Video & Transcript : 'financial report' :
Page 60 of 500
ND
North Dakota 2026 1st Special Session
Higher Education Institutions Committee Jan 15th, 2026 at 08:30 am
Transcript Highlights:
- I know that each spring there is a report that comes out on the financial status, so to speak, of each
- I know that each spring there is a report that comes out on the financial status, so to speak, of each
- Chair Sickler and committee members, annually we produce this financial review report.
- So annually, we produce this financial review report, and a large portion of that is related to the composite
- financial indicator, or CFI score.
Summary:
The committee first reviewed the 2024-25 tuition waiver report for the North Dakota University System. Staff explained that waivers were reported for degree-seeking students and broken out by residency, institution, and waiver type. Members asked about partial versus full waivers, institutional discretion, athletic waivers, and whether campuses have published guardrails or transparency requirements. Staff said most waivers are set by institutions, with some statutory and board-required categories, and that athletic waivers are a small share of total waiver dollars. The report showed total gross tuition of $354.5 million, tuition waived of $38.9 million, and 11,193 of 42,040 students receiving some waiver. Members also discussed how waivers affect net tuition revenue, housing and food collections, and whether campuses are using waivers strategically compared with scholarships and other funding sources.
The committee then heard a presentation on tuition rates by campus and State Board policy. Staff explained the board’s tuition factors for resident, Minnesota reciprocity, contiguous-state/U.S. nonresident, and international students, and noted that campuses often seek exceptions based on program-specific competition and enrollment goals. Members asked whether rates are based on cost or competition, and staff said campuses typically bring forward estimates and market comparisons when requesting special rates. The presentation also reviewed general fund appropriations versus net tuition revenue by campus, and members discussed how local tuition decisions and waivers do not directly affect the state funding formula, though they do affect institutional revenue and reserves. Questions were also raised about the Higher Learning Commission’s financial composite indicator and how it differs from the more intuitive reserve and revenue figures.
The committee next received a broad overview of non-higher-education entities affiliated with the State Board of Higher Education, beginning with NDSU agriculture-related units. Dr. Greg Lardy described the State Board of Agricultural Research and Education, the NDSU Extension Service, the Agricultural Experiment Station, and the branch research centers, emphasizing their statewide role in crop and livestock research, extension education, and county-based outreach. He outlined funding mixes for extension, the experiment station, and branch stations, noting that grants and contracts support both research and education, while the agronomy seed farm is self-funded through seed sales. Members asked about the new and vacant FTE pool, R1 research status, matching requirements for grants, and whether state appropriations count toward research expenditures. Dr. Lardy also highlighted major research impacts, including crop varieties, virtual fencing, AI-assisted weed control, and NDAWN weather data.
The Northern Crops Institute and the Upper Great Plains Transportation Institute also presented. NCI described its role in market development, technical services, and education for regional agriculture, its governance through the Northern Crops Council, and its funding from state appropriations, other states, and earned revenue. Members asked about the source of out-of-state funding, intellectual property, and the institute’s international reach. UGPTI then outlined its transportation research, federal and state funding structure, and work on road and bridge condition assessments, travel demand modeling, and workforce training. No votes were taken during the portion of the meeting reflected in the transcript.
AR
Transcript Highlights:
- Report is adopted. of adopting the report say aye any opposed report is adopted.
- The committee reviewed 10 deferred reports and 109 current reports.
- The report is adopted.
- Ten reports were on the committee’s agenda: two deferred reports and two current reports with the following
- The next item is the regulatory basis financial statements and other reports for Claiborne County for
Committee:
All LEGISLATIVE JOINT AUDITING
WA
Washington 2025-2026 Regular Session
Committee to Hear SAO Performance Audits Jun 3rd, 2026
Transcript Highlights:
- The public report for this report also does not disclose details about the lack of OSPI's general IT
- Report that there was a budget.
