|The Board for Barbers and Cosmetology voted to reduce its fees on November 18, 2013. At the close of each biennium, the Department of Professional and Occupational Regulation is required by Section 54.1-113 of the Code of Virginia (Callahan Act) to review each board’s financial position to determine whether fees need to be adjusted to ensure that revenues are sufficient, but not excessive, to cover the board’s operating expenses. The Board for Barbers and Cosmetology fees were last increased on September 1, 2011 and the Board has completed a full renewal cycle with these fees in place. At the close of the 2012-2014 biennium, it is projected the Board will have accumulated a cash balance of $4,390,000 with a Callahan Act position of 55%. Current fees will continue to produce revenue and cash balances that are greater than necessary to cover the Board’s operating expenses for the foreseeable future. Reductions in fees are needed to bring revenues and cash balances to an appropriate amount, allowing the Board to gradually begin using its accumulated cash to support ongoing operations, and will result in a gradual decrease in the Board’s cash balance and Callahan Act position.
|Only affects this chapter.
|Executive Branch Review
|This Action is exempt from Article 2 of the Administrative Process Act. The normal executive branch review process is not required. As such, it can be submitted directly for publication and is effective upon publication. Exempt Citation: Subsection A.6 of Section 2.2-4006 of the Code of Virginia.
|New Periodic Review
|This action will not be used to conduct a new periodic review.
|Name / Title:
|Kelley Smith / Executive Director
9960 Mayland Drive
Richmond, VA 23233
|(804)367-8590 FAX: (866)245-9693 TDD: ()-