A new Department of Finance audit found "general confusion and lack of knowledge" in the California Public Utilities Commission budget office, The Bee reported today.
Those weaknesses led to accounting discrepancies and poor forecasting related to consumer-funded programs run by the PUC, auditors found. In 2011, the commission told lawmakers and the Department of Finance that it had $422 million more than actually existed in seven funds. The audit also discovered that one PUC employee had made an $81 million typographical error.
You can read the audit here.