Date Requested: May 24, 2017
Time Requested: 01:37 PM
Agency: Auditor, State of WV
CBD Number: Version: Bill Number: Resolution Number:
4028 Introduced SB1010
CBD Subject: Governor -- Bills Requested By


FUND(S):

General / Special Revenue

Sources of Revenue:

General Fund Revenue comes from General Revenue / Appropriation - spending authority is in special revenue

Legislation creates:





Fiscal Note Summary


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


    The entire cost of the program administration is being absorbed by the WVSAO. No administration costs, personal services is being requested, passed on or otherwise requested in relation to this program.
    
    In order for WVSAO to maximize the program and couple of things need to happen:
    
    1. The General Revenue Appropriation 0116-83200 needs to included in the budget bill so that actual Revenue - Cash Balance is available to transfer to the Special Revenue Fund 1239 - 83200. On an agreed upon basis between the WVSAO and the Budget Office.
    
    2. The entirety of the FY2017 General Revenue Balance of roughly 1.5 million needs to be re-appropriated for FY 2018; or a Fund Transfer for the entire balance performed prior to June 30, 2017.
    
    It is estimated that the program will require the following Appropriations - Cash Balances available for Fund Transfer:
    
    FY 2018 1,000,000
    FY 2019 1,000,000
    FY 2020 1,000,000



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
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):


    The entire cost of the program administration is being absorbed by the WVSAO. No administration costs, personal services is being requested, passed on or otherwise requested in relation to this program.
    
    In order for WVSAO to maximize the program and couple of things need to happen:
    
    1. The General Revenue Appropriation 0116-83200 needs to included in the budget bill so that actual Revenue - Cash Balance is available to transfer to the Special Revenue Fund 1239 - 83200. On an agreed upon basis between the WVSAO and the Budget Office.
    
    2. The entirety of the FY2017 General Revenue Balance of roughly 1.5 million needs to be re-appropriated for FY 2018; or a Fund Transfer for the entire balance performed prior to June 30, 2017.
    
    It is estimated that the program will require the following Appropriations - Cash Balances available for Fund Transfer:
    
    FY 2018 1,000,000
    FY 2019 1,000,000
    FY 2020 1,000,000



Memorandum


    The entire cost of the program administration is being absorbed by the WVSAO. No administration costs, personal services is being requested, passed on or otherwise requested in relation to this program.
    
    In order for WVSAO to maximize the program and couple of things need to happen:
    
    1. The General Revenue Appropriation 0116-83200 needs to included in the budget bill so that actual Revenue - Cash Balance is available to transfer to the Special Revenue Fund 1239 - 83200. On an agreed upon basis between the WVSAO and the Budget Office.
    
    2. The entirety of the FY2017 General Revenue Balance of roughly 1.5 million needs to be re-appropriated for FY 2018; or a Fund Transfer for the entire balance performed prior to June 30, 2017.
    
    It is estimated that the program will require the following Appropriations - Cash Balances available for Fund Transfer:
    
    FY 2018 1,000,000
    FY 2019 1,000,000
    FY 2020 1,000,000



    Person submitting Fiscal Note: Charles Perdue
    Email Address: charles.perdue@wvsao.gov