To ensure that it adequately tracks critical information related to its basic functions and mission, the commission should, once it has developed a reliable listing of the events it regulates, conduct an analysis to determine the manner in which events affect its financial condition. For example, the commission could compile the expenditures related to each event, including inspectors' wages and travel, and compare its expenditures to the revenue it received. Although the commission may need to regulate small events to ensure that it meets its responsibilities, it should still consider the cost of doing so in order to ensure that it stays within its spending authority.
CSAC Response: This analysis has been performed. With new cost saving measures the Commission is very rarely losing money on even the smallest events. With the revenue strategies of Senate Bill 309, should it pass the Commission will cease to regulate revenue negative events.
Update: With the passage of SB 309 and with the analysis that has been performed, the Commission is rarely losing money of events that it regulates. Should SB 309 be signed by the Governor, that should ensure that the Commission no longer loses money on any events.
The commission performed a preliminary analysis and believes it is very rarely losing money on even the smallest events.
The commission needs to perform its analysis on at least six months of events to determine the manner in which events affect its financial condition.
Agency responses received after June 2013 are posted verbatim.