Idaho Fiscal Officers Meeting - General Fund Review July 31, 2013
Fiscal officers in Idaho reviewed the General Fund for the fiscal year 2013, analyzing revenue growth, transfers, appropriations, and historical data. The meeting discussed actual revenue figures, beginning balances, cash reversions, budget stabilization funds, total appropriations, and estimated ending balances for FY 2013 and FY 2014.
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Idaho Fiscal Officers Meeting July 31, 2013 GENERAL FUND REVIEW PAUL HEADLEE LSO, BUDGET & POLICY ANALYSIS
Fiscal Year 2013 Rev Growth 2.7% Est.; 6.3% Actual REVENUE: 1. Beginning Balance 2. Cash Reversion H&W/SILC/Judicial 3. Carryover H&W Coop Welfare GF Actuals Sine Die $99,604,800 1,816,100 37,632,000 Difference $99,604,800 1,816,100 37,632,000 4. DFM Revised Estimate 2.7% 5. H1 Tax Conformity for Capital Deprec. 6. Revenue Surplus 7. REVENUE 8. TOTAL REVENUE & BEG BALANCE 2,657,974,000 (6,000,000) 98,308,100 2,750,282,100 2,889,335,000 2,657,974,000 (6,000,000) 0 98,308,100 98,308,100 98,308,100 2,651,974,000 2,791,026,900 TRANSFERS: 9. Deficiency Warrants 10. 2012 Legislative Session Transfers 11. Budget Stabilization Fund I.C. 57-814 12. H345 Budget Stabilization Fund 13. S1196 Consumer Protection Fund AG 14. H615 Cat Hlth Care Fund (2012 Session) 15. Cancelled Encumbrances/Misc. Adjustments 16. NET TRANSFERS (6,390,700) (700,000) (25,877,100) (85,392,200) 2,014,900 3,033,300 545,600 (112,766,200) (6,390,700) (700,000) (25,877,100) 0 (85,392,200) 2,014,900 0 0 3,033,300 545,600 (81,813,300) (30,952,900) APPROPRIATIONS: 17. FY 2013 Original Appropriations 18. Reappropriations / Supplementals 19. Rescissions 20. Reversions /Receipts to Appropriation 21. TOTAL APPROPRIATION 22. ESTIMATED ENDING BALANCE 2,702,105,700 50,492,500 (52,477,100) (3,505,200) 2,696,615,900 $79,952,900 2,702,105,700 50,492,500 (52,477,100) 0 (3,505,200) (3,505,200) $20,000,000 2,700,121,100 $59,952,900
Fiscal Year 2014 5.3% Est. Revenue Growth Sine Die $59,952,900 2,799,105,000 (24,052,500) 2,835,005,400 Actuals Difference $20,000,000 REVENUE: 1. Estimated Beginning Balance 2. DFM Original Rev Estimate 5.3% 3. Impacts of Legislation (.9%) 4. TOTAL REVENUE & BEG BALANCE $79,952,900 2,799,105,000 (24,052,500) 2,855,005,400 20,000,000 TRANSFERS: 5. Idaho Opportunity Fund S1174 6. Budget Stabilization Fund 57-814 7. Deficiency Warrants (next session) 8. TOTAL TRANSFERS (3,000,000) (3,000,000) (2,375,800) (11,874,900) (17,250,700) 0 0 (2,375,800) (11,874,900) (14,250,700) (3,000,000) APPROPRIATIONS: 9. FY 2014 Original Appropriations 2,781,023,800 2,781,023,800 10. ESTIMATED ENDING BALANCE $50,981,600 $56,730,900 $5,749,300
Gen Fund History FY 2009 Orig Appropriation 1,418,542,700 402,492,800 285,151,500 175,915,200 184,785,100 54,899,400 40,029,300 20,767,700 31,862,500 29,011,500 29,666,400 28,249,200 24,529,500 2,725,902,800 FY 2012 Orig Appropriation 1,223,580,400 436,159,000 209,828,300 157,367,900 128,683,800 46,511,600 35,763,500 19,267,700 29,246,700 29,034,700 23,033,000 22,559,000 14,889,700 2,375,925,300 FY 2013 Orig Appropriation 1,279,818,600 474,177,200 227,950,500 168,777,700 144,221,500 48,259,600 36,717,500 36,532,800 30,329,400 29,713,300 27,749,900 23,604,100 17,616,600 2,545,468,700 FY 2014 Orig Appropriation 1,308,365,400 477,469,200 236,543,600 180,828,400 139,365,600 48,957,400 37,452,900 34,830,100 31,320,300 34,485,500 30,226,600 24,422,700 22,491,300 2,606,759,000 % of Total 47.0% 17.2% 8.5% 6.5% 5.0% 1.8% 1.3% 1.3% 1.1% 1.2% 1.1% 0.9% 0.8% 93.7% Department/Agency Public School Support H&W Medicaid College and Universities Dept of Correction Health & Welfare Prof-Technical Education Juvenile Corrections Catastrophic Health Care Judicial Branch Revenue & Taxation Community Colleges Ag Research & Ext Idaho State Police Total Top 13 Agencies 233,380,600 2,959,283,400 153,035,300 2,528,960,600 156,637,000 2,702,105,700 174,264,800 2,781,023,800 6.3% 100.0% Total Lowest 40 Agencies Statewide Total The largest five appropriations for agencies make up 84.2% the General Fund, and the largest 13 make up 93.7% of the General Fund.
FY 2012 - 2014 State Reserve Funds Beginning Balance $23.8M BSF When 4 equal payments 6/30/2013 Transfer IC 57-814 $25.9M End Bal. $49.7M FY 2013 $85.4 M $135.1M $137.5M FY 2013 $2.4M FY 2014 4 equal payments Beginning Balance $11.2M PESF Statutory Yr End Adj End Bal. $4.2M $11.9M est. $15.0M When July 2011 Transfer $21.5M $36.9M $48.8M $63.8M FY 2012 FY 2013 July 2012 FY 2014 August 2013 $201.3M GRAND TOTAL (Budget Stabilization Fund + Public Ed. Stabilization Fund)
