|
GOVERNOR'S RECOMMENDED FY 2012 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 2009ACTUAL
FY 2010BUDGETED
FY 2011REQUESTED
FY 2012GOVERNOR'S RECOMMENDED
FY 2012RECOMMENDED INC/(DEC)
FY 2012
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
311,452
266,215
230,067
230,067
230,067
0
Total
$311,452
$266,215
$230,067
$230,067
$230,067
$0
EXPENDITURE DETAIL:
Personal Services
$115,852
$116,491
$117,992
$117,992
$117,992
$0
Operating Expenses
195,600
149,724
112,075
112,075
112,075
0
Total
$311,452
$266,215
$230,067
$230,067
$230,067
$0
Staffing Level FTE:
2.7
2.7
2.5
2.5
2.5
0.0
| ACTUAL FY 2009 |
ACTUAL FY 2010 |
ESTIMATED FY 2011 |
ESTIMATED FY 2012 |
|
| REVENUES: | ||||
| Examination Fees | $20,073 | $18,239 | $4,500 | $5,000 |
| Reexamination Fees | 36,231 | 55,082 | 8,000 | 10,000 |
| New License Fees | 3,875 | 4,775 | 3,900 | 4,000 |
| Renewal Fees | 168,150 | 172,370 | 156,000 | 152,000 |
| Interest Income | 17,244 | 16,688 | 8,500 | 9,000 |
| Peer Review | 5,775 | 3,900 | 4,800 | 4,200 |
| Board Exam Fee | 8,940 | 9,900 | 8,000 | 8,200 |
| Name Changes | 140 | 180 | 100 | 100 |
| Late Fees | 7,350 | 8,000 | 7,200 | 7,200 |
| Notification | 14,150 | 0 | 0 | 0 |
| Legal Recovery cost | 0 | 1,047 | 0 | 0 |
| Total |
$281,928 |
$290,181 |
$201,000 |
$199,700 |
| PERFORMANCE INDICATORS: | ||||
| Licenses Renewed | 1,837 | 1,835 | 1,700 | 1,700 |
| New Licenses | 98 | 102 | 90 | 90 |
| Practitioners | 1,624 | 1,670 | 1,680 | 1,650 |
| Examinations: | ||||
| Nationally Prepared (Times Given) | 4 | 4 | 4 | 4 |
| Total Applicants Examined | 75 | 133 | 82 | 90 |
| Applicants Passed (Includes Reexams) | 49 | 79 | 50 | 55 |
| Percentage Required for Passing | 75% | 75 | 75% | 75 |
| Complaints: | ||||
| Received/Investigated/Resolved | 13/13/11 | 10/10/9 | 15/15/14 | 15/15/14 |
| Hearings Held/Pending | 1/2 | 1/1 | 0/1 | 0/1 |
| Licensees Reprimanded/Probationed | 1/0 | 4/1 | 0/0 | 0/0 |
| Licenses Suspended/Revoked | 0/3 | 0/0 | 0/0 | 0/0 |
| No Action Taken Against Licensee | 1 | 0 | 1 | 0 |
| Prosecutions | 0 | 0 | 0 | 0 |
| Miscellaneous: | ||||
| Peer Review | 54 | 72 | 50 | 52 |
| Inquiries Received and Answered | 7,215 | 7,225 | 7,225 | 7,225 |
| Applicants Denied Licensure | 0 | 0 | 0 | 0 |
| Board Meetings Held | 10 | 10 | 10 | 10 |
| CPE Audits | 109 | 111 | 100 | 95 |