Audit: More oversight needed on state licensing boards
CHARLESTON, W.Va. (AP) — A recently released legislative audit found that the state’s professional and occupational licensing boards ended the 2020-21 budget year with balances totaling more than $436 million dollars.
According to The Charleston Gazette-Mail, the audit reported that the overwhelming majority of the state’s 791 special revenue accounts for the various panels have no strict limit on their balance amounts. Meanwhile, 10 boards that do have statutory limits on their budget surplus were out of compliance.
Nearly 70 boards that had no expenditures during the past four budget years had no expenditures but had account balances totaling $24.7 million.
These boards, ranging from the Board of Medicine to the Board of Barbers and Cosmetologists, are funded through licensing fees and fines.
The audit recommended state lawmakers create maximum balances for each account, as well as give the Legislature authority to “sweep” excess funds and redirect the money to other state funding needs.