee on Budget), to ensure that special fund information was presented in the Governor’s budget on the same basis as that used in the Controller’s budgetary accounting reports. We expect that the 2013-14 Governor’s Budget will include updated information on special fund balances in response to these requirements. Legislative committees will want to scrutinize the condition of special funds with significant discrepancies compared to prior administration reports. Decisions about when special fund loans are repaid by.
