FISCAL NOTE
Date Requested: February 10, 2021
Time Requested: 05:04 PM |
| Agency: |
Commerce, WV Dept of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1665 |
Introduced |
SB86 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
General Revenue
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense
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.
This Bill would require an Administrator for the Office who then may appoint staff. We are submitting this fiscal note for a total of three staff members, including the Administrator.
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 |
195,500 |
195,500 |
| Personal Services |
0 |
175,500 |
175,500 |
| Current Expenses |
0 |
20,000 |
20,000 |
| 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):
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.
Increase by 3.00 Total FTE, one Administrator and two assistants.
We are estimating $130,000 in total salaries plus benefits of $45,500 for a total of $175,500 for Personal Services and Benefits.
The $20,000 for Current Expenses is a modest figure for supplies, equipment, travel and miscellaneous expenses for an office of three.
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.
N/A
Person submitting Fiscal Note: Steve Meester
Email Address: Steve.Meester@wv.gov