Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Legislative Council Staff ∙ 200 E. Colfax Ave, Room 029 ∙ Denver CO 80203
Fiscal Note
Memorandum
April 10, 2024
TO: Members of the House Health & Human Services Committee
FROM: Shukria Maktabi, Fiscal Analyst
shukria.maktabi@coleg.gov | (303-866-4720)
SUBJECT: Fiscal Assessment of Proposed Amendment SB008_L.006
This memorandum is an assessment of the fiscal impact of the attached proposed amendment
L.006 to SB24-008. This fiscal assessment is for the impact of the bill with inclusion of this
amendment only. Any other added amendment could influence the fiscal impact.
Summary of Proposed Amendment
Amendment L.006 modifies the bill to reduce non-certified kinship home payments from
50 percent of the foster care rate to 30 percent of the rate.
Fiscal Impact of Amendment
Relative to the published fiscal note, Amendment L.006 would reduce state expenditures in the
Department of Human Services from $16.8 million in FY 2024-25 and $37.2 million in
FY 2025-26, to $13.4 million in FY 2024-25 and $29.0 million in FY 2025-26. This is from
reducing estimated annual payments from $4,029 (50 percent) to $2,417 (30 percent) for 4,162
non-certified kinship homes that are assumed to receive financial assistance, as outlined in the
fiscal note Assumptions section. As a portion of the costs for non-certified payments are eligible
for federal funding through unspent state TANF funds in the Colorado Works Long-Term
Reserve, the amount of General Fund required by the bill overall will be reduced.
Bill’s Revised Fiscal Impact with Amendment
With Amendment L.006, the bill will have the fiscal impact identified in Table 1 below. For
FY 2024-25, the bill will require total appropriations of $13.4 million to multiple state agencies,
including:
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$13,388,370 and 2.5 FTE to the Department of Human Services, of which $1,146,248 is General
Fund, $4,561,004 is from the Colorado Long-Term Works Reserve, $1,221,710 is cash funds
consisting of county matching funds, and $11,020,413 is federal funds; and
$55,748 to the Department of Public Safety from the CBI Identification Unit Cash Fund and
0.3 FTE, of which $20,070 is reappropriated funds passed through to the federal government
for FBI background check costs.
Table 1
State Fiscal Impacts Under SB 24-008
Budget Year
FY 2024-25
Out Year
FY 2025-26
Revenue Cash Funds $70,468 $23,503
Total Revenue $70,468 $23,503
Expenditures General Fund $1,146,248 $11,605,281
Colorado Long-Term Works Reserve $4,561,004 -
Cash Funds $1,277,458 $2,796,570
Federal Funds $6,459,409 $14,590,650
Centrally Appropriated $52,113 $57,480
Total Expenditures $13,496,232 $29,049,980
Total FTE 2.8 FTE 3.1 FTE
Transfers - -
Other Budget Impacts TABOR Refund $50,398 $16,809
General Fund Reserve $171,937 $1,740,792