COMPTROLLER-DIRECT DEPOSIT House SponsorsRep. Jerry L. Mitchell 1/11/2011HouseSession Sine Die 15 ILCS 405/9.03from Ch. 15, par. 209.03 Amends the State Comptroller Act. Provides that, beginning 6 months after the effective date of the amendatory Act and subject to federal banking regulations, the Comptroller must, by rule, with the approval of the State Treasurer, require the direct deposit of all payments to State employees for personal services that are lawfully payable from the State Treasury. Provides that a record of each deposit shall be available to the employee only through a secure Internet website.Fiscal Note (Office of the Comptroller) The direct cost to the Office of the Comptroller in requiring all payment of salaries to State employees is minimal since salary warrants issued by the Office are picked up by each individual State agency for distribution. However, any cost savings at the agency level is undeterminable by the Office of the Comptroller. Approximately, 89% of State employees are currently enrolled in the direct deposit program. Because of the percentage of employees who are already utilizing direct deposit for payroll, and assuming 100% compliance by the remaining State employees when the program is implemented, the annual cost savings for the Office of Comptroller would approximate $101,600, which includes the following: (1) Two Employees = $85,000; (2) Cost of warrant stock @$17.18/1,000 = $3,200; (3) IOC cost to mail 7,600 warrants (all others are picked up) = $3,400; (4) Printer and supplies cost (estimate) = $10,000. However, this savings would be lessened when factoring in an estimated $458,000 that would be necessary to implement a secure Internet website so employees can verify payment of their salary. This estimate includes: (1) Computer hardware and software expenses = $46,000 to $58,000; (2) Bandwidth expansion paid to CMS = $360,000; (3) Staffing personnel at implementation stage = $40,000. 1/26/2010HouseFiled with the Clerk by Rep. Jerry L. Mitchell 1/29/2010HouseFirst Reading 1/29/2010HouseReferred to Rules Committee 3/9/2010HouseFiscal Note Filed 1/11/2011HouseSession Sine Die