FISCAL NOTE
Date Requested: March 09, 2021 Time Requested: 03:59 PM |
Agency: |
Fairmont State University |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1755 |
Introduced |
HB2805 |
|
CBD Subject: |
Education (Higher) |
---|
|
FUND(S):
Existing General and Special Revenue Funds
Sources of Revenue:
Other Fund Affects both General and Special Funds
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Based on current legislation, it is anticipated that initially this measure will have a zero-sum effect on costs and revenues of state government. Upon full implementation and assessment, however, we anticipate a reduction of expenses through removal of duplicate systems, services and infrastructure.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2021 Increase/Decrease (use"-") |
2022 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):
Above estimate values are zero due anticipated zero-sum effect on costs and revenues of state government. It is anticipated that monies appropriated by the Legislature to Pierpont Community and Technical College for community and technical education to be used exclusively for the delivery of academic programming in the Pierpont College of Community and Technical Education of Fairmont State University shall transfer to Fairmont State University. Due to the stipulations that may be required in the final legislation, we are unable to predict savings for FY22. Upon full implementation, although we are unsure how long this may take, we anticipate a reduction of expenses through removal of duplicate systems, services and infrastructure. It is anticipated that the savings will be reinvested in growth of existing programs, and additional support sought for such areas as Aviation Maintenance Technology, development of new programs and required facility and infrastructure upgrades in support of this growth and development.
Memorandum
Fairmont State University and Pierpont Community and Technical College both receive general revenues through state appropriations and have authority to collect special revenues through tuition and fees and other revenue sources. Therefore, funds under state department 0446 (Pierpont (0597,4831,4833,4834,4835,8842)) will be combined and closed out to those of department 0484 (Fairmont State University) utilizing existing state funds authorized for the revenue sources being combined, listed below:
0360 – Fairmont State University General Administration Fund (General Revenue)
4490 – Tuition and Required E&G Fees (Special Revenue)
4491 – Auxiliary and Auxiliary Capital Fees (Special Revenue)
4492 – Education and General Capital Fees (Special Revenue)
4495 – Gifts and Grants and Donations Non-Federal (Special Revenue)
8769 – Federal Grants and Contracts Fund (Special Revenue)
Person submitting Fiscal Note: Christa Kwiatkowski
Email Address: christa.kwiatkowski@fairmontstate.edu