Author Topic: California officials now unsure of size of hidden fund for off-road parks  (Read 786 times)

Offline Peter Vahry

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California officials now unsure of size of hidden fund for off-road parks
By Matt Weiser
mweiser@sacbee.com
Published: Saturday, Sep. 1, 2012 - 12:00 am | Page 1A

The amount of money hidden by California state parks officials in one of two special funds has suddenly become unclear, preventing the Legislature from spending the money to repair and reopen parks.

 The amount of money hidden by California state parks officials in one of two special funds has suddenly become unclear, preventing the Legislature from spending the money to repair and reopen parks.

A dedicated pot of money known as the Off Highway Vehicle Trust Fund holds the majority of the "hidden assets" that officials at the state Department of Parks and Recreation kept off the books when they filed annual reports with the Department of Finance.

When the scandal was first reported by The Bee on July 20, officials in the administration of Gov. Jerry Brown reported that the hidden assets totaled $54 million. The OHV fund held about $34 million, and the balance of $20 million was in the State Parks and Recreation Fund.

Unlike general government spending for basics such as payroll and paper clips that are covered by the state's general fund, these special funds collect revenue generated at the parks themselves, through entrance fees, souvenir sales and other site-specific sources. The OHV fund serves the state's eight parks dedicated to off-road vehicle enthusiasts, as well as grants for trail projects elsewhere. The State Parks and Recreation Fund helps cover operating costs at the state's 270 other parks.

Read the full article....http://www.sacbee.com/2012/09/01/4777548/california-officials-now-unsure.html
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