General Fund Balance

General Fund Balance

June 30, 2019
General Fund Balance, June 30, 2018     $589,590,296
 
Add:      
2019 Estimated Revenues (Board of Revenue Estimates March 2019)     17,931,825,375
Adjustments to Revenues (See detail)     50,580,297
Reimbursement from reserve for Tax Credits     23,291,975
Other Adjustments to Revenue - 2018 Session      
  Transfer from other funds (See detail)      
        
       
Deduct:      
2019 General Fund Appropriations      
  Appropriated by 2018 General Assembly   $17,908,914,162  
  Board of Public Works Reductions      
  Deficiency Appropriations   52,079,072  
  Legislative Reductions   (48,894,918)  
  Specific Reversions (See detail)      
  Estimated Agency Reversions   (35,000,000)  
Net Appropriations     (17,877,098,316)
 
Estimated 2019 General Fund Balance     718,189,627
Add:      
Total Net Revenues and Transfers $18,217,676,761    
 
Excess of Actual Revenues over Estimates and Adjustments   216,633,130  
Excess of Actual Transfers over Estimates   (4,654,015)  
       
Add:      
Estimated Reversions (in estimate above) (35,000,000)    
Amount to be Reverted 79,019,838    
 
Excess of Actual Reversions over Estimates   44,019,838  
      255,998,953
Total General Fund Balance     $974,188,580
Deduct:      
General Fund Balance Reserved for 2020 Operations   718,234,627  
Minus 2019 Estimated Surplus   (95,485,196)  
       
Reserved     622,749,431
2019 Unassigned General Fund Balance     $351,439,149

General Fund Balance

June 30, 2018
General Fund Balance, June 30, 2017     $ $258,549,955
 
Add:      
2018 Estimated Revenues (Board of Revenue Estimates March 2018)     17,019,138,819
Adjustments to Revenues (See detail)     14,014,857
Reimbursement from reserve for Tax Credits     21,761,071
Other Adjustments to Revenue - 2018 Session      
  Transfer from other funds (See detail)     9,000,000
        
       
Deduct:      
2018 General Fund Appropriations      
  Appropriated by 2017 General Assembly   $17,240,318,114  
  Board of Public Works Reductions   (60,978,555)  
  Deficiency Appropriations   46,615,069  
  Legislative Reductions   (5,471,673)  
  Specific Reversions (See detail)   (54,612,704)  
  Estimated Agency Reversions   (35,000,000)  
Net Appropriations     (17,130,870,251)
 
Estimated 2018 General Fund Balance     191,594,451
Add:      
Total Net Revenues and Transfers $17,407,350,206    
 
Excess of Actual Revenues over Estimates and Adjustments   339,337,935  
Excess of Actual Transfers over Estimates   4,097,524  
       
Add:      
Estimated Reversions (in estimate above) (89,612,704)    
Amount to be Reverted 144,173,090    
 
Excess of Actual Reversions over Estimates   54,560,386  
      397,995,845
Total General Fund Balance     $589,590,296
Deduct:      
General Fund Balance Reserved for 2019 Operations   191,594,450  
Minus 2019 Estimated Surplus   (105,840,167)  
       
Reserved     85,754,283
2019 Unassigned General Fund Balance     $503,836,013

General Fund Balance

June 30, 2017
General Fund Balance, June 30, 2016     384,503,037
 
Add:      
2017 Estimated Revenues     16,586,016,737
Adjustments to Revenues (see detail)     22,388,000
Reimbursement from reserve for Tax Credits     29,475,000
Other Adjustments to Revenue - 2017 Session      
  Transfer from other funds (See detail)     32,500,000
  Transfer from Revenue Stabilization Account     170,000,000
       
Deduct:      
2017 General Fund Appropriations      
 Appropriated by 2016 General Assembly   17,288,781,941  
  Specific Reversions (See detail)   (125,788,821)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (17,132,993,120)
 
Estimated 2017 General Fund Balance     91,889,654
Add:      
Total Net Revenues and Transfers 16,932,945,175    
 
Excess of Actual Revenues over Estimates and Adjustments   90,302,674  
Excess of Actual Transfers over Estimates   2,262,764  
       
