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Surplus Statement June 2010

Surplus Statement June 2010

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Published by Grant Bosse
Surplus statement for New Hampshire state government, prepared by Legislative Budget Assistant's Office, June 10, 2010.
Surplus statement for New Hampshire state government, prepared by Legislative Budget Assistant's Office, June 10, 2010.

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Published by: Grant Bosse on Jul 01, 2010
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LBAO06/10/1011:00 AM
STATE OF NEW HAMPSHIRE
FINAL
COMPARATIVE STATEMENT OF UNDESIGNATED SURPLUS
GENERAL FUND
(Dollars in Thousands)2009 C of C SS HB 1 2009 C of C SS HB 1
1
Beginning Balance, July 1 -$ -$ 1,525$ -$
12 23
Additions:
34
Revenue - Schedule 1 1,438,700 1,326,500 1,485,900 1,405,600
45
Revenue Adjustments - Schedule 2 124,122 137,067 116,873 193,576
56
Total Additions 1,562,822 1,463,567 1,602,773 1,599,176
67 78
Less Appropriations:
89
Appropriations Net of Estimated Revenue (1,559,622) (1,559,622) (1,595,538) (1,595,538)
910
Less Lapse Estimate 23,082 23,082 23,454 23,454
1011
Lapse Percent 1.48% 1.48% 1.47% 1.47%
1112
Net Appropriations (1,536,540) (1,536,540) (1,572,084) (1,572,084)
1213 1314
Adjustments:
1415
Appropriation Adjustments - Schedule 2 31,787 52,096 32,435 122,336
1516
Total Adjustments 31,787 52,096 32,435 122,336
1617 1718 1819 1920
Current Year Balance
(line 6+12+16)
58,069 (20,877) 63,124 149,428
2021 2122
Cumulative Ending Balance, June 30
(line 1+20)
58,069 (20,877) 64,649 149,428
2223 2324
Transfer (To)/From Revenue Stabilization - 6,043 - (17,398)
2425
Transfer (To)/From Education Trust Fund (56,544) 14,834 (54,369) (132,030)
2526 2627 2728 2829
June 30 Balance After Transfers
(line 22+24+25)
1,525$ -$ 10,280$ -$
2930 3031 3132 3233
Revenue Stabilization Balance 20,064$ 3,269$ 20,064$ 20,667$
3334 3435 3536
Actual Revenue Stabilization Balance at 6/30/2009 = $9,312,000
36
FY 2010 FY 2011
 
LBAO06/10/1011:00 AM
STATE OF NEW HAMPSHIRE
SCHEDULE 1
FINAL
COMPARATIVE STATEMENT OF REVENUE
GENERAL FUND
(Dollars in Thousands)2009 C of C SS HB 1 2009 C of C SS HB 1
1
Business Profits Tax
257,800$ 228,200$ 261,000$ 257,900$
12
Business Enterprise Tax
63,200 55,900 64,000 63,200
23
Subtotal
321,000$ 284,100$ 325,000$ 321,100$
34
Meals & Rooms
243,300 223,500 245,100 237,200
45
Tobacco Tax
121,600 120,400 115,400 122,100
56
Interest & Dividends Tax
117,000 90,100 125,000 90,100
67
Insurance Tax
85,800 84,200 86,300 80,500
78
Communications Tax
82,000 75,000 85,000 75,000
89
Real Estate Transfer Tax
56,500 56,300 60,500 59,500
910
Court Fines and Fees
13,900 13,200 14,100 13,200
1011
Securities Revenue
34,000 34,000 34,000 34,000
1112
Utility Consumption Tax
6,000 6,000 6,000 6,000
1213
Board and Care
19,900 18,500 20,500 20,200
1314
Beer Tax
12,800 12,800 12,800 12,800
1415
Horse and Dog Racing GOC
3,700 2,800 3,700 2,900
1516
Other
67,000 63,400 69,000 67,800
1617
Transfers from Liquor Sales
117,300 117,300 127,900 127,900
1718
Tobacco Settlement
9,400 4,200 10,000 4,200
1819
Gambling Winnings Tax
5,900 2,800 7,900 3,400
1920
Subtotal
1,317,100$ 1,208,600$ 1,348,200$ 1,277,900$
2021
Medicaid Enhancement
99,300 98,500 114,600 108,500
2122
Medicaid Recovery
22,300 19,400 23,100 19,200
2223
Subtotal
121,600$ 117,900$ 137,700$ 127,700$
2324
Total
1,438,700$ 1,326,500$ 1,485,900$ 1,405,600$
2425 2526
SS HB 1 revenue estimatesadopted by the House on June 2,2010.
26
FY 2010 FY 2011
 
