FISCAL NOTE
Date Requested: January 20, 2015 Time Requested: 03:29 PM |
Agency: |
Highways, Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2188 |
Introduced |
SB8 |
|
CBD Subject: |
Roads and Transportation |
---|
|
FUND(S):
Departmental budget's employee account reserve due to unfilled positions
Sources of Revenue:
Other Fund State Road Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to require an independent audit be done for performance and efficiency in the Division of Highways. The legislation states the cost shall not exceed $500,000. The exact costs are unknown as it would depend on the number of individuals working on the audit, the length of time to complete, and the complexity of the audit.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2015 Increase/Decrease (use"-") |
2016 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
500,000 |
500,000 |
500,000 |
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):
Contracts for audits are generally reviewed based on an hourly rate for the number of individuals performing the audit. Therefore at this time, Division of Highways does not have knowledge as to the total spent upon completion of the audit.
Memorandum
Person submitting Fiscal Note: Lorrie Hodges
Email Address: lorrie.a.hodges@wv.gov