Add:      
Estimated Reversions (in estimate above) (155,788,821)    
Amount to be Reverted 229,883,684    
 
Excess of Actual Reversions over Estimates   74,094,863  
      166,660,301
Total General Fund Balance     258,549,955
Deduct:      
General Fund Balance Reserved for 2018 Operations   91,889,654  
 
Minus 2018 Estimated Surplus   (89,684,940)  
Reserved     2,204,714
2017 Unassigned General Fund Balance     256,345,241

General Fund Balance

June 30, 2016
General Fund Balance, June 30, 2015     320,393,038
 
2016 Estimated Revenues     16,444,507,075
Adjustments to Revenues     3,600,000
Reimbursement from reserve for Tax Credits     18,306,619
Other Adjustments to Revenue:      
  Transfer from other funds - 2015 Session     4,500,000
       
2016 General Fund Appropriations:      
 Appropriated by 2015 General Assembly   16,434,206,830  
  Deficiency Appropriations   207,264,261  
  Specific Reversions   (371,522,366)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (16,239,948,725)
 
Estimated 2016 General Fund Balance     551,358,007
Add:      
Total Net Revenues and Transfers 16,220,391,056    
 
Excess (deficiency) of Actual Revenues
over (under) Estimates and Adjustments
  (250,110,735)  
Excess (deficiency) of Actual Revenues
over (under) Estimates
  (411,903)  
       
Deduct:      
Estimated Reversions (in estimate above) (401,522,366)    
Amount to be Reverted 485,190,034    
 
Excess of Actual Reversions over Estimates   83,667,668  
      (166,854,970)
Total General Fund Balance     384,503,037
Deduct:      
General Fund Balance Reserved for 2017 Operations   551,358,007  
 
Minus 2017 Estimated Balance   (363,319,078)  
Reserved     188,038,929
Unassigned General Fund Balance     196,464,108

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Updated: 2016-09-18

General Fund Balance

June 30, 2015
General Fund Balance, June 30, 2014     147,557,417
 
2015 Estimated Revenues     15,691,891,844
Adjustments to Revenues     16,556,920
Reimbursement from reserve for Tax Credits     17,560,000
Other Adjustments to Revenue:      
  Transfer from other funds - 2015 Session     143,482,741
       
2015 General Fund Appropriations:      
 Appropriated by 2014 General Assembly   15,806,825,957  
  Deficiency Appropriations   187,811,770  
  Specific Reversions   (291,538)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (15,964,346,189)
 
Estimated 2015 General Fund Balance     52,702,733
Add:      
Total Net Revenues and Transfers 16,083,519,906    
 
Excess (deficiency) of Actual Revenues
over (under) Estimates and Adjustments
  214,113,771  
Excess (deficiency) of Actual Revenues
over (under) Estimates
(85,370) (85,370)  
       
Deduct:      
Estimated Reversions (in estimate above) (30,291,538)    
Amount to be Reverted 83,953,442    
 
Excess of Actual Reversions over Estimates   53,661,904  
      267,690,305
Total General Fund Balance     320,393,038
Deduct:      
General Fund Balance Reserved for 2016 Operations   52,702,733  
 
Minus 2016 Estimated Balance   (27,645,487)  
Reserved     25,057,246
Unassigned General Fund Balance     295,335,792

General Fund Balance

June 30, 2014
General Fund Balance, June 30, 2013     501,897,613
 
2014 Estimated Revenues     15,103,901,944
Adjustments to Revenues     29,630,426
Reimbursement from reserve for Tax Credits     16,097,415
Other Adjustments to Revenue:      
  Transfer from other funds - 2014 Session     58,246,632
       
2014 General Fund Appropriations:      
 Appropriated by 2013 General Assembly   15,705,051,151  
  Deficiency Appropriations   (46,045,461)  
  Specific Reversions   (46,199,607)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (15,582,806,083)
 
Estimated 2014 General Fund Balance     126,967,947
Add:      
Total Net Revenues and Transfers 15,184,167,724    
 
Excess (deficiency) of Actual Revenues
over (under) Estimates and Adjustments
  (27,351,077)  
Excess of Actual Transfers over Estimates   3,642,384  
       
