COBI 2015 - State Capitol Fund

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

Funding History

Funding Issues

Due to the tiling project the Capitol Preservation Board estimated a loss of $100,000 in event charges and room rentals. As a result their appropriation was reduced by $100,000. Actual results, however, show that events and room rentals have not declined and in fact are higher than prior years. The Analyst recommends an appropriation increase of $100,000 in FY 2015 and FY 2016 from Dedicated Credits.

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $326,900 from all sources for State Capitol Fund. This is a 14.4 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

Appropriation Adjustments

The following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Dedicated Credits Increase - CPB$100,000$100,000

OngoingOne-TimeFinancing Source

$100,000$100,000Dedicated Credits Revenue

Statute

UCA 63C-9-502

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Dedicated Credits Revenue	0	0	452,600	738,600	311,600	100,000	411,600	(3,500)	408,100
Interest Income	0	0	8,400	6,500	0	0	0	0	0
Transfers	0	0	0	0	0	(1,063,000)	(1,063,000)	1,063,000	0
Beginning Fund Balance	0	0	2,269,100	1,896,900	1,430,100	823,600	2,253,700	(937,100)	1,316,600
Ending Fund Balance	0	0	(1,896,900)	(2,253,700)	(1,065,400)	(251,200)	(1,316,600)	(81,200)	(1,397,800)
Total	$0	$0	$833,200	$388,300	$676,300	($390,600)	$285,700	$41,200	$326,900

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	900	2,200	3,000	5,200	600	5,800
Current Expense	0	0	778,900	357,400	600,000	(387,700)	212,300	39,100	251,400
DP Current Expense	0	0	42,500	30,000	74,100	(5,900)	68,200	1,500	69,700
Capital Outlay	0	0	11,800	0	0	0	0	0	0
Total	$0	$0	$833,200	$388,300	$676,300	($390,600)	$285,700	$41,200	$326,900

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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	0	(372,200)	356,800	(399,900)	399,900	0	(399,900)	(399,900)

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.