Help for Agencies - Fiscal Analysis, Common Pitfalls

Common Pitfalls in a Fiscal Analysis

The following information was created to help address common pitfalls in recording results from the GOMB Fiscal Impact Analysis.

For other training materials, see the - summarized Step-by-Step guide of how to conduct the analysis - the full fiscal analysis tool and training - a .pdf download of the information contained in this page.

Food Truck Permit fees will decrease $1,000 in FY 2019 and remain the same every year thereafter

What We Found in Our Analysis:

  • State Government will not be impacted
  • 13 local health departments will be affected
  • Using DWS FirmFind, we found 104 small business in Utah will be impacted
  • Using DWS FirmFind, we found 1 non-small business in Utah will be impacted
  • We assessed food truck customers and employees could be impacted

This is where your calculations and analysis are explained for impacts to each of the 5 groups: 

(For narrative requirements, click this link and see pages 6 and 7)

7A) This rule is not expected to have any impacts on state government revenues or expenditures because it affects government only at the local level.

7B) Across the state of Utah, 13 local health departments issue food truck permit fees. It is estimated that these local health departments will experience an indirect fiscal cost of $105,000 ongoing (105 registered food truck companies in Utah will pay $1,000 less for their permits) as food truck companies will be paying less for their permits.

7C) In Utah, it is estimated there are 104 small business food truck companies (NAICS 722330). These firms are expected to experience a direct fiscal benefit of $104,000 ongoing as these 104 small businesses will pay $1,000 less for their permit fees.

7D) Food truck customers and employees could experience an indirect fiscal benefit as food truck companies will have lower costs and could pass those savings on to employees and customers. However, by contacting a sample of food truck companies to see if savings incurred resulting from this proposed rule would be passed on to customers or employees, it was determined that such savings would not be passed on to food truck customers or employees.

Follow this formatting EXACTLY, excluding blue text boxes; template found at this link:

GOMB Fiscal Analysis Appendix Example with Notes