STATEMENT OF PURPOSE
RS31534 / S1401
This appropriation to the State Treasurer provides enhancements to the FY 2025 maintenance budget that
includes additional personnel costs and 2.00 FTP for unclaimed property agents, and the additional 2% CEC.
FISCAL NOTE
This appropriation provides an additional $217,700 to the maintenance appropriation provided to the State
Treasurer found in Senate Bill 1267. Table 1 shows incremental adjustments to the budget found in the bill,
of which the ongoing increase is $217,700 and there are no onetime appropriations. Table 2 shows all the
adjustments leading to the FY 2025 Total. The total budget for the State Treasurer is $5,174,500.
Table 1 FTP Gen Ded Fed Total
1. Unclaimed Property - Claims Agents 2.00 0 170,000 0 170,000
Additional 2% Change in Employee Compensation 0.00 15,500 32,200 0 47,700
FY 2025 Budget Enhancements 2.00 15,500 202,200 0 217,700
% Chg from FY 2025 Maintenance 7.1% 1.0% 6.1% 4.4%
Table 2 FTP Gen Ded Fed Total
FY 2024 Original Appropriation 28.00 1,622,100 3,309,800 0 4,931,900
FY 2025 Base 28.00 1,622,100 3,309,800 0 4,931,900
Personnel Benefit Costs 0.00 (1,200) (5,100) 0 (6,300)
Statewide Cost Allocation 0.00 400 3,500 0 3,900
1% Change in Employee Compensation 0.00 9,200 18,100 0 27,300
FY 2025 Program Maintenance - SB 1267 28.00 1,630,500 3,326,300 0 4,956,800
FY 2025 Budget Enhancements 2.00 15,500 202,200 0 217,700
FY 2025 Total 30.00 1,646,000 3,528,500 0 5,174,500
Chg from FY 2024 Orig Approp. 2.00 23,900 218,700 0 242,600
% Chg from FY 2024 Orig Approp. 7.1% 1.5% 6.6% 4.9%
Contact:
Senator Scott Herndon
(208) 332-1349
Representative James Petzke
(208) 332-1043
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/04/2024, 12:44 PM