Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Agency Finance topic
No spam. Unsubscribe anytime.
Accountability commission warns cash‑fund shifts are unsustainable; proposes fee changes
Summary
The Nebraska Accountability and Disclosure Commission told the Appropriations Committee that replacing general fund appropriations with cash funds as currently recommended would draw down its reserves and could lead to negative balances by FY29; the commission proposed restoring some general fund amounts and pursuing fee changes to stabilize its cash fund.
Scott Danigol, Executive Director of the Nebraska Accountability and Disclosure Commission, presented projections showing the commission's cash fund falling close to negative under the committee's preliminary recommendations to shift general fund items to cash funds.
Danigol described three scenarios the commission provided to staff: one that follows the committee's recommendations and results in negative balances by FY29; a second that restores certain near‑term cash fund appropriations and keeps balances positive; and a third that results in a mid‑range outcome but still risks a shortfall. He said cash fund receipts average about $223,000 per year and that December receipts (reported at $122,342) were about 51.2% of projected annual receipts.
Danigol also noted a proposed bill, introduced on behalf of the commission (LB1002), to raise late filing fees; the fiscal assumption in the commission’s draft anticipates about $30,000 in additional cash fund revenue from that change, a conservative estimate used to justify a future cash‑fund approach to some activities.
The director cautioned that the committee’s current mix of cash fund replaces is not sustainable and that the commission likely would return to request general fund support if receipts fall short. The hearing concluded without committee action on the commission’s requests.
What happens next: The commission requested restoration of some general fund amounts in the mid‑biennium recommendation and signaled it would monitor receipts and return with a deficit request if needed.
