Date Requested: January 31, 2018
Time Requested: 01:17 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
1910 Introduced HB4374
CBD Subject: Finance and Administration



Sources of Revenue:

General Fund

Legislation creates:

Increases Existing Expenses

Fiscal Note Summary

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

House Bill 4374, if enacted, would provide a mechanism for the independent evaluation of the Legislative Auditor’s biennium revenue estimates by West Virginia and Marshall universities’ business colleges. It is estimated that these universities would expend about $8,000 in total biannually to comply with the provisions of this bill.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 8,000 8,000
Personal Services 0 8,000 8,000
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):

It is projected that an existing employee at each university would work about two weeks to produce the reports required by this legislation. The approximate annual salary for each employee is about $82,000 and the anticipated fringe benefits costs are about 23 percent of the salary amounts. For a two week period, the salary would cost about $3,200 and the associated fringe benefits would be about $725.


    Person submitting Fiscal Note: Ed Magee
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