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F I S C A L I M P A C T R E P O R T

SPONSOR Youngberg

ORIGINAL DATE

LAST UPDATED

2/20/07

HB 1287

SHORT TITLE FULL-TIME CORRALES BOOKKEEPER

SB

ANALYST Propst

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY07

FY08

$75.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Department of Finance and Administration (DFA)

SUMMARY

Synopsis of Bill

House Bill 1287 appropriates $75.0 from the General Fund to the Department of Finance and

Administration to hire a full-time bookkeeper in the Village of Corrales.

FISCAL IMPLICATIONS

The appropriation of $75.0 contained in this bill is a recurring expense to the General Fund. Any

unexpended or unencumbered balance remaining at the end of FY08 shall revert to the General

Fund.

SIGNIFICANT ISSUES

DFA reports that the Village of Corrales has 3 FTEs including a finance director to manage a

$7,900.0 budget. The additional FTE would support the increasing budgetary demands of the

Village as it evolves to keep pace with the infrastructure and population spill-over related to

exponential population growth in the two adjacent municipalities of Albuquerque and Rio

Rancho.

WEP/mt