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Finance(10)

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Finance(10)

    Office of

    Finance

Overview

    he finance agencies handle the financial transactions of the Commonwealth, from collect-

    ing the taxes to paying the bills and distributing aid to localities. Responsibilities include T forecasting and collecting revenues, managing the Commonwealth’s cash and invest-

    ments, selling bonds, training agency internal auditors, and preparing and executing the Com-monwealth’s budget.

    Summary of recommended funding for Finance agencies Fiscal year 2001 Fiscal year 2002

    Agency GF NGF All funds GF NGF All funds

Secretary of Finance 0.5 0.0 0.5 0.5 0.0 0.5

    Department of Accounts 185.6 2.2 187.8 269.5 2.2 271.7

    Department of Planning and Budget 5.5 1.0 6.5 5.4 0.0 5.4

    Department of Taxation 57.8 36.3 94.1 57.2 39.4 96.7

    Department of the State 0.7 0.0 0.7 0.9 0.0 0.9

    Internal Auditor

    Department of the Treasury 7.9 7.7 15.6 7.9 7.8 15.7

    Treasury Board 241.7 6.7 248.4 260.6 6.7 267.3

    Total for Finance 499.8 53.9 553.7 602.1 56.1 658.2 Dollars in millions. Figures may not add due to rounding. See “How to read the summary tables” on page 8.

Secretary of Finance

     The Secretary of Finance is appointed by the Governor and assists the Governor in the manage-ment and direction of state government. This Secretary provides guidance to the six agencies within the finance secretariat. The Secretary’s office does not receive any federal funds.

    Recommended amendments:

    ; Produce executive management savings. Savings to be achieved by expanding the use of web-

    based publishing. For 2001, a savings of $44 (GF). For 2002, a savings of $87 (GF). B-118 OFFICE OF FINANCE

; Implement central account adjustments. Adjustments to properly distribute to agencies amounts

    that were included in a central account in the 2000 Appropriation Act:

    Achieve productivity savings. A reduction in funds to reflect productivity savings called for in

    the 2000 Appropriation Act, which set aside savings totaling $91.7 million statewide from the gen-

    eral fund. This agency achieves savings by implementing telecommunications contract savings.

    For 2001, a savings of $14 (GF). For 2002, a savings of $45 (GF).

    Effect other technical adjustments. A net reduction in funds to reflect adjustments for savings as-

    sociated with the suspension of performance indemnity bond premium payments and the new

    state COVANET telecommunications contract. For 2002, a reduction of $73 (GF).

Department of Accounts

     The department operates the state’s centralized automated accounting, payroll, and fixed assets systems and prepares the Commonwealth’s official financial statements. It ensures that all funds for

    state agencies and institutions are accounted for and spent according to state and federal laws and generally accepted accounting principles. About 95 percent of the agency budget is pass-through funding, including deposits to the Revenue Stabilization Fund and payments to localities. Payments to localities include the local share of ABC (alcoholic beverage) profits and a portion of the recorda-tion taxes paid at courthouses when real estate sales are recorded. The agency does not receive any federal funds.

    Recommended amendments:

    ; Provide funding for the Revenue Stabilization Fund deposit. Additional funds for the Revenue

    Stabilization Fund as required to meet the mandatory deposit called for in Article X, Section 8 of

    the Constitution of Virginia. For 2002, $24.0 million (GF).

    ; Enhance data security. Additional funds to purchase hardware and software to increase the se-

    curity of transmissions of fund transfers using electronic data interchange, enhance security in the

    report distribution and report archiving process for reports produced for state agencies using the

    agency’s information systems (CARS, CIPPS, and FAACS), and cover increased costs associated

    with supporting the agency’s major information systems to ensure that adequate services to agen-

    cies are maintained. For 2001, $204,000 (GF). For 2002, $137,000 (GF).

