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 purpose of this bill is to amend and reenact §18-9-3a of the Code of West Virginia, 1931, as amended, relating to publication of financial statements by county boards of education; providing that only a notice of availability of the statement be published; and providing that the cost of publishing the notice be paid from the board’s general fund.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 -178,674 -178,674
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 -178,674 -178,674
2. Estimated Total Revenues 0 0 0

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

    There are no savings to the State of WV under this proposal as the cost of publishing the financial statements is borne by the county boards of education. Based on a survey of chief school business officials, the estimated savings to the county boards of education is $178,674 annually. The most recent publication of financial statements cost the county boards of education $184,834, and the estimated cost to publish only the notice of availability is only $6,160.



    Person submitting Fiscal Note: Brenda Freed
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