Financial Information System for California.

(1) Existing law requires the Department of Finance, the Controller, the Treasurer, and the Department of General Services to collaboratively develop, implement, utilize, maintain, and operate the Financial Information System for California (FISCal) as a single integrated financial management system that encompasses the management of resources and dollars in the areas of budgeting, accounting, procurement, cash management, financial management, financial reporting, cost accounting, asset management, project accounting, grant management, and human resources management. Existing law states the intent of the Legislature regarding the objectives of the FISCal system. Existing law requires the Office of the Financial Information System, upon its establishment, to implement the FISCal system, in a specified manner, with Wave One consisting of certain departments. Existing law requires the Department of Finance, before executing a contract for a prime vendor to implement the FISCal system, to submit a written report containing specified information to the Legislature for review no less than 30 days prior to the execution of the contract. Existing law limits the implementation of the FISCal system to specified departments and officers absent further express authorization of the Legislature. Existing law authorizes the State Public Works Board to issue debt to finance and refinance the costs of the FISCal system, specifically authorizes up $277,000,000 for this purpose, and specifically provides that, upon subsequent legislative approval, the board may issue additional debt up to $1,362,000,000, as specified. Existing law declares the intent of the Legislature to use General Fund appropriations for the cost of the FISCal system, and continuously appropriates funds and subaccounts to pay for the system's development, implementation, operation, and maintenance. This bill would repeal and revise these provisions. The bill would change the definition of the "FISCal system" to refer to asset accounting and grant accounting instead of asset management and grant management. The bill would revise and expand the objectives that the FISCal system is intended to meet to include, among other things, the implementation of stable and secure information technology infrastructure. The bill would permit FISCal to be implemented with respect to all departments and agencies without express authorization of the Legislature. The bill would make an appropriation by requiring the expenditure of continuously appropriated funds for these new purposes. The bill would repeal, codify, and revise the provisions relating to the Department of Finance report submitted to the Legislature prior to the execution of the prime vendor contract. The bill would authorize the State Public Works Board to issue bonds, notes, or certificates to finance up to $1,362,000,000 of the cost of the FISCal system, but would prohibit the board from issuing more than $38,000,000 of that amount until the Joint Legislative Budget Committee has provided notice of its approval of the Department of Finance report. The bill would make other technical changes to FISCal terminology. The bill would also repeal and add provisions authorizing the State Public Works Board to issue bonds, notes, or other obligations to finance the acquisition or construction of a public building, as specified, without substantive change. (2) This bill would declare that it is to take effect immediately as an urgency statute.