State Controller Betty Yee is ‘gravely concerned’ that problems with the state’s accounting software could undermine California’s credit worthiness, she wrote in a recent letter to legislators. Efforts to tie a new computer program into the state’s legacy systems have delayed monthly cash reports and are threatening the accuracy of the state’s annual financial report, which is typically published at the end of April, Yee wrote.
Read the full article on: The Sacramento Bee (California)