Cultural trust fund board-membership.

12LSO-0101.C1

                                                         

FISCAL NOTE

This bill contains an appropriation of $12,000 from the GENERAL FUND to the Wyoming cultural trust fund board.

 

DETAIL OF APPROPRIATION

Agency #:  024     Agency Name:  Department of Parks and Cultural Resources

Unit:  0220 Wyoming Cultural Trust Fund

 

EXPENDITURE BY SERIES AND YEAR       FY 2012         FY 2013         FY 2014

0200  Supportive Services Costs                          $6,000           $6,000

 

Total Expenditure Per Year:                              $6,000           $6,000

 

Grand Total Expenditure:               $12,000

Total Appropriated to Agency:          $12,000

Total Appropriated by Fund

GENERAL FUND             :            $12,000

 

Description of appropriation:

 

Funds will be expended in the 200 series, primarily to cover the increased costs of board travel for additional board members. Board travel is reimbursed for required Wyoming cultural trust fund board meetings, approved departmental or legislative committee meetings, and when a board member conducts a site visit or participates in a grantee function, as appropriate. Funds will also be used to cover the increased costs of staff travel for board meetings, conducting site visits and participating in grantee events, and participating in appropriate departmental or legislative committee meetings, as approved. Funds will also be used to cover administrative expenses (increased postage costs, conference calls, etc.) in relation to board meetings with increased board membership and in off-setting generally increasing costs in these areas.

 

Assumptions:

 

In FY 2011, the Wyoming cultural trust fund board met three times, with an average meeting cost of slightly less than $2,200 per meeting. In FY 2011, the board was composed of five members. To accommodate a growth of three additional board members, additional funds are required per meeting. It is estimated that for FY 2013-2014, 8 board members attending 3 meetings per year, will require approximately $25,000 to cover meeting costs and board travel reimbursement. With an increased board, it is anticipated that additional board conducted site visits will be conducted each year, totaling approximately $4,000. Staff site visits and administrative general increases in postage, office supplies, etc. will require approximately $3,000. Given the already existing standard budget appropriation of $20,000, with the additional $12,000 proposed in this bill, the new baseline for the program would be $32,000. 

 

 

Prepared by:   Kelley Shepp, LSO     Phone: 777-7881

(Information provided by:  Renee Bovee, Department of Parks and Cultural Resources  Phone:  777-6312)