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



ESTIMATED NET EFFECT ON STATE FUNDS
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



ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2001 FY 2002 FY 2003
None $0 $0 $0
Total Estimated

Net Effect on All

Federal Funds

$0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
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.





FISCAL ANALYSIS



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