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| SPONSOR: | Salazar | DATE TYPED: | 02/03/00 | HB | 68 | ||
| SHORT TITLE: | Village of Pecos | SB | |||||
| ANALYST: | Gonzales | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY00 | FY01 | FY00 | FY01 | ||
| $ 140.0 | Non-Recurring | GF | |||
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
House Bill 68 appropriates $140.0 from the general fund to assist the Village of Pecos in San Miguel County with its operations for expenditure in FY01.
Significant Issues
According to the Local Government Division, DFA, the Village of Pecos has a general fund deficit cash balance of $109.4 and general fund liabilities of $55.8 which do not include the remaining operational costs for the rest of the year of approximately $150.0. At the end of the year, it is estimated that the Village of Pecos will have an estimated general fund deficit balance of $157.8.
This appropriation would also help the Village of Pecos repay a $25.0 loan granted by the State Board of Finance.
FISCAL IMPLICATIONS
This bill makes a general fund appropriation of $140.0 to DFA for expenditure in FY01. Unexpended or unencumbered balances remaining at the end of FY01 revert to the general fund.
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