Finance Bulletin

February 2004

Economic Update

As with the nation, California's employment picture didn't improve much at the end of 2003. However, for both the state and the nation, the employment situation is at odds with other economic indicators.

Industry Gains and Losses

Monthly Cash Report

Preliminary General Fund agency cash for January was $626 million below the 2004-05 Governor's Budget forecast of $7.862 billion. The variance between January and year-to-date cash results from differences between actual and estimated December revenues. 

General Fund Agency Cash
2003-04 Governor's Budget Act Forecast

2003-04 Comparison of Actual and Forecast 
Agency General Fund Revenues

For more information, please contact the California Department of Finance,
Room 1145, State Capitol, Sacramento, CA or call (916) 323-0648.

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