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State of Ohio - Controlling Board Request
STATE OF OHIO
CONTROLLING BOARD
30 East Broad Street, 34th Floor
Columbus, Ohio 43215-3457
(614) 466-5721 FAX:(614) 466-3813
FUND/APPROPRIATION REQUEST Controlling Board No.
COM0100226
Status:  Approved
Meeting Date:  12/4/2017

GENERAL INFORMATION

Agency
Commerce


Division/Institution
Unclaimed Funds

Authorization Requested Pursuant
to Revised Code Section 131.35
Increase Appropriation Authority
Create a New Fund
Establish Appropriation Authority
Fiscal Year(s)
2018
Bill No.
49

FUNDING INFORMATION
Fund
Group
Fund
Code
Appropriation
Line Item
Fund/Appropriation
Line Item Name
FYCurrent Appropriation AmountAmount of Increase or New Fund Total
Appropriation Amount
5430 800602 UNCLAIMED FUNDS-OPERATING 2018
$7,984,977.00
$2,000,000.00
$9,984,977.00

SIGNATURES
     
Jacqueline T. Williams 12/04/2017
   
Agency Director or Authorized Agent On The Date Of
   
11/13/2017 Christine Morrison
   
Date Controlling Board President/OBM Director
   
AGENCY CONTACT
Name:  David E Hannan Title:  Chief Fiscal Officer
Phone:  (614) 995 - 5514 Fax:  (614) 995 - 2287 E-Mail:  david.hannan@com.state.oh.us
REQUIRED EXPLANATION OF REQUEST
  The Department of Commerce respectfully requests Controlling Board approval to increase appropriation authority in the amount of $2,000,000 in Fund 5430, ALI 800602 (Unclaimed Funds Operating), in FY2018 for the purpose of paying fees to contingency auditors for identifying and reporting unclaimed properties to the state.
 
  Pursuant to Sec. 169.03 of the Revised Code, the Department of Commerce may enter into agreements with contract auditors for the purpose of examining the records of holders, determining compliance with the unclaimed funds laws, and collecting, taking possession of, and remitting to the Department?s Division of Unclaimed Funds the amounts found and defined as unclaimed. Contract auditors are paid a percentage of the amount of unclaimed funds they report and remit. Based upon anticipated reporting, it has been determined that the current appropriation is insufficient to pay contract auditors for the balance of fiscal year 2018. The Department requests an additional $2,000,000.00 to satisfy its anticipated obligations for the remainder of the current fiscal year.  
  COM0100194
COM0100171
 
Attachments Controlling Board Request No.: COM0100226
Attachment TypeAttachment Description
No attachments found.

Fund/Appropriation Request 
Required Information
Controlling Board Request No.: COM0100226
1. Identify the source of additional revenue (e.g., increase in fee, increase in state or federal grants, etc.).
  Unclaimed funds reported by holders.
   
2. If applicable, explain why creating and/or increasing a new fund and/or line item is more appropriate than depositing the revenue into an existing fund and increasing the appropriation authority of an existing line item.
  N/A
   
3.
Time line: Has the revenue been received? No
 
When is the revenue expected to become available? December 2017 to June 2018
4. For federal funds only, provide the following information:
 
a. Grant identification number from the Catalog of Federal Domestic Assistance: N/A
b. Amount of state matching funds required: 0
c. Source (appropriation line item) of that match:
d. Statutory or executive authority for participation in the program:
  Include a brief summary of the text or a copy of the reference.  
  N/A
   
5. How will the additional appropriation and/or cash be used?
  The additional appropriation will be used to pay for purchased personal services from contingency auditors who conduct unclaimed funds audits during the fiscal year.
   
  Provide the following information below relative to this budgetary adjustment. NOTE: If a new fund and new appropriation authority are being requested, the "Current" and "Requested" columns are not required.
 
Account Category Account Category Description Current Appropriation Authority Requested Increase in Appropriation Total Appropriation Authority
500   Personal Services - Payroll   $4,119,432.00   $0.00   $4,119,432.00
510   Purchases Personal Services and Others   $2,296,995.00   $2,000,000.00   $4,296,995.00
520   Supplies and Maintenance   $1,558,550.00   $0.00   $1,558,550.00
530   Equipment   $10,000.00   $0.00   $10,000.00
550   Subsidies and Shared Revenue   $0.00   $0.00   $0.00
570   Capital Items   $0.00   $0.00   $0.00
590   Judgements, Settlements and Bonds   $0.00   $0.00   $0.00
Other   Other   $0.00   $0.00   $0.00
Total: $7,984,977.00 $2,000,000.00 $9,984,977.00
   
6. For each additional amount shown in the table, provide a short description of what the dollars will be used to accomplish. For example, if increasing a subsidy account category, provide detail on the added recipients or the allocation formula for distribution of moneys. For Account Category 500, respond to specific questions in number 9 below.
 
Account Category Short Description
500 N/A
510 Contractual obligations for contingency auditors
520 N/A
530 N/A
550 N/A
570 N/A
590 N/A
Other N/A
   
7. Will this transfer be used to maintain current service levels, expand an existing program or activity, or begin a new program? Explain.
  N/A This is not a transfer of funds.
   
8. Based upon the response to number 7, explain how these services or programs would have been funded if this
additional funding were not available.
  N/A
   
9. Account Category 500-Personal Services:
 
a. Explain why changes are being requested in the personal services account category 500.
N/A
b. How many existing staff are being affected by this transfer? 0
What appropriation line item are they currently being paid?  N/A
c. How would these existing staff have been affected if these additional funds were not available?
Existing staff will not be affected.
d. Will new staff be hired as a result of the additional funds?  No
   
10.  List any other transfers involving these appropriation line items and/or cash approved by the Controlling Board in the current biennium, including the date and requested amount of the adjustment(s).
 
ALITransfer DateTransfer AmountCBR Number