FISCAL NOTE
Date Requested: January 25, 2024
Time Requested: 05:37 PM |
| Agency: |
Secretary of State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3063 |
Introduced |
HB5169 |
|
|---|
| CBD Subject: |
Real and Personal Property |
|---|
|
FUND(S):
TBD
Sources of Revenue:
Other Fund TBD
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
We will need to create new forms, have our IT department update our database to be able to support this type of filing, and train our Business Division. A total breakdown of these costs are below.
This bill does not provide information regarding how much it will cost the customer for each filing submitted, therefore we are unable to say if this will generate income. With the current information available, it appears that this would create expenses for our office.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
4,700 |
0 |
0 |
| Personal Services |
4,700 |
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):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Start up costs
IT Department time in updating Database to support this change - $2500
Staff time in form creation - $100
Director's time in training staff and collaboration with IT on database development - $1600
Business Division Staff time for training - $500
Ongoing costs
We are unable to determine the ongoing expenses with the current information given.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
The Secretary of State's office will need to know how much to charge for each filing and what fund those fees will be assigned to in order to give a more accurate estimate on revenue.
Person submitting Fiscal Note: Sarah VanKirk
Email Address: svankirk@wvsos.gov