1999 Legislation
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SENATE BILL NO. 1248 – Approp, State Treasurer

SENATE BILL NO. 1248

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Daily Data Tracking History



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

Bill Text


S1248


                                                                        
 ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
Fifty-fifth Legislature                   First Regular Session - 1999
                                                                        

                                      IN 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 / Fiscal Impact



                                        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