- Kelly, the chief financial officer; Sean Lewis, School Apportionment and Financial Services director;
- I'm the chief financial officer with the agency.
- I'm the director of School Apportionment and Financial Services.
Summary:
The Joint Legislative Audit and Review Committee subcommittee heard a State Auditor’s Office performance audit on the accuracy and reliability of OSPI’s school apportionment system. Auditors said the system, which calculates and distributes K-12 funding using multiple feeder systems and a core apportionment engine, is outdated, unstable, inefficient, and at high risk of failure. They reported weak controls over data input, documentation, oversight, and staffing, and said OSPI relies heavily on manual workarounds, a few knowledgeable staff, and vendor support. In limited testing of three districts, the auditors found the system calculated funding correctly for the 2023-24 school year, but they identified nine small input discrepancies tied to differences between budget materials and state law, which they said could compound into larger dollar amounts. The auditors recommended replacing or modernizing the system and noted that delays in doing so prolong risk.
OSPI largely agreed that the current platform needs replacement and said it has been working toward a new system for years. Agency officials clarified that the Legislature requested a feasibility study in 2022, that the study found the system at risk of catastrophic failure, and that funding for a replacement is now in the state IT pool subject to OCIO/OFM gate reviews. OSPI disputed the audit’s characterization of the rounding and budget-law discrepancies, saying the issue was an agency rule and implementation choice, not an error that caused under- or over-allocation. Officials also said the current system is too old to easily absorb future formula changes, but that the planned replacement should be flexible enough to handle a new funding model if the Legislature adopts one.
Committee members asked about the amount and timing of the $16 million project funding, whether smaller districts face greater risk, how many times data is entered, and whether the funding formula should be simplified. Auditors and OSPI both emphasized that formula simplification is a policy question for the Legislature, not the audit. Public testimony came from one online witness, who urged full implementation of the audit recommendations and modernization of the system. The subcommittee took no formal vote and adjourned after the presentations and testimony.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Sep 25th, 2025
Transcript Highlights:
- In the, remind me, Francisco, the CAR report.
- We're extracting the data that are reported in the local government's audits, in their annual audit reports
- These are contained in their annual audit reports, and the balance sheets report short-term or day-to-day
- The division reviews budgets, quarterly reports, and financial audits to make sure reserve requirements
- Any red flags in these reviews might trigger including monthly reporting requirements as a financial
TX
Transcript Highlights:
- They get financial aid, state-based financial aid, and they get private scholarships.
- to meet, maximize, and protect their financial aid awards.
- The report would have required substantial changes to financial aid reporting systems, which is not what
- EmPOWER gives me the chance to grow academically, socially, and financially.
- Well, the financial aid is very difficult and different for CTP programs.
Committees:
Senate Education , Senate Education K-16
TX
Transcript Highlights:
- Number for you, and what this data set draws from is actually the certified annual financial reports
- Report. I'll send this to you.
- I see that in your report.
- Page 7 in the annual report?
- I am the Chief Financial Officer of Lockhart ISD.
Committee:
Senate Finance
NH
New Hampshire 2025 Regular Session
Senate Health and Human Services (02/06/2025)
Health and Human Services
Transcript Highlights:
- Those are the study committee reports, reports, reports, etc. Um, so good morning, Mr.
- reports reports Etc<01:27:58.679><c> um</c><01:27:59.440><c> so</c><01:28:00.320><c> good</c><01:28:
- requirement to report.
- Moving to do a cost report is...
- Moving to do a cost report is...
Committee:
Senate Health and Human Services
MA
Massachusetts 2025-2026 Regular Session
Special Legislative Commission on Emerging Firearm Technology Jun 21st, 2026 at 01:00 pm
Transcript Highlights:
- That is a substantial financial burden on anybody.
- I would also encourage you not to discount non-financial approaches.
- Those would be required to be reported back to us.
- It's a very long report but um Just going to read you some of the report's key findings.
- It's a very long report, but these are some of the key findings.
