Date Requested:February 09, 2005
Time Requested:08:32 AM
Agency: Corrections
CBD Number: Version: Bill Number: Resolution Number:
2005r24 intro SB64
CBD Subject: incremental salary increase
FUND(S)
Sources of Revenue
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary

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

    The Division of Corrections has expended $571,800.00 year to date in Fiscal Year 2005. Therefore, an additional $696,682.00 including associated benefits, will be required to fund this legislation in Fiscal Year 2006 and subsequent years.
Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")		 2006
Increase/Decrease
(use"-")		 Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 696,682 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
3. Explanation of above estimates (including long-range effect):
    FY 2006
    Year to date expenditures @ $50.00 per year per employee = $571,800.00
    
    Additional required to increase to $100.00 per year per employee = $571,800.00
    
    Worker's Comp $571,800.00 x .0369 = $21,100.00
    Retirement $571,800.00 x .105 = $60,039.00
    Social Security $571,800.00 x .0765 = $43,743.00
    
    TOTAL needed to fund annually = $696,682.00

Memorandum
Person submitting Fiscal Note:
Loita Butcher - WV Division of Corrections
Email Address:
butchl@mail.wvnet.edu