COBI 2015 - Navajo Revitalization Fund

Overview
Issues
Performance
Background
Financials

Sources Uses

FY 2016 Appropriation

The Navajo Revitalization Fund is to help the Navajo Nation Reservation in San Juan County, Utah with capital projects, infrastructure, housing projects, educational endowments, and promotion of Navajo culture. Funds may not be used for general operating budgets of eligible entities nor for costs of private business ventures. Eligible entities include the Navajo Nation and its divisions as well as nonprofit organizations that may be impacted by mineral resource development.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $2,043,200 from all sources for Navajo Revitalization Fund. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

Allocate New Funds Within One Year

Investments in New and Improved Sanitary Housing

Statute

Statutory authority for the Fund comes from UCA 35A-8-1704 and 59-5-119. This Fund receives revenue automatically as per UCA 35A-8-1704. For Navajo lands, the Fund receives 33% of severance taxes from wells existing before July 1996 and 80% of taxes from new wells beginning production on or after July 1996. The maximum annual deposit cannot exceed $3,000,000. If the annual deposit were to exceed $3,000,000 then the excess would go into the General Fund. UCA 35A-8-1704 allows for up to 4% of the annual revenues for administration of the Fund.

Intent Language

SB0002: Item 192

The Legislature intends that the Department of Workforce Services report on the following performance measures for the Navajo Revitalization Fund line item: (1) Allocate new and re-allocated funds within one year to improve the quality of life for those living on the Utah portion of the Navajo Reservation (Target = $4.57 million allocated) and (2) Improve the housing stock on the Navajo Reservation by investing in new and improved sanitary housing (Target = $3.0 million invested) by January 1, 2016 to the Social Services Appropriations Subcommittee.

For more detail about a particular source of finance or organizational unit, click a linked entry in the left column of the table(s) below.

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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
Navajo Revitalization Fund	2,350,300	2,459,500	1,161,800	2,009,400	1,044,900	998,300	2,043,200	0	2,043,200
Total	$2,350,300	$2,459,500	$1,161,800	$2,009,400	$1,044,900	$998,300	$2,043,200	$0	$2,043,200

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Interest Income	112,400	1,000	70,700	65,900	75,000	(9,100)	65,900	0	65,900
Restricted Revenue	1,891,000	2,569,200	1,388,500	2,829,100	2,500,000	329,100	2,829,100	0	2,829,100
Beginning Fund Balance	10,793,800	10,446,900	10,557,600	10,855,000	11,443,000	297,600	11,740,600	851,800	12,592,400
Ending Fund Balance	(10,446,900)	(10,557,600)	(10,855,000)	(11,740,600)	(12,973,100)	380,700	(12,592,400)	(851,800)	(13,444,200)
Total	$2,350,300	$2,459,500	$1,161,800	$2,009,400	$1,044,900	$998,300	$2,043,200	$0	$2,043,200

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	0	30,700	33,900	0	30,700	3,200	33,900	0	33,900
In-state Travel	0	1,800	1,800	100	1,800	(1,800)	0	0	0
Current Expense	50,500	12,400	0	0	12,400	(12,400)	0	0	0
DP Current Expense	0	0	1,126,100	0	0	0	0	0	0
Other Charges/Pass Thru	2,299,800	2,414,600	0	2,009,300	1,000,000	1,009,300	2,009,300	0	2,009,300
Total	$2,350,300	$2,459,500	$1,161,800	$2,009,400	$1,044,900	$998,300	$2,043,200	$0	$2,043,200

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Change in Fund Balance	0	110,700	0	0	176,400	(176,400)	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.