FISCAL NOTE

Date Requested: March 09, 2021
Time Requested: 03:59 PM
Agency: Fairmont State University
CBD Number: Version: Bill Number: Resolution Number:
1755 Introduced HB2805
CBD Subject: Education (Higher)


FUND(S):

Existing General and Special Revenue Funds

Sources of Revenue:

Other Fund Affects both General and Special Funds

Legislation creates:





Fiscal Note Summary


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


Based on current legislation, it is anticipated that initially this measure will have a zero-sum effect on costs and revenues of state government. Upon full implementation and assessment, however, we anticipate a reduction of expenses through removal of duplicate systems, services and infrastructure.



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 0 0
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):


Above estimate values are zero due anticipated zero-sum effect on costs and revenues of state government. It is anticipated that all current revenues and expenses of Pierpont Community and Technical College, which include state appropriations recognized and expended through the general revenue fund and tuition and fee and other revenues recognized and expended through special revenue funds, would transfer to Fairmont State University. Due to the stipulations that may be required in the final legislation, we are unable to predict savings for FY22. Upon full implementation, although we are unsure how long this may take, we anticipate a reduction of expenses through removal of duplicate systems, services and infrastructure. It is anticipated that the savings will be reinvested in growth of existing programs, and additional support sought for such areas as Aviation Maintenance Technology, development of new programs and required facility and infrastructure upgrades in support of this growth and development.



Memorandum


Fairmont State University and Pierpont Community and Technical College both receive general revenues through state appropriations and have authority to collect special revenues through tuition and fees and other revenue sources. Therefore, funds under state department 0446 (Pierpont (0597,4831,4833,4834,4835,8842)) will be combined and closed out to those of department 0484 (Fairmont State University) utilizing existing state funds authorized for the revenue sources being combined, listed below: 0360 – Fairmont State University General Administration Fund (General Revenue) 4490 – Tuition and Required E&G Fees (Special Revenue) 4491 – Auxiliary and Auxiliary Capital Fees (Special Revenue) 4492 – Education and General Capital Fees (Special Revenue) 4495 – Gifts and Grants and Donations Non-Federal (Special Revenue) 8769 – Federal Grants and Contracts Fund (Special Revenue)



    Person submitting Fiscal Note: Christa Kwiatkowski
    Email Address: christa.kwiatkowski@fairmontstate.edu