COBI 2015 - Utah Navajo Royalties Holding Fund

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

The Utah Navajo Royalties Holding Fund (UNRHF) is a temporary state agency serving to administer the Utah Navajo Trust Fund in the interim while awaiting the United States Congress to formally designate another trustee for the trust fund. The majority of the money in this fund comes from oil royalties from production on the Aneth Extension of the Navajo Reservation. These royalties are paid to the trust fund for the health, education, and general welfare of the Navajo residents of San Juan County, Utah.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $2,000 from all sources for Utah Navajo Royalties Holding Fund. This is a 100.2 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

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Funding Source

Expenditure Category

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Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Utah Navajo Royalties Holding Fund	0	0	0	2,561,400	2,521,000	(3,371,800)	(850,800)	852,800	2,000
Total	$0	$0	$0	$2,561,400	$2,521,000	($3,371,800)	($850,800)	$852,800	$2,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Transfers - Other Funds	0	0	0	8,118,600	5,541,900	(5,541,900)	0	2,000	2,000
Beginning Fund Balance	0	0	0	58,286,900	61,134,000	2,710,100	63,844,100	(63,844,100)	0
Ending Fund Balance	0	0	0	(63,844,100)	(64,154,900)	(540,000)	(64,694,900)	64,694,900	0
Total	$0	$0	$0	$2,561,400	$2,521,000	($3,371,800)	($850,800)	$852,800	$2,000

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Current Expense	0	0	0	(52,400)	0	0	0	1,100	1,100
DP Current Expense	0	0	0	0	0	0	0	900	900
Other Charges/Pass Thru	0	0	0	2,613,800	2,521,000	(3,371,800)	(850,800)	850,800	0
Total	$0	$0	$0	$2,561,400	$2,521,000	($3,371,800)	($850,800)	$852,800	$2,000

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Actual FTE	0	0	0	22.90	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.