Certified public accountants.

05LSO-0066.C1

                                                         

FISCAL NOTE

 

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
EARMARKED REVENUE	39,349	39,349	39,349
GENERAL FUND	2,071	2,071	2,071

 

 

Source of revenue increase:

 

Fees paid by those licensed – individuals and firms.

 

Assumptions:

 

Most of the certificate holders who reside in Wyoming and currently maintain the certificate on inactive status will be grand-fathered to active status and pay increased fees; sole proprietors who do not currently pay permit fees will be required to pay permit fees.

 

This represents 292 certificate holders at $95 each ($27,740), 72 sole proprietors at $190 ($13,680), and 5 percent of the total revenue ($41,420) is deposited into the General Fund. 

 

Application forms, form letters, etc. will be affected.  However, these are generated in-house, so impact should be minimal.   The bill provides for the increase in board member salary from $50 to $100.  This increase is optional.  If the board elects to increase the pay, the impact will be negligible.  The total budget for Board salary is currently $14,400 per biennium so the revenue increase will easily offset any additional board salary expenses, at a maximum of $14,400 per biennium. 

 

 

The fiscal impact of penalties for violations is indeterminable due to an unknown number of cases.

 

 

 

 

 

 

Prepared by:     Wendy Madsen, LSO            Phone:  777-7881

(Information provided by Peggy Morgando, CPA Board, telephone:  777-7551; Holly Hansen, Supreme Court, telephone:  777-7678)