COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:3499S.01I Bill No.:SB 1048 Subject:State Auditor; Political Subdivisions; County Officials; Insurance - General Type:Original Date:January 11, 2024Bill Summary:Modifies the powers of the State Auditor.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net
Effect on General
Revenue $0$0$0
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net
Effect on Other State
Funds $0$0$0
Numbers within parentheses: () indicate costs or losses. L.R. No. 3499S.01I
Bill No. SB 1048
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net
Effect on All Federal
Funds $0$0$0
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net
Effect on FTE 000
☐ Estimated Net Effect (expenditures or reduced revenues) expected to exceed $250,000 in any
of the three fiscal years after implementation of the act or at full implementation of the act.
☐ Estimated Net Effect (savings or increased revenues) expected to exceed $250,000 in any of
the three fiscal years after implementation of the act or at full implementation of the act.
ESTIMATED NET EFFECT ON LOCAL FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Local Government$0$0$0 L.R. No. 3499S.01I
Bill No. SB 1048
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FISCAL ANALYSIS
ASSUMPTION
Officials from the Missouri State Auditor and the Department of Commerce and Insurance
each assume the proposal will have no fiscal impact on their respective organizations.
In response to a similar proposal from 2023 (SB 645), officials from the Missouri Office of
Prosecution Services also assumed no fiscal impact.
Oversight notes that the above mentioned agencies have stated the proposal would not have a
direct fiscal impact on their organization. Oversight does not have any information to the
contrary. Therefore, Oversight will reflect a zero impact on the fiscal note.
Oversight only reflects the responses that we have received from state agencies and political
subdivisions; however, counties were requested to respond to this proposed legislation but did
not. A general listing of political subdivisions included in our database is available upon request.
FISCAL IMPACT – State GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027$0$0$0FISCAL IMPACT – Local GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027$0$0$0
FISCAL IMPACT – Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
The proposed legislation appears to have no direct fiscal impact.
This legislation is not federally mandated, would not duplicate any other program and would not
require additional capital improvements or rental space. L.R. No. 3499S.01I
Bill No. SB 1048
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SOURCES OF INFORMATION
Office of the State Auditor
Department of Commerce and Insurance
Missouri Office of Prosecution Services
Julie MorffRoss StropeDirectorAssistant DirectorJanuary 11, 2024January 11, 2024