State officials reviewing the $54 million stash of cash in the parks department said Friday that they found an additional $233 million in reserves in 18 other funds — money that agencies failed to report to state budget officials.
They emphasized that, unlike with the parks department, there was no indication that the others had intentionally hidden money. They attributed the underreporting to accounting errors.
“This makes it clear there are no other hidden pots of money,” Finance Director Ana Matosantos said. “There are accounting differences, there are treatment differences, but there are not other hidden assets type circumstances in other departments.”
The parks discovery resulted in the resignation last month of director Ruth Coleman, who threatened to close 70 parks to save $22 million — while her department sat on the reserve she said she didn’t know about. The discovery of the money came at a sensitive time for Gov. Jerry Brown as he seeks voter approval of a tax increase in November.
Department of Finance Spokesman H.D. Palmer said accounting errors and hidden funds have a vastly different effect on the budget process.
He said many of the errors revealed in the review, including a $113.3 million underreporting of money in a recycling fund, were addressed before the budget process ended and that most of the others would not have had an effect on the budget process.