California State Controller's seal

Financial Reports, Taxes, and Economy

As the state’s chief fiscal officer, Controller Betty Yee oversees the state’s daily cash management and publishes monthly reports on state revenues and expenditures, as well as a newsletter about fiscal trends and policy questions. The Controller also reviews and audits cost claims for state-mandated programs.

The Controller’s Division of Accounting and Reporting (DAR) compiles the Comprehensive Annual Financial Report (CAFR) for the State of California using federal Governmental Accounting Standards Board requirements. The California State Auditor is responsible for auditing the CAFR in accordance with federal Government Auditing Standards. The DAR team also prepares the Budgetary-Legal Basis Annual Report (BLBAR), which includes the unaudited statements of funds for the State. Each fund statement includes the results of operations showing receipts, disbursements, and fund balances. The BLBAR is prepared in compliance with California Government Code section 12460.

Controller Yee is a member of the state’s two tax entities, the Franchise Tax Board and the Board of Equalization.