Bill Text: AZ HB2467 | 2012 | Fiftieth Legislature 2nd Regular | Engrossed
Bill Title: State budget reports; financial condition
Spectrum: Partisan Bill (Republican 9-0)
Status: (Engrossed - Dead) 2012-03-13 - Referred to Senate RULES Committee [HB2467 Detail]
Download: Arizona-2012-HB2467-Engrossed.html
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House Engrossed |
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State of Arizona House of Representatives Fiftieth Legislature Second Regular Session 2012
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HOUSE BILL 2467 |
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AN ACT
amending title 35, chapter 1, article 1, Arizona Revised Statutes, by adding section 35-104; AMENDING SECTION 35‑115, Arizona Revised Statutes; Amending title 35, chapter 1, article 2, Arizona Revised Statutes, by adding section 35‑125; AMENDING SECTION 41‑562, Arizona Revised Statutes; relating to STATE BUDGET REPORTS.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 35, chapter 1, article 1, Arizona Revised Statutes, is amended by adding section 35-104, to read:
35-104. State financial condition; reports
A. The state treasurer shall prepare and submit to the governor, the president of the senate and the speaker of the house of representatives on the first day of each regular session of the legislature a statement under oath that describes the financial condition of the state treasury at the close of the preceding fiscal year and that contains an estimate of the probable receipts and disbursements from the state treasury for the current fiscal year. The statement shall include an itemized estimate of the anticipated revenue from all sources based on the laws in effect that will be received by this state. The state treasurer shall submit a supplemental statement of financial condition within ten days after the end of each fiscal quarter. The department of administration and the department of revenue shall provide at no cost to the state treasurer the information necessary to complete the statement required by this subsection in a manner and schedule prescribed by the state treasurer.
B. After the enactment of the general appropriations act, the state treasurer shall prepare a statement of whether the amount appropriated is within the amount estimated to be available in the affected funds. The information prepared by the state treasurer pursuant to this subsection shall be submitted to the governor, the president of the senate and the speaker of the house of representatives and shall be posted on the state treasurer's official website.
Sec. 2. Section 35-115, Arizona Revised Statutes, is amended to read:
35-115. Contents of budget report
Each budget report as required by section 35‑111 shall include the following:
1. Summary statements of the financial condition of the state, to include:
(a) A consolidated balance sheet showing all current assets and liabilities of the state at the close of the fiscal year last concluded.
(b) Summary statements of the actual income and expenditures of the fiscal year last concluded.
(c) Similar summary statements of estimated fund balances for the current fiscal year.
2. Schedules showing actual income from each source for the preceding fiscal year and the estimated income of the current fiscal year and of the two ensuing fiscal years for biennial budget units and for the next fiscal year for annual budget units. The statements of income and estimated income shall be itemized by source, by budget units and sources, and by funds and shall show separately revenue from nonrevenue, all detailed by sources.
3. Detailed comparative statements of expenditures and requests for appropriations by funds, budget units, budget programs and budget classes, showing the expenditures for the fiscal year last concluded, and the estimated expenditures for the current year, and the request of each budget unit and the governor's recommendations for appropriations for the two ensuing fiscal years for biennial budget units and for the next fiscal year for annual budget units, all distributed according to budget programs and budget classes. In connection with each expenditure involving construction projects to be completed in one or more fiscal years, there shall be shown the total estimated cost of each project and the amount recommended to be appropriated and expended in each ensuing fiscal year until completion of the project. The state capital improvement plan and the governor's recommendations concerning the plan shall be incorporated into the budget report.
4. A summary statement for each fund of the cash resources estimated to be available at the beginning of the next two fiscal years for biennial budget units and for the next fiscal year for annual budget units and the estimated cash receipts for the two ensuing fiscal years for biennial budget units and for the next fiscal year for annual budget units, as compared with the total recommended amounts for appropriations for all budget programs and budget classes for the two ensuing fiscal years for biennial budget units and for the next fiscal year for annual budget units, and if the total of the recommended expenditures exceeds the total of the estimated resources, recommendations as to how the deficiency is to be met and estimates of receipts from any proposed additional revenues.
5. Each fiscal year for annual budget units and biennially for biennial budget units, delineation of requested expenditures for administrative costs, including administrative personnel salaries and employee related expenses and direct, indirect and shared costs for administrative office space, equipment, supplies and overhead. For the purposes of this paragraph, "administrative" means any supportive activity relating to management, supervision, budget or execution of the affairs of the budget unit as distinguished from activities relating to its primary direct service functions. The process of delineation and determination of what constitutes administrative costs for each budget unit shall be developed by the governor's office of strategic planning and budgeting in consultation with the director and staff of the joint legislative budget committee.