Summary:
The commission met for its fourth hearing on emerging firearm technology, focused on personalized firearms and related privacy issues. Co-chairs noted the commission’s charge to study personalized firearm incentives, risks from digital manufacturing codes and AI, and the costs of requiring personalized firearm and microstamp technologies, and said the report deadline is being extended to July 31. They also announced the next public hearing for April 17 at 11:00 a.m., limited to Massachusetts residents.
The first witness, Kai Kloepfer of Biofire, described the company’s personalized 9mm smart gun and argued it is designed to prevent unauthorized use through biometric authentication, local encrypted data storage, no wireless connectivity, and automatic disarming when released. He said Biofire opposes any mandate requiring personalized firearms, calling such mandates a de facto gun ban that would stifle innovation, limit consumer choice, and burden a still-developing market. He said the company has a patent portfolio, has received thousands of pre-orders, is shipping in all 50 states, and is approved for sale in Massachusetts; he also said the gun costs about $1,500, is currently sold online, and is intended mainly for home defense. Members questioned him about sales, manufacturing, battery life, repairability, transfer of ownership, possible expansion to other firearms, and whether microstamping could be incorporated.
A Massachusetts firearms roster official, Michaela Dunn, explained the state’s testing and approval process for handguns and confirmed that the Biofire firearm is now on the Massachusetts roster and commercially available for retail sale in the state. Kate Crockford of the ACLU of Massachusetts testified only on facial recognition, warning that commercially available systems show significant demographic bias and that Massachusetts lacks comprehensive biometric privacy protections. She urged passage of pending data privacy and biometric privacy bills, including the Massachusetts Data Privacy Act and related measures, before any broader use of biometric verification in firearm laws. Commissioners discussed privacy concerns, and Biofire said its system is zero-knowledge and would likely comply with stronger biometric privacy laws. No votes were taken and no formal action was reported beyond the scheduling announcement and the extension effort.
NH
New Hampshire 2025 Regular Session
House Education Funding (02/07/2025)
Transcript Highlights:
- I’m introducing this bill, which requires the State Board of Education to report the unfunded financial
- to report the unfunded Financial<02:00:52.040><c> impact</c><02:00:52.360><c> to</c><02:00:52.560><c
- The report has to contain that.
- Again, that was a majority report.
- Again, that was a majority report.
Summary:
The committee first heard HB 659, which would establish the New Hampshire College Graduate Retention Incentive Program. A Department of Revenue Administration analyst explained technical issues in the bill, focusing on whether the incentive is intended to operate as a rebate or a tax credit, how it would be administered, and how it would interact with the business enterprise tax and business profits tax. She said the bill’s language was unclear on the administering agency, effective tax years, caps, and carry-forward treatment, and noted that reducing BET can also reduce the BET credit against BPT, though not on a one-for-one basis. Committee members asked follow-up questions about the BET/BPT interaction, administrative costs, and whether the Department of Business and Economic Affairs would need additional staffing. Andrew Horn then testified in support, saying the bill is meant to address the large number of New Hampshire college graduates who leave the state after graduation by encouraging them to stay and by incentivizing businesses to hire them. The chair closed the hearing on HB 659 after no further public testimony.
The committee then took up HB 770, a bill to establish a program allowing New Hampshire high school students to earn tuition credits at state higher education institutions through community service. Representative Schultz described the bill as a “triple play” intended to increase volunteerism, expand service and internship opportunities for students, and make college more affordable. Ryan Casey, a junior at Bishop Brady High School, testified that the proposal would help students reduce future loan debt while benefiting communities and encouraging young people to attend college in New Hampshire. Committee members asked about eligibility, including why private and preparatory school students were excluded, whether public school students would qualify, whether mandatory service hours would count, and how the bill’s references to education and business eligibility should be read. Schultz said the exclusion of private and prep schools was intended because public school students are more clearly New Hampshire residents, and she noted that mandatory school service hours had been excluded in revisions. The Department of Education then testified that the program would require significant administration, estimating at least three full-time staff, software or tracking systems, and rulemaking to oversee volunteer sites, schools, student eligibility, and tuition credit distribution. No vote was taken in the excerpt, and the hearing remained in testimony phase.
