California AB2425 mandates annual budget reports from the Department of Financial Protection and Innovation.

California AB2425 requires the Department of Financial Protection and Innovation to submit annual budget reports to specified legislative committees. These reports must detail projected and actual revenues and expenditures for the preceding fiscal year, categorized as exam or nonexam revenues. The first report is due by February 1, 2027, with subsequent reports due by March 1 each year. The bill also mandates that the method of determining assessments and charges for divisions issuing and collecting assessments on a pro rata basis be included in these reports.

California AB2425 mandates annual budget reports from the Department of Financial Protection and Innovation.

California AB2425 requires the Department of Financial Protection and Innovation to submit annual budget reports to specified legislative committees. These reports must detail projected and actual revenues and expenditures for the preceding fiscal year, categorized as exam or nonexam revenues. The first report is due by February 1, 2027, with subsequent reports due by March 1 each year. The bill also mandates that the method of determining assessments and charges for divisions issuing and collecting assessments on a pro rata basis be included in these reports.