6. A summary on one page or less providing selected performance measures of the budget unit for the previous fiscal year and the budget years. The performance measures may be expressed as service level measures on a unit cost basis and shall be established by the governor's office of strategic planning and budgeting in consultation with the director and staff of the joint legislative budget committee.
7. A separate statement on the first page of the budget report indicating whether the total amount of state revenues, as defined by article IX, section 17, Constitution of Arizona, included in the report for expenditure in the next fiscal year, including expenditures by the legislature, the judiciary, the Arizona board of regents and the department of transportation, will or will not exceed the amount of state revenues appropriated for the current fiscal year, adjusted according to the annual change in the population of this state, for the cost of living as reported by the economic estimates commission pursuant to section 41-562, subsection C, paragraph 2 and enrollment and caseload growth attributed to programs or services provided by the Arizona health care cost containment system, the state department of corrections, the department of economic security, the department of education and the department of health services. The statement shall also assert the difference between the proposed expenditure levels and the appropriations limitation established by article IX, section 17, constitution of Arizona. The governor shall prominently post the statement on the governor's office website through June 30 after the budget report is issued. For the purposes of this paragraph, appropriations of state revenues that are authorized and available for expenditure in more than one fiscal year and that are exempt from the provisions of section 35-190 relating to lapsing of appropriations shall be considered to have been appropriated for expenditure only in the first authorized fiscal year regardless of whether any of those amounts have been or may be carried forward.
Sec. 3. Title 35, chapter 1, article 2, Arizona Revised Statutes, is amended by adding section 35-125, to read:
35-125. Legislative budget; statement of increased appropriations
Each year before transmitting the general appropriation act to the governor, the legislature may adopt by concurrent resolution a statement indicating whether the total amount of state revenues, as defined by article IX, section 17, Constitution of Arizona, appropriated in that legislative session for expenditure in the next fiscal year by all budget units will or will not exceed the amount of state revenues appropriated for the current fiscal year, adjusted according to the annual change in the population of this state, for the cost of living as reported by the economic estimates commission pursuant to section 41-562, subsection C, paragraph 3 and enrollment and caseload growth attributed to programs or services provided by the Arizona health care cost containment system, the state department of corrections, the department of economic security, the department of education and the department of health services. The statement shall also assert the difference between the proposed expenditure levels and the appropriations limitation established by article IX, section 17, constitution of Arizona. The legislature shall also prominently post the concurrent resolution on the legislature's website through December 31 of the calendar year it was adopted. For the purposes of this section, Appropriations of state revenues that are authorized and available for expenditure in more than one fiscal year and that are exempt from the provisions of section 35-190 relating to lapsing of appropriations shall be considered to have been appropriated for expenditure only in the first authorized fiscal year regardless of whether any of those amounts have been or may be carried forward.
Sec. 4. Section 41-562, Arizona Revised Statutes, is amended to read:
41-562. Powers and duties of the commission; definition
A. The economic estimates commission shall determine and report to the legislature prior to before January 15 of each year the following:
1. The estimated total personal income in Arizona for the next fiscal year.
2. The estimated total personal income in Arizona for the current fiscal year.
3. The estimated percentage change per capita of estimated total personal income in Arizona for the next fiscal year.
4. The estimated per capita personal income in Arizona for the current fiscal year.
B. Other state agencies shall assist the economic estimates commission in furnishing available data and information necessary for development of the required estimates. In no event shall the commission authorize an independent study or employ consultants in the performance of its duties.
C. The economic estimates commission shall determine and publish prior to before:
1. November 15 of each year the maximum dollar amount which that is expected to be available for legislative appropriation from state tax revenues pursuant to article IX, section 17, of the Constitution of Arizona, for the succeeding fiscal year. The dollar amount available for appropriation from state tax revenues shall be computed by multiplying together the appropriation percentage limitation for the succeeding fiscal year and the estimated total personal income of the state of Arizona for the succeeding fiscal year.
2. DECEMBER 15 of each year:
(a) The positive or negative percentage change from the preceding year in the population of this state, using the most recent United States decennial census or the most recent annual update of the census by the department of ECONOMIC security.
(b) The positive or negative percentage change from the preceding year in the cost of living, using the implicit price deflator for the gross national product reported by the United States department of commerce for the four most recent calendar quarters for which data are available.
3. March 31 of each year any revisions to the percentages reported pursuant to paragraph 2, subdivisions (a) and (b) of this subsection.
D. For the purposes of this section, "total personal income" means the dollar amount that will be reported as total income received by persons in the state of Arizona by the United States department of commerce or its successor agency.
Sec. 5. Effective date
This act is effective from and after December 31, 2014.
