Fiscal Note - 5787 SB, Concerning the linked deposit program (Multiple Agency Summary, Final)

Summary

A Multiple Agency Fiscal Note Summary for 5787 SB, Concerning the linked deposit program, marked Final, followed by individual agency fiscal notes. The summary lists estimated cash receipts as NONE and zeros for operating expenditures at the Office of State Treasurer and the Office of Minority and Women's Business Enterprises. In the Office of State Treasurer note, Part I is marked No Fiscal Impact, and the narrative says SB 5787 addresses a technical issue relating to the linked deposit program and that there is no fiscal impact associated with technical amendments.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

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“Fiscal Note - 5787 SB, Concerning the linked deposit program (Multiple Agency Summary, Final).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-01-18-a29483-d237810-5787-fn-final-01-11-22-eba86571a8/, SHA-256 d8dc559053cc3648c070ef76495ed57989029b157bafa0f07bc7bfb48647faad.

Full text

Multiple Agency Fiscal Note Summary
Bill Number: 5787 SB Title: Concerning the linked deposit program.

Estimated Cash Receipts
NONE

Estimated Operating Expenditures
Agency Name 2021-23 2023-25 2025-27
FTEs GF-State NGF-Outlook Total FTEs GF-State NGF-Outlook Total FTEs GF-State NGF-Outlook Total
Office of State .0 0 0 0 .0 0 0 0 .0 0 0 0
Treasurer
Office of Minority .0 0 0 0 .0 0 0 0 .0 0 0 0
and Women's
Business
Enterprises

Total $ 0.0 0 0 0 0.0 0 0 0 0.0 0 0 0

Estimated Capital Budget Expenditures
Agency Name 2021-23 2023-25 2025-27
FTEs Bonds Total FTEs Bonds Total FTEs Bonds Total
Office of State Treasurer .0 0 0 .0 0 0 .0 0 0
Office of Minority and .0 0 0 .0 0 0 .0 0 0
Women's Business
Enterprises

Total $ 0.0 0 0 0.0 0 0 0.0 0 0

Estimated Capital Budget Breakout
NONE

Prepared by: Cheri Keller, OFM Phone: Date Published:
(360) 584-2207 Final

FNPID 63460
:
FNS029 Multi Agency rollup
Individual State Agency Fiscal Note

Bill Number: 5787 SB Title: Concerning the linked deposit program. Agency: 090-Office of State
Treasurer

Part I: Estimates
X No Fiscal Impact

Estimated Cash Receipts to:

NONE

Estimated Operating Expenditures from:
NONE

Estimated Capital Budget Impact:

NONE

The cash receipts and expenditure estimates on this page represent the most likely fiscal impact . Factors impacting the precision of these estimates ,
and alternate ranges (if appropriate ), are explained in Part II.

Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50 ,000 per fiscal year in the current biennium or in subsequent biennia , complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia , complete this page only (Part I).

Capital budget impact, complete Part IV.

Requires new rule making, complete Part V.

Legislative Contact: Clinton McCarthy Phone: 360-786-7319 Date: 01/10/2022
Agency Preparation: Dan Mason Phone: (360) 902-8990 Date: 01/11/2022
Agency Approval: Dan Mason Phone: (360) 902-8990 Date: 01/11/2022
OFM Review: Cheri Keller Phone: (360) 584-2207 Date: 01/11/2022

Form FN (Rev 1/00) 171,003.00 Request # 006-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 5787 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Briefly describe by section number , the significant provisions of the bill , and any related workload or policy assumptions , that have revenue or
expenditure impact on the responding agency .

SB 5787 addresses a technical issue relating to the linked deposit program.

There is no fiscal impact associated with technical amendments.
II. B - Cash receipts Impact
Briefly describe and quantify the cash receipts impact of the legislation on the responding agency , identifying the cash receipts provisions by section number
and when appropriate the detail of the revenue sources . Briefly describe the factual basis of the assumptions and the method by which the cash receipts
impact is derived. Explain how workload assumptions translate into estimates . Distinguish between one time and ongoing functions .

