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2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Lingamfelter
Audit State Agencies & Instrumentalities

Item 21 #2h

Item 21 #2h

First Year - FY2003 Second Year - FY2004
Legislative Department
Joint Legislative Audit and Review Commission FY2003 $2,500,000 FY2004 $2,500,000 GF

Language
Page 13, line 26, strike "$2,819,567" and insert "$5,319,567".
Page 13, line 26, strike "$2,819,567" and insert "$5,319,567".
Page 14, after line 15, insert:
"E.  Out of this appropriation, $2,500,000 is provided in the first year and $2,500,000 in the second year to the Joint Legislative Audit and Review Commission to fund a financial and management audit of all state agencies, independent agencies, and all instrumentalities except localities.  Such audits shall be conducted through contract with private auditing firms. These audits shall be completed and the resulting report available to the General Assembly by November 30, 2003.  The audits shall include peer reviews of agencies in other states with similar operations to determine how efficient Virginia is compared to other states, as well as how agencies and instrumentalities are achieving their intended goals as stated in each agency's mission statement, strategic plan, performance goals and objectives.  The audit shall, at a minimum, detail the activities of each agency that is not meeting its specific goals and objectives in a cost-effective manner."


Explanation
(This amendment provides $2.5 million each year to JLARC to fund an audit of all state agencies, independent agencies and all instrumentalities except localities, to be conducted by private auditing firms.)