|Date Requested:January 19, 2012
Time Requested:02:42 PM
| 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.
| Original response has been amended to include only an Executive Director and 1 Administrative Assistant)
Passage of this bill will cause an increase in general revenue expenditures for the cost of establishing the office, Executive Director and staff. Even though the bill creates a Special Revenue fund, the "Minority Affairs Fund", it does not establish a revenue stream. No fees, taxes or other source of new revenue is authorized or established under the bill. The source of funding for start-up costs is not identified, thus it must be assumed that a Legislative Appropriation would cover the initial operating expenses, and every year thereafter.
The primary source of funding for any and all expenditures (for other than the Executive Director and Administrative Assistant) would be gift, 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 activities. 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||676,000||661,000||661,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||676,000||661,000||661,000|
3. Explanation of above estimates (including long-range effect):
Original submission amended to reduce staff to Exec. Director plus 1 Admin. Secretary.
Cost estimates assume effective date of July 1, 2012. First full year of implementation would be FY2013. FY2013 estimate reflects cost of 1 Executive Director @ 70,000, 1 Admin. Secretary @ 30,000, plus 30% Employee Benefits; plus cost of furniture and equipment, office space, travel & training for 2 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 Special Revenue as defined in the bill.
Total Estimated Revenues assumes $500,000 in Special Revenue to support programs, and remainder in General Revenue appropriation to support the office staff.