Fiscal Note - State of Utah - 2014 General Session
SB0269S01 - Annual Leave Program II for State Employees
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could cost up to $13.2 million General Fund/Education Fund and $11.2 million from various other funds for each of the first four years to begin to fully fund the currently unfunded accrued annual leave liability for state employees. In FY 2019, costs will drop to $4.2 million GF/EF and $3.5 from other funds, and will continue to drop over the next 25 years until the liability is fully funded. Enactment may also cost the Division of Finance $71,500 one-time and $37,900 ongoing from the General Fund to implement and operate the new annual leave program. Costs may vary based on how the provisions of this bill are implemented. This fiscal note assumes "Last In, First Out" with annual contributions smoothed over the first four years beginning in FY 2015.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund | $0 | ($626,800) | ($626,800) |
| General Fund Restricted | $0 | $626,800 | $626,800 |
| Trust & Agency Funds | $0 | $24,422,500 | $24,422,500 |
| Total Revenue | $0 | $24,422,500 | $24,422,500 |
| Expenditure: | |||
| General Fund | $0 | $11,417,600 | $11,417,600 |
| General Fund, One-Time | $0 | $71,500 | $0 |
| General Fund Restricted | $0 | $1,751,300 | $1,751,300 |
| Education Fund | $0 | $1,206,100 | $1,206,100 |
| Transportation Fund | $0 | $1,831,900 | $1,831,900 |
| Federal Funds | $0 | $4,205,900 | $4,205,900 |
| Dedicated Credits | $0 | $1,732,500 | $1,732,500 |
| Restricted Funds | $0 | $436,900 | $436,900 |
| Other | $0 | $1,878,200 | $1,878,200 |
| Total Expenditure | $0 | $24,531,900 | $24,460,400 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($109,400) | ($37,900) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($13,322,000) | ($13,250,500) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.
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
| 3/13/2014, 7:14:26 AM, Lead Analyst: Fay, B/Attny: VA | Office of the Legislative Fiscal Analyst |