Fornicalia makes a “budget whoopsie” of $31.7 BILLION DOLLARS :

Governor Jerry Brown and Controller John Chiang

From my local paper, the SacramentoBee.com:

Audit: State Controller’s Office accounting riddled with errors

Read more here: http://www.sacbee.com/2014/05/29/6442109/audit-state-controllers-office.html#storylink=cpy

by John Ortiz
State Controller John Chiang’s office has understated liabilities, miscalculated debt payments and, in one instance, made a data-entry error that added three additional zeros to a revenue figure, changing the figure from millions of dollars to billions of dollars.
Meaning: those tasked with ensuring Fornicalia’s cash is well cared for — in this ultimate case, John Chiang, who is the state controller — have frakked up to the Nth degree.  In other words, to the tune of $31.7 billion dollars.  Yes.  With a B.
That’s like saying, in your checkbook, your spouse somehow “misplaced” $31,000.  Where did it go? you ask.  Wouldn’t you want to find out?  Wouldn’t you be concerned?  Wouldn’t you want to ensure that didn’t reoccur?  And wouldn’t you be just a tad upset?
Further: controller John Chiang is running for State Treasurer.  Fornicalia’s election is today.
A summary of the “mistakes”:

• Understating some federal trust fund revenues and expenditures by $7.7 billion.
• Overstating state general fund assets and revenues by $653 million.
• A reporting error that understated a public building construction fund by $9.1 billion.
• Overstating by $8 billion the California State University system’s bond debt.
• Posting a deferred tax-revenue figure as $6.2 billion when it was actually $6.2 million.
  

Those mistakes and others were so glaring, auditors said, that they should have been caught.
Jeff Dunetz at TruthRevolt.org has a great article about the situation as well.
This is just one audit, ladies and gentlemen.  A “general overview” if you will.
As a state taxpayer, I demand here and now that a detailed audit be made of EVERY department in the State of Fornicalia, involving every Secretary, every Division head, every Branch Chief.  And making the Governor ultimately responsible.
In my opinion, $31.7 BILLION DOLLARS would be a drop in the proverbial bucket in terms of dollars wasted and pissed away by persons in the State of Fornicalia, much less money simply “misplaced” as in this event.
Heads must roll, Secretaries, budget coordinators, Division heads and Branch Chiefs must be fired and severed from their potential pensions.
This is only the tip of the iceberg.
Blood must flow.
BZ

This entry was posted in California and tagged California $31.7 billion dollars, California budget, data-entry error, deferred-tax revenue, demand an audit of California finances, Fornicalia, hold Governor Brown accountable, John Chiang, John Chiang State Controller, miscalculated debt, overstating bond debt, overstating state general funds, reporting error, State Controller's office audit, State Controller's office riddled with errors, understated liabilities, understating federal trust fund revenues by BZ. Bookmark the permalink.

3 thoughts on “Fornicalia makes a “budget whoopsie” of $31.7 BILLION DOLLARS”

1. HGPSURF on Tuesday, June 3, 2014 at 19:07 said:
   Don’t you think it’s time you move out of state?
   
   Reply ↓
2. Pingback: Fornicalia makes a “budget whoopsie” of $31.7 BILLION DOLLARS | Beat the rich
   
3. Pingback: Fornicalia makes a “budget whoopsie” of $31.7 BILLION DOLLARS « Truth Is Rising