California AB2425 mandates the Department of Financial Protection and Innovation to submit annual budget reports detailing revenues and expenditures.

California AB2425 requires the Department of Financial Protection and Innovation to submit annual budget reports to specified legislative committees. The first report is due by February 1, 2027, with subsequent reports due by March 1 each year. These reports must detail projected and actual revenues and expenditures for the preceding fiscal year, categorized into exam and nonexam revenues. Nonexam revenues include subcategories such as annual assessment revenue, fees, penalties, and income from the Surplus Money Investment Fund.

California AB2425 mandates the Department of Financial Protection and Innovation to submit annual budget reports detailing revenues and expenditures.

California AB2425 requires the Department of Financial Protection and Innovation to submit annual budget reports to specified legislative committees. The first report is due by February 1, 2027, with subsequent reports due by March 1 each year. These reports must detail projected and actual revenues and expenditures for the preceding fiscal year, categorized into exam and nonexam revenues. Nonexam revenues include subcategories such as annual assessment revenue, fees, penalties, and income from the Surplus Money Investment Fund.