Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2008

Governor's Budget Recommendation FY2008

Fiscal Year 2006 Financial Statement


Fiscal Year 2006 Financial Statement - Budgeted Funds (in millions)
All Funds General Fund Highway Fund Stabil Fund Tran Escr Fund Other Funds
FY06 Beginning Balances 
Undesignated Fund 403.2 1,187.4 (850.6) 0.0 304.8 (238.4)
Stabilization Fund 1,728.4 0.0 0.0 1,728.4 0.0 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund 355.6 302.5 26.4 0.0 0.0 26.6
Subtotal, FY06 Beginning Balances 2,487.2 1,490.0 (824.2) 1,728.4 304.8 (211.8)
Revenues and Other Sources 
Taxes 17,286.2 16,573.4 574.4 0.0 0.0 138.4
Federal Reimbursements 5,210.2 4,891.4 1.5 0.0 0.0 317.3
Departmental Revenue 2,094.3 1,610.3 400.9 68.1 0.0 14.9
Consolidated Transfers 1,714.9 1,405.3 (98.2) 358.1 (303.8) 353.5
Subtotal, FY06 Revenues 26,305.6 24,480.4 878.6 426.2 (303.8) 824.2
 
Total, FY06 Available Resources 28,792.8 25,970.4 54.4 2,154.6 1.0 612.4
Expenditures and Uses 
Direct Appropriations 25,321.7 23,232.2 1,127.6 0.0 1.0 960.8
Balances Forward for Continuing Appropriations 355.6 302.5 26.4 0.0 0.0 26.7
Authorized Spending from Retained Revenue 491.5 488.5 2.9 0.0 0.0 0.0
Lottery to Cities and Towns 761.4 761.4 0.0 0.0 0.0 0.0
Reversions (398.4) (351.8) (19.4) 0.0 0.0 (27.2)
Unspent Appropriations Continued to FY07 (947.2) (903.4) (12.1) 0.0 0.0 (31.7)
Total, FY06 Expenditures 25,584.6 23,529.6 1,125.4 0.0 1.0 928.6
End of Fiscal Year Reserved Balances 
Reserved for Continuing Appropriations 936.5 903.4 1.4 0.0 0.0 31.7
Designated for Debt Service 10.7 0.0 10.7 0.0 0.0 0.0
Budgeted Inter-Fund Transfers 0.0 0.0 0.0 0.0 0.0 0.0
Non-Budgeted Fund Transfers 0.0 0.0 0.0 0.0 0.0 0.0
FY06 Undesignated Fund Balance 2,261.0 1,537.4 (1,083.1) 2,154.6 0.0 (347.9)
Balances Reserved in Other Budgeted Funds (1,814.1) 0.0 0.0 2,154.6 0.0 (347.9)
Statutory Carry Forward to FY07 93.0 0.0 0.0 0.0 0.0 0.0
 
Statutory Transfer to Stabilization Fund 93.0 0.0 0.0 0.0 0.0 0.0
 
FY06 Surplus 261.0 0.0 0.0 0.0 0.0 0.0
Fiscal Year 2006 Ending Balances 
Undesignated Fund Balance 106.2 1,183.5 (1,083.1) 0.0 0.0 5.8
Stabilization Fund Balance 2,154.7 0.0 0.0 2,154.7 0.0 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund Balance 947.2 903.4 12.1 0.0 0.0 31.7
Totals, FY06 Ending Balances 3,208.1 2,086.8 (1,071.0) 2,154.7 0.0 37.6