The 2009 Executive Budget Document
State Corporation Commission
Mission Statement
Have custody of and preserve all records, documents, papers and files of the Commission and make them available for public examination. When requested, make and certify copies of documents and furnish information from Commission records. Process and maintain corporate, limited liability company, business trust and partnership filings, Uniform Commercial Code financing and related statements and federal tax liens. Receive all registration fees, fines, penalties and judgments imposed by the Commission. Issue all notices, writs, processes or orders awarded by the Commission. Keep a record of all proceedings, orders and findings of the public sessions of the Commission.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 0 | $ 89,898,495 | 653.00 |
2006 Appropriation | $ 0 | $ 92,671,801 | 653.00 |
2007 Appropriation | $ 0 | $ 89,574,141 | 653.00 |
2008 Appropriation | $ 0 | $ 78,407,241 | 653.00 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 0 | $ 93,132,390 | 653.00 |
2009 Addenda | $ 0 | $ (6,843,659) | 0.00 |
2009 Total | $ 0 | $ 86,288,731 | 653.00 |
2010 Base Budget | $ 0 | $ 93,170,430 | 653.00 |
2010 Addenda | $ 0 | $ (6,881,445) | 5.00 |
2010 Total | $ 0 | $ 86,288,985 | 658.00 |
Recommended Operating Budget Addenda
-
Correct service area fundingTransfer funds to correct the allocation to the Regulation of Public Utilities service area. This net zero adjustment is due to an error in allocation of administrative support costs.
-
Reduce appropriation for Distribution of Uninsured Motorist FundAdjusts estimates for the Uninsured Motorist Fund to reflect action taken by the 2008 General Assembly which allows the Department of Motor Vehicles to retain additional dollars. For 2009, a decrease of $6.8 million (NGF). For 2010, a decrease of $7.3 million (NGF).
-
Increase appropriation and position level for Utility SafetyIncreases appropriation and position level for the Utility Safety division due to workload increases. This action adds an additional associate general counsel, three additional new inspectors, and due to reorganization an additional inspector in the damage prevention section of the utility safety division. For 2010, $390,000 (NGF) and an increase of five positions.
Budget Reduction Strategies
December Reduction Strategies
-
Transfer unobligated cash balance to the general fund
Transfers from the State Corporation Commission an anticipated unobligated balance of $1,118,384 on or before June 30, 2009.
FY 2009 FY 2010 Revenue / Transfers $ 1,118,384 $ 0