- Associated Press - Thursday, January 5, 2017

SACRAMENTO, Calif. (AP) - California’s auditor says an effort to streamline accounting for state agencies is behind schedule and the cost has increased $237 million in two years.

Elaine Howle says in a report Thursday that the program faces numerous scheduling challenges. For example, some employees would need to work more than 160 hours in a week to finish the project on time.

The Financial Information System for California is now scheduled to finish in 2019 at an estimated cost of more than $900 million. The auditor’s report warns that both estimates could be too ambitious.

The so-called Fi$Cal program launched in 2005 to move most state agencies to the same financial management system.

Project director Miriam Ingenito tells the Sacramento Bee that Fi$Cal is on track to meet its remaining milestones.

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