FISCAL NOTE

Date Requested: January 24, 2018
Time Requested: 11:43 AM
Agency: Technology, WV Office of
CBD Number: Version: Bill Number: Resolution Number:
2060 Introduced SB355
CBD Subject: Finance and Administration


FUND(S):

2220 & 2531

Sources of Revenue:

Special Fund

Legislation creates:





Fiscal Note Summary


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


    The proposed legislation will not affect the states revenue; however, it will allow for cost savings through the elimination of the Director of IS&C position and reduction of the special revenue appropriated budget.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2018
Increase/Decrease
(use"-")
2019
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 -814,976 -814,976
Personal Services 0 -120,000 -120,000
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 -694,976 -694,976
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    
    The proposed legislation would result in savings of $120,000 for the salary and benefits of the Director of IS&C position and $694,976 in reduced appropriated special revenue spending authority, because of OT adopting the IS&C budget.
    



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.



    Person submitting Fiscal Note: Justin T. McAllister
    Email Address: justin.t.mcallister@wv.gov