Fiscal Note - State of Utah - 2014 General Session

HB0002 - New Fiscal Year Supplemental Appropriations Act

State Government (UCA 36-12-13(2)(b)):
This bill appropriates $541,212,500, including $362,959,100 from the General/Education Funds for FY 2015. These appropriations support the operations and capital acquisitions of state government, including expendable funds and accounts. The bill deposits $27,047,200 in FY 2015 into the unrestricted General and Education funds. It transfers another $15,500,000 in FY 2015 from the General/Education funds into other funds and accounts.

State Budget Detail TableFY 2014FY 2015FY 2016
Revenue:   
General Fund$0($207,000)($207,000)
General Fund, One-Time$0$27,254,200$0
Restricted Funds$0$15,500,000$0
   Total Revenue$0$42,547,200($207,000)
    
Expenditure:   
General Fund$0$9,257,500$9,257,500
General Fund, One-Time$0$134,125,800$0
Education Fund$0$90,462,400$90,462,400
Education Fund, One-Time$0$144,613,400$0
Transportation Fund$0$1,900,000$1,900,000
Federal Funds$0$101,244,000$101,244,000
Dedicated Credits$0$15,797,700$15,797,700
Restricted Funds$0$67,106,900$39,559,300
Transfers$0$13,223,500$13,223,500
Nonlapsing Funds$0($2,594,400)$0
Other$0$8,622,900$6,676,600
   Total Expenditure$0$583,759,700$278,121,000
    
Net Impact, All Funds (Rev.-Exp.)$0($541,212,500)($278,328,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($351,411,900)($99,926,900)

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

Performance Note Required? (Joint Rule 4-2-404): No

3/11/2014, 8:58:54 AM, Lead Analyst: Wilko, A./Attny: ENWOffice of the Legislative Fiscal Analyst