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Transportation
Fund
Mass Tourism Gaming
Local
Aid Fund
Stabilization
and
Other Funds
FISCAL YEAR 2018              
FINANCIAL STATEMENT              
Budgeted Funds (in millions)              
FISCAL YEAR 2018 BEGINNING BALANCES              
     Undesignated Fund Balance 38.4 0.0 0.0 0.0 0.0 0.0 38.4
     Stabilization Fund Balance 1,302.9 0.0 0.0 0.0 0.0 0.0 1,302.9
     Designated for Continuing Appropriations into FY2018 0.0 0.0 0.0 0.0 0.0 0.0 0.0
     Designated for Debt Service 16.7 0.0 0.0 16.7 0.0 0.0 0.0
Subtotal, Fiscal Year 2018 Beginning Balances 1,358.0 0.0 0.0 16.7 0.0 0.0 1,341.3
             
CURRENT YEAR REVENUES AND OTHER SOURCES              
     Gross Tax Revenues 27,358.0 25,928.7 22.9 1,353.9 0.0 0.0 52.5
     Sales Tax Dedicated to the MBTA (1,021.6) (1,021.6) 0.0 0.0 0.0 0.0 0.0
     Annual State Contribution to State Pension System (2,394.5) (2,394.5) 0.0 0.0 0.0 0.0 0.0
     Sales Tax Dedicated to the SBA (861.6) (861.6) 0.0 0.0 0.0 0.0 0.0
     Workforce Training Fund (22.9) 0.0 (22.9) 0.0 0.0 0.0 0.0
     Subtotal: Net Tax Revenue Available for Budget 23,057.4 21,651.0 0.0 1,353.9 0.0 0.0 52.5
     Federal Reimbursements 11,437.0 11,430.8 0.0 0.0 0.0 0.0 6.2
     Departmental Revenue 4,458.2 3,736.4 0.0 699.5 0.0 0.0 22.3
     Consolidated Transfers 2,087.3 1,948.9 0.0 40.0 0.0 64.4 34.0
Subtotal, Fiscal Year 2018 Revenues 41,039.9 38,767.1 0.0 2,093.4 0.0 64.4 115.0
             
Total, Fiscal Year 2018 Available Resources 42,397.9 38,767.1 0.0 2,110.1 0.0 64.4 1,456.3
             
EXPENDITURES AND USES              
     Estimated Spending 40,916.1 38,791.9 0.0 2,021.4 0.4 64.3 38.1
     Collective Bargaining Contingency Reserve 44.2 44.2 0.0 0.0 0.0 0.0 0.0
Total, Fiscal Year 2018 Expenditures 40,960.3 38,836.1 0.0 2,021.4 0.4 64.3 38.1
             
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 16.7 0.0 0.0 16.7 0.0 0.0 0.0
Fiscal Year 2018 UNDESIGNATED FUND BALANCE 1,420.9 (69.0) 0.0 72.0 (0.4) 0.0 1,418.2
             
     Fund Balance Deficit Elimination Transfers 0.0 71.6 0.0 (72.0) 0.4 0.0 0.0
UNDESIGNATED FUND BALANCE 1,420.9 2.6 0.0 0.0 0.0 0.0 1,418.2
             
     Balances Reserved in Other Budgeted Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CONSOLIDATED NET SURPLUS 2.6 2.6 0.0 0.0 0.0 0.0 0.0
             
FISCAL YEAR 2018 ENDING BALANCES              
     Undesignated Fund Balance 19.5 2.6 0.0 0.0 0.0 0.0 16.9
     Stabilization Fund Balance 1,401.3 0.0 0.0 0.0 0.0 0.0 1,401.3
     Designated for Continuing Appropriations into FY2019 0.0 0.0 0.0 0.0 0.0 0.0 0.0
     Designated for Debt Service 16.7 0.0 0.0 16.7 0.0 0.0 0.0
Totals, Fiscal Year 2018 Ending Balances 1,437.6 2.6 0.0 16.7 0.0 0.0 1,418.2
**Totals may not add due to rounding