Bill Text: CA AB341 | 2015-2016 | Regular Session | Chaptered
Bill Title: Financial affairs: reports.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2015-07-02 - Chaptered by Secretary of State - Chapter 37, Statutes of 2015. [AB341 Detail]
Download: California-2015-AB341-Chaptered.html
BILL NUMBER: AB 341 CHAPTERED
BILL TEXT
CHAPTER 37
FILED WITH SECRETARY OF STATE JULY 2, 2015
APPROVED BY GOVERNOR JULY 2, 2015
PASSED THE SENATE JUNE 18, 2015
PASSED THE ASSEMBLY MAY 22, 2015
AMENDED IN ASSEMBLY MAY 5, 2015
INTRODUCED BY Assembly Member Achadjian
FEBRUARY 13, 2015
An act to amend Sections 12463, 53891, and 53893 of the Government
Code, relating to local government.
LEGISLATIVE COUNSEL'S DIGEST
AB 341, Achadjian. Financial affairs: reports.
Existing law requires the officer of each local agency, who has
charge of the financial records of the local agency, to furnish to
the Controller a report of all the financial transactions of the
local agency during the next preceding fiscal year within 90 days of
the close of each fiscal year, or within 110 days if the report is
furnished in an electronic format. Existing law requires the report
to include, among other things, the annual compensation of a local
agency's elected officials, officers, and employees, as specified.
This bill would require the report to contain underlying data from
audited financial statements, as specified, if this data is
available. This bill would extend the amount of time in which the
report is required to be furnished to the Controller from 90 days to
seven months. The bill would also require information regarding the
annual compensation of a local agency's elected officials, officers,
and employees, as specified, to be submitted to the controller no
later than April 30th after the end of the calendar year.
Existing law requires the Controller to, among other things,
compile and publish reports of the financial transactions of each
county, city, and special district, as specified, on or before August
1, September 1, and October 1, respectively, of each year.
This bill would instead require the Controller to compile and
publish reports of the financial transactions of each county, city,
and special district on or before November 1 of each year.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 12463 of the Government Code is amended to
read:
12463. (a) The Controller shall compile, publish, and make
publicly available on the Controller's Internet Web site, in a format
that may be printed and downloaded, reports of the financial
transactions and information on annual compensation, consistent with
subdivision (l) of Section 53892, of each county, city, and special
district, respectively, within this state, together with any other
matter he or she deems of public interest. The reports shall include
the appropriations limits and the total annual appropriations subject
to limitation of the counties, cities, and special districts. The
reports to the Controller shall be made in the form and manner
prescribed by the Controller.
(b) The Controller shall compile and publish reports of the
financial transactions of each county, city, and special district
pursuant to subdivision (a) on or before November 1 of each year
following the end of the annual reporting period. The Controller
shall make data collected pursuant to this subdivision available upon
request to the Legislature and its agents, on or before April 1 of
each year.
(c) The Controller shall annually publish, on the Internet Web
site of the Controller, reports of the financial transactions of each
school district within this state, together with any other matter he
or she deems of public interest. The reports shall include the
appropriations limit and the total annual appropriations subject to
limitation of the school district. The reports to the Controller
shall be made in the time, form, and manner prescribed by the
Controller.
(d) As used in this section, the following terms have the
following meanings:
(1) "School district" means a school district as defined in
Section 80 of the Education Code.
(2) "Special district" means any of the following:
(A) A special district as defined in Section 95 of the Revenue and
Taxation Code.
(B) A commission provided for by a joint powers agreement pursuant
to Chapter 5 (commencing with Section 6500) of Division 7 of Title
1.
(C) A nonprofit corporation that is any of the following:
(i) Was formed in accordance with the provisions of a joint powers
agreement to carry out functions specified in the agreement.
(ii) Issued bonds, the interest on which is exempt from federal
income taxes, for the purpose of purchasing land as a site for, or
purchasing or constructing, a building, stadium, or other facility,
that is subject to a lease or agreement with a local public entity.
(iii) Is wholly owned by a public agency.
SEC. 2. Section 53891 of the Government Code is amended to read:
53891. (a) The officer of each local agency who has charge of the
financial records shall furnish to the Controller a report of all
the financial transactions of the local agency during the preceding
fiscal year. The report shall contain underlying data from audited
financial statements prepared in accordance with generally accepted
accounting principles, if this data is available. The report shall be
furnished within seven months after the close of each fiscal year
and shall be in the form required by the Controller. A local agency
shall submit to the Controller information on annual compensation, as
described in subdivision (l) of Section 53892, for the previous
calendar year no later than April 30th.
(b) The Controller shall prescribe uniform accounting and
reporting procedures that shall be applicable to all local agencies
except cities, counties, and school districts, and except for local
agencies that substantially follow a system of accounting prescribed
by the Public Utilities Commission of the State of California or the
Federal Energy Regulatory Commission. The procedures shall be adopted
under Chapter 3.5 (commencing with Section 11340) of Part 1 of
Division 3 of Title 2. The Controller shall prescribe the procedures
only after consultation with and approval of a local governmental
advisory committee established pursuant to Section 12463.1. Approval
of the procedures shall be by majority vote of the members present at
a meeting of the committee called by the chairperson thereof.
SEC. 3. Section 53893 of the Government Code is amended to read:
53893. Upon the completion of the report the legislative body
shall either post it in a conspicuous location on its Internet Web
site, or cause copies of the report to be prepared and the clerk of
the legislative body shall furnish a copy to any person requesting
it. A charge not to exceed twenty-five cents ($0.25) for each copy
may be imposed.
