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S1248............................................................by FINANCE
APPROPRIATIONS - STATE TREASURER - Appropriates $1,643,900 to the State
Treasurer for fiscal year 2000; provides that moneys assessed for State
Treasurer banking services be placed in the Indirect Cost Recovery Fund and
provides for transfers of moneys from the fund; provides that $341,400 is
to be used only for the payment of bank service fees; reappropriates
unexpended and unencumbered fund balance to be used for nonrecurring
expenditures; provides that $1,000 may be used to defray expenses
resulting from the discharge of the State Treasurer's official duties;
provides that the State Treasurer shall not pay for personnel costs from
any other funding sources outside of moneys appropriated for that purpose;
and limits the number of full-time equivalent positions to 17.
03/03 Senate intro - 1st rdg - to printing
03/04 Rpt prt - to Fin
03/04 Rpt out - rec d/p - to 2nd rdg
03/05 2nd rdg - to 3rd rdg
03/09 3rd rdg - PASSED - 31-0-4
AYES--Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
Crow, Danielson, Darrington, Davis, Deide, Dunklin, Frasure, Geddes,
Hawkins, Ingram, Keough, Lee, McLaughlin, Noh, Richardson, Riggs,
Risch, Sandy, Schroeder, Sorensen, Stegner, Stennett, Thorne,
Wheeler, Whitworth
NAYS--None
Absent and excused--Ipsen, King, Parry, Twiggs
Floor Sponsor - Camerob
Title apvd - to House
03/10 House intro - 1st rdg - to 2nd rdg
03/11 2nd rdg - to 3rd rdg
03/12 3rd rdg - PASSED - 62-1-7
AYES -- Alltus, Barraclough(Barraclough), Barrett, Bell, Bieter,
Black, Boe, Bruneel, Callister, Campbell, Chase, Clark, Crow, Cuddy,
Deal, Denney, Field(13), Field(20), Gagner, Geddes, Hadley, Hammond,
Hansen(23), Hansen(29), Henbest, Hornbeck, Jaquet, Jones, Judd,
Kellogg, Kempton, Kendell, Kunz, Limbaugh, Linford, Loertscher,
Mader, Marley, McKague, Montgomery, Mortensen, Moyle, Pomeroy,
Reynolds, Ridinger, Ringo, Robison, Sali, Schaefer, Sellman, Smith,
Smylie, Stevenson, Stoicheff, Stone, Taylor, Tilman, Tippets, Trail,
Wheeler, Wood, Zimmermann
NAYS -- Gould
Absent and excused -- Ellsworth, Lake, Meyer, Pischner, Watson,
Williams, Mr Speaker
Floor Sponsor - Wood
Title apvd - to Senate
03/15 To enrol - rpt enrol - Pres signed
03/16 Sp signed - to Governor
03/18 Governor signed
Session Law Chapter 94
Effective: 07/01/99
S1248|||| LEGISLATURE OF THE STATE OF IDAHO |||| Fifty-fifth Legislature First Regular Session - 1999IN THE SENATE SENATE BILL NO. 1248 BY FINANCE COMMITTEE 1 AN ACT 2 APPROPRIATING MONEYS TO THE STATE TREASURER FOR FISCAL YEAR 2000; PROVIDING 3 FOR THE RECOVERY OF BANKING SERVICES COSTS TO THE GENERAL FUND; AUTHORIZ- 4 ING AN AMOUNT FOR PAYMENT OF BANK SERVICE FEES; REAPPROPRIATING CERTAIN 5 UNEXPENDED AND UNENCUMBERED BALANCES TO THE STATE TREASURER; EXPRESSING 6 LEGISLATIVE INTENT WITH RESPECT TO CERTAIN EXPENDITURES; PROHIBITING THE 7 USE OF UNAPPROPRIATED FUNDS FOR PAYING PERSONNEL COSTS; AND LIMITING THE 8 NUMBER OF FULL-TIME EQUIVALENT POSITIONS. 9 Be It Enacted by the Legislature of the State of Idaho: 10 SECTION 1. There is hereby appropriated to the State Treasurer the fol- 11 lowing amounts, to be expended according to the designated expense classes 12 from the listed funds, for the period July 1, 1999, through June 30, 2000: 13 FOR FOR FOR 14 PERSONNEL OPERATING CAPITAL FOR 15 COSTS EXPENDITURES OUTLAY LUMP SUM TOTAL 16 FROM: 17 General Fund $789,700 $411,700 $2,000 $1,203,400 18 State Treasurer 19 LGIP Fund $170,800 170,800 20 Treasurer's 21 Office - 22 Professional 23 Services 24 Fund 269,700 269,700 25 TOTAL $789,700 $411,700 $2,000 $440,500 $1,643,900 26 SECTION 2. The moneys assessed by the Division of Financial Management in 27 accordance with Section 67-3531, Idaho Code, for State Treasurer banking ser- 28 vices shall be placed in the Indirect Cost Recovery Fund. On June 30, 2000, 29 the State Controller shall transfer the moneys in the Indirect Cost Recovery 30 Fund, up to a maximum of $1,203,400 to the state General Fund. 31 SECTION 3. Of the amount appropriated for Operating Expenditures in Sec- 32 tion 1 of this act, $341,400, or so much thereof as is necessary, is to be 33 used solely and only for the payment of bank service fees for the period July 34 1, 1999, through June 30, 2000, any other provisions of law notwithstanding. 