Deduct:      
Estimated Reversions (in estimate above) (76,199,607)    
Amount to be Reverted 120,497,770    
 
Excess of Actual Reversions over Estimates   44,298,163  
      20,589,470
Total General Fund Balance     147,557,417
Deduct:      
General Fund Balance Reserved for 2015 Operations   126,967,947  
 
Minus 2015 Estimated Balance   (83,473,404)  
Reserved     43,494,543
Unassigned General Fund Balance     104,062,874

General Fund Balance

June 30, 2013
General Fund Balance, June 30, 2012     551,152,508
 
2013 Estimated Revenues     14,925,301,000
Adjustments to Revenues     13,379,002
Reimbursement from reserve for Tax Credits     11,250,892
Other Adjustments to Revenue:      
  GAAP Transfer     17,483,021
  Transfer from Budget Restoration Fund     156,954,179
  Transfer from other funds - 2013 Session     1,000,000
       
2013 General Fund Appropriations:      
 Appropriated by 2012 General Assembly   14,623,003,880  
 Budget Restoration Fund Appropriations   430,277,543  
  Deficiency Appropriations   115,302,179  
  Specific Reversions   (19,650,502)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (15,118,933,100)
 
Estimated 2013 General Fund Balance     557,587,502
Add:      
Total Net Revenues and Transfers 15,055,661,200    
 
Excess (deficiency) of Actual Revenues
over (under) Estimates and Adjustments
  (71,152,977)  
Excess of Actual Transfers over Estimates   1,446,083  
       
Deduct:      
Estimated Reversions (in estimate above) (49,650,502)    
Amount to be Reverted 63,667,507    
 
Excess of Actual Reversions over Estimates   14,017,005  
      (55,689,889)
Total General Fund Balance     501,897,613
Deduct:      
General Fund Balance Reserved for 2014 Operations   557,587,502  
 
Minus 2014 Estimated Balance   (293,903,888)  
Reserved     263,683,614
Unassigned General Fund Balance     238,213,999

General Fund Balance

June 30, 2012
General Fund Balance, June 30, 2011     990,115,128
 
2012 Estimated Revenues     13,975,128,000
Adjustments to Revenues     53,030,103
Reimbursement from reserve for Sustainable Community Tax Credits     4,006,176
Reimbursement from reserve for Biotechnology Tax Credits     8,000,000
Other Adjustments to Revenue:      
  Transfer from other funds - 2011 Session     36,403,007
  Transfer from other capital related funds - 2011 Session     189,281,115
 
2012 General Fund Appropriations:      
 Appropriated by 2011 General Assembly   14,781,136,445  
  Deficiency Appropriations   191,691,010  
  Specific Reversions   (7,134,750)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (14,935,692,705)
 
Estimated 2012 General Fund Balance     320,270,824
Add:      
Total Net Revenues and Transfers 14,496,398,832    
 
Excess of Actual Revenues
over Estimates and Adjustments
  229,684,515  
Excess of Actual Transfers over Estimates   865,913  
       
Deduct:      
Estimated Reversions (in estimate above) (37,134,750)    
Amount to be Reverted 37,466,003    
 
Excess of Actual Reversions over Estimates   331,253  
      230,881,684
Total General Fund Balance     $551,152,508
Deduct:      
General Fund Balance Reserved for 2013 Operations   320,270,824  
 
Minus 2013 Estimated Balance   (200,374,579)  
Reserved     $119,896,245
Unassigned General Fund Balance     $431,256,263

General Fund Balance

June 30, 2011
General Fund Balance, June 30, 2010     $344,008,024
 
2011 Estimated Revenues     13,162,729,065
Adjustments to Revenues     60,461,571
Reimbursement from reserve for Heritage tax Credits     7,597,713
Reimbursement from reserve for Biotechnology Tax Credits     8,000,000
Other Adjustments to Revenue:      
  Transfer from other funds - 2010 Session     241,782,964
  Transfer from other capital related funds - 2010 Session     74,589,405
  Transfer from other funds - 2011 Session     3,376,000
  Transfer from other capital related funds - 2011 Session     5,591,172
 
