2011 Annual Report - West Virginia State Auditor's Office

Chief Inspector DivisionGlen B. Gainer III, West Virginia State AuditorTraining CostsThe Chief Inspector Division has been steadily increasing professional staff due to a growing demandfor audit services over the past three years. Complex requirements associated with federal grants,auditing and accounting standards have led to increased audit time in what is becoming a highlyspecializedprofessional field. In 2008, we employed twenty-eight audit inspectors, and we now havethirty-five staff members who are supported by 8 senior managers. Due to the complexityassociated with the audit environment, our training period lasts approximately nine months. Ouremployees are our greatest asset, so we have a very stringent prospective employee evaluationprocess and also participate in a summer intern program. During this training period, employees donot bill for their time and the division must bear the cost. The chart below summarizes the directcosts of the division for new employees. Direct costs consist of salaries, fringe benefits and travelrelated expenses. The chart also delineates the “opportunity cost” of training employees which is theamount that would be billed if the individuals were not in training.700,000Training CostsFY 2009 - 2013600,000500,000400,000300,000200,000100,0000FY 2009 FY 2010 FY 2011 FY 2012* FY 2013** ProjectionDirect Cost Opportunity Cost2011 ANNUAL REPORT WVSAO.GOV Page 35