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.
According to the BLS current population survey (CPS), the unemployment rate for California rose 0.1 percentage points in July 2017 to 4.8%. The state unemployment rate was 0.5 percentage points higher than the national rate for the month. The unemployment rate in California peaked in February 2010 at 12.2% and is now 7.4 percentage points lower. From a post peak low of 4.7% in May 2017, the unemployment rate has now grown by 0.1 percentage points. You can also see California unemployment compared to other states.