    ; Expand payroll service bureau. An increase in funds to expand the agency’s Payroll Service Bu-

    reau to provide services for additional agencies. The Payroll Service Bureau was established with-

    in the department on July 1, 1996, and improves the efficiency and effectiveness of payroll admin-

    istration by combining payroll and leave accounting functions of selected agencies in the Bureau,

    where economies of scale can be achieved. This expansion will save an estimated $275,000 per

    year. This funding provides sufficient resources to enable the department to handle the increased

    workload. For 2002, $175,000 (GF) and four positions (GF).

    ; Adjust appropriation for aid to localities program. A reduction in funds for the agency’s aid to

    localities program based on new revenue projections from the Department of Alcoholic Beverage

    Control and the Department of Taxation. This department is responsible for making distributions

    to localities from alcoholic beverage control profits, wine taxes, rolling stock taxes, recordation

    taxes, and Tennessee Valley Authority payments. In addition, the agency is responsible for remit-

    ting to municipalities any sales tax revenues generated in qualifying public facilities. For 2001, a

    reduction of $131,880 (GF). For 2002, a reduction of $209,280 (GF).

     OFFICE OF FINANCE B-119

; Produce executive management savings. Savings from a reduction of three percent in 2001 and

    six percent in 2002 to selected programs and activities to be achieved by agency management ac-

    tions such as improved business practices, technology enhancements, operational efficiencies, or

    other cost-containment measures. In addition, the agency is to achieve savings by expanding the

    use of web-based publishing. For 2001, a savings of $35,478 (GF). For 2002, a savings of $63,951

    (GF).

    ; Implement central account adjustments. Adjustments to properly distribute to agencies amounts

    that were included in a central account in the 2000 Appropriation Act:

    Achieve productivity savings. A reduction in funds to reflect productivity savings called for in

    the 2000 Appropriation Act, which set aside savings totaling $91.7 million statewide from the gen-

    eral fund. This agency’s savings strategies include: eliminating the use of microfiche for archival

    purposes, eliminating a position responsible for making disbursements to non-state agencies, im-

    plementing e-procurement, implementing personal services efficiencies, expanding the use of the

    Internet for recruitment actions, and implementing telecommunications contract savings. For

    2001, a savings of $160,134 (GF). For 2002, a savings of $280,900 (GF).

    Effect other technical adjustments. A net reduction in funds to reflect adjustments for savings as-

    sociated with the suspension of performance indemnity bond premium payments and the new

    state COVANET telecommunications contract. For 2002, a reduction of $4,126 (GF).

Department of Planning and Budget

     The department develops and administers the state budget, which allocates money for state agen-cies and institutions. Over 60 percent of its budget is allocated to these activities. It also conducts pol-icy analyses and evaluations of state programs and services, and coordinates statewide strategic plan-ning and performance measurement efforts. In addition, the department analyzes proposed state legislation, reviews regulations for need and clarity, and prepares economic impact statements on regulations. The agency does not receive any federal funds.

    Recommended amendments:

    ; Produce executive management savings. Savings from a reduction of three percent in 2001 and

    six percent in 2002 to selected programs and activities to be achieved by agency management ac-

    tions such as improved business practices, technology enhancements, operational efficiencies, or

    other cost-containment measures. For 2001, a savings of $58,056 (GF). For 2002, a savings of

    $114,208 (GF).

    ; Implement central account adjustments. Adjustments to properly distribute to agencies amounts

    that were included in a central account in the 2000 Appropriation Act:

    Achieve productivity savings. A reduction in funds to reflect productivity savings called for in

    the 2000 Appropriation Act, which set aside savings totaling $91.7 million statewide from the gen-

    eral fund. This agency’s savings strategies include: capturing savings through advancements in

    technology, using a state-of-the-art voice mail system, achieving printing and postage savings us-

    ing technology advancements, using the department’s web site to reduce printing costs for the

    Governor’s budget document, deferring discretionary expenses, implementing e-procurement,

    expanding the use of the Internet for recruitment actions, and telecommunications contract sav-

    ings. For 2001, a savings of $70,273 (GF). For 2002, a savings of $110,383 (GF). B-120 OFFICE OF FINANCE

    Effect other technical adjustments. A net reduction in funds to reflect adjustments for savings as-

    sociated with the suspension of performance indemnity bond premium payments and the new

    state COVANET telecommunications contract. For 2002, a reduction of $1,087 (GF).

