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F I S C A L I M P A C T R E P O R T
SPONSOR R. Vigil
ORIGINAL DATE
LAST UPDATED
2/12/07
HB 933
SHORT TITLE
VILLAGE OF ENCINO BOOKKEEPING
SERVICES
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$12.6
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
House Bill 933 appropriates $12,575 to the Local Government Division to pay for bookkeeping
and accounting services for the Village of Encino.
FISCAL IMPLICATIONS
The appropriation of $12,757 contained in this bill is a recurring expense to the General Fund.
Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to the Gen-
eral Fund.
SIGNIFICANT ISSUES
DFA reports that currently the Village has not submitted to the State Auditor audits for FY04, 05
and 06. This appropriation would allow for the Village to contract with an auditor that will travel
to Encino to conduct the audits. Once these audits are completed the Village will be in compli-
ance with State statute.