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Investor Presentaiton

(1) Adjusted (4) Governor's DEPARTMENT / Agency Description Fund Base FY 2021 (2) (3) Recommendation Adjustments Improvements FY 2022 COMMERCE Office of the Secretary 0606 1,107,461 Tourism Office 0246 14,000,000 Forestry 0250 3,422,658 163,817 (14,000,000) 10,000 2,100,000 Geological & Economic Survey 0253 2,917,247 Development Office 0256 15,163,525 10,000 (15,163,525) Adjustments/Improvements Explanation 1,271,278 $163,817 as Commerce adjusted 0 Move and redesignate Office of Tourism as Department of Tourism. 5,532,658 $10,000 as Commerce adjusted; 2,100,000 to replace funds due to projected loss of revenue from State Forest Timber sales. 2,927,247 $10,000 as Commerce adjusted. O Move and redesignate Development Office as Department of Economic Development. Division of Labor 0260 1,843,176 Division of Natural Resources 0265 23,248,350 Miners' Health, Safety & Training 0277 11,525,820 25,000 (75,000) Bd of Coal Mine Health & Safety 0280 355,599 1,843,176 23,273,350 11,450,820 355,599 WorkForce WV 0572 59,363 59,363 Division of Energy 0612 1,244,267 (1,244,267) 0 Division of Rehabilitation Services Subtotal 0310 14,886,464 89,773,930 14,886,464 (30,273,975) 2,100,000 61,599,955 0246 14,000,000 Move and redesignate Office of Tourism as Department of Tourism. 20,029,708 $15,163,525 move from Development Office; ($133,817) made in Commerce adjustment; $5,000,000 improvement 1,244,267 Office of Energy organized within the Development Office, moved to new Department of Economic Development. TOURISM Office of the Secretary 14,000,000 ECONOMIC DEVELOPMENT Office of Secretary 0256 0 15,029,708 5,000,000 Office of Energy 0612 0 Subtotal 0 1,244,267 16,273,975 5,000,000 21,273,975 EDUCATION School Lunch Program 0303 State Department of Education 0313 2,466,907 95,209,981 23,281,798 Aid for Exceptional Children 0314 State Aid to Schools 0317 32,223,599 1,839,571,303 199,494 (89,609,367) 2,466,907 118,491,779 $4,526,005 moved from Lottery Revenue fund 3951 to General Revenue funding; $1,719,000 for Teachers' Retirement Savings Realized based on actuarial calculations; ($119,087) for Allowance for County Transfer, $17,710,000 for Increased Enrollment; ($554,102) Alternative Education Programs and Safe Schools funding (cameras) 32,423,093 Statutory Adjustments 1,749,961,936 $(12,061,000) for Teachers' Retirement System based on actuarial estimates; (5,859,000) for Retirement Systems-Unfunded Liability, and ($20,000,000) due to funding from State Debt Reduction Fund 37,578,299 Vocational Division 0390 Schools for the Deaf & the Blind 0320 Subtotal 37,269,034 14,677,888 2,021,418,712 309,265 14,677,888 (65,818,810) 0 1,955,599,902 DEPARTMENT OF ARTS, CULTURE, AND HISTORY Culture and History 0293 5,275,381 5,275,381 Library Commission 0296 1,640,790 1,640,790 Educational Broadcasting Authority 0300 3,830,691 3,830,691 Subtotal 10,746,862 0 0 10,746,862
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