COBI 2013 - License Plates Production

Compendium of Budget Information for the 2013 General Session

Business, Economic Development, & Labor
Appropriations Subcommittee

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Agency: Tax Commission

Line Item: License Plates Production

Function

This line item accounts for materials and labor for the State Prison license plate production operation.

Statutory Authority

Utah Code 41-1a-1211 specifies the authority the Tax Commission possesses to impose a fee on the issuance and renewal of license plates.

Funding Detail

Funding for this line item is generated soley through license plate fees. The fee per new license plate is $5, of which $1 goes to the Transportation Fund and $4 to cover the costs of producing the license plates.

The largest expenditure in the License Plate Production line item stems from license plates and tags ($2,275,500 in FY 2012), with postage and mailing ($21,700), and freight and drayage ($18,100).

Since September 2009, this line item has been running a structural deficit; In the 2010 General Session, and beginning in FY 2011, an ongoing transfer of $258,000 of the revenues from License Plate Fund to the Motor Vehicle Division was made. This explains the larger than normal dip in License Plate revenues beginning on FY 2011. Expenses are greater than revenues going into the fund, and the existing balance will be drawn down at a more rapid pace than indicated in the FY 2010 report.

Sources of Finance (click linked fund name for more info)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
Dedicated Credits Revenue	$2,010,300	$1,877,800	$1,692,700	$1,815,300	$1,709,900
Beginning Nonlapsing	$3,031,500	$2,791,600	$2,864,500	$2,642,800	$2,119,200
Closing Nonlapsing	($2,791,600)	($2,864,500)	($2,642,700)	($2,182,600)	($1,595,700)
Total	$2,250,200	$1,804,900	$1,914,500	$2,275,500	$2,233,400

Programs: (click linked program name to drill-down)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
License Plates Production	$2,250,200	$1,804,900	$1,914,500	$2,275,500	$2,233,400
Total	$2,250,200	$1,804,900	$1,914,500	$2,275,500	$2,233,400

Categories of Expenditure (mouse-over category name for definition)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
Current Expense	$2,250,200	$1,804,900	$1,914,500	$2,275,500	$2,233,400
Total	$2,250,200	$1,804,900	$1,914,500	$2,275,500	$2,233,400

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.