SF 10

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 08:07am

A bill for an act
relating to finance; requiring balanced budget for an additional biennium;
amending Minnesota Statutes 2010, section 16A.11, subdivisions 2, 3.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2010, section 16A.11, subdivision 2, is amended to read:

Subd. 2.

Part one: message.

Part one of the budget, the governor's message, shall
include the governor's recommendations on the financial policy of the state for the coming
biennium, describing the important features of the budget plan, embracing a general budget
summary setting forth the aggregate figures of the budget so as to show the balanced
relation between the total proposed expenditures and the total anticipated income, with
the basis and factors on which the estimates are made, the amount to be borrowed, and
other means of financing the budget for the coming biennium new text begin and an additional biennium new text end ,
compared with the corresponding figures for at least the last two completed fiscal years
and the current year. The budget plan shall be supported by explanatory schedules or
statements, classifying its expenditures by agencies and funds, and the income by agencies,
sources, funds, and the proposed amount of new borrowing, as well as proposed new tax
or revenue sources. The budget plan shall be submitted for all special and dedicated funds,
as well as the general fund, and shall include the estimated amounts of federal aids, for
whatever purpose provided, together with estimated expenditures from them.

Sec. 2.

Minnesota Statutes 2010, section 16A.11, subdivision 3, is amended to read:

Subd. 3.

Part two: detailed budget.

(a) Part two of the budget, the detailed budget
estimates both of expenditures and revenues, must contain any statements on the financial
plan which the governor believes desirable or which may be required by the legislature.
The detailed estimates shall include the governor's budget arranged in tabular form.

(b) Tables listing expenditures for the deleted text begin next deleted text end new text begin coming new text end biennium new text begin and an additional
biennium new text end must show the appropriation base for each year. The appropriation base is
the amount appropriated for the second year of the current biennium. The tables must
separately show any adjustments to the base required by current law or policies of the
commissioner of management and budget. For forecasted programs, the tables must also
show the amount of the forecast adjustments, based on the most recent forecast prepared
by the commissioner of management and budget under section 16A.103. For all programs,
the tables must show the amount of appropriation changes recommended by the governor,
after adjustments to the base and forecast adjustments, and the total recommendation of
the governor for that year.

(c) The detailed estimates must include a separate line listing the total cost of
professional and technical service contracts for the prior biennium and the projected costs
of those contracts for the current and upcoming biennium. They must also include a
summary of the personnel employed by the agency, reflected as full-time equivalent
positions.

(d) The detailed estimates for internal service funds must include the number of
full-time equivalents by program; detail on any loans from the general fund, including
dollar amounts by program; proposed investments in technology or equipment of $100,000
or more; an explanation of any operating losses or increases in retained earnings; and a
history of the rates that have been charged, with an explanation of any rate changes and
the impact of the rate changes on affected agencies.

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end