WA
Washington 2025-2026 Regular Session
House Environment & Energy Dec 4th, 2025
Transcript Highlights:
- One-third of the sites report metal contamination, and so...
- However, 300 to 350 new sites are discovered and reported each year.
- In doing so, we started with our core program: financial responsibility.
- The financial assurance program was born in October 2024.
- And the report discussed a couple options that could have impact these points.
Summary:
The committee first heard updates on the Model Toxics Control Act (MTCA) and related funding. Department of Ecology staff explained how MTCA and the hazardous substance tax support cleanup, prevention, stormwater, and local assistance programs, but said forecasted revenues have declined while appropriations and transfers have outpaced incoming funds. Ecology said the operating account will require underspending to stay balanced this biennium and that the problem is ongoing, with further reductions possible if forecasts worsen. Ecology also reviewed the state cleanup program, noting there are more than 14,500 cleanup sites in Washington and that new sites continue to be discovered faster than they are cleaned up. A question from Representative Lee raised the long-term issue of declining fossil-fuel-based revenue, and Ecology agreed that this is a future structural concern even though the current shortfall is driven more by forecasts and transfers than by fuel-use decline.
The Pollution Liability Insurance Agency described its underground storage tank and heating oil programs, saying it has modernized from a reinsurance model to a financial assurance model with stronger state oversight and cleanup milestones. Russ Olson said the agency’s dedicated petroleum tax account is in strong financial condition, but emphasized the importance of preserving that funding source. He also discussed the loan and grant program for historic commercial releases and a new heating oil loan/grant program, while noting the agency is working on equity concerns where liens can be disproportionate to property values in smaller communities. Practitioners and advocates then offered differing views on MTCA’s performance: one attorney urged a collaborative review process to make cleanups faster, less expensive, and more certain, while another consultant argued the program is too conservative and process-heavy and should focus more narrowly on actual exposure and realistic cleanup standards. Environmental and community groups countered that MTCA is essential for cleanup, pollution prevention, stormwater control, and public participation, and that it is especially important for environmental justice communities such as the Duwamish Valley. Port and city representatives stressed that MTCA grants and cleanup funding are critical for large redevelopment projects, but said long timelines, permitting delays, and funding uncertainty can slow projects and jeopardize commitments.
The committee then shifted to utility wildfire risk. Staff summarized recent legislation, including requirements for utility wildfire mitigation plans, creation of a wildfire mitigation standards work group, authorization for captive insurance by local governments and PUDs, securitization authority for disaster costs, and the existing wildfire response and resilience account. Chelan County PUD and Puget Sound Energy described extensive mitigation efforts such as vegetation management, grid hardening, undergrounding, AI smoke cameras, weather stations, enhanced operating settings, public safety power shutoffs, and community outreach. Both said wildfire risk is rising and insurance costs are increasing, and Chelan PUD asked the Legislature to restore funding to the wildfire response and resilience account. The Office of the Insurance Commissioner said a 2022 utility liability market study found insurance availability is tightening as perceived risk rises, and reported that a 2025 work group recommended restoring community resilience funding, requiring insurers to share wildfire risk scores and mitigation steps with property owners, and creating a grant program based on insurance industry wildfire standards. A PNNL scientist added that wildfire probability is increasing in parts of Washington and that mitigation requires long-term, landscape-scale coordination. The final speaker began describing California’s approach to wildfire risk, but the transcript cuts off before that presentation concluded.
CA
California 2025-2026 Regular Session
Assembly Natural Resources Committee Apr 20th, 2026
Transcript Highlights:
- Our report identified four key principles.
