COBI 2015 - Rev Transfers

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

Free revenue transfers are line item appropriations that authorize the Division of Finance to move resources from a restricted fund or account into the Education Fund. This most often happens when the Legislature "sweeps" an account balance. The resources then offset other appropriations from the Education Fund. These items are shown separately to avoid double-counting them in a budget roll-up.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $8,000,000 from all sources for Rev Transfers - PED. This is an 86.4 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 MSP Balances Transferred to the Education Fund$0$8,000,000

OngoingOne-TimeFinancing Source

$0$8,000,000Beginning Nonlapsing - Related to Basic

No Description

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Expenditure Category

Appropriation Type:

Appropriation History by

Line Items	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Education Fund - PED	0	0	76,000,000	0	58,902,600	0	58,902,600	(50,902,600)	8,000,000
General Fund - PED	0	0	0	0	0	0	0	0	0
Uniform School Fund - PED	13,700,000	0	0	0	0	0	0	0	0
Total	$13,700,000	$0	$76,000,000	$0	$58,902,600	$0	$58,902,600	($50,902,600)	$8,000,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Beginning Nonlapsing - MSP	1,360,400	0	0	0	0	0	0	0	0
Beginning Nonlapsing - Basic Prog	7,545,800	0	33,643,800	0	54,504,000	0	54,504,000	(54,504,000)	0
Beginning Nonlapsing - Related to Basic	0	0	4,337,900	0	4,398,600	0	4,398,600	3,601,400	8,000,000
Beginning Nonlapsing - USOE	0	0	500,000	0	0	0	0	0	0
Beginning Nonlapsing - Voted and Board	4,793,800	0	37,518,300	0	0	0	0	0	0
Total	$13,700,000	$0	$76,000,000	$0	$58,902,600	$0	$58,902,600	($50,902,600)	$8,000,000

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
Other Charges/Pass Thru	0	0	0	0	58,902,600	0	58,902,600	(58,902,600)	0
Transfers	13,700,000	0	76,000,000	0	0	0	0	8,000,000	8,000,000
Total	$13,700,000	$0	$76,000,000	$0	$58,902,600	$0	$58,902,600	($50,902,600)	$8,000,000

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.