Welcome to the State of California Department of Finance

Reports and Periodicals


The Department of Finance prepares reports on matters that have a fiscal impact on California from the demographic make-up of the people of California; to short and long-term financial plans for infrastructure improvements; to financial audits and performance reviews of state agencies, programs, and projects.


  • 2015-16 Estimated Cash Flow of Receipts, Disbursements, and Borrowable Resources
  • Cash Flow Management – Explanation of Internal Cash Flow Borrowing Practices
  • General Fund Loans and Obligations Report Prepared by the Cash Management Unit, the report is provided to the Legislature February 1 and August 1 of each year pursuant to Government Code Section 16320. The report provides a list of outstanding loans with anticipated repayment dates made from various special funds to the General Fund and a list of General Fund budgetary obligations.
  • Multi-Year General Fund Budget Projection Prepared by the Investable Resources Unit, the report projects total General Fund revenues and expenditures beyond the budget year. The projections are only estimates and actual outcomes could vary substantially. Beginning with the 2012-13 Governor's Budget, SB 15 (Chapter 737, Statutes of 2011), requires that the projection of the budget year's General Fund total resources and total expenditures at the Governor's Budget, May Revision, and budget enactment, be accompanied by the projections for the same year from the previous four budget acts. This comparison page is updated to reflect the latest budget year projection.


Audits and Evaluations


  • Demographic Reports Prepared by the Demographic Research Unit, these reports provide data on the size, distribution, and make-up of the population of California.
  • Dynamic Revenue Analysis for California Prepared by the Economic and Financial Research Units, this technical report details the California Dynamic Revenue Analysis Model (DRAM), used by Finance to perform dynamic revenue analysis for proposed legislation having a revenue impact of ten million dollars or more. (The Department of Finance is no longer required to use the DRAM for bill analyses, thus, this model is no longer maintained. However, the California Air Resources Board is still a user of the model and can be reached at (916) 323-1182.)
  • Tax Expenditure Reports A detailed listing of tax expenditures, with a history of relevant legislative actions.

Legislative Analyses

  • Legislative Analyses As the Governor's chief fiscal policy advisor, Finance analyzes proposed legislation for fiscal impact and alignment with the Governor's Administration's policy priorities. Finance reports its findings and support position through Bill Analyses.



Finance also publishes periodicals featuring updates on California financial information:

  • Finance Bulletin A monthly economic update and cash report published by the California Department of Finance, in every month but January and May.
  • California Economic Indicators A bimonthly summary of economic trends and data relating to the State of California.