LBAO06/10/1011:00 AM
STATE OF NEW HAMPSHIRE
SCHEDULE 2
FINAL
ADJUSTMENTS - SCHEDULE 2
GENERAL FUND
(Dollars in Thousands)2009 C of C SS HB 1 2009 C of C SS HB 1
1
REVENUE ADJUSTMENTS:
12 FMAP Stimulus 91,200$ 84,700$ 53,951$ 53,951$ 2 3 JUA (HB 2, section 1) 22,500 - 22,500 - 34 Sale/Lease Liquor Assets (HB 2, Section 84 and 267) - 8,000 30,000 17,500 45 ARRA - State Fiscal Stabilization Fund 10,422 - 10,422 - 56 CCSNH - reduction (HB 1, section 17) (see line 25 below) - 1,390 - 1,500 67 USNH - transfer to general fund - 25,000 - - 78 FMAP - extension for last 2 quarters of FY 2011 - - - 48,123 89 Dedicated fund - transfer to general fund - 8,050 - - 910 Governor identified dedicated funds transfer to general fund - - - 4,200 1011 Safety - plea by mail transfer to general fund - 185 - - 1112 Liquor - appropriation reduction/revenue increase - - - 505 1213 Revenue enhancements - - - 3,030 1314 Transportation - repayment of loan - 6,492 - - 1415 Monetization of state assets - (250) - 60,000 1516 LCHIP - portion of recording fee deposited in general fund - 1,500 - - 1617 DH&HS - recognize DSH re-design - - - 5,000 1718SB 483 - Enrolled - Interpretation of IRS section 1031 as itrelates to taxation under the BPT. (split GF/ETF)- - - - 1819SB 511 - Enrolled - an exemption from the tax on gamblingwinnings.- - - (1,170) 1920HB 507 - Ch 13, L'10 - taxes, fees and credits under insurancelaws..- - - 937 2021Court Decision - Ch 129, L'07 (HB 721) - supplementalnursing home rates- 2,000 - - 2122
TOTAL REVENUE ADJUSTMENTS
124,122$ 137,067$ 116,873$ 193,576$ 22 23 2324
APPROPRIATION ADJUSTMENTS:
2425 CCSNH - reduction (HB 1, section 17) (see line 6 above) 1,000$ -$ 1,000$ -$ 25 26 Department of Cultural Affairs - reduction (HB 1, section 19) 150 150 150 150 2627 DH&HS - reduction 7,359 - 12,200 1,017 2728 DH&HS - projected shortfall - - - 2,000 2829 Glencliff Home - reduction (HB 1, section 13) 300 300 300 300 2930Department of Information Technology - reduction (HB 1,section 12)1,300 1,300 1,300 1,300 3031 Judicial Branch - reduction (HB 1, section 18) 535 535 400 400 3132 Department of Labor - dedicated fund transfer to general fund 500 500 - - 3233 Legislative Branch - reduction (HB 1, section 10) 478 478 - - 3334Department of Revenue Administration - reduction HB 1,section 11)460 460 250 250 3435Retirement System reduction Medical Subsidy (HB 2, section56)3,000 2,100 3,000 2,150 3536Reduce self-insurance 1 month reserve to 5% of annualclaims (HB 2, section 66)4,500 3,900 - 600 36
FY 2010 FY 2011

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