{"id":317,"date":"2018-01-24T10:23:47","date_gmt":"2018-01-24T18:23:47","guid":{"rendered":"http:\/\/kmwtech.com\/?page_id=317"},"modified":"2019-07-03T08:32:04","modified_gmt":"2019-07-03T15:32:04","slug":"fiscal","status":"publish","type":"page","link":"https:\/\/kmwtech.com\/fiscal\/","title":{"rendered":"FI$Cal"},"content":{"rendered":"

\"FI$Cal\"<\/a><\/p>\n

What is FI$Cal?<\/h1>\n

From FI$Cal<\/a>:<\/p>\n

The Financial Information System for California (FI$Cal) began as a business transformation project in 2005, and was formalized with a Memorandum of Understanding (MOU) signed in 2007 by the State Controller, the State Treasurer, and the Directors of the Departments of Finance and General Services.<\/p>\n

FI$Cal is one of the largest and most dynamic information technology (IT) undertakings in the history of the state. FI$Cal enables the State of California to combine accounting, budgeting, cash management, and procurement operations into a single financial management system. This eliminates the need for hundreds of independent legacy systems and state-entity-specific applications that support the state\u2019s internal financial management operations. FI$Cal provides more standardization, transparency, discipline, effectiveness, and efficiency for the state\u2019s crucial business processes. FI$Cal employs a robust change management program with extensive training and outreach activities to ensure the system\u2019s successful implementation.<\/p>\n

When completely implemented, more than 160 state entities and 15,000 end users will conduct the financial business of California with the FI$Cal system.<\/p>\n

In July 2016, FI$Cal was formally recognized as a new State of California department. The department is working toward full management and operation of its FI$Cal system.<\/p><\/blockquote>\n

From the Legislative Analyst’s Office<\/a>:<\/p>\n

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