COBI 2015 - Restricted Account Transfers

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

Fund and Account transfers are line-item appropriations that authorize the Division of Finance to move resources from one fund or account to another. These resources are then re-appropriated from the recipient fund or account to a program or activity. They are shown separately to avoid double-counting them in a budget roll-up.

Funding History

Funding Issues

Tourism Marketing Performance Fund

The Tourism Marketing Performance Fund (TMPF) captures revenue from predefined tourism related sales tax growth. The money is spent primarily on advertising with the goal of increasing Utah tourism as indicated by certain performance measures. The annual amount increases by $3 million annually as long as certain measures are met.

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $18,630,000 from all sources for Restricted Account Transfers - BEDL. This is a 19.2 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $18,630,000 from the General/Education Funds, an increase of 19.8 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Cultural Business Alliance S.B. 194$0$75,000

OngoingOne-TimeFinancing Source

$0$75,000General Fund, One-time

Initial funding to establish the Cultural Business Alliance.

Tourism Marketing Performance Fund$15,000,000$3,000,000

OngoingOne-TimeFinancing Source

$15,000,000$0General Fund

$0$3,000,000General Fund, One-time

A summary table for the restricted fund transfers is shown below.

Display By:

Line Item

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Line Items	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
GFR - Business Development for Disadvant	0	0	0	0	0	0	0	0	0
GFR - Economic Incentive Restricted Acco	0	0	0	0	0	0	0	0	0
Liquor Control Fund	0	0	0	0	7,505,200	0	7,505,200	(7,505,200)	0
GFR - Motion Picture Incentive Fund	5,858,300	0	0	0	0	0	0	0	0
GFR - Rural Broadband Service Fund	0	0	0	0	0	0	0	0	0
GFR - Rural Health Care Facilities	555,000	555,000	555,000	555,000	555,000	0	555,000	0	555,000
Library Expendable Trust Fund	0	0	0	0	0	0	0	0	0
Rural Electronic Fund	0	0	0	0	0	0	0	0	0
Tourism Economic Stimulus Fund	0	0	0	0	0	0	0	0	0
GFR - Tourism Marketing Performance Fund	8,349,100	7,000,000	9,000,000	12,000,000	15,000,000	0	15,000,000	3,000,000	18,000,000
GFR - Arts and Culture Business Alliance	0	0	0	0	0	0	0	75,000	75,000
Total	$14,762,400	$7,555,000	$9,555,000	$12,555,000	$23,060,200	$0	$23,060,200	($4,430,200)	$18,630,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	2,761,300	555,000	555,000	555,000	555,000	0	555,000	15,000,000	15,555,000
General Fund, One-time	6,950,000	7,000,000	9,000,000	12,000,000	15,000,000	0	15,000,000	(11,925,000)	3,075,000
Markup Holding Fund	0	0	0	0	7,505,200	0	7,505,200	(7,505,200)	0
Beginning Nonlapsing	5,051,100	0	0	0	0	0	0	0	0
Total	$14,762,400	$7,555,000	$9,555,000	$12,555,000	$23,060,200	$0	$23,060,200	($4,430,200)	$18,630,000

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Other Charges/Pass Thru	0	0	0	0	0	0	0	75,000	75,000
Transfers	14,762,400	7,555,000	9,555,000	12,555,000	23,060,200	0	23,060,200	(4,505,200)	18,555,000
Total	$14,762,400	$7,555,000	$9,555,000	$12,555,000	$23,060,200	$0	$23,060,200	($4,430,200)	$18,630,000

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.