State Agencies and Revolving Funds
A new state budget does not need to be in place until next July 1st, however, state lawmakers have already started on the task.
A house interim committee is looking at the use of department revolving funds. Those are funds collected by the individual agencies. State Finance Director Preston Doerflinger called for more oversight.
Preston Doerfliger: "There are some good reasons for having revolving funds, but I think it is important that there is a methodology in place that allows the legislature and my agency to be able to do evaluations of those revolving funds."
Some agencies have been accused of sitting on cash surpluses, while asking the legislature for additional funding.