FISCAL NOTE
FUND(S):
General, Federal, Special, State Road, Lottery
Sources of Revenue:
General Fund,Special Fund,Other Fund Fed, State Road, Lottery
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The proposed Increment Salary Increase from $60.00 for qualified years to $120.00 for qualified years would require the state to increase appropriations for General and Special Revenue Fund(s) (Federal, State Road and Lottery) from $23.6 Million for Increment Pay - Activity (004) to approximately $47.2 Million, an increase of $23.6 Million and related Employee Benefits - Activity (s) (010-099) from $4.3 Million to approximately $8.6 Million, an increase of $4.3 Million. The total anticipated expenditure of approximately $55.8 Million.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2011
Increase/Decrease
(use"-") |
2012
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
27,919,264 |
55,838,527 |
| Personal Services |
0 |
23,618,761 |
47,237,522 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
4,300,503 |
8,601,006 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The above cost will be an ongoing expense to state government each July, successive years expenses will increase slightly as employees meet the three year minimum qualification and as each formerly qualified employee completes another year of service and qualified employees retire. The change from FY 2010 to FY 2011 for all fund categories increased by less than $50,000.
The above figures include employee benefits of FICA/Medicare 7.65%, PERS 14.5% and Workers Compensation of 1%.
The break down for Fund Category per PIMS for Disbursement in FY 2011 is currently:
General Revenue $8,676,165
Federal Funds $1,634,884
Special Revenue App $2,053,984
Special Revenue NonApp $6,529,268
State Road Fund $4,510,992
Lottery Funds $136,419
PIMS Actual Disbursements and Transfers Out: $23.6 Million
The break down for Fund Category per PIMS for Annual Increment Budgeted is currently:
General Revenue $12,101,044
Federal Funds $3,274,982
Special Revenue App $2,592,926
Special Revenue Non App $7,382,041
State Road Fund $4,244,862 (combined distributions)
Lottery Funds $183,916
Total budgeted in PIMS for FY 2011: $26.2 million
The estimated necessary increases in appropriation:
General Revenue $6.0 Million
Federal Funds $10,000
Special Revenue App $1.5 Million
Special Revenue NonApp $5.7 Million
State Road Fund $4.8 Million
Lottery Funds $88,000
Total estimated increase in current appropriations for Increment $18.1 Million (not including excess for unforseen expenditures).
Total estimated increase in appropriations for Employee Benefits $4.3 Million
Memorandum
Tha above calculations include the increase for Public Employees Retirement from 12.5% to 14.5%. Calculations are based on WVFIMS reports and PIMS reports for FY 2010 and FY 2011 for indicated filled positions of FTE's equal to 23,865 and filled position budgeted Increment of $20,883,450.
Person submitting Fiscal Note: Charles Perdue
Email Address: charles.perdue@wvsao.gov