CORRECTED COPY

This bill contains an appropriation of $30,000,000 from the BUDGET RESERVE ACCOUNT to the WYOMING SENIOR SERVICES TRUST FUND.

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
SENIOR SERV. TRUST INCOME	1,320,000	1,380,000	1,440,000

Source of Revenue Increase: The revenue increase to the "Income Account" is a result of investment income from the $30,000,000 appropriation.

Assumptions: All investment earnings up to 5% of the corpus of the Trust Fund would be deposited annually, by June 30, into a separate account within the trust and agency fund. The above assumes funds of the newly created Trust Fund are invested in the State Agency Pool, with an anticipated annual rate of return of 4.4% for FY05, 4.6% for FY06, and 4.8% for FY07. It is further assumed that the interest will not be available for expenditure until after June 30th of each year. Revenue generated from other contributions, grants, gifts, bequests, and donations to the Trust Fund cannot be predicted.

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase:
SENIOR SERV. TRUST INCOME	0	1,320,000	1,380,000

Source of Expenditure Increase: Disbursement of grants in accordance with W.S. 9-2-1214.

Assumptions: Assumes that all of the investment earnings from the prior fiscal year are disbursed.

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

Department of Health

Prepared by: Don Richards, LSO Phone: 777-7881

(Information provided by Sharon Garland, State Treasurer's Office, phone: 777-7475; Beverly Morrow, Aging Division, Department of Health, phone: 777-7968; and Pamela Robinson, Department of Audit, phone: 777-7798.)