BILL NUMBER: AB 341	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Achadjian

                        FEBRUARY 13, 2015

   An act to amend Section 53891 of the Government Code, relating to
local government.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 341, as introduced, 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.
   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
180, days and from 110 days to 210 days.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  (a) The Legislature finds and declares that the
existing timelines between the close of the fiscal year and the
requirement for local agencies to submit financial transaction
reports to the Controller within 90 or 110 days are often
insufficient to ensure the required audits of this data have been
completed. Submitting incomplete or unaudited data can create
confusion for the public and additional work for both the State
Controller's office and the local agency staff to update information
to reflect final audits.
   (b) It is the intent of the Legislature in enacting this act to
adjust the existing timelines described in subdivision (a) so that
local agencies have sufficient time to ensure that local financial
transaction reports submitted to the Controller and published online
by the Controller reflect final audited data. By making these
changes, it is the intent of the Legislature to improve the quality
of information provided to the public.
  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 next 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
 90   180  days after the close of each
fiscal year and shall be in the form required by the Controller. If
the report is filed in electronic format as prescribed by the
Controller, the report shall be furnished within  110
  210  days after the close of each fiscal year.
However, whenever a local agency files annual financial materials
with the Office of Statewide Health Planning and Development or any
successor thereto pursuant to Section 128735 of the Health and Safety
Code, the audited report shall be furnished within 120 days after
the close of each fiscal year. Further, whenever a community
redevelopment agency files an annual report with the Controller
pursuant to Section 33080 of the Health and Safety Code, the report
shall be furnished within six months of the end of the agency's
fiscal year. 
    The 
    (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  the provisions of
 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.