- This bill does exactly that by implementing a reporting framework.
- AB 1577 layers an entirely separate reporting framework on top of that.
- Cleanup costs are systematically underestimated, and financial reporting obscures those liabilities.
- And financial reporting obscures those liabilities.
Summary:
The committee heard a long series of bills, beginning with AB 2026 on groundwater recharge. The author and supporters said the bill would streamline permitting for recharge projects, codify long-standing CEQA exemptions for flood diversions to recharge, and add tribal consultation and other guardrails. Water agencies and local districts supported the measure as a way to capture high-flow water and reduce groundwater subsidence, while environmental groups and some irrigation districts opposed it, warning that the bill’s exemptions and broader diversion authority could harm rivers, Delta resources, and public trust values. The bill was discussed but not voted on because the committee lacked a quorum at that point.
The committee then took up AB 1577 on data center energy accountability, which would require monthly reporting of energy-use data and permit-related estimates of energy and water demand. The author and the Little Hoover Commission argued the bill would improve transparency, help protect ratepayers, and give regulators better information for grid planning. Data center industry representatives opposed it as duplicative, burdensome, and uniquely targeted, while local governments, environmental groups, and some utilities supported it or supported it if amended. The bill was later reported out with a due pass recommendation once a quorum was established.
Members also heard AB 2245 on a producer responsibility program for lubricant products and containers, AB 2170 on CEQA language-access and environmental review protections for overburdened communities, AB 2059 on rural transportation and VMT mitigation, AB 1808 on Western Joshua tree permitting and fee relief, AB 2182 on industrial energy efficiency program changes, and AB 2231 on streamlining two hospital projects. Testimony was mixed on most of these bills: supporters emphasized affordability, local control, environmental justice, or project urgency, while opponents raised concerns about CEQA scope, regulatory duplication, costs, and environmental impacts. Several measures received due pass recommendations and roll-call votes, including AB 2170, AB 2059, AB 1808, AB 2182, and AB 2231, with some members voting no or not voting and some bills left open for absent members.
ND
North Dakota 2026 1st Special Session
Information Technology Committee Jul 8th, 2026 at 10:00 am
Information Technology Committee
Transcript Highlights:
- So next up, we have the variance report.
- In the full reports, startup and closeout reports that were forwarded to the committee, you can find
- Committee, any questions on any of the projects that were reported? report on major projects.
- And then that does flow in and show as revenue into the financials that you'd see in that annual report
- Each entity will get a report.
Committee:
Joint Information Technology Committee
MN
Minnesota 2025-2026 Regular Session
Committee on Environment, Climate and Legacy - 02/06/25
Environment, Climate, and Legacy
Transcript Highlights:
- </c> the stru the structural engineer report the stru the structural engineer report did<00:05:29.919
- </c> the report and you'll see in the report the report and you'll see in the report that<00:51:25.760
- </c><00:59:16.160><c> in</c> between the draft and final report in between the draft and final report
- Chair, Senator Green... report um it looks like you're going to report um it looks like you're going
- </c> state could call on that Financial state could call on that Financial assurance<01:25:35.800><c>
Committee:
Senate Environment, Climate, and Legacy
LA
Transcript Highlights:
- We've got a motion by Vice Chair Ilg to report House Bill 1187 as amended.
- So that, in my mind, is also personal financial information.
- Vote yes is to report House Bill 1221 favorably.
- Vote no is to reject the motion to report favorably. Chairman Firmett? No. No.
- I have six yeas, six nays, and House Bill 1221 fails to be reported favorably.
Committee:
House Insurance
MN
Minnesota 2025-2026 Regular Session
Committee on Jobs and Economic Development - 03/18/26
Jobs and Economic Development
Transcript Highlights:
- </c> supporting them with financial literacy. supporting them with financial literacy.
- And going back on my feet financially.
- </c><00:32:19.080><c> literacy,</c> helping teach them financial literacy, helping teach them financial
- Local reporters Minnesota's communities.
