|
GOVERNOR'S RECOMMENDED FY 2007 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, and enforcing statutes and rules promulgated to regulate the practice of public accountancy.
ACTUAL
FY 2004ACTUAL
FY 2005BUDGETED
FY 2006REQUESTED
FY 2007GOVERNOR'S RECOMMENDED
FY 2007RECOMMENDED INC/(DEC)
FY 2007
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
157,635
189,590
227,621
210,414
214,826
(12,795)
Total
$157,635
$189,590
$227,621
$210,414
$214,826
($12,795)
EXPENDITURE DETAIL:
Personal Services
$68,050
$81,212
$108,035
$110,017
$114,429
$6,394
Operating Expenses
89,586
108,378
119,586
100,397
100,397
(19,189)
Total
$157,635
$189,590
$227,621
$210,414
$214,826
($12,795)
Staffing Level FTE:
1.6
2.0
2.5
2.5
2.5
0.0
| ACTUAL FY 2004 |
ACTUAL FY 2005 |
ESTIMATED FY 2006 |
ESTIMATED FY 2007 |
|
| REVENUES: | ||||
| Examination Fees | $17,284 | $12,422 | $7,960 | $3,300 |
| Reexamination Fees | 22,588 | 22,458 | 16,668 | 5,180 |
| New License Fees | 8,000 | 9,640 | 6,100 | 8,800 |
| Renewal Fees | 147,655 | 145,433 | 148,000 | 151,550 |
| Interest Income | 7,571 | 6,668 | 7,200 | 7,000 |
| Peer Review | 3,800 | 4,050 | 6,050 | 5,000 |
| Mailing Lists, Misc., O/S Proctoring Fee | 1,200 | 1,008 | 1,000 | 1,000 |
| Board Exam Fee | 0 | 7,150 | 6,240 | 7,300 |
| Name Changes | 0 | 0 | 0 | 875 |
| Late Fees | 0 | 6,750 | 0 | 7,450 |
| Total |
$208,098 |
$215,579 |
$199,218 |
$197,455 |
| PERFORMANCE INDICATORS: | ||||
| Licenses Renewed | 1,452 | 1,902 | 1,902 | 2,092 |
| New Licenses | 130 | 100 | 129 | 139 |
| Practitioners | 1,582 | 1,614 | 1,557 | 1,624 |
| Examinations: | ||||
| Nationally Prepared (Times Given) | 2 | 4 | 4 | 4 |
| Total Applicants Examined | 136 | 86 | 0 | 0 |
| Applicants Passed (Includes Reexams) | 44 | 55 | 55 | 60 |
| Percentage Required for Passing | 75% | 75% | 75% | 75% |
| Complaints: | ||||
| Received/Investigated/Resolved | 10/10/7 | 20/20/4 | 21/21/16 | 22/22/16 |
| Hearings Held/Pending | 1/3 | 1/6 | 1/5 | 1/6 |
| Licensees Reprimanded/Probationed | 6 | 0 | 0 | 0 |
| Licenses Suspended/Revoked | 0 | 0 | 0 | 1 |
| No Action Taken Against Licensee | 1 | 2 | 2 | 2 |
| Prosecutions | 0 | 1 | 0 | 1 |
| Miscellaneous: | ||||
| Peer Review | 87 | 65 | 65 | 70 |
| Inquiries Received and Answered | 6,800 | 7,000 | 7,200 | 7,200 |
| Applicants Denied Licensure | 0 | 0 | 0 | 0 |
| Board Meetings Held | 10 | 10 | 10 | 10 |
| CPE Audits | N/A | 110 | 113 | 124 |