Department of Taxation

     The agency collects taxes and enforces Virginia’s tax laws. In 2000, with about five percent of its budget, it processed nearly 7.2 million tax returns and bill payments, and made deposits of over $9.9 billion in tax payments. About 40 percent of the agency’s budget goes to enforcing tax laws, which includes performing about 320,000 tax examinations and audits resulting in the collection of an addi-tional $317.4 million in delinquent tax revenues. About 10 percent of the agency’s budget goes to pro-

    viding customer service to taxpayers and local governments. In 2000, the agency handled over 550,000 telephone calls for tax assistance and corrected over one million errors. About five percent of the budget is used to maintain a computer system that handles over 200,000 transactions per day.

     The agency is in the third year of a five-year public-private partnership to re-engineer the Tax De-partment. The contract stipulates that the private contractor will be paid only from the increased rev-enue attributable to the successful implementation of the technology program. About 30 percent (all of which is nongeneral funds) of the agency’s budget is devoted to this initiative.

     The department also prepares general fund revenue forecasts and analyzes revenue collections. The agency does not receive any federal funds.

    Recommended amendments:

    ; Continue temporary relocation costs. Additional funding provided to annualize the lease pay-

    ment at the Main Street Centre, to cover unanticipated heating, ventilation and air conditioning

    system costs, and to fund additional communication capabilities required to transmit data be-

    tween multiple locations. In November 1999, structural damage to the roof at the department’s

    headquarters building at 2220 West Broad Street in Richmond necessitated the temporary reloca-

    tion of the majority of the department to the Main Street Centre in downtown Richmond. The de-

    partment is now operating from four remote locations. The extensive work needed to make the

    damaged building fully operational necessitates a delay in moving from the temporary location.

    It is now anticipated that the Tax Department will remain at its temporary locations until July of

    2003. For 2001, $197,602 (GF). For 2002, $1.6 million (GF).

    ; Safeguard e-government financial systems and transactions. Funding to contract for a compre-

    hensive evaluation of the controls on the department’s website to ensure privacy of taxpayer in-

    formation on the department’s computers. A component of this review will include obtaining the

    highest standards of the American Institute of Certified Public Accountants to ensure taxpayers

    can use a website that meets the highest e-commerce principles and criteria. For 2001, $105,000

    (GF). For 2002, $30,000 (GF).

    ; Fund workload management changes. Additional funding to meet extraordinary operating ex-

    penses. Wages have been dramatically increased in order to recruit and retain adequate staff to

    timely process tax returns. Additional resources also provided for the postage rate increase sche-

    duled for January 2001. For 2001, $274,141 (GF). For 2002, $329,104 (GF).

    ; Produce executive management savings. Savings from a reduction of three percent in 2001 and

    six percent in 2002 to selected programs and activities to be achieved by agency management ac-

    tions such as improved business practices, technology enhancements, operational efficiencies, or

    other cost-containment measures. In addition, the agency is to achieve savings by supplanting

     OFFICE OF FINANCE B-121

    funding for the public-private partnership with nongeneral funds and by capturing maintenance

    and utility savings resulting from the relocation from the 2220 West Broad Street location. For

    2001, a savings of $453,605 (GF). For 2002, a savings of $688,718 (GF).

    ; Implement central account adjustments. Adjustments to properly distribute to agencies amounts

    that were included in a central account in the 2000 Appropriation Act:

    Achieve productivity savings. A reduction in funds to reflect productivity savings called for in

    the 2000 Appropriation Act, which set aside savings totaling $91.7 million statewide from the gen-

    eral fund. This agency’s savings strategies include: implementing e-procurement, implementing

    personal services efficiencies, expanding use of the Internet for recruitment actions, and imple-

    menting telecommunications contract savings. For 2001, a savings of $258,149 (GF). For 2002, a

    savings of $891,372 (GF).

    Effect other technical adjustments. A net reduction in funds to reflect adjustments for savings as-

    sociated with the suspension of payments for automobile liability premiums and performance in-

    demnity bond premiums, and the new state COVANET telecommunications contract. For 2002, a

    reduction of $52,275 (GF).

