$2.3B accounting gap in California special funds
SACRAMENTO, Calif. — The state controller and the Department of Finance are $2.3 billion apart in their calculations of how much money is in hundreds of special funds kept by various state agencies, officials acknowledged Friday.
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By the state controller's accounting, the special funds held $11.1 billion during a financial tally a year ago. The state Department of Finance says the funds held $8.8 billion.
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