|
GOVERNOR'S RECOMMENDED FY 2010 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 2007ACTUAL
FY 2008BUDGETED
FY 2009REQUESTED
FY 2010GOVERNOR'S RECOMMENDED
FY 2010RECOMMENDED INC/(DEC)
FY 2010
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
229,079
225,136
228,897
228,897
231,414
2,517
Total
$229,079
$225,136
$228,897
$228,897
$231,414
$2,517
EXPENDITURE DETAIL:
Personal Services
$105,017
$109,162
$116,822
$116,822
$119,339
$2,517
Operating Expenses
124,062
115,974
112,075
112,075
112,075
0
Total
$229,079
$225,136
$228,897
$228,897
$231,414
$2,517
Staffing Level FTE:
2.7
2.7
2.5
2.5
2.5
0.0
| ACTUAL FY 2007 |
ACTUAL FY 2008 |
ESTIMATED FY 2009 |
ESTIMATED FY 2010 |
|
| REVENUES: | ||||
| Examination Fees | $12,054 | $12,660 | $3,600 | $4,000 |
| Reexamination Fees | 36,959 | 32,383 | 6,000 | 7,000 |
| New License Fees | 3,765 | 3,700 | 4,550 | 4,000 |
| Renewal Fees | 157,190 | 161,505 | 158,000 | 158,000 |
| Interest Income | 8,747 | 12,845 | 8,200 | 8,500 |
| Peer Review | 3,525 | 5,175 | 5,000 | 5,000 |
| Board Exam Fee | 9,810 | 7,120 | 8,000 | 8,000 |
| Name Changes | 175 | 365 | 400 | 400 |
| Late Fees | 10,650 | 8,050 | 7,600 | 7,600 |
| Notification | 11,800 | 13,815 | 8,000 | 8,000 |
| Total |
$254,675 |
$257,618 |
$209,350 |
$210,500 |
| PERFORMANCE INDICATORS: | ||||
| Licenses Renewed | 1,570 | 1,671 | 1,600 | 1,800 |
| New Licenses | 93 | 101 | 100 | 100 |
| Practitioners | 1,525 | 1,616 | 1,575 | 1,730 |
| Examinations: | ||||
| Nationally Prepared (Times Given) | 4 | 4 | 4 | 4 |
| Total Applicants Examined | 82 | 77 | 91 | 85 |
| Applicants Passed (Includes Reexams) | 52 | 51 | 60 | 60 |
| Percentage Required for Passing | 75% | 75% | 75% | 75% |
| Complaints: | ||||
| Received/Investigated/Resolved | 11/11/9 | 8/8/0 | 15/15/13 | 15/15/13 |
| Hearings Held/Pending | 0/2 | 0/0 | 0/2 | 0/2 |
| Licensees Reprimanded/Probationed | 0/0 | 0/0 | 0/0 | 0 |
| Licenses Suspended/Revoked | 0/19 | 0/19 | 0/3 | 0/3 |
| No Action Taken Against Licensee | 2 | 0 | 1 | 0 |
| Prosecutions | 0 | 0 | 0 | 0 |
| Miscellaneous: | ||||
| Peer Review | 67 | 68 | 70 | 70 |
| Inquiries Received and Answered | 7,150 | 7,190 | 7,225 | 7,225 |
| Applicants Denied Licensure | 1 | 0 | 0 | 0 |
| Board Meetings Held | 7 | 10 | 10 | 10 |
| CPE Audits | 90 | 116 | 105 | 105 |