FISCAL NOTE
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
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 |
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