Department of the State Internal Auditor

     The department develops internal audit policies, standards, and procedures for internal audit programs in the Commonwealth. The department provides general, technical, and audit assistance to state agencies upon request. It provides assistance in the development of agency internal audit pro-grams through training, technical assistance, and the assessment of internal audit programs. It also administers the state’s fraud, waste, and abuse hotline. The agency does not receive any federal funds.

    Recommended amendments:

    ; Establish an information technology audit program. Additional funds to establish an informa-

    tion technology audit program. The program will provide information technology infrastructure

    security reviews, audits, and testing in an effort to eliminate potential security compromises with-

    in agencies, such as an attack from viruses or hackers or a breach of security of confidential

    records. For 2002, $121,613 (GF) and one position (GF).

    ; Produce executive management savings. Savings to be achieved by expanding web-based pub-

    lishing. For 2001, a savings of $77 (GF). For 2002, a savings of $153 (GF).

    ; Implement central account adjustments. Adjustments to properly distribute to agencies amounts

    that were included in a central account in the 2000 Appropriation Act:

    Achieve productivity savings. A reduction in funds to reflect productivity savings called for in

    the 2000 Appropriation Act, which set aside savings totaling $91.7 million statewide from the gen-

    eral fund. This agency’s savings strategies include: delaying filling a position, reducing hours for

    a temporary position, reducing expenditures for office supplies, reducing the need for outsourcing

    printing, eliminating unnecessary subscriptions, implementing e-procurement, and implementing

    telecommunications contract savings. For 2001, a savings of $12,594 (GF). For 2002, a savings of

    $12,612 (GF).

    Effect other technical adjustments. A net reduction in funds to reflect adjustments for savings as-

    sociated with the suspension of performance indemnity bond premium payments and the new

    state COVANET telecommunications contract. For 2002, a reduction of $355 (GF). B-122 OFFICE OF FINANCE

Department of the Treasury

     The agency provides a variety of financial services to the Commonwealth. At the end of 2000, the agency had invested about $4.1 billion in state operating funds, $221 million in state money held by outside trustees, $833 million with external money managers, and over $1.7 billion in local funds de-posited in the Local Government Investment Pool. The agency is responsible for procuring and man-aging all state banking relationships. Other financial services the agency provides include the processing and distribution of more than 8.3 million checks annually for the state payroll, retiree payments, income tax refunds, unemployment benefits, and the state’s purchases of goods and ser-

    vices.

     The agency provides staff services to the Virginia Public School Authority, Virginia Public Build-ing Authority, Virginia College Building Authority, the Treasury Board, and the Debt Capacity Advi-sory Committee. Treasury participated in financing about $877 million in debt in 2000. The agency also operates, for state agencies, a central mail function that processed over 17.8 million pieces of mail in 2000.

     About half of the agency’s budget comes from two nongeneral fund sources: unclaimed property funds recovered by the state on behalf of citizens and businesses, and premiums for insurance servic-es charged to state agencies, institutions, boards, commissions, and authorities and to political subdi-visions. Last year, the agency spent about $3.3 million to collect over $45 million in unclaimed prop-erty. Of this amount, the agency returned over $14 million to owners and transferred $26 million to the Literary Fund.

     As of July 1, 2000, the agency assumed responsibility for the Division of Risk Management from the Department of General Services. The Division of Risk Management provides liability and proper-ty insurance services and fidelity bonding for all state agencies, institutions, boards, commissions, their officials, employees, agents and volunteers as well as all constitutional officers and their em-ployees. The division also provides general, public official, and law enforcement liability insurance to over 675 political subdivisions and the Virginia Railway Express commuter railroad.

     The agency does not receive any federal funds.

    Recommended amendments:

    ; Fund workload management changes. An increase in funds to handle the additional workload

    related to issuing and administering the debt of the Commonwealth. Additional resources are al-

    so provided for the postage rate increase scheduled for January 2001. For 2001, $41,580 (GF). For

    2002, $144,129 (GF) and two positions (GF).