35 SECTION 4. There is hereby reappropriated to the State Treasurer the 36 unexpended and unencumbered balance of any appropriation made to the State 37 Treasurer from the Treasurer's Office LGIP Fund or the Treasurer's Office - 38 Professional Services Fund for fiscal year 1999, to be used for nonrecurring 39 expenditures only for the period July 1, 1999, through June 30, 2000. 40 SECTION 5. It is legislative intent that an amount, not to exceed $1,000 2 1 of the amount appropriated in Section 1 of this act, may be used at the dis- 2 cretion of the State Treasurer to assist in defraying expenses relating to or 3 resulting from the discharge of the State Treasurer's official duties. Such 4 moneys shall be accounted for according to the provisions of Chapter 36, Title 5 67, Idaho Code, and Section 67-3516, Idaho Code. 6 SECTION 6. The State Treasurer shall not pay for personnel costs from any 7 other funding sources outside of the appropriations made for that purpose in 8 Section 1 of this act. 9 SECTION 7. In accordance with Section 67-3519, Idaho Code, the Office of 10 the State Treasurer is authorized no more than seventeen (17) full-time equiv- 11 alent positions at any point during the period July 1, 1999, through June 30, 12 2000, for the program specified in Section 1 of this act, unless specifically 13 authorized by the Governor. The Joint Finance-Appropriations Committee will be 14 notified promptly of any increased positions so authorized.
STATEMENT OF PURPOSE
RS08305
This is the fiscal year 2000 appropriation for the State Treasurer, in the amount of
$1,643,900.
FISCAL NOTE
FTP General Ded/Other Federal Total
FY 1999 Original Approp. 16.90 1,188,000 354,900 0 1,542,900
Reappropriation 0.00 0 47,300 0 47,300
FY 1999 Supplemental 0.00 4,600 0 0 4,600
FY 1999 Total Appropriation 16.90 1,192,600 402,200 0 1,594,800
Base Adjustments 0.00 (41,900) (85,300) 0 (127,200)
Other Adjustments 0.00 100 0 0 100
FY 2000 Base 16.90 1,150,800 316,900 0 1,467,700
Personnel Cost Rollups 0.00 0 0 0 0
Inflationary Adjustments 0.00 0 0 0 0
Replacement Items 0.00 2,000 4,000 0 6,000
Non-Standard Adjustments 0.00 400 100 0 500
Annualizations 0.00 4,700 0 0 4,700
Employee Compensation (CEC) 0.00 21,100 8,400 0 29,500
FY 2000 Maintenance (MCO) 16.90 1,179,000 329,400 0 1,508,400
Enhancements:
State Treasurer
1. New Bloomberg Terminal 0.00 0 15,000 0 15,000
5. Data Processing FTP 0.10 6,000 0 0 6,000
Increase
6. Cashflow Management 0.00 0 60,000 0 60,000
Software
7. Shift Personnel Costs Off 0.00 18,400 24,100 0 42,500
TAN
8. Continuing Education 0.00 0 8,000 0 8,000
9. Laptop Computer 0.00 0 4,000 0 4,000
FY 2000 Total Appropriation 17.00 1,203,400 440,500 0 1,643,900
Chg From Orig Approp. 0.10 15,400 85,600 0 101,000
%Chg From Orig Approp. 0.6% 1.3% 24.1% 0.0% 6.5%
This fiscal year 2000 appropriation for the State Treasurer totals $1,643,500.
Reappropriation shows unspent fiscal year 1998 dollars that were carried over into fiscal
year 1999. The FY 1999 Supplemental adds $4,600 to cover the cost of the State
Treasurer's pay increase, which took effect in January. Base Adjustments remove one-time
fiscal year 1998 moneys from the fiscal year 1999 budget. Program maintenance items in
the budget include $6,000 for Replacement Items, $500 for State Controller fee increases,
3% Change in Employee Compensation (CEC), and the cost of annualizing the State
Treasurer's pay increase. There are six enhancements funded in this budget. The first
provides dedicated funds for leasing a Bloomberg financial terminal for the new
Investment Assistant position authorized in FY 1999. The second enhancement provides
$6,000 in General Fund money to bring a Data Processing position up from 0.9 FTP to 1.0
FTP. The third provides $60,000 in dedicated funds to purchase cashflow management
software for the investment of state funds. The fourth provides $18,400 in General Fund
money and $24,100 in dedicated funds to end the State Treasurer's Office's practice of
supporting employee salaries with unappropriated funds from the Tax Anticipation Note
(TAN). Section 6 of this appropriation bill prevents this from happening again in the
future. The fifth enhancement provides $8,000 in dedicated funds for continuing
education for investment staff. The sixth enhancement provides $4,000 in dedicated funds
to purchase a laptop computer.
Contact: Jason Hancock 334-4739
Legislative Services Office
Budget & Policy Analysis