| Date Requested:January 23, 2007 Time Requested:01:01 PM |
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| FUND(S) 0101 | |||
|---|---|---|---|
Sources of Revenue | |||
| General Fund | |||
Legislation creates:
A New Program | |||
Effect this measure will have on costs and revenues of state government.
| Passage of HB 2446 will create a new state office within the Governor's Office. No special revenue source or statutory authority to generate revenue is provided for in HB2446, therefore the cost of this new office will be fully supported by a general revenue appropriation.
Estimated total cost for the first full year of operation is $475,000, and $400,000 every year thereafter. |
| Over-all effect |
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2007 Increase/Decrease (use"-") |
2008 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) | |
| 1. Estmated Total Cost | 0 | 475,000 | 475,000 |
| Personal Services | 0 | 272,800 | 272,800 |
| Current Expenses | 0 | 152,200 | 152,200 |
| Repairs and Alterations | 0 | 15,000 | 15,000 |
| Assets | 0 | 353,000 | 35,000 |
| Other | 0 | 0 | 0 |
| 2. Estimated Total Revenues | 0 | 0 | 0 |
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3. Explanation of above estimates (including long-range effect):
The financial data provided assumes that HB 2446 will be effective July 1, 2007. Therefore no FY07 expenditures are projected.
The first full year of operation of the proposed Office would be FY08. It is assumed that during the first year, start-up costs will include the purchase of computers, office furniture, and equipment such as copiers, fax machines, etc. Subsequent years' expenditures are reduced by approximately $70,000 per year, which represents a reduction in equipment, building repairs and alterations expenditures, and initial training and development costs. No Administrative costs are reflected in the estimated expenditures. Administrative support is projected to be provided by the current administrative staff of the Governor's Office. Listed below is a detail of the first full year (Year 1) and estimated subsequent years' (Year 2 & thereafter) expenditures: Year 1 Year 2 & thereafter Personal Services Coordinator 90,000 90,000 Personal Secretary 30,000 30,000 Special Assistants(2) 100,000 100,000 Total Personal Services 220,000 220,000 Employee Benefits 52,800 52,800 Current Expense 152,200 126,800 Repairs & Alterations 15,000 1,000 Fixed Assets 35,000 0 TOTAL ANNUAL 475,000 405,600 |