FISCAL NOTE
Date Requested: February 25, 2022
Time Requested: 12:20 PM |
| Agency: |
Commerce, WV Dept of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2945 |
Introduced - Originating in Committee |
HB4840 |
|
|---|
| CBD Subject: |
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FUND(S):
Special Revenue
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.
The purpose of this bill is to create a support office for miners and mine operators within the Office of Miners Health, Safety and Training.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2022
Increase/Decrease
(use"-") |
2023
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 |
-1,380,000 |
-1,380,000 |
Explanation of above estimates (including long-range effect):
Over the past eight fiscal years the Office of Miners Health, Safety and Training has collected a total of approximately $11,043,000 in that eight year time frame which would average to about $1,380,000 each year on less revenue to the agency.
Memorandum
Fund 3355 has four filled positions for a total of $218,841 and two vacant that total $115,524 (estimated as that can change as the positions are filled) while the agency's General Revenue has vacancies budgeted at $1,042,188 so the agency should be able to absorb that those positions into their current General Revenue budget. The existing cash balance in Fund 3355 should remain with the agency in order to purchase vehicles and do other one-time expenses until the funds is depleted.
Person submitting Fiscal Note: Steve Meester
Email Address: Steve.Meester@wv.gov