|Date Requested:January 14, 2011
Time Requested:11:38 AM
| FUND(S) |
Sources of Revenue
|General Fund,Special Fund|
Legislation creates:A New Program,A New Fund
Effect this measure will have on costs and revenues of state government.
|Implementation of this bill will cause an increase in general revenue expenditures for the cost of the establishing the office, Executive Director and staff. Even though the bill creates a Special Revenue "Minority Affairs Fund", it does not establish a revenue stream. No fees, taxes or other sources of new revenue are authorized or established under the bill. The primary source of funding for any and all expenditures (for other than the Executive Director and staff) would be gifts, grants, bequests, transfers, or donations from individuals, firms, foundations, or corporations. All funds received would be used as matching funds to obtain federal funds for the delivery of programs and services to minorities, to award grants, loans and/loan guaranties for minority affairs programs and acitivies. Consequently, all special revenue received would be used for program administration and thus have a net zero impact on state revenues.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||816,500||791,500|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||500,000||500,000|
3. Explanation of above estimates (including long-range effect):
Cost estimates assume effective date of July 1, 2011. First Full Year of Implementation would be FY2012. FY2012 estimate reflects cost of 1 Executive Director @ $70,000, 1 Admin. Secretary @ $30,000, 1 Staff Attorney/Research Analyst @ $55,000, and 1 Minority Affairs Specialist @ $40,000, plus 30% Emp. Benefits; plus cost of furniture and equipment, office space, travel & training for 4 employees. Year 2 costs are reduced by the estimated cost of furniture and equipment (incurred during start-up).
"Other" expenditures include grants and/or loans to minority programs and activities, with the source of revenue being gifts, bequests, donations, etc. Net impact is an increase in General Revenue expenditures for the cost of the Office and staff.
| The bill does not clearly indicate any intent to establish a General Revenue Fund Appropriation to be used to support the Administration of this Office. If the Office is intended to be fully self-supporting, the fiscal impact would have a net zero affect on State Revenue and/or Expenditures.
Further, the Governor's Office has no Special Revenue Fund that could be used by/for this new Office, therefore as stated in the bill, a new "Minority Affairs Fund" would have to be established.