FISCAL NOTE
Date Requested: February 10, 2020
Time Requested: 09:14 AM |
| Agency: |
Puchasing Division |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2891 |
Introduced |
HB4665 |
|
|---|
| CBD Subject: |
Appropriations |
|---|
|
FUND(S):
2264
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill reduces the Purchasing Division’s share of the P-card rebate from 15.5% to 10% and will cause a projected budget shortfall for the Purchasing Division of more than $350,000 in fiscal year 2021.
In the last few years, the Purchasing Division has experienced a significant decline in two other sources of revenue. The revenue generated from the vendor registration program has fallen by approximately $750,000 to $350,000 since the implementation of wvOASIS. Additionally, Surplus Property has seen its revenue decline significantly as a result of policies that have reduced the number of vehicles being retired in a given year.
When submitting the budget for fiscal year 2021, it was anticipated that the P-Card rebate funding would offset those recent losses.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2020
Increase/Decrease
(use"-") |
2021
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
-350,000 |
-350,000 |
| 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):
As noted above, this bill reduces the Purchasing Division’s special revenue funding by reducing the percentage of the P-Card rebate provided to the Purchasing Division from 15.5% to 10%.
This will create a budget shortfall in fiscal year 2021 for the Purchasing Division that could require a reduction in force in subsequent years.
Memorandum
The bill is not vague.
Person submitting Fiscal Note: Samantha Knapp
Email Address: Samantha.S.Knapp@wv.gov