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.
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