COBI 2015 - General Financial Literacy

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

The curriculum in General Financial Literacy stresses basic budgeting to financial investments, including bankruptcy education and a general financial literacy test-out option.

Funding History

Funding Issues

USOE Indirect Cost Pool Transfers

No Description

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $169,700 from all sources for General Financial Literacy. This is a 30.2 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $175,300 from the General/Education Funds, a reduction of 29.6 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 USOE Indirect Cost Pool Transfers ($5,600) ($5,900)

OngoingOne-TimeFinancing Source

($5,600) ($5,900)Transfers - Indirect Costs

No Description

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
Education Fund	0	0	0	0	173,000	1,000	174,000	1,300	175,300
Education Fund, One-time	0	0	0	0	75,000	100	75,100	(75,100)	0
Transfers - Indirect Costs	0	0	0	0	0	(5,900)	(5,900)	300	(5,600)
Beginning Nonlapsing	0	0	0	0	0	10,100	10,100	0	10,100
Closing Nonlapsing	0	0	0	0	0	(10,100)	(10,100)	0	(10,100)
Total	$0	$0	$0	$0	$248,000	($4,800)	$243,200	($73,500)	$169,700

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	0	59,600	11,500	71,100	1,300	72,400
In-state Travel	0	0	0	0	800	(300)	500	0	500
Out-of-state Travel	0	0	0	0	0	500	500	0	500
Current Expense	0	0	0	0	180,400	(3,400)	177,000	(75,100)	101,900
Other Charges/Pass Thru	0	0	0	0	7,200	(7,200)	0	0	0
Transfers	0	0	0	0	0	(5,900)	(5,900)	300	(5,600)
Total	$0	$0	$0	$0	$248,000	($4,800)	$243,200	($73,500)	$169,700

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	0	0	0	0	0.50	0	0.50	0	0.50

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.