FISCAL NOTE
Date Requested: February 04, 2016 Time Requested: 02:42 PM |
Agency: |
Development Office |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1109 |
Introduced |
SB325 |
|
CBD Subject: |
Economic Development |
---|
|
FUND(S):
0256
Sources of Revenue:
General Fund
Legislation creates:
A New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This fiscal note and suggestion relfects only the establishment and administration of the Community Sustainability Investment Pilot program under the Community Development Division of the Development Office. This fiscal note does not reflect the expenses of specific consultation or expertise of professionals that may be required to ensure the efficacy of an application and proposed project.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2016 Increase/Decrease (use"-") |
2017 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
135,550 |
125,550 |
Personal Services |
0 |
100,350 |
100,350 |
Current Expenses |
0 |
25,200 |
25,200 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
3,000 |
0 |
Other |
0 |
7,000 |
0 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Resident Data Sources
Consulted with Budget/Payroll and Human Resources along with past data of similar programs to arrive at expenses.
Explanation of above estimates:
Personal Services:
1 CD Specialist / 1 Secretary: Total Salary $74,330.00
Benefits for two positions: $26,020.00
Total: $100,350.00
Current Expenses:
Hospitality for Board Meetings: 6 Meetings at year Minimum. 2,000.00 per meeting:
* $12,000.00
Rental Expense for Development Office: *$2,000.00 per year
Misc. Office Supplies Including Paper, Postage Etc.: *$2,500.00 Per Year
Computer Maintenance $1500.00 per year (license and maintenance fee would apply for the year)
Board Travel: $1200.00 per meeting: x 6 = $7,200.00 Total per year
Memorandum
These expenses would be applicable with direct administration integration within the Division of Community Development in the West Virginia Development Office. The costs would be significantly higher if a new division were to be created, however this particular program can fall in administrative line with similar programs such as Community Participation and also the Neighborhood Investment Program.
A suggestion would be to put the Director of the Office of Technology on the board with the responsibilities of approving the validity of any technology applications.
This fiscal note and suggestion reflects only the establishment and administration of the Community Sustainability Investment Pilot program under the Community Development Division of the Development Office. This fiscal note does not reflect the expenses of specific consultation or expertise of professionals that may be required to ensure the efficacy of an application and proposed project.
Additional costs for outside services that may need to be obtained would include duties such as:
Review of applications
Recommendations for committee use
Consultation on project invoices so to ensure match of the original scope of work
Field inspections to verify work with scope if needed
Person submitting Fiscal Note: Kimberly DeMorato
Email Address: kimberly.l.demorato@wv.gov