COBI 2015 - Finance - Mandated

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

The Legislature provided ongoing General Funds of $1,783,700 in the 2010 General Session to cover Other Post-Employment Benefits (OPEB) obligations beginning FY 2011 going forward. During the 2012 General Session, The Legislature amended the State Post-Retirement Benefits Trust Act and the Public Employees' Benefit and Insurance Program Act to eliminate post-retirement health benefits for new legislators and governors and to permit the investment of funds for existing post-retirement health benefits for legislators and governors. (Please see SB 156, "Elected Official Retirement Benefits Amendments", 2012 General Session, Utah State Legislature, http://le.utah.gov/~2012/bills/sbillenr/sb0156.pdf)

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $0 from all sources for Finance - Mandated - OPEB. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

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Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Other Post Employment Benefits	343,800	0	0	0	0	0	0	0	0
Total	$343,800	$0	$0	$0	$0	$0	$0	$0	$0

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	1,783,700	1,783,700	0	0	0	0	0	0	0
General Fund, One-time	0	(1,783,700)	0	0	0	0	0	0	0
Closing Nonlapsing	(1,439,900)	0	0	0	0	0	0	0	0
Total	$343,800	$0	$0	$0	$0	$0	$0	$0	$0

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Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	343,800	0	0	0	0	0	0	0	0
Total	$343,800	$0	$0	$0	$0	$0	$0	$0	$0

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.