    ; Transfer financing functions from VDOT. An increase in funds to reflect a transfer of the staff

    function for bond issuance and financial advisory analysis and assistance associated with the

    Public Private Transportation Act from the Virginia Department of Transportation to this agency,

    where it is more appropriately performed. For 2001, $199,100 (NGF) and four positions (NGF).

    For 2002, $242,263 (NGF).

    ; Produce executive management savings. Savings from a reduction of three percent in 2001 and

    six percent in 2002 to selected programs and activities to be achieved by agency management ac-

    tions such as improved business practices, technology enhancements, operational efficiencies, or

    other cost-containment measures. In addition, the agency is to achieve savings by expanding the

    use of web-based publishing. In conjunction with legislation, this action also includes allowing

    the agency to invest in “BBB”-rated corporate notes, which will generate additional general fund

    revenue for the Commonwealth. For 2001, a savings of $25,897 (GF). For 2002, a savings of

    $49,371 (GF).

     OFFICE OF FINANCE B-123

; Implement central account adjustments. Adjustments to properly distribute to agencies amounts

    that were included in a central account in the 2000 Appropriation Act:

    Achieve productivity savings. A reduction in funds to reflect productivity savings called for in

    the 2000 Appropriation Act, which set aside savings totaling $91.7 million statewide from the gen-

    eral fund. This agency’s savings strategies include: implementing e-procurement, implementing

    personal services efficiencies, expanding the use of the Internet for recruitment actions, and im-

    plementing telecommunications contract savings. For 2001, a savings of $16,266 (GF). For 2002, a

    savings of $59,830 (GF).

    Effect other technical adjustments. A net reduction in funds to reflect adjustments for savings as-

    sociated with the suspension of performance indemnity bond premium payments, and the new

    state COVANET telecommunications contract. For 2002, a reduction of $3,088 (GF).

Treasury Board

     The board approves the terms and structure of bonds supported from state appropriations that are issued by Commonwealth agencies, institutions, boards, and authorities. It also issues general obliga-tion bonds of the Commonwealth. In 2000, the board issued $45 million in general obligation bonds and short-term commercial paper, and approved nine other bond issues totaling over $677 million. The board also supervises the investment of state funds, oversees the collateralization of state and lo-cal bank deposits, and administers a program to manage state and local government bond proceeds.

     Over 99 percent of the board’s budget is used for principal and interest payments on bonds and other obligations, including state reimbursements made over time for local and regional jail construc-tion.

     The board’s membership consists of the state treasurer, the state comptroller, the state tax com-

    missioner, and four additional citizens appointed by the Governor. The board is treated as a separate state agency for budget purposes, but it has no employees. The agency does not receive any federal funds.

    Recommended amendments:

    ; Provide debt service for juvenile detention facilities. An increase in funding to provide debt

    service payments on bonds to be issued for the state’s share of the construction of local juvenile

    detention centers. For 2002, $864,675 (GF).

    ; Produce executive management savings. Savings to be achieved by revising the debt service

    funding schedule, expanding the use of web-based publishing, and eliminating per diem pay-

    ments for members of commissions. For 2001, a savings of $735,548 (GF). For 2002, a savings of

    $2,203 (GF).

    ; Implement central account adjustments. Adjustments to properly distribute to agencies amounts

    that were included in a central account in the 2000 Appropriation Act:

    Achieve productivity savings. A reduction in funds to reflect productivity savings called for in

    the 2000 Appropriation Act, which set aside savings totaling $91.7 million statewide from the gen-

    eral fund. This agency achieves savings by realizing debt issuance savings. For 2001, a savings of

    $704,319 (GF). For 2002, a savings of $1.1 million (GF).

