FISCAL NOTE
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