Independent Living Program - Florida's Center for Child Welfare

Costs based on these assumptions begin at $1 million in 2011 and increases to $5.6 million in2015.Version 2: Fiscal Impact of Independent Living Redesign2011 2012 2013 2014 2015Estimated Costs $61,541,131 $62,458,097 $63,950,596 $65,650,235 $67,507,259Estimated RevenuesNew Title IV-E $14,987,193 $14,994,866 $15,257,276 $15,841,862 $16,419,383Federal Chafee $5,764,276 $5,764,276 $5,764,276 $5,764,276 $5,764,276State Chafee Match $1,441,070 $1,441,070 $1,441,070 $1,441,070 $1,441,070Federal ETV $2,396,966 $2,396,966 $2,396,966 $2,396,966 $2,396,966State ETV Match $599,242 $599,242 $599,242 $599,242 $599,242State GF $18,475,167 $18,475,167 $18,475,167 $18,475,167 $18,475,167CBC Contribution ("aboveand beyond" originalallocation) $16,855,984 $16,855,984 $16,855,984 $16,855,984 $16,855,984Total Revenues $60,519,898 $60,527,571 $60,789,981 $61,374,567 $61,952,088Net State FiscalImpact $1,021,233 $1,930,526 $3,160,615 $4,275,669 $5,555,171Projecting the Net Impact of Extending Eligibility Across All Three IV-E ProgramsBased on the cost revenue assumptions developed by the workgroup, The Finance Projectproduced a net fiscal impact calculation of extending adoption assistance to age 21 for youngpeople adopted at age 16 and 17 and the Independent Living Redesign. These projectionsassume use of the new IV-E revenue the state will receive as a result of the adoption de-linkprovision to offset increased costs. The attached tables summarize the costs and revenuesassociated with a comprehensive approach to extending IV-E eligibility across program areas.In 2011, total costs are $12.1 million using assumptions of Version 1 and $827,552 usingassumptions of Version 2. By 2015, total costs are $16.3 million using assumptions of Version 1and $3.2 million using assumptions of Version 2.The Finance Project 12