|
GOVERNOR'S RECOMMENDED FY 2006 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 2003ACTUAL
FY 2004BUDGETED
FY 2005REQUESTED
FY 2006GOVERNOR'S RECOMMENDED
FY 2006RECOMMENDED INC/(DEC)
FY 2006
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
151,424
157,635
268,157
224,909
224,909
(43,248)
Total
$151,424
$157,635
$268,157
$224,909
$224,909
($43,248)
EXPENDITURE DETAIL:
Personal Services
$65,253
$68,050
$135,287
$105,323
$105,323
($29,964)
Operating Expenses
86,171
89,586
132,870
119,586
119,586
(13,284)
Total
$151,424
$157,635
$268,157
$224,909
$224,909
($43,248)
Staffing Level FTE:
1.6
1.6
0.0
0.0
0.0
0.0
| ACTUAL FY 2003 |
ACTUAL FY 2004 |
ESTIMATED FY 2005 |
ESTIMATED FY 2006 |
|
| REVENUES: | ||||
| Examination Fees | $13,800 | $17,284 | $6,253 | $7,960 |
| Reexamination Fees | 24,300 | 22,588 | 17,560 | 16,668 |
| New License Fees | 5,550 | 8,000 | 5,130 | 6,100 |
| Renewal Fees | 147,890 | 147,655 | 147,870 | 148,000 |
| Interest Income | 6,780 | 7,571 | 7,300 | 7,200 |
| Peer Review | 5,625 | 3,800 | 5,800 | 6,050 |
| Mailing Lists, Misc., O/S Proctoring Fee | 2,200 | 1,200 | 1,000 | 1,000 |
| Board Exam Fee | 0 | 0 | 6,000 | 6,240 |
| Total |
$206,145 |
$208,098 |
$196,913 |
$199,218 |
| PERFORMANCE INDICATORS: | ||||
| Licenses Renewed | 1,455 | 1,452 | 1,460 | 1,457 |
| New Licenses | 62 | 130 | 100 | 100 |
| Practitioners | 1,517 | 1,582 | 1,560 | 1,557 |
| Examinations: | ||||
| Nationally Prepared (Times Given) | 2 | 2 | 4 | 4 |
| Total Applicants Examined | 153 | 136 | 150 | 160 |
| Applicants Passed (Includes Reexams) | 53 | 44 | 50 | 55 |
| Percentage Required for Passing | 75% | 75% | 75% | 75% |
| Complaints: | ||||
| Received/Investigated/Resolved | 16/16/14 | 10/10/7 | 15/15/13 | 16/16/14 |
| Hearings Held/Pending | 0/0 | 1/3 | 1/2 | 1/2 |
| Licensees Reprimanded/Probationed | 10 | 6 | 11 | 12 |
| Licenses Suspended/Revoked | 0 | 0 | 0 | 0 |
| No Action Taken Against Licensee | 0 | 1 | 2 | 2 |
| Prosecutions | 0 | 0 | 1 | 0 |
| Miscellaneous: | ||||
| Inspections | 0 | 87 | 65 | 65 |
| Inquiries Received and Answered | 6,200 | 6,800 | 7,000 | 7,200 |
| Applicants Denied Licensure | 0 | 0 | 0 | 0 |
| Board Meetings Held | 10 | 10 | 10 | 10 |