2020/21 Fall General Fund Budget Financial Statement

By Ronni Burkhart, Senior Budget Analyst | 7 days ago

General Fund Financial Statement
($ amounts in thousands)
Prepared by HACD 11/20/2020
2019/20 2020/21
Available Budget
Beginning Balance $30,373 ($2,734,070)
REVENUE:
Official estimate $35,496,800 $34,631,100
Revenue adjustment ($3,221,015) $1,992,425
PIT to Property Tax Relief ($200,000)
Rainy Day Fund transfer $100,000
Special fund transfers $431,175
Subtotal $32,306,158 $34,220,630
Less: Refund reserves ($1,150,000) ($1,295,000)
Total Revenue $31,156,158 $32,925,630
Plus: Prior year lapses $200,000 $220,000
Funds Available $31,356,158 $33,145,630
EXEPENDITURES:
Enacted appropriations $34,120,228 $25,799,758
Supplemental appropriations * $1,015,312 $10,743,818
Current year lapses ($30,000)
Total Expenditures $35,105,540 $36,543,576
General Fund Subtotal ($3,749,382) ($3,397,946)
Other Balancing Items:
Enhanced FMAP $1,015,312 $2,069,936
CARES CRF offset $1,332,970
Preliminary Balance ($2,734,070) $4,960
Less: Rainy Day Fund transfer ($1,240)
Ending Balance ($2,734,070) $3,720
*prior to application of CARES CRF and enhanced Federal Medical Assistance Percentage (FMAP) offsets

Upated 11/24

Click here to view the 2020/21 Fall General Fund Tracking Spreadsheet

Click here to view the 2020/21 Fall General Fund Budget Summary

Click here to view the 2020/21 Fall Fiscal Code Bill Analysis

2020/21 Fall General Fund Budget Financial Statement

By Ronni Burkhart, Senior Budget Analyst | 7 days ago

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