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All Funds General Fund Workforce Training Comm. Trnsp Fund Mass Tourism Gaming Funds Stabil. & Other Funds
FISCAL YEAR 2016              
FINANCIAL STATEMENT              
Budgeted Funds (in millions)              
FISCAL YEAR 2016 BEGINNING BALANCES              
     Undesignated Fund Balance 92.3 0.0 0.0 0.0 0.0 0.0 92.3
     Stabilization Fund Balance 1,252.4 0.0 0.0 0.0 0.0 0.0 1,252.4
     Designated for Continuing Appropriations into FY2016 212.1 199.4 0.0 0.0 1.7 0.0 11.0
     Designated for Debt Service 13.9 0.0 0.0 13.9 0.0 0.0 0.0
SUBTOTAL, FISCAL YEAR 2016 BEGINNING BALANCES 1,570.7 199.4 0.0 13.9 1.7 0.0 1,355.7
             
CURRENT YEAR REVENUES AND OTHER SOURCES              
     Gross Tax Revenues 25,751.3 24,346.7 21.3 1,325.1 57.2 0.0 1.0
     Sales Tax Dedicated to the MBTA (986.3) (986.3) 0.0 0.0 0.0 0.0 0.0
     Annual State Contribution to the State Pension System (1,972.0) (1,972.0) 0.0 0.0 0.0 0.0 0.0
     Sales Tax Dedicated to the SBA (814.8) (814.8) 0.0 0.0 0.0 0.0 0.0
     Workforce Training Trust Fund Transfer (21.3) 0.0 (21.3) 0.0 0.0 0.0 0.0
     SubTotal: Net Tax Revenue Available for Budget 21,956.9 20,573.6 0.0 1,325.1 57.2 0.0 1.0
     Tax & Non-Tax Settlements 125.0 125.0 0.0 0.0 0.0 0.0 0.0
     Federal Reimbursements 10,749.2 10,708.6 0.0 0.0 0.0 0.0 40.6
     Departmental Revenue 3,943.5 3,253.4 0.0 675.7 0.0 0.0 14.5
     Consolidated Transfers 2,029.4 1,869.2 0.0 96.0 0.0 64.0 0.2
SUBTOTAL, FISCAL YEAR 2016 REVENUES 38,804.0 36,529.8 0.0 2,096.8 57.2 64.0 56.3
             
TOTAL, FISCAL YEAR 2016 AVAILABLE RESOURCES 40,374.8 36,729.2 0.0 2,110.7 58.9 64.0 1,412.0
             
EXPENDITURES AND USES              
     Estimated Spending 39,099.2 36,884.3 0.0 2,009.1 25.0 105.0 75.7
TOTAL, FISCAL YEAR 2016 EXPENDITURES 39,099.2 36,884.3 0.0 2,009.1 25.0 105.0 75.7
             
END OF FISCAL YEAR RESERVED BALANCES              
     Designated for Continuing Appropriations 0.0 0.0 0.0 0.0 0.0 0.0 0.0
     Designated for Debt Service 13.9 0.0 0.0 13.9 0.0 0.0 0.0
FISCAL YEAR 2016 UNDESIGNATED FUND BALANCE 1,261.7 (155.1) 0.0 87.7 33.9 (41.0) 1,336.3
             
     Fund Balance Deficit Elimination Transfers 0.0 0.0 0.0 0.0 0.0 0.0 0.0
UNDESIGNATED FUND BALANCE 1,261.7 (155.1) 0.0 87.7 33.9 (41.0) 1,336.3
             
     Balances Reserved in Other Budgeted Funds (1,336.3) 0.0 0.0 0.0 0.0 0.0 1,336.3
     Anticipated Spending and Revenue Management 74.6 74.6 0.0 0.0 0.0 0.0 0.0
CONSOLIDATED NET SURPLUS 0.0 (80.6) 0.0 87.7 33.9 (41.0) 0.0
             
FISCAL YEAR 2016 ENDING BALANCES              
     Undesignated Fund Balance 78.3 (80.6) 0.0 87.7 33.9 (41.0) 78.3
     Stabilization Fund Balance 1,257.9 0.0 0.0 0.0 0.0 0.0 1,257.9
     Designated for Continuing Appropriations into FY2017 0.0 0.0 0.0 0.0 0.0 0.0 0.0
     Designated for Debt Service 13.9 0.0 0.0 13.9 0.0 0.0 0.0
TOTALS, FISCAL YEAR 2016 ENDING BALANCES 1,350.1 (80.6) 0.0 101.6 33.9 (41.0) 1,336.2