FUND(S):



Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    
    WV Correctional Industries is a special revenue fund, completely self-sufficient, receiving no appropriated funds. The fiscal impact will not be detrimental to the operations of WV Correctional Industries. WV Correctional Industries must maintain a cash balance of approximately $2 million for daily and routine operations. WV Division of Corrections will offset operational costs with the excess funds from WV Correctional Industries. It is projected that $200,000 will be available for transfer from WV Correctional Industries to WV Division of Corrections this fiscal year.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2012
Increase/Decrease
(use"-")
2013
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    



Memorandum


    



    Person submitting Fiscal Note: Loita Butcher
    Email Address: loita.c.butcher@wv.gov