2007 Legislation
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SENATE BILL NO. 1194 – Approp, Finance Dept


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Bill Status

S1194............................................................by FINANCE
APPROPRIATIONS - DEPARTMENT OF FINANCE - Appropriates $5,139,800 to the
Department of Finance for fiscal year 2008; limits the number of full-time
equivalent positions to 52; directs the distribution of the funding for
employee compensation; and directs the allocation of salary savings.
03/06    Senate intro - 1st rdg - to printing
03/07    Rpt prt - to Fin
    Rpt out - rec d/p - to 2nd rdg
03/08    2nd rdg - to 3rd rdg
03/09    3rd rdg - PASSED - 35-0-0
      AYES -- Andreason, Bair, Bastian, Bilyeu, Broadsword, Burkett,
      Cameron, Coiner, Corder, Darrington, Davis, Fulcher, Gannon, Geddes,
      Goedde, Hammond, Heinrich, Hill, Jorgenson, Kelly, Keough, Langhorst,
      Little, Lodge, Malepeai, McGee, McKague, McKenzie, Pearce,
      Richardson, Schroeder, Siddoway, Stegner, Stennett, Werk
      NAYS -- None
      Absent and excused -- None
    Floor Sponsor - Werk
    Title apvd - to House
03/12    House intro - 1st rdg - to 2nd rdg
03/13    2nd rdg - to 3rd rdg
03/14    3rd rdg - PASSED - 69-0-1
      AYES -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black,
      Block, Bock, Boe, Bolz, Brackett, Bradford, Chadderdon, Chavez, Chew,
      Clark, Collins, Crane, Durst, Edmunson, Eskridge, Hagedorn, Hart,
      Harwood, Henbest, Henderson, Jaquet, Killen, King, Kren, Labrador,
      Lake, LeFavour, Loertscher, Luker, Marriott, Mathews, McGeachin,
      Mortimer, Moyle, Nielsen, Nonini, Pasley-Stuart, Patrick, Pence,
      Raybould, Ring, Ringo, Roberts, Ruchti, Rusche, Sayler, Schaefer,
      Shepherd(2), Shepherd(8), Shirley, Shively, Smith(30), Smith(24),
      Snodgrass, Stevenson, Thayn, Trail, Vander Woude, Wills, Wood(27),
      Mr. Speaker
      NAYS -- None
      Absent and excused -- Wood(35)
    Floor Sponsor - McGeachin
    Title apvd - to Senate
03/15    To enrol
03/16    Rpt enrol - Pres signed
03/19    Sp signed
03/20    To Governor
03/26    Governor signed
         Session Law Chapter 178
         Effective: 07/01/07

Bill Text

  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-ninth Legislature                   First Regular Session - 2007
                                       IN THE SENATE
                                    SENATE BILL NO. 1194
                                    BY FINANCE COMMITTEE
  1                                        AN ACT
  6    Be It Enacted by the Legislature of the State of Idaho:
  7        SECTION 1.  There is hereby appropriated to the Department of Finance  the
  8    following  amounts  to be expended according to the designated expense classes
  9    from the listed funds for the period July 1, 2007, through June 30, 2008:
 10                          FOR             FOR            FOR
 11                       PERSONNEL       OPERATING       CAPITAL
 12                         COSTS        EXPENDITURES     OUTLAY       TOTAL
 13    FROM:
 14    State
 15     Regulatory
 16     Fund              $3,616,200      $1,370,900     $102,700    $5,089,800
 17    Securities
 18     Investor
 19     Education and
 20     Training Fund         50,000                                     50,000
 21      TOTAL            $3,666,200      $1,370,900     $102,700    $5,139,800
 22        SECTION 2.  In accordance with Section 67-3519, Idaho Code, the Department
 23    of Finance is authorized no more  than  fifty-two  (52)  full-time  equivalent
 24    positions  at any point during the period July 1, 2007, through June 30, 2008,
 25    for the program specified in Section 1 of this act, unless specifically autho-
 26    rized by the Governor. The  Joint  Finance-Appropriations  Committee  will  be
 27    notified promptly of any increased positions so authorized.
 28        SECTION  3.  Agencies  and  institutions  shall distribute the funding for
 29    employee compensation based on merit as follows:
 30        (a)  Agencies and institutions are directed to,  based  on  merit,  target
 31        funding  first  toward high turnover classifications and individuals below
 32        midpoint within their agency.
 33        (b)  Agencies and institutions are directed to,  based  on  merit,  target
 34        funding  second toward positions within their agency that are below ninety
 35        percent (90%) of the Compa-Ratio.
 36        (c)  Agencies and institutions are directed to target any remaining  fund-
 37        ing based on merit using the merit matrix required by Idaho Code.
 38    Agencies  and institutions shall create compensation and distribution plans to
 39    ensure that they are consistent with the  policies  contained  herein.  Agency
 40    directors and institutional presidents shall approve all compensation and dis-
 41    tribution plans and ensure that implementation of the plans is consistent with
 42    policies  contained  herein.  Each  agency  and institution shall forward, for
  1    informational purposes, approved copies of the compensation  and  distribution
  2    plans to the Legislative Services Office and the Division of Financial Manage-
  3    ment  by  June 1, 2007. The effective date of implementation of ongoing salary
  4    adjustments shall be June 17, 2007.
  5        SECTION 4.  The Department of Finance is hereby directed to allocate  sal-
  6    ary savings, based on performance, to provide for employee salary needs before
  7    other  operational budget priorities are considered. Where applicable, employ-
  8    ees whose salaries are below the midpoint of their pay grade  or  occupational
  9    groups  with significant turnover rates shall be considered first in the order
 10    of salary savings distributions.

Statement of Purpose / Fiscal Impact

Statement of Purpose

This is a fiscal year 2008 appropriation for the Department of Finance in the amount of $5,139,800.



Fiscal Note
FTP  Gen  Ded  Fed  Total 

FY 2007 Original Appropriation 51.00  4,805,200  4,805,200 
Removal of One-Time Expenditures 0.00  (198,800)  (198,800) 

FY 2008 Base 51.00  4,606,400  4,606,400 
Benefit Costs 0.00  42,300  42,300 
Inflationary Adjustments 0.00 
Replacement Items 0.00  124,800  124,800 
Statewide Cost Allocation 0.00  127,200  127,200 
Change in Employee Compensation 0.00  151,300  151,300 

FY 2008 Program Maintenance 51.00  5,052,000  5,052,000 

Department of Finance          
 1. Additional Office Space 0.00  21,500  21,500 
 2. Office Specialist – Financial Institutions 0.00 
 3. Securities Examiner 1.00  66,300  66,300 

FY 2008 Total 52.00  5,139,800  5,139,800 
Chg from FY 2007 Orig Approp 1.00  334,600  334,600 
% Chg from FY 2007 Orig Approp. 2.0%    7.0%    7.0% 

Contact: Julie Swanson 334-4743

Legislative Services Office, Budget & Policy Analysis

Statement of Purpose/Fiscal Note Bill No. S1194