COBI 2015 - General Financial Literacy

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

The curriculum in General Financial Literacy stresses basic budgeting to financial investments, including bankruptcy education and a general financial literacy test-out option.

Funding History

Funding Issues

USOE Indirect Cost Pool Transfers

No Description

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $169,700 from all sources for General Financial Literacy. This is a 30.2 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $175,300 from the General/Education Funds, a reduction of 29.6 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

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

DescriptionOngoingOne-Time USOE Indirect Cost Pool Transfers ($5,600) ($5,900)

OngoingOne-TimeFinancing Source

($5,600) ($5,900)Transfers - Indirect Costs

No Description

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
Education Fund	0	0	0	0	173,000	1,000	174,000	1,300	175,300
Education Fund, One-time	0	0	0	0	75,000	100	75,100	(75,100)	0
Transfers - Indirect Costs	0	0	0	0	0	(5,900)	(5,900)	300	(5,600)
Beginning Nonlapsing	0	0	0	0	0	10,100	10,100	0	10,100
Closing Nonlapsing	0	0	0	0	0	(10,100)	(10,100)	0	(10,100)
Total	$0	$0	$0	$0	$248,000	($4,800)	$243,200	($73,500)	$169,700

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	0	59,600	11,500	71,100	1,300	72,400
In-state Travel	0	0	0	0	800	(300)	500	0	500
Out-of-state Travel	0	0	0	0	0	500	500	0	500
Current Expense	0	0	0	0	180,400	(3,400)	177,000	(75,100)	101,900
Other Charges/Pass Thru	0	0	0	0	7,200	(7,200)	0	0	0
Transfers	0	0	0	0	0	(5,900)	(5,900)	300	(5,600)
Total	$0	$0	$0	$0	$248,000	($4,800)	$243,200	($73,500)	$169,700

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	0	0	0	0	0.50	0	0.50	0	0.50

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.