SF0052 • 2017

Fund balance definition.

AN ACT relating to administration of government; providing a definition of fund balance for purposes of the state budgetary process; and providing for an effective date.

Budget

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Appropriations
Last action: 2017-03-06
Official status: enrolled
Effective date: 7/1/2017

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2017-03-06 Governor
Governor Signed SEA No. 0023
2017-03-06 LSO
Assigned Chapter Number
2017-02-22 House
H Speaker Signed SEA No. 0023
2017-02-21 Senate
S President Signed SEA No. 0023
2017-02-16 LSO
Assigned Number SEA No. 0023
2017-02-16 House
H 3rd Reading:Passed 55-0-5-0-0
2017-02-15 House
H 2nd Reading:Passed
2017-02-14 House
H COW:Passed
2017-02-08 House
H Placed on General File
2017-02-08 House
H02 - Appropriations:Recommend Do Pass 7-0-0-0-0
2017-02-06 House
H Introduced and Referred to H02 - Appropriations
2017-01-25 House
H Received for Introduction
2017-01-25 Senate
S 3rd Reading
2017-01-24 Senate
S 3rd Reading:Passed 30-0-0-0-0
2017-01-24 Senate
S 2nd Reading:Passed
2017-01-23 Senate
S COW:Passed
2017-01-23 Senate
S Placed on General File
2017-01-23 Senate
S02 - Appropriations:Recommend Do Pass 5-0-0-0-0
2017-01-11 Senate
S Introduced and Referred to S02 - Appropriations
2017-01-09 Senate
S Received for Introduction
2016-12-28 LSO
Bill Number Assigned

Official Summary Text

Bill Summary

Bill No.:
SF0052
Effective
:
7/1/2017

LSO No.:
17LSO-0207

Enrolled Act No.:
SEA No. 0023

Chapter No.:
[Chapter Number_RO]

Prime Sponsor:
Joint Appropriations Committee

Catch Title:
Fund balance definition.

Subject:
Codification of the
definition
of "fund balance."

Summary/Major Elements:

Previously,
the general appropriations bill
contained a definition of “Fund Balance” for purposes of the State of Wyoming’s comprehensive annual financial report.

T
his act pla
ces this definition in Wyoming S
tatutes at W.S.
9-2-1002
.

The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill
.

Current Bill Text

Read the full stored bill text

ORIGINAL
Senate
File No
.
SF0052

ENROLLED ACT NO. 23,

SENATE

SIXTY-FOURTH LEGISLATURE OF THE STATE OF WYOMING
2017 General Session

AN ACT relating to administration of government; providing a definition of fund balance for purposes of the state budgetary process; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 9
‑
2
‑
1002(
a) by creating a paragraph (x
x
ii) is amended to read:

9
‑
2
‑
1002
.

Definitions; powers generally; duties of governor; provisions construed; cooperation with legislature and judiciary; divisions enumerated.

(a)

As used in this act:

(x
x
ii)

"Fund balance," "unappropriated fund balance" or "unobligated, unencumbered fund balance,
" notwithstanding
cash or fund balances reflected in the state of Wyoming's
comprehensive annual financial report
, means:

(A)

The fund cash and petty cash balance from the comparative balance sheet by fund report which is run within five (5) business days following the close of the prior fiscal year;

(B)

Less the fund balance reserved encumbrances from the comparative balance sheet by fund report which is run within five (5) days following the close of the prior fiscal year;

(C)

Less the remaining unspent appropriations from that fund for previous biennia, including those unspent appropriations from the most recent
legislative session that were effective immediately, as computed by the state auditor's office;

(D)

Less fund reversions as computed by the state auditor's office;

(E)

Less restricted cash as determined by the state auditor's office;

(F)

Plus the net accounts receivable due from the federal government or other entities as of June 30 from the most recently completed fiscal year, as computed by the state auditor's office;

(G)

Plus mineral severance taxes, if any, to be distributed to the fund that have been earned in the most recently completed fiscal year but have not yet been distributed, as determined by the department of revenue;

(H)

Plus sales and use taxes, if any, to be distributed to the fund that have been earned in the most
recently completed fiscal year but have not yet been distributed, as determined by the department of revenue;

(J)

Plus federal mineral royalties, if any, to be distributed to the fund that have been earned in the most recently completed fiscal year but have not yet been distributed, as determined by the state treasurer's office.

Section

2
.

This
act is effective July 1,
201
7
.

(END)

1