Accounting. The Department of Finance (Finance) is charged with the responsibility for devising the state s uniform accounting system and for setting statewide fiscal and accounting policies and procedures pursuant to Government Code sections 13300 and 13310 respectively. Coordination of the system of accounts kept by the individual state departments with the central accounts kept by the State Controllerâs Office (SCO). 2  Uniform and consistent accounting and reporting among all state departments. 3  Consistency between accounting and budgeting procedures.
The most staggering aspect of this data is that California is, at the same time, the state with the highest poverty rate in the US, based on the Supplemental Poverty Measure (SPM) criterion, with an average of 23.8 percent for the years 2010-2014.
As the Orange County Register reports, the threshold for low-income status for a family of four in Los Angeles County is more than $10,000 less than it is in Orange County and nearly $35,000 lower than in San Francisco County. In the Oakland area, families of four earning $80,400 are considered low-income; in Los Angeles the number is $72,100.