- </c> community than we can report on. community than we can report on.
Committee:
Senate Jobs and Economic Development
TX
Transcript Highlights:
- It ensures that relative caregivers receive financial. financial support equal to licensed foster care
- Contributed to previous interim reports agency policy documents and advisory committee reports collecting
- Instead, they call 911. or facility staff to report problems.
- This triggers an incident report.
- I respectfully ask for your support and request that House Bill 4116 favorably be reported. reported
Bills:
HB741 , HB 1199 , HB2070 , HB2402 , HB2542 , HB2665 , HB2789 , HB3096 , HB3396 , HB3595 , HB3747 , HB4116 , HB4127
Committee:
House Human Services
WA
Washington 2025-2026 Regular Session
House Health Care & Wellness Feb 4th, 2026 at 01:30 pm
Health Care & Wellness
Transcript Highlights:
- Tribal data and disease reporting to tribal health jurisdictions. There are no amendments.
- I move that House Bill 2555 be reported out of committee with a due pass recommendation.
- By your vote, House Bill 2555 is reported out of committee with a due pass recommendation.
- I move that House Bill 2685 be reported out of committee with a due pass recommendation.
- By your vote, House Bill 2685 is reported out of committee with a due pass recommendation.
Committee:
House Health Care & Wellness
Keywords:
phthalates, medical equipment, healthcare regulation, intravenous therapy, toxic substances, Medicaid, healthcare, traditional practices, health insurance, coverage expansion, therapy, psychotherapy, mental health, regulation, professional standards, tribal data, data protection, privacy, sharing of information, Indigenous rights
TX
Transcript Highlights:
- And if so, why is that the right date for the financial responsibility for the father to occur?
- Conception is the right date, and if so, why is that the right date for the financial responsibility
- You're looking at the financial hardship of women. I don't mean to direct this all at you.
- An annual report of the guardian of a person.
- . ...would be imposed for judges reviewing a report in a guardianship of the person.
Committee:
Senate Jurisprudence
Summary:
The committee first adopted its rules, which were distributed in the same form as the prior session’s rules. Members then took up several bills, beginning with SB 711, an HOA/condominium association bill that would extend and conform property-owner protections to condominium associations; the bill’s author and a Community Associations Institute representative testified in support, and the bill was left pending. SB 942 would allow child support and certain prenatal/postnatal medical expenses to be calculated from the date of conception rather than birth; it drew supportive testimony from the Texas Public Policy Foundation and the Attorney General’s Child Support Division, and was also left pending after testimony. SB 1448, an estates and probate cleanup bill, would require transfer of original wills by qualified delivery, add notice and electronic-order requirements for statutory probate courts, and make other clarifications; it received supportive testimony from the Texas Real Estate and Probate Institute and was left pending.
The committee also heard SB 1403, the Attorney General’s Title IV-D child support modernization bill, which updates notice, review, remote-hearing, and administrative-process provisions and clarifies several enforcement and evidence rules; the AG’s office testified that it would improve efficiency, and the bill remained pending. SB 1404 would allow courts to require an email address in final SAPCR orders when other contact information is nondisclosed and clarify service and judgment requirements; the Attorney General’s office described it as a good-government measure, and it was left pending. SB 1559 would require transfer of protective orders into divorce or custody cases to avoid conflicting orders; family-law practitioners and a family court judge testified that it would resolve longstanding conflicts identified by multiple courts of appeals, and the bill remained pending.
Finally, the committee considered SB 746, a guardianship bill that would address conflicts of interest in guardianship proceedings, allow guardian ad litem appointment earlier in the process, and require timely court action on annual guardianship reports and accounts; a committee substitute would remove some provisions and extend a reporting deadline from 20 to 30 days. TREP supported the bill, and one practitioner suggested requiring courts to state reasons when rejecting annual accounts. SB 1536 would require dementia and Alzheimer’s training for certain family guardians, with a committee substitute narrowing the scope and reducing the training time from three hours to one; the Alzheimer’s Association supported the measure and the substitute, and the bill was left pending. No bills were voted out of committee during the meeting.