II. C - Expenditures
Briefly describe the agency expenditures necessary to implement this legislation (or savings resulting from this legislation ), identifying by section number the
provisions of the legislation that result in the expenditures (or savings ). Briefly describe the factual basis of the assumptions and the method by which the
expenditure impact is derived . Explain how workload assumptions translate into cost estimates . Distinguish between one time and ongoing functions .

Part III: Expenditure Detail
III. A - Operating Budget Expenditures
NONE
III. B - Expenditures by Object Or Purpose
NONE

III. C - Operating FTE Detail: List FTEs by classification and corresponding annual compensation . Totals need to agree with total FTEs in
Part I and Part IIIA
NONE

III. D - Expenditures By Program (optional)
NONE

Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE

IV. B - Expenditures by Object Or Purpose
NONE

IV. C - Capital Budget Breakout
Identify acquisition and construction costs not reflected elsewhere on the fiscal note and describe potential financing methods
NONE

IV. D - Capital FTE Detail: List FTEs by classification and corresponding annual compensation . Totals need to agree with total FTEs in
Part IVB

NONE

Concerning the linked deposit program. 090-Office of State Treasurer
Form FN (Rev 1/00) 171,003.00 Request # 006-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 5787 SB
Part V: New Rule Making Required

Concerning the linked deposit program. 090-Office of State Treasurer
Form FN (Rev 1/00) 171,003.00 Request # 006-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 5787 SB
Individual State Agency Fiscal Note

Bill Number: 5787 SB Title: Concerning the linked deposit program. Agency: 147-Office of Minority and
Women's Business
Enterprises

Part I: Estimates
X No Fiscal Impact

Estimated Cash Receipts to:

NONE

Estimated Operating Expenditures from:
NONE

Estimated Capital Budget Impact:

NONE

Capital budget impact, complete Part IV.

Requires new rule making, complete Part V.

Legislative Contact: Clinton McCarthy Phone: 360-786-7319 Date: 01/10/2022
Agency Preparation: Paul Bitar Phone: 360-407-8129 Date: 01/12/2022
Agency Approval: Paul Bitar Phone: 360-407-8129 Date: 01/12/2022
OFM Review: Cheri Keller Phone: (360) 584-2207 Date: 01/12/2022

Form FN (Rev 1/00) 171,414.00 Request # 147-5787SB-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 5787 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Briefly describe by section number , the significant provisions of the bill , and any related workload or policy assumptions , that have revenue or
expenditure impact on the responding agency .

The bill makes changes to the Linked Deposit Program in Chapter 43.86A RCW, removing requirements that state
funding must be invested through certificates of deposit. This portion of the Linked Deposit Program is administered by
the treasurer’s office. The bill is not expected to affect OMWBE’s administration of the program or the volume of work
required.
II. B - Cash receipts Impact
Briefly describe and quantify the cash receipts impact of the legislation on the responding agency , identifying the cash receipts provisions by section number
and when appropriate the detail of the revenue sources . Briefly describe the factual basis of the assumptions and the method by which the cash receipts
impact is derived. Explain how workload assumptions translate into estimates . Distinguish between one time and ongoing functions .

Part III: Expenditure Detail
III. A - Operating Budget Expenditures
NONE
III. B - Expenditures by Object Or Purpose
NONE

III. C - Operating FTE Detail: List FTEs by classification and corresponding annual compensation . Totals need to agree with total FTEs in
Part I and Part IIIA
NONE

III. D - Expenditures By Program (optional)
NONE

Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE

IV. B - Expenditures by Object Or Purpose
NONE

IV. C - Capital Budget Breakout
Identify acquisition and construction costs not reflected elsewhere on the fiscal note and describe potential financing methods
NONE

IV. D - Capital FTE Detail: List FTEs by classification and corresponding annual compensation . Totals need to agree with total FTEs in
Part IVB

NONE

Concerning the linked deposit program. 147-Office of Minority and Women's Business Enterprise
Form FN (Rev 1/00) 171,414.00 Request # 147-5787SB-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 5787 SB
Part V: New Rule Making Required

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