--%>

Explain Continuously Vacant Positions

Continuously Vacant Positions: On July 1, the positions which were continuously vacant for six successive monthly pay periods throughout the prior fiscal year are abolished by the State Controller's Office. The six successive monthly pay periods might take place entirely in one fiscal year or among two consecutive fiscal years. Exceptions to this rule are positions except from civil service and in structional place authorized for the California State University.

The Department of Finance might authorize the reestablishment of positions in situations where the vacancies were (a) due to a hiring freeze, (b) the department contains diligently attempted to fill the position however was unable to finish all steps to fill the position in six months, (c) the position is established to be hard-to-fill, (d) the place has been designated as a management position for the purpose of collective bargaining and has been held vacant pending the appointment of the director or other chief executive officer of the department as portion of the transition from one Governor to the succeeding Governor, or, (e) late ratification of the budget causes the department to stoppage filling the position, and the Department of Finance agrees an agency’s written appeal to carry on the positions. In addition, departments might self-certify reestablishments by August 15 for the positions that meet specified circumstances throughout the vacancy period.

By October 15 of each and every year, the State Controller’s Office is needed to notify the Joint Legislative Budget Committee and the Department of Finance of the continuously vacant positions recognized for the prior fiscal year.

   Related Questions in Finance Basics

  • Q : Describe the financial leverage effect

    Describe the financial leverage effect and what causes it? Explain the potential benefits and negative consequences of high financial leverage? Financial leverage is the additional volatility of overall income caused through the presence of fix

  • Q : Explain Fiscal Committees Fiscal

    Fiscal Committees: The committees of members in every house of the Legislature which review the fiscal impact of proposed legislation, comprising the Budget Bill. Presently, the fiscal committees comprise the Senate Budget and Fiscal

  • Q : State Section 8.50 Section 8.50 : The

    Section 8.50: The Control Section of Budget Act gives the authority to raise federal funds expenses authority.

  • Q : In which ratios long-term bond investor

    Which ratios would a potential long-term bond investor is most interested in? Describe. Current & potential lenders of long-term funds, such like banks & bondholders, are interested in debt ratios.  While a business's debt ratios ri

  • Q : Association of net present value to

    Normal 0 false false

  • Q : Examples of high debt levels companies

    Give two instances of types of companies which would be best able to handle high debt levels.Companies which handle local telephone service and those which handle natural gas delivery to consumers would be assumed to comfortably be able to handl

  • Q : Translate enterprise value in net

    Describe the adjustments essential to translate enterprise value to the net present value of common equity.To get the value of the company's common stock, add up the value of the firm's present assets to the enterprise value (this generates the

  • Q : Explain the role of a dealer in the OTC

    Normal 0 false false

  • Q : Why riskiness of portfolios is

    Normal 0 false false

  • Q : Effect of merger activity in the

    How has the merger activity in the past decade influenced the concentration of assets in the banking industry? Over the last decade, the number of commercial banks declined through twenty-one percent and the averag