FISCAL NOTE
Date Requested: January 25, 2022
Time Requested: 03:56 PM |
| Agency: |
School Building Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1062 |
Introduced |
HB4378 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund SBA Receives Federal Funds (FEMA) for 2 FTE's
Legislation creates:
Creates New Expense, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
Moving the School Building Authority (SBA) under the Department of Education (DOE) will bring about an increase in rent expenses for the DOE of $39,800 monthly which equates to $476,000 annually. This is based on the Department of Administration, General Services Division rent rate for DOE. These rates are subject to change annually.
Although the SBA's assets are estimated to total $800,000, those funds would be lost in the cost of rent expenses after almost two years. Thus, the ongoing expense annually would be $476,000.
Should the SBA staff remain in the facility where they are currently located, the expenses associated with needing to change all contracts/grant awards/facilities maintenance/asset management/legal would need reissued/bid/negotiated to include the new organizational structure, according to the Attorney General. The estimated costs associated with this are far too great to determine at this time.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2022
Increase/Decrease
(use"-") |
2023
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
39,800 |
477,600 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
39,800 |
477,600 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
800,000 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Please see the above in Fiscal Note Summary.
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.
Nothing to report at this time. However, we will continue to monitor this and any substantive changes that may impact the SBA or DOE.
Person submitting Fiscal Note: Jordan L. Kirk
Email Address: Jordan.L.Kirk@wv.gov