|
GOVERNOR'S RECOMMENDED FY 2005 BUDGET |
MISSION:
To protect the citizens of South Dakota from receiving inadequate accounting services by licensing qualified accountant applicants, monitoring continuing professional education and annual reporting requirements, as well as oversee board enforcement of updated statutes and rules promulgated to regulate the practice of public accountancy.
ACTUAL
FY 2002ACTUAL
FY 2003BUDGETED
FY 2004REQUESTED
FY 2005GOVERNOR'S RECOMMENDED
FY 2005RECOMMENDED INC/(DEC)
FY 2005
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
147,183
151,424
263,475
263,475
263,475
0
Total
$147,183
$151,424
$263,475
$263,475
$263,475
$0
EXPENDITURE DETAIL:
Personal Services
$77,875
$65,253
$130,605
$130,605
$130,605
$0
Operating Expenses
69,308
86,170
132,870
132,870
132,870
0
Total
$147,183
$151,424
$263,475
$263,475
$263,475
$0
Staffing Level FTE:
1.8
1.6
0.0
0.0
0.0
0.0
| ACTUAL FY 2002 |
ACTUAL FY 2003 |
ESTIMATED FY 2004 |
ESTIMATED FY 2005 |
|
| REVENUES: | ||||
| Application Fees | $4,385 | $2,500 | $4,000 | $8,000 |
| Examination Fees | 14,970 | 13,800 | 10,500 | 11,000 |
| Reexamination Fees | 16,680 | 24,300 | 7,875 | 15,000 |
| New License Fees | 5,305 | 7,200 | 4,500 | 8,000 |
| Renewal Fees | 138,965 | 137,460 | 140,300 | 144,000 |
| Interest Income | 6,144 | 6,780 | 6,500 | 6,500 |
| Peer Review | 4,500 | 4,950 | 2,625 | 4,350 |
| Mailing Lists, Misc., O/S Proctoring Fee | 3,979 | 2,200 | 0 | 0 |
| Late Fees | 0 | 9,480 | 9,000 | 7,500 |
| Total |
$194,928 |
$208,670 |
$185,300 |
$204,350 |
| PERFORMANCE INDICATORS: | ||||
| Licenses Renewed | 1,517 | 1,558 | 1,640 | 1,690 |
| New Licenses | 46 | 88 | 60 | 60 |
| Practitioners | 1,563 | 1,646 | 1,700 | 1,750 |
| Examinations: | ||||
| Nationally Prepared (Times Given) | 2 | 2 | 2 | 2 |
| Total Applicants Examined | 143 | 143 | 105 | 110 |
| Applicants Passed (Includes Reexams) | 32 | 26 | 26 | 28 |
| Percentage Required for Passing | 75% | 75% | 75% | 75% |
| Complaints: | ||||
| Received/Investigated/Resolved | 9/9/7 | 16/16/14 | 20/20/18 | 20/20/18 |
| Hearings Held/Pending | 1/2 | 0/0 | 1/0 | 1/0 |
| Licensees Reprimanded/Probationed | 6 | 10 | 12 | 12 |
| Licenses Suspended/Revoked | 1 | 0 | 0 | 0 |
| Miscellaneous: | ||||
| Inquiries Received and Answered | 5,583 | 6,200 | 6,300 | 6,400 |
| Applicants Denied Licensure | 0 | 0 | 0 | 0 |
| Board Meetings Held | 10 | 9 | 10 | 10 |