State government: audits and contracts: reporting.

Existing law authorizes state agencies to contract on behalf of the state, and to terminate, amend, or modify the contract, as specified. Existing law requires the State Auditor to examine and report annually upon the financial statements prepared by the executive branch, and to perform audits that are mandated by statute. This bill would requires each state agency to post on the state's Reporting Transparency in Government Internet Web site, by February 15, 2011, every audit of its operations finalized between January 1, 2008, and December 31, 2010, and every contract entered with a total value of $5,000 or more entered into by a state agency between January 1, 2008, and December 31, 2010, and commencing January 1, 2011, post audit results on that site within 15 days of completion of an audit, and every contract with a value of $5,000 or more, entered into by a state agency. The bill would also require the Chief Information Officer, commencing January 1, 2011, to post specified information relating to new contracts entered into by a state agency, and would require the office of the Governor to post every statement of economic interest and travel and expense report of its staff, agency secretaries, department heads, and any official under the direct supervision of the Governor on the site.