OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5195

AN ACT CONCERNING STUDENT AND ALUMNI MEMBERSHIP ON THE BOARD OF TRUSTEES FOR THE UNIVERSITY OF CONNECTICUT.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 19 $

FY 20 $

UConn

Various - Savings

68,245

None

UConn

Various - Cost

5,000

None

Note: Various=Various

Municipal Impact: None

Explanation

The bill results in a fiscal impact of approximately $63,245 in net savings in FY 19 and no fiscal impact in FY 20 by allowing UConn to offer an electronic voting option for the election of alumni trustees. Alumni trustee elections are held in odd-numbered years.

The net savings in FY 19 is due to: (1) a savings of approximately $68,245 in mailing costs, which are incurred biennially, and (2) a cost of approximately $5,000 to carry out electronic voting. The mailing savings estimate is the difference between: (1) the FY 17 trustee mail election costs of $71,926, and (2) anticipated FY 19 mail election costs of $3,681, based on the FY 17 cost of $0.283 per mailing plus a $1,000 mailing design fee, applied to 9,489 alumni. This estimate assumes none of the 9,489 alumni for whom UConn currently lacks an email address but has a print address will choose to provide an email address for electronic voting. If any of these alumni give an email address for this purpose, the savings will rise but are not anticipated to increase more than $1,340 (the additional savings if half of the print address-only alumni provide email addresses).

The cost of an electronic election for alumni trustees is anticipated to be approximately $5,000 per election. This cost estimate was provided by a voting services firm, which contracts with entities including large universities to carry out various elections. The cost is incurred only in alumni trustee election years.

The Out Years

The annualized ongoing fiscal impact identified above, with a net savings experienced in odd-numbered years and no savings or costs in even-numbered years, would continue into the future subject to inflation.