COBI 2015 - State Capitol Fund

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

Funding History

Funding Issues

Due to the tiling project the Capitol Preservation Board estimated a loss of $100,000 in event charges and room rentals. As a result their appropriation was reduced by $100,000. Actual results, however, show that events and room rentals have not declined and in fact are higher than prior years. The Analyst recommends an appropriation increase of $100,000 in FY 2015 and FY 2016 from Dedicated Credits.

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $326,900 from all sources for State Capitol Fund. This is a 14.4 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

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 Dedicated Credits Increase - CPB$100,000$100,000

OngoingOne-TimeFinancing Source

$100,000$100,000Dedicated Credits Revenue

Statute

UCA 63C-9-502

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Dedicated Credits Revenue	0	0	452,600	738,600	311,600	100,000	411,600	(3,500)	408,100
Interest Income	0	0	8,400	6,500	0	0	0	0	0
Transfers	0	0	0	0	0	(1,063,000)	(1,063,000)	1,063,000	0
Beginning Fund Balance	0	0	2,269,100	1,896,900	1,430,100	823,600	2,253,700	(937,100)	1,316,600
Ending Fund Balance	0	0	(1,896,900)	(2,253,700)	(1,065,400)	(251,200)	(1,316,600)	(81,200)	(1,397,800)
Total	$0	$0	$833,200	$388,300	$676,300	($390,600)	$285,700	$41,200	$326,900

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	0	0	0	900	2,200	3,000	5,200	600	5,800
Current Expense	0	0	778,900	357,400	600,000	(387,700)	212,300	39,100	251,400
DP Current Expense	0	0	42,500	30,000	74,100	(5,900)	68,200	1,500	69,700
Capital Outlay	0	0	11,800	0	0	0	0	0	0
Total	$0	$0	$833,200	$388,300	$676,300	($390,600)	$285,700	$41,200	$326,900

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Change in Fund Balance	0	0	(372,200)	356,800	(399,900)	399,900	0	(399,900)	(399,900)

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.