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Fifty Nine - Tuesday, April 28
Missouri House Floor Meeting
Transcript Highlights:
- The financial reporting is a transparency means.
- Sometimes I put it out in a Capitol report.
- I want to start with the financial piece with this ledger.
- Well, we require online reporting on certain financial stuff and transparency.
- And I believe that has to go back to that financial ledger.
Summary:
The House began with prayer, the Pledge of Allegiance, and approval of the prior day’s journal by a 123-1 roll call vote. Members then spent time introducing guests, including physicians, sheriffs, students, interns, and school groups from several districts. The chamber also heard a personal privilege statement recognizing a member’s son’s birthday.
On third reading, House Bill 1758, dealing with permanent daylight saving time in Missouri, drew debate over whether ending clock changes would improve convenience or create safety and health problems by leaving more commutes in darkness. Supporters argued it would align with public preference and reduce disruption, while opponents warned of circadian and safety concerns. The bill passed 107-31 with two present. The House then moved to perfection of House Bill 3329, which repeals expired or unused tax credits, and House Bill 3405, which reclassifies SALT/pass-through entity items as deductions rather than tax credits for reporting purposes; both were described as cleanup and efficiency measures and were perfected without opposition.
The chamber then took up House Bill 2426, a broad parental rights bill covering medical, educational, privacy, and related decision-making for children, and a major amendment focused on individualized education plans (IEPs). Supporters said the bill and amendment strengthen parental involvement and require stricter judicial review, while opponents raised concerns about overbreadth, school district administration burdens, transparency requirements, and possible conflicts with existing law on truancy, medical care, and records. House Amendment 1 was adopted 98-25 with six present, and debate continued on the underlying bill with no final vote shown in the transcript excerpt.
AR
Arkansas 2026 1st Special Session
LEGISLATIVE JOINT AUDITING-STATE AGENCIES Mar 12th, 2026
LEGISLATIVE JOINT AUDITING-STATE AGENCIES
Transcript Highlights:
- Today we're presenting two reports that have findings, and we also have three reports without findings
- Without objection, we will file these reports.
- The first report with findings is a Department of Public Safety FY24 report, which contains two findings
- report, and this report contains five findings.
- Seeing none, without objection, we will file this report.
Summary:
The committee first approved the minutes from the prior meeting. It then heard audit reports from Tom Bullington, including two reports with findings and three without findings, which were filed without objection. The Department of Public Safety FY24 audit had two findings: a duplicate vendor payment of nearly $3,700 that was later recouped, and a $2.5 million collateral shortfall tied to bank-held cash funds because securities were not properly pledged in the State Police’s name. Agency representatives from Arkansas State Police and the Department of Public Safety answered questions, and members discussed how collateralization works for deposits above FDIC coverage.
The committee next reviewed the Department of Transformation and Shared Services FY24 audit, which contained five findings. These included an $800 career service overpayment caused by a rehire data entry error, delayed deactivation and inventory issues for assets including stolen cameras, a double count of more than $940,000 in year-end cash records, $10.3 million in health claims that should have been recorded as fiscal year 2024 payables, and repeated deficiencies in vehicle mileage logs. Agency officials explained that the stolen cameras were recovered through restitution, that inventory reviews are being expanded, and that the vehicle log problems are expected to be addressed through a statewide electronic GPS/telematics system.
Members asked about the scope of audit testing, asset tracking, vehicle oversight, and whether the new vehicle system would allow monitoring of use, fuel purchases, geofencing, and possible sharing of vehicles across agencies. Shared Administrative Services said it would administer the statewide system, with departments retaining operational responsibility and access controls. After discussion, the committee filed the report without objection and adjourned, noting the next meeting would be held June 4.