COBI 2015 - Real Estate Education, Research, and Recovery Fund

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

The Real Estate Education, Research, and Recovery Fund is an expendable revenue fund established to account for claims against business regulation for fraud and misrepresentation. Any balance over $100,000 is used to fund real estate education and research programs.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $270,000 from all sources for Real Estate Education, Research, and Recovery Fund. 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
Real Estate Education, Research, and Rec	0	0	0	218,100	270,000	0	270,000	0	270,000
Total	$0	$0	$0	$218,100	$270,000	$0	$270,000	$0	$270,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Licenses/Fees	0	0	0	131,100	95,000	2,000	97,000	50,000	147,000
Interest Income	0	0	0	4,400	5,000	(2,000)	3,000	0	3,000
Beginning Fund Balance	0	0	0	1,021,600	830,000	109,000	939,000	(170,000)	769,000
Ending Fund Balance	0	0	0	(939,000)	(660,000)	(109,000)	(769,000)	120,000	(649,000)
Total	$0	$0	$0	$218,100	$270,000	$0	$270,000	$0	$270,000

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
Personnel Services	0	0	0	137,100	150,000	0	150,000	0	150,000
In-state Travel	0	0	0	3,300	10,000	(10,000)	0	0	0
Out-of-state Travel	0	0	0	6,800	10,000	(10,000)	0	0	0
Current Expense	0	0	0	40,200	100,000	20,000	120,000	0	120,000
DP Current Expense	0	0	0	1,100	0	0	0	0	0
Other Charges/Pass Thru	0	0	0	29,600	0	0	0	0	0
Total	$0	$0	$0	$218,100	$270,000	$0	$270,000	$0	$270,000

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.