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Fiscal Year 2007 Financial Statement - Budgeted Funds (in millions)
All Funds General Fund Workforce Training Highway Fund Mass Tourism Stabil. Fund Other Funds
FISCAL YEAR 2007 BEGINNING BALANCES       
     Undesignated Fund Balance 106.2 1,183.5 (7.2) (1,083.1) (0.1) 0.0 13.1
     Stabilization Fund Balance 2,154.7 0.0 0.0 0.0 0.0 2,154.7 0.0
     Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0 0.0 0.0
     Designated for PACs into FY2007 936.5 903.4 22.3 1.4 8.4 0.0 1.0
     Designated for Debt Service 10.7 0.0 0.0 10.7 0.0 0.0 0.0
SUBTOTAL, FISCAL YEAR 2007 BEGINNING BALANCES 3,208.1 2,086.9 15.1 (1,071.0) 8.3 2,154.7 14.1
       
REVENUES AND OTHER SOURCES       
     Gross Tax Revenues 19,736.2 19,094.8 21.4 577.6 38.9 2.7 0.8
     Sales Tax Dedicated to the MBTA (734.0) (734.0) 0.0 0.0 0.0 0.0 0.0
     Tax Dedicated to Pensions (1,335.2) (1,335.2) 0.0 0.0 0.0 0.0 0.0
     Sales Tax Dedicated to the SBA (557.4) (557.4) 0.0 0.0 0.0 0.0 0.0
     SubTotal: Net Tax Revenue Available for Budget 17,109.6 16,468.2 21.4 577.6 38.9 2.7 0.8
     Federal Reimbursements 6,167.6 6,161.1 0.0 0.9 0.0 0.0 5.6
     Departmental Revenue 2,218.4 1,705.4 0.1 413.4 0.0 86.8 12.7
     Consolidated Transfers 1,785.0 1,760.4 (0.5) (104.9) (0.3) 90.8 39.5
SUBTOTAL, FISCAL YEAR 2007 REVENUES 27,280.6 26,095.1 21.0 887.0 38.6 180.3 58.7
       
TOTAL, FISCAL YEAR 2007 AVAILABLE RESOURCES 30,488.7 28,182.0 36.0 (184.0) 46.9 2,335.0 72.7
       
EXPENDITURES AND USES       
     Direct Appropriations 25,884.7 24,546.0 31.1 1,120.5 38.8 0.0 148.3
     Balances Forward for Continuing Appropriations 936.5 903.4 22.3 1.4 8.4 0.0 1.0
     Authorized Spending from Retained Revenue 434.8 431.9 0.0 3.0 0.0 0.0 0.0
     Lottery Distributions to Cities and Towns 920.0 920.0 0.0 0.0 0.0 0.0 0.0
     Unspent Appropriations Continued to Fiscal Year 2008 (340.6) (317.1) (18.0) (0.6) (3.0) 0.0 (1.9)
     Reversions (247.7) (233.6) (0.9) (11.6) 0.0 0.0 (1.6)
TOTAL, FISCAL YEAR 2007 EXPENDITURES 27,587.7 26,250.6 34.5 1,112.7 44.2 0.0 145.7
       
END OF FISCAL YEAR RESERVED BALANCES       
     Reserved for Continuing Appropriations 340.6 317.1 18.0 0.6 3.0 0.0 1.9
     Designated for Debt Service 10.2 0.0 0.0 10.2 0.0 0.0 0.0
FISCAL YEAR 2007 UNDESIGNATED FUND BALANCE 2,550.2 1,614.3 (16.5) (1,307.5) (0.3) 2,335.0 (74.9)
       
     Balances Reserved in Other Budgeted Funds (2,260.1) 0.0 0.0 0.0 0.0 2,335.0 (74.9)
ENDING BALANCES 290.0 1,614.3 (16.5) (1,307.5) (0.3) 0.0 0.0
       
STATUTORY CARRY FORWARD TO FY2008 99.2 0.0 0.0 0.0 0.0 0.0 0.0
       
TRANSFER TO BAY STATE COMPETITIVENESS INVEST. FUND 100.0 0.0 0.0 0.0 0.0 0.0 0.0
       
FISCAL YEAR 2007 SURPLUS 90.8 0.0 0.0 0.0 0.0 0.0 0.0
       
FISCAL YEAR 2007 ENDING BALANCES       
     Undesignated Fund Balance 114.7 1,423.6 (16.5) (1,307.5) (0.3) 0.0 15.3
     Stabilization Fund Balance 2,335.0 0.0 0.0 0.0 0.0 2,335.0 0.0
     Bay State Competitiveness Investment Fund 100.0 0.0 0.0 0.0 0.0 0.0 100.0
     Designated for PACs into FY2008 340.6 317.1 18.0 0.6 3.0 0.0 1.9
     Designated for Debt Service 10.2 0.0 0.0 10.2 0.0 0.0 0.0
TOTALS, FISCAL YEAR 2007 ENDING BALANCES 2,900.5 1,740.7 1.5 (1,296.6) 2.7 2,335.0 117.2