Fiscal Note - State of Utah - 2014 General Session

SB0093S01 - Internal Audit Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could cost the Governor's Office up to $593,500 ongoing from the General Fund for an estimated three auditors, the governor's internal audit director, an administrative assistant, and related expenses for a new Governor's Office of Internal Audit Services.

State Budget Detail TableFY 2014FY 2015FY 2016
Revenue$0$0$0
    
Expenditure:   
General Fund$0$593,500$593,500
   Total Expenditure$0$593,500$593,500
    
Net Impact, All Funds (Rev.-Exp.)$0($593,500)($593,500)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($593,500)($593,500)

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could cost each local school district up to $65,000 annually to contract for internal audit services. If each district contracts for these services, total annual cost is estimated at $2.4 million.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

Performance Note Required? (Joint Rule 4-2-404): No

2/19/2014, 9:43:37 AM, Lead Analyst: Fay, B/Attny: VAOffice of the Legislative Fiscal Analyst