COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1441-03
Bill No.: Perfected HCS for HB 356
Subject: Business and Commerce; Children and Minors; Social Services Department
Type: Original
Date: March 19, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Youth Services Products Fund* | $0 | $0 | $0 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
*Income and costs in this fund would likely net to $0 or close to $0.
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials from the Office of State Treasurer assume this proposal would not fiscally impact their agency.
Officials from the Department of Social Services - Division of Youth Services (DYS) state that this proposal would have a net impact of $0.
Oversight assumes this proposal is establishing a revolving fund. Since sale proceeds are deposited into the fund to purchase supplies for future sales, Oversight assumes the fund will maintain a low balance and will present the balance as $0.
This proposal would result in an increase in Total State Revenues.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| YOUTH SERVICES PRODUCTS FUND | |||
| Income - Department of Social Services - Division of Youth Services | |||
| Sale of Products | $0 to Unknown | $0 to Unknown | $0 to Unknown |
| Costs - Department of Social Services - Division of Youth Services | |||
| Supplies for products | ($0 to Unknown) | ($0 to Unknown) | ($0 to Unknown) |
| ESTIMATED NET EFFECT ON YOUTH SERVICES PRODUCTS FUND |
$0 |
$0 |
$0 |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
Small businesses which produce items similar to those made by youths from the Division of Youth Services could be fiscally impacted by this proposal.
DESCRIPTION
This proposal allows the Division of Youth Services to sell products produced by youths in the custody of the division. The sale price of these products may exceed the actual cost of
materials used in the production by no more than 10%. All proceeds will be placed in the Missouri Youth Services Production Fund, which is created in the substitute, to purchase additional materials and tools.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Social Services -
Division of Youth Services
State Treasurer's Office
Mickey Wilson, CPA
Director
March 19, 2003