2011 General Fund Appropriations:      
 Appropriated by 2010 General Assembly   $13,172,689,488  
  Deficiency Appropriations   127,259,105  
  Specific Reversions   (7,868,000)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (13,262,080,593)
 
Estimated 2011 General Fund Balance     $646,056,321
Add:      
Total Net Revenues and Transfers $13,884,364,910    
 
Excess of Actual Revenues
over Estimates and Adjustments
  314,172,227  
Excess of Actual Transfers over Estimates   6,063,793  
       
Deduct:      
Estimated Reversions (in estimate above) (37,868,000)    
Amount to be Reverted 61,690,787    
 
Excess of Actual Reversions over Estimates   23,822,787  
      344,058,807
Total General Fund Balance     $990,115,128
Deduct:      
General Fund Balance Reserved for 2012 Operations   $646,056,321  
 
Minus 2012 Estimated Balance   (56,398,967)  
Reserved     $589,657,354
Unassigned General Fund Balance     $400,457,774

General Fund Balance

June 30, 2010
General Fund Balance, June 30, 2010     $87,172,364
 
2010 Estimated Revenues     12,233,496,317
Adjustments to Revenues     468,063,173
Reimbursement from reserve for Heritage tax Credits     11,413,883
Reimbursement from reserve for Biotechnology Tax Credits     6,000,000
Other Adjustments to Revenue:      
  Transfer from other funds - 2010 Session     210,000,000
  Transfer from other funds - 2009 Session     54,369,248
  Transfer from other funds - 2010 Session     181,201,724
  Transfer from other capital related funds - 2010 Session     330,071,000
 
2010 General Fund Appropriations:      
 Appropriated by 2010 General Assembly   $13,827,355,023  
  Expenditure Reductions - Board of Public Works   (531,426,769)  
  Deficiency Appropriations   195,751,988  
  Specific Reversions   (33,679,735)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (13,428,000,507)
 
Estimated 2010 General Fund Balance     $153,787,202
Add:      
Total Net Revenues and Transfers $13,685,467,417    
 
Excess (deficiency) of Actual Revenues
over (under) Estimates, Adjustments, and Transfers
  190,852,072  
Deduct:      
Estimated Reversions (in estimate above) (63,679,735)    
Amount to be Reverted 63,048,485    
 
Excess of Estimated Reversions over Actuals   (631,250)  
      190,220,822
Unassigned General Fund Balance     $344,008,024

General Fund Balance

June 30, 2009
General Fund Balance, June 30, 2008     $487,111,012
 
2009 Estimated Revenues     13,228,370,759
Adjustments to Revenues     20,002,143
Reimbursment from reserve for Heritage tax Credits     21,270,915
Reimbursment from reserve for Biotechnology Tax Credits     6,000,000
Other Adjustments to Revenue:      
  Transfer from Accounting Reserves     380,163,631
  Transfer from Revenue Stabilization Account     170,000,000
  Transfer from Central Collection Unit - 2008 Session     25,000,000
  Transfer from other funds - 2009 Session     414,399,880
 
2009 General Fund Appropriations:      
 Appropriated by 2008 General Assembly   $15,079,558,284  
  Expenditure Reductions - Board of Public Works   (414,452,460)  
  Deficiency Appropriations   (273,028,567)  
  Withdrawn Appropriation - 2009 session   (1,598,760)  
  Specific Reversions   (45,234,197)  
  Estimated Agency Reversions   (30,000,000)  
Net Appropriations     (14,315,244,300)
 
Estimated 2009 General Fund Balance     $437,074,040
Add:      
Total Net Revenues $13,908,791,658    
 
Excess (deficiency) of Actual Revenues
over Estimates, Adjustments, and Transfers
  (356,415,670)  
Estimated Reversions (in estimate above) (76,832,957)    
Amount to be Reverted 83,346,951    
 
Excess of Actual Reversions
over Estimates
  6,513,994  
      (349,901,676)
Total Fund Balance (Deficit)     $87,172,364
Deduct:      
General Fund Balance reserved
for 2010 Operations
437,074,040    
minus 2010 Estimated Balance (87,918,359)    
Reserved   349,155,681  
Undesignated General Fund Balance (Deficit)     ($261,983,317)