Audit Finds Budget Errors; Faulty Forecasts At State Utilities Commission

SACRAMENTO (KCBS) – An audit of the California Public Utilities Commission found that the agency routinely makes errors in its budget and gives bad fiscal forecasts.

The Sacramento Bee reported that the state Department of Finance audit found the utilities commission in 2011 was wrong… when it told state officials that $422 million existed in seven funds. The money was not actually available.

The CPUC also made an $81 million typographical error, the report found.

The governor relies on the CPUC’s budget and fiscal forecasts to make policy decisions.

The auditors blamed staff inexperience and understaffing for the mistakes.

In an official response, the CPUC agreed with most of the findings and said it is working on fixes.

(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?

Listen Live