100th state fair celebration.

11LSO-0253.L3

                                                         

FISCAL NOTE

 

This bill contains an appropriation of $250,000 from the GENERAL FUND to the Department of Agriculture.  This appropriation is effective immediately.

 

DETAIL OF APPROPRIATION

Agency #:  010     Agency Name:  Department of Agriculture

Unit:  0801 State Fair

 

EXPENDITURE BY SERIES AND YEAR       FY 2011         FY 2012         FY 2013

0200  Supportive Services Costs                                        $43,000

0900  Contractual Services Costs                       $40,000        $167,000

 

Total Expenditure Per Year:                            $40,000        $210,000

 

Grand Total Expenditure:             $250,000

Total Appropriated to Agency:        $250,000

Total Appropriated by Fund

GENERAL FUND             :           $250,000

 

Description of Appropriation:

This General Fund appropriation is for matching donations from any individual, agency, local government, organization or entity for the purpose of financing and promoting the 100th state fair celebration, if donations total at least $100,000.  No more than $250,000 in state funds can be used to match donations.

 

Assumptions:

At least $250,000 will be donated to the 100th state fair celebration account so that the full General Fund appropriation is used for matching donations.  This note only includes the General Funds, although matching funds will be spent within the same categories as detailed here.

 

Even though the funds are available immediately, it is anticipated the majority of the funding would be spent in FY 2013.  The $43,000 would be used for special awards and additional prizes.  The remaining $207,000 would be for production of commemorative and promotional materials, special attractions on grounds during the 100th State Fair, and possible commemorative grounds development.  A priority listing has been developed by the Department of Agriculture based on the amount of matching funds received.  

 

 

 

 

 

 

 

Prepared by:   Lisa Jeremiah, LSO               Phone: 777-7881

(Information provided by James Goodrich, Department of Agriculture, phone 358-2398)