Agencies did not divulge all their reserves to bean counters; errors are blamed
By Matt Clark and Michael Gardner
1:06 p.m., Aug. 3, 2012
Updated 7:01 p.m.
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.
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