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H0217.....................................................by APPROPRIATIONS
STATE ACCOUNTS - Amends existing law to provide that error corrections
resulting from a fiscal year's activities in state accounts, as to
appropriations, may be recorded by the State Controller without legislative
authorization in the following fiscal year, provided the corrections do not
exceed $500,000 and are recorded within six months of the end of the fiscal
year; and to provide that corrections exceeding $500,000 or discovered more
than six months after the end of the fiscal year shall be approved by the
Legislature.
02/14 House intro - 1st rdg - to printing
02/15 Rpt prt - to 2nd rdg
02/16 2nd rdg - to 3rd rdg
02/19 3rd rdg - PASSED - 65-0-5
AYES -- Barraclough, Barrett, Bedke, Bell, Bieter, Black, Boe, Bolz,
Bradford, Bruneel, Campbell, Chase, Clark, Collins, Cuddy, Deal,
Ellis, Ellsworth, Eskridge, Field(13), Field(20), Gagner, Gould,
Hadley, Harwood, Henbest, Higgins, Hornbeck, Jaquet, Jones, Kellogg,
Kendell, Kunz, Lake, Langford, Loertscher, Mader, Marley, McKague,
Meyer, Montgomery, Mortensen, Moss, Moyle, Pischner, Pomeroy,
Raybould, Ridinger, Roberts, Robison, Sali, Schaefer, Sellman,
Shepherd, Smith, Smylie, Stevenson, Stone, Swan, Tilman, Trail,
Wheeler, Wood, Young, Mr. Speaker
NAYS -- None
Absent and excused -- Callister, Crow, Denney, Hammond, Pearce
Floor Sponsor -- Bell
Title apvd - to Senate
02/20 Senate intro - 1st rdg - to Fin
02/21 Rpt out - rec d/p - to 2nd rdg
02/22 2nd rdg - to 3rd rdg
03/08 3rd rdg - PASSED - 35-0-0
AYES -- Andreason, Boatright, Branch(Bartlett), Brandt, Bunderson,
Burtenshaw, Cameron, Danielson, Darrington, Davis, Deide, Dunklin,
Frasure, Geddes, Goedde, Hawkins, Ingram, Ipsen, Keough,
King-Barrutia, Lee, Lodge, Noh, Richardson, Risch, Sandy, Schroeder,
Sims, Sorensen, Stegner, Stennett, Thorne, Wheeler, Whitworth,
Williams,
NAYS -- None
Absent and excused -- None
Floor Sponsor -- Bunderson
Title apvd - to House
03/09 To enrol
03/12 Rpt enrol - Sp signed
03/13 Pres signed
03/14 To Governor
03/19 Governor signed
Session Law Chapter 60
Effective: 07/01/01
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 217
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 RELATING TO THE STATE CONTROLLER; AMENDING SECTION 67-3604, IDAHO CODE, TO
3 PROVIDE THAT ERROR CORRECTIONS RESULTING FROM A FISCAL YEAR'S ACTIVITIES
4 IN STATE ACCOUNTS AS TO APPROPRIATIONS MAY BE RECORDED BY THE STATE CON-
5 TROLLER WITHOUT LEGISLATIVE AUTHORIZATION IN THE FOLLOWING FISCAL YEAR,
6 PROVIDED THE CORRECTIONS DO NOT EXCEED FIVE HUNDRED THOUSAND DOLLARS AND
7 ARE RECORDED WITHIN SIX MONTHS OF THE END OF THE FISCAL YEAR AND TO PRO-
8 VIDE CORRECTIONS EXCEEDING FIVE HUNDRED THOUSAND DOLLARS OR DISCOVERED
9 MORE THAN SIX MONTHS AFTER THE END OF THE FISCAL YEAR SHALL BE APPROVED BY
10 THE LEGISLATURE.
11 Be It Enacted by the Legislature of the State of Idaho:
12 SECTION 1. That Section 67-3604, Idaho Code, be, and the same is hereby
13 amended to read as follows:
14 67-3604. CLOSING ACCOUNTS BY STATE CONTROLLER. The state controller shall
15 close his accounts as to all appropriations on the day following the close of
16 each fiscal year, and transfer all balances unencumbered at the close of busi-
17 ness on the preceding day to the accounts from which such appropriations are
18 severally made. Error corrections resulting from a fiscal year's activities
19 may be recorded without legislative authorization in the following fiscal
20 year, provided the corrections do not exceed five hundred thousand dollars
21 ($500,000) and are recorded within six (6) months of the end of the fiscal
22 year. Corrections exceeding five hundred thousand dollars ($500,000) or dis-
23 covered more than six (6) months after the end of the fiscal year shall be
24 approved by the legislature.
STATEMENT OF PURPOSE
RS 10899
This bill simply clarifies year-end closing procedures for the State Controller
by providing guidelines for the handling of error corrections.
The bill provides that certain errors which are discovered at
year-end closing may be corrected administratively by the State
Controller without Legislative authorization as long as the amount
does not exceed $500,000 and the correction is recorded within six
months of the close of the fiscal year. Currently there are no
defined limits in terms of fiscal impact or timetable for routine
accounting corrections. This bill would tighten up the process and
define those administrative limits.
FISCAL NOTE
There is no fiscal impact.
Contact: Dave Tolman, Division of Financial Mgmt.
Jeff Youtz, Legislative Services Office
Larry Kirk, Legislative Services Office
STATEMENT OF PURPOSE/FISCAL NOTE H 217