2020/21 Fall General Fund Budget Financial Statement
By Ronni Burkhart , Assistant Executive Director | 4 years 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