The California Department of Finance is a state
cabinet-level agency within the
government of California
The government of California is the governmental structure of the U.S. state of California as established by the California Constitution. California uses the separation of powers system to structure its government. It is composed of three branche ...
. The Department of Finance is responsible for preparing, explaining, and administering the state's annual financial plan, which the
Governor of California is required under the
California Constitution to present by January 10 of each year to the general public. The Department of Finance's other duties include analyzing the budgets of proposed laws in the
California State Legislature, creating and monitoring current and future economic forecasts of the state, estimating population demographics and enrollment projections, and maintaining the state's accounting and financial reporting systems.
The current director of finance i
Joe Stephenshawand is a member of Governor
Gavin Newsom's cabinet. Stephenshaw was appointed the department's director in July 2022 by Governor Newsom.
Units within the department
There are nine financial units within the Department of Finance, administering the agency's various duties within the state government:
* Budget Operations Support (BOS)
* Legislative Analyses
* California State Accounting and Reporting System (CALSTARS): Accounting
* Demographic Research Unit (DRU)
* Economic/Financial Research Unit (ER/FR)
* Fiscal Systems and Consulting Unit (FSCU)
* Office of State Audits and Evaluations (OSAE)
* Performance Review Unit (PRU)
*
Financial Information System for California (FI$Cal) Project
See also
*
Economy of California
The economy of the State of California is the largest in the United States, with a $3.37 trillion gross state product (GSP) as of 2021. It is the largest sub-national economy in the world. If California were a sovereign nation (2022), it would ...
*
California State Treasurer
The state treasurer of California is a constitutional officer in the executive branch of the government of the U.S. state of California. Thirty-five individuals have held the office of state treasurer since statehood. The incumbent is Fiona M ...
*
California State Controller
The state controller of California is a constitutional office in the executive branch of the government of the U.S. state of California. Thirty-two individuals have held the office of state controller since statehood. The incumbent is Betty Yee ...
References
External links
*
Investmentin the
California Code of Regulations
The California Code of Regulations (CCR, Cal. Code Regs.) is the codification of the general and permanent rules and regulations (sometimes called administrative law) announced in the ''California Regulatory Notice Register'' by California state ...
Department of Finance's Population Estimate Methodology2014-2015 Proposed California Budget
Finance
Organizations based in Sacramento, California
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