    B-124 OFFICE OF FINANCE

    Office of

    Finance

    Detail Tables

    Fiscal Year 2001 Fiscal Year 2002

     General Nongeneral All Funds General Nongeneral All Funds SECRETARY OF FINANCE

    501,031 0 501,031 501,719 0 501,719 2000-2002 legislative appropriation

     Central accounts adjustments:

    (14) 0 (14) (45) 0 (45) ; Productivity savings

    0 0 0 (73) 0 (73) ; Other technical adjustments

    Subtotal central accounts adjustments (14) 0 (14) (118) 0 (118)

     Recommended amendments:

    (44) 0 (44) (87) 0 (87) ; Produce executive management sav-

    ings

    (44) 0 (44) (87) 0 (87) Total recommended amendments

    500,973 0 500,973 501,514 0 501,514 Total recommended funding

    % change over legislative appropriation (0.01%) 0% (0.01%) (0.04%) 0% (0.04%)

     Position Level:

     5.00 0 5.00 5.00 0 5.00 2000-2002 legislative appropriation

    Recommended amendments 0 0 0 0 0 0

     5.00 0 5.00 5.00 0 5.00 Total recommended positions

    DEPARTMENT OF ACCOUNTS

    185,750,073 2,210,218 187,960,291 245,731,708 2,210,218 247,941,926 2000-2002 legislative appropriation

     Central accounts adjustments:

     (160,134) 0 (160,134) (280,900) 0 (280,900) ; Productivity savings

    0 0 0 (4,126) 0 (4,126) ; Other technical adjustments

    Subtotal central accounts adjustments (160,134) 0 (160,134) (285,026) 0 (285,026)

     Recommended amendments:

    0 0 0 24,037,997 0 24,037,997 ; Provide funding for the Revenue

    Stabilization Fund deposit

    204,000 0 204,000 137,000 0 137,000 ; Enhance data security

    0 0 0 175,000 0 175,000 ; Expand payroll service bureau

     (131,880) 0 (131,880) (209,280) 0 (209,280) ; Adjust appropriation for aid to

    localities program

    (35,478) 0 (35,478) (63,951) 0 (63,951) ; Produce executive management

    savings

     36,642 0 36,642 24,076,766 0 24,076,766 Total recommended amendments

    185,626,581 2,210,218 187,836,799 269,523,448 2,210,218 271,733,666 Total recommended funding

    % change over legislative appropriation (0.07%) 0% (0.07%) 9.68% 0% 9.60%

    See “ How to read the detail tables” on page 9. OFFICE OF FINANCE B-125

    Fiscal Year 2001 Fiscal Year 2002

     General Nongeneral All Funds General Nongeneral All Funds

     Position Level:

     132.00 0 132.00 132.00 0 132.00 2000-2002 legislative appropriation

    Recommended amendments 0 0 0 4.00 0 4.00

     132.00 0 132.00 136.00 0 136.00 Total recommended positions

    DEPARTMENT OF PLANNING AND BUDGET

    5,663,235 1,000,000 6,663,235 5,672,698 0 5,672,698 2000-2002 legislative appropriation

     Central accounts adjustments:

    (70,273) 0 (70,273) (110,383) 0 (110,383) ; Productivity savings

    0 0 0 (1,087) 0 (1,087) ; Other technical adjustments

    Subtotal central accounts adjustments (70,273) 0 (70,273) (111,470) 0 (111,470)

     Recommended amendments:

    (58,056) 0 (58,056) (114,208) 0 (114,208) ; Produce executive management

    savings

    (58,056) 0 (58,056) (114,208) 0 (114,208) Total recommended amendments

    5,534,906 1,000,000 6,534,906 5,447,020 0 5,447,020 Total recommended funding

    % change over legislative appropriation (2.27%) 0% (1.93%) (3.98%) 0% (3.98%)

     Position Level:

    74.00 0 74.00 74.00 0 74.00 2000-2002 legislative appropriation

    Recommended amendments 0 0 0 0 0 0

    74.00 0 74.00 74.00 0 74.00 Total recommended positions

    DEPARTMENT OF TAXATION

     57,960,132 36,259,192 94,219,324 56,934,234 39,433,216 96,367,450 2000-2002 legislative appropriation

     Central accounts adjustments:

     (258,149) 0 (258,149) (891,372) 0 (891,372) ; Productivity savings

    0 0 0 (52,275) 0 (52,275) ; Other technical adjustments

    Subtotal central accounts adjustments (258,149) 0 (258,149) (943,647) 0 (943,647)

