COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 4173-01
BILL NO.: HB 1875
SUBJECT: State Auditor; Audit Costs
TYPE: Original
DATE: February 4, 2000
FISCAL SUMMARY
FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
General Revenue | $30,000 | $3,000 | $3,000 |
Total Estimated
Net Effect on All State Funds |
$30,000 | $3,000 | $3,000 |
FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
None | $0 | $0 | $0 |
Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
Local Government | ($30,000) | ($3,000) | ($3,000) |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Office of the State Auditor (SAU) assume the proposal would result in the collection of past-due accounts receivable of approximately $30,000 in revenues in FY 01 (based on collection of 50% of the approximately $60,000 currently past-due), and an estimated $3,000 in future years. This amount is based upon historical data regarding the annual number of delinquent petition audit accounts.
Officials from the Department of Revenue (DOR) and the Office of the State Treasurer (STO) assume the proposed legislation would have no fiscal impact on their agencies.
FISCAL IMPACT - State Government FY 2001 FY 2002 FY 2003
(10 Mo.)
GENERAL REVENUE FUND
Savings - Office of the State Auditor (SAU)
Monies withheld from political subdivisions,
municipalities, public bodies for unpaid
billings for petition audits $30,000 $3,000 $3,000
FISCAL IMPACT - Local Government FY 2001 FY 2002 FY 2003
(10 Mo.)
Costs
Withholdings for unpaid billings
for petition audit costs ($30,000) ($3,000) ($3,000)
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
The proposed legislation authorizes the State to withhold moneys otherwise due to a political subdivision if the subdivision does not pay the State Auditor for an audit that had been requested by the qualified voters of the political subdivision.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
This proposal would not affect Total State Revenues.
SOURCES OF INFORMATION
Office of the State Auditor
Department of Revenue
Office of the State Treasurer
Jeanne Jarrett, CPA
Director
February 4, 2000