|
GOVERNOR'S RECOMMENDED FY 2011 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 2008ACTUAL
FY 2009BUDGETED
FY 2010REQUESTED
FY 2011GOVERNOR'S RECOMMENDED
FY 2011RECOMMENDED INC/(DEC)
FY 2011
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
225,136
311,452
228,897
228,897
230,067
1,170
Total
$225,136
$311,452
$228,897
$228,897
$230,067
$1,170
EXPENDITURE DETAIL:
Personal Services
$109,162
$115,852
$116,822
$116,822
$117,992
$1,170
Operating Expenses
115,974
195,600
112,075
112,075
112,075
0
Total
$225,136
$311,452
$228,897
$228,897
$230,067
$1,170
Staffing Level FTE:
2.7
2.7
2.5
2.5
2.5
0.0
| ACTUAL FY 2008 |
ACTUAL FY 2009 |
ESTIMATED FY 2010 |
ESTIMATED FY 2011 |
|
| REVENUES: | ||||
| Examination Fees | $12,660 | $20,073 | $4,000 | $4,500 |
| Reexamination Fees | 32,383 | 36,231 | 7,000 | 8,000 |
| New License Fees | 3,700 | 3,875 | 4,000 | 3,900 |
| Renewal Fees | 161,505 | 168,150 | 158,000 | 156,000 |
| Interest Income | 12,845 | 17,244 | 8,500 | 8,500 |
| Peer Review | 5,175 | 5,775 | 5,000 | 4,800 |
| Board Exam Fee | 7,120 | 8,940 | 8,000 | 8,000 |
| Name Changes | 365 | 140 | 400 | 100 |
| Late Fees | 8,050 | 7,350 | 7,600 | 7,200 |
| Notification | 13,815 | 14,150 | 0 | 0 |
| Total |
$257,618 |
$281,928 |
$202,500 |
$201,000 |
| PERFORMANCE INDICATORS: | ||||
| Licenses Renewed | 1,671 | 1,837 | 1,800 | 1,700 |
| New Licenses | 101 | 98 | 100 | 90 |
| Practitioners | 1,616 | 1,624 | 1,730 | 1,680 |
| Examinations: | ||||
| Nationally Prepared (Times Given) | 4 | 4 | 4 | 4 |
| Total Applicants Examined | 77 | 75 | 85 | 82 |
| Applicants Passed (Includes Reexams) | 51 | 49 | 60 | 50 |
| Percentage Required for Passing | 75% | 75% | 75% | 75% |
| Complaints: | ||||
| Received/Investigated/Resolved | 8/8/0 | 13/13/11 | 15/15/13 | 15/15/14 |
| Hearings Held/Pending | 0/0 | 1/2 | 0/2 | 0/1 |
| Licensees Reprimanded/Probationed | 0/0 | 1/0 | 0/0 | 0/0 |
| Licenses Suspended/Revoked | 0/19 | 0/3 | 0/3 | 0/0 |
| No Action Taken Against Licensee | 0 | 1 | 0 | 1 |
| Prosecutions | 0 | 0 | 0 | 0 |
| Miscellaneous: | ||||
| Peer Review | 68 | 54 | 70 | 50 |
| Inquiries Received and Answered | 7,190 | 7,215 | 7,225 | 7,225 |
| Applicants Denied Licensure | 0 | 0 | 0 | 0 |
| Board Meetings Held | 10 | 10 | 10 | 10 |
| CPE Audits | 116 | 109 | 105 | 100 |