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.
Texas'-something that should be a source of embarrassment for the home of. Hollywood, the Silicon Valley and the nation's highest marginal income tax rate. As averaged from 2013 to 2015, California had America's 17th-highest poverty rate, 15. percent, according to the U.S. Census Bureau. But, by a newer, more comprehensive Census. accounting, California's true poverty rate is an eye-popping 20.6 percent-the highest in the. nation.