Financial Information System for California.

Existing law, the Financial Information System for California (FISCal) Act, provides for FISCal, a single, integrated financial management system for the state, and specifies that the Legislature intends for the system to meet specified objectives, including to replace the state's legacy financial management systems and eliminate fragmented and diverse reporting by implementing standardized financial management processes and systems across all departments and control agencies. Existing law establishes the Department of FISCal and specifies that, upon the acceptance of the system by the state, as determined by the Director of Finance, the Department of FISCal shall be within the Government Operations Agency and shall supersede the FISCal project office and perform all administration, maintenance, and operation of the system. This bill, on and after January 1, 2024, and until January 1, 2028, would require the FISCal project office to include certain information in its annual report to the Legislature, including the number and length of unplanned outages that occurred during normal business hours and the number of requests for changes to the FISCal system by entities that reported concerns with using FISCal to meet federal requirements, as specified. By January 1, 2024, the bill would require the Government Operations Agency to contract for independent verification and validation services for FISCal.