     Recommended amendments:

    197,602 0 197,602 1,581,236 0 1,581,236 ; Continue temporary relocation costs

    105,000 0 105,000 30,000 0 30,000 ; Safeguard e-government financial

    systems and transactions

    274,141 0 274,141 329,104 0 329,104 ; Fund workload management changes

     (453,605) 0 (453,605) (688,718) 0 (688,718) ; Produce executive management

    savings

    123,138 0 123,138 1,251,622 0 1,251,622 Total recommended amendments

     57,825,121 36,259,192 94,084,313 57,242,209 39,433,216 96,675,425 Total recommended funding

    % change over legislative appropriation (0.23%) 0% (0.14%) 0.54% 0% 0.32%

     Position Level:

     821.00 21.00 842.00 821.00 21.00 842.00 2000-2002 legislative appropriation

    Recommended amendments 0 0 0 0 0 0

     821.00 21.00 842.00 821.00 21.00 842.00 Total recommended positions

    B-126 OFFICE OF FINANCE See “How to read the detail tables” on page 9.

    Fiscal Year 2001 Fiscal Year 2002

     General Nongeneral All Funds General Nongeneral All Funds DEPARTMENT OF THE STATE INTERNAL AUDITOR

    759,141 0 759,141 760,155 0 760,155 2000-2002 legislative appropriation

     Central accounts adjustments:

    (12,594) 0 (12,594) (12,612) 0 (12,612) ; Productivity savings

    0 0 0 (355) 0 (355) ; Other technical adjustments

    Subtotal central accounts adjustments (12,594) 0 (12,594) (12,967) 0 (12,967)

     Recommended amendments:

    0 0 0 121,613 0 121,613 ; Establish an information technology

    audit program

    (77) 0 (77) (153) 0 (153) ; Produce executive management

    savings

    (77) 0 (77) 121,460 0 121,460 Total recommended amendments

    746,470 0 746,470 868,648 0 868,648 Total recommended funding

    % change over legislative appropriation (1.67%) 0% (1.67%) 14.27% 0% 14.27%

     Position Level:

     9.00 0 9.00 9.00 0 9.00 2000-2002 legislative appropriation

    Recommended amendments 0 0 0 1.00 0 1.00

     9.00 0 9.00 10.00 0 10.00 Total recommended positions

    DEPARTMENT OF THE TREASURY

    7,881,128 7,504,562 15,385,690 7,889,181 7,508,129 15,397,310 2000-2002 legislative appropriation

     Central accounts adjustments:

    (16,266) 0 (16,266) (59,830) 0 (59,830) ; Productivity savings

    0 0 0 (3,088) 0 (3,088) ; Other technical adjustments

    Subtotal central accounts adjustments (16,266) 0 (16,266) (62,918) 0 (62,918)

     Recommended amendments:

    0 199,100 199,100 0 242,263 242,263 ; Transfer financing functions from

    VDOT

     41,580 0 41,580 144,129 0 144,129 ; Fund workload management changes

    (25,897) 0 (25,897) (49,371) 0 (49,371) ; Produce executive management

    savings

     15,683 199,100 214,783 94,758 242,263 337,021 Total recommended amendments

    7,880,545 7,703,662 15,584,207 7,921,021 7,750,392 15,671,413 Total recommended funding

    % change over legislative appropriation (<0.01%) 2.65% 1.29% 0.40% 3.23% 1.78%

     Position Level:

    57.00 58.00 115.00 57.00 58.00 115.00 2000-2002 legislative appropriation

    Recommended amendments 0 4.00 4.00 2.00 4.00 6.00

    57.00 62.00 119.00 59.00 62.00 121.00 Total recommended positions

    TREASURY BOARD

    243,127,201 6,697,210 249,824,411 260,808,036 6,677,440 267,485,476 2000-2002 legislative appropriation

     Central accounts adjustments:

     (704,319) 0 (704,319) (1,080,448) 0 (1,080,448) ; Productivity savings

    See “ How to read the detail tables” on page 9. OFFICE OF FINANCE B-127

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