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