|
GOVERNOR'S RECOMMENDED FY 2008 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 2005ACTUAL
FY 2006BUDGETED
FY 2007REQUESTED
FY 2008GOVERNOR'S RECOMMENDED
FY 2008RECOMMENDED INC/(DEC)
FY 2008
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
189,590
206,695
214,826
220,388
224,493
9,667
Total
$189,590
$206,695
$214,826
$220,388
$224,493
$9,667
EXPENDITURE DETAIL:
Personal Services
$81,212
$99,464
$114,429
$108,313
$112,418
($2,011)
Operating Expenses
108,378
107,231
100,397
112,075
112,075
11,678
Total
$189,590
$206,695
$214,826
$220,388
$224,493
$9,667
Staffing Level FTE:
2.0
2.6
2.5
2.5
2.5
0.0
| ACTUAL FY 2005 |
ACTUAL FY 2006 |
ESTIMATED FY 2007 |
ESTIMATED FY 2008 |
|
| REVENUES: | ||||
| Examination Fees | $12,422 | $12,808 | $3,300 | $3,420 |
| Reexamination Fees | 22,458 | 23,294 | 5,180 | 5,200 |
| New License Fees | 9,640 | 3,020 | 8,800 | 4,550 |
| Renewal Fees | 145,433 | 159,420 | 151,550 | 156,250 |
| Interest Income | 6,668 | 7,222 | 7,000 | 7,200 |
| Peer Review | 4,050 | 6,375 | 5,000 | 6,100 |
| Mailing Lists, Misc., O/S Proctoring Fee | 1,008 | 0 | 0 | 0 |
| Board Exam Fee | 7,150 | 7,860 | 7,300 | 7,300 |
| Name Changes | 0 | 1,020 | 875 | 900 |
| Late Fees | 6,750 | 5,900 | 7,450 | 7,450 |
| Notification | 0 | 9,380 | 0 | 7,500 |
| Total |
$215,579 |
$236,299 |
$196,455 |
$205,870 |
| PERFORMANCE INDICATORS: | ||||
| Licenses Renewed | 1,902 | 1,938 | 2,092 | 2,092 |
| New Licenses | 100 | 78 | 139 | 100 |
| Practitioners | 1,614 | 1,525 | 1,624 | 1,690 |
| Examinations: | ||||
| Nationally Prepared (Times Given) | 4 | 4 | 4 | 4 |
| Total Applicants Examined | 86 | 88 | 88 | 91 |
| Applicants Passed (Includes Reexams) | 55 | 55 | 60 | 60 |
| Percentage Required for Passing | 75% | 75% | 75% | 75% |
| Complaints: | ||||
| Received/Investigated/Resolved | 20/20/4 | 21/21/16 | 22/22/16 | 18/18/15 |
| Hearings Held/Pending | 1/6 | 0/5 | 1/6 | 1/5 |
| Licensees Reprimanded/Probationed | 0 | 0 | 0 | 0 |
| Licenses Suspended/Revoked | 0 | 0 | 1 | 5 |
| No Action Taken Against Licensee | 2 | 2 | 2 | 2 |
| Prosecutions | 1 | 0 | 1 | 0 |
| Miscellaneous: | ||||
| Peer Review | 65 | 65 | 70 | 70 |
| Inquiries Received and Answered | 7,000 | 7,100 | 7,200 | 7,200 |
| Applicants Denied Licensure | 0 | 0 | 0 | 0 |
| Board Meetings Held | 10 | 8 | 10 | 10 |
| CPE Audits | 110 | 113 | 124 | 116 |