COBI 2015 - TIF of 2005

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

This capital project fund accounts for revenues and expenditures from the Transportation Investment Fund of 2005.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $634,905,400 from all sources for TIF of 2005. This is a 45.9 percent reduction 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 UDOT Reallocations ($601,400)$0

OngoingOne-TimeFinancing Source

$0$0Transportation Fund

($601,400)$0Designated Sales Tax

Reallocating FTE and funding between line items

UDOT Sales Tax Revenue Growth$62,707,000$0

OngoingOne-TimeFinancing Source

$62,707,000$0Designated Sales Tax

No Description

Intent Language

SB0003: Item 203

The Legislature intends that the Transportation Commission consider funding $500,000 from the Transportation Investment Fund of 2005 Capacity Program for the East Capitol Boulevard project.

Display By:

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
Transportation Investment Fund	48,861,200	116,053,900	462,248,700	632,246,900	572,799,800	601,862,400	1,174,662,200	(539,756,800)	634,905,400
Total	$48,861,200	$116,053,900	$462,248,700	$632,246,900	$572,799,800	$601,862,400	$1,174,662,200	($539,756,800)	$634,905,400

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Transportation Fund	0	0	76,633,600	76,633,600	76,633,600	0	76,633,600	0	76,633,600
Dedicated Credits Revenue	1,275,000	2,689,800	554,200	0	0	0	0	0	0
Licenses/Fees	0	0	73,099,600	76,422,172	75,276,700	0	75,276,700	0	75,276,700
Dedicated Credits - GO Bonds	0	0	0	250,000,000	0	0	0	0	0
Designated Sales Tax	47,586,200	48,364,100	351,491,700	390,250,828	414,889,500	0	414,889,500	62,105,600	476,995,100
Transfers	0	65,000,000	361,550,500	6,000,000	6,000,000	0	6,000,000	0	6,000,000
Beginning Fund Balance	0	0	33,721,800	434,802,700	0	601,862,400	601,862,400	(601,862,400)	0
Ending Fund Balance	0	0	(434,802,700)	(601,862,400)	0	0	0	0	0
Total	$48,861,200	$116,053,900	$462,248,700	$632,246,900	$572,799,800	$601,862,400	$1,174,662,200	($539,756,800)	$634,905,400

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
Transfers	48,861,200	116,053,900	462,248,700	632,246,900	572,799,800	601,862,400	1,174,662,200	(539,756,800)	634,905,400
Total	$48,861,200	$116,053,900	$462,248,700	$632,246,900	$572,799,800	$601,862,400	$1,174,662,200	($539,756,800)	$634,905,400

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.