FISCAL NOTE
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 at the end of 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