NEW YORK STATE

FINANCIAL PLAN FOR FISCAL YEAR 2012
FIRST QUARTERLY UPDATE

Andrew M. Cuomo, Governor
Robert L. Megna, Director of the Budget

August 2, 2011

TABLE OF CONTENTS
INTRODUCTION..............................................................................................................1
FINANCIAL PLAN OVERVIEW ...................................................................................3
MULTI-YEAR FINANCIAL PLAN PROJECTIONS ..................................................4
YEAR-TO-DATE OPERATING RESULTS ..................................................................7
FINANCIAL PLAN TABLES ........................................................................................13

INTRODUCTION
This is the First Quarterly Update to the Enacted Budget Financial Plan (the "Updated
Financial Plan") for FY 2012. The projections (and the assumptions upon which they are based)
in the Updated Financial Plan are consistent with the projections set forth in the Enacted Budget
Financial Plan. Readers should refer to the Enacted Budget Financial Plan for a complete
explanation of the receipts and disbursements projections for FYs 2012 through 2015. The
State’s FY 2012 began on April 1, 2011 and ends on March 31, 2012. The Division of the
Budget (DOB) expects to next update the multi-year projections in October 2011.
The State’s General Fund — the fund that receives the majority of State taxes and all
income not earmarked for a particular program or activity — is required to be balanced on a cash
basis of accounting. The State Constitution and State Finance Law do not define budget balance.
In practice, the General Fund is considered balanced on a cash basis of accounting if sufficient
resources are expected to be available during the fiscal year for the State to (a) make all required
payments, including personal income tax (PIT) refunds, without the issuance of deficit notes or
bonds, and (b) restore the balances in the Tax Stabilization Reserve and Rainy Day Reserve to
levels at or above the levels on deposit when the fiscal year began.
The General Fund is typically the financing source of last resort for the State’s other major
funds, including the Health Care Reform Act (HCRA) funds, the Dedicated Highway and Bridge
Trust Fund (DHBTF), the School Tax Relief (STAR) Fund, and the Lottery Fund. Therefore, the
General Fund projections account for any estimated funding shortfalls in these funds. Since the
General Fund is the fund that is required to be balanced, the focus of the State’s budget
discussion is often weighted toward the General Fund.
The State accounts for receipts and disbursements by the fund in which the activity takes
place (such as the General Fund), and the broad category or purpose of that activity (such as
State Operations). The Financial Plan tables present State projections and results by fund and
category. The State also reports disbursements and receipts activity by two other broad
measures: State Operating Funds, which includes the General Fund and funds specified for
dedicated purposes, but excludes Federal Funds and Capital Projects Funds; and All
Governmental Funds (“All Funds”), which includes both State and Federal Funds and provides
the most comprehensive view of the financial operations of the State.

1

INTRODUCTION
Fund types of the State include: the General Fund; State Special Revenue Funds, which
receive certain dedicated taxes, fees and other revenues that are used for a specified purpose;
Federal Special Revenue Funds, which receive certain Federal grants; Capital Projects Funds,
which account for costs incurred in the construction and rehabilitation of roads, bridges, prisons,
and other infrastructure projects; and Debt Service Funds, which account for the payment of
principal, interest, and related expenses for debt issued by the State and its public authorities.
The factors affecting the State's financial condition are complex. This Updated Financial
Plan contains forecasts, projections and estimates that are based on expectations and assumptions
which existed at the time such forecasts were prepared. Since many factors may materially
affect fiscal and economic conditions in the State, the inclusion in this Updated Financial Plan of
forecasts, projections, and estimates should not be regarded as a representation that such
forecasts, projections, and estimates will occur. Forecasts, projections and estimates are not
intended as representations of fact or guarantees of results. The words “expects,” “forecasts,”
“projects,” “intends,” “anticipates,” “estimates,” and analogous expressions are intended to
identify forward-looking statements in the Updated Financial Plan. Any such statements
inherently are subject to a variety of risks and uncertainties that could cause actual results to
differ materially and adversely from those projected. Such risks and uncertainties include,
among others, general economic and business conditions, changes in political, social and
economic conditions, impediments to the implementation of gap-closing actions, regulatory
initiatives and compliance with governmental regulations, litigation and various other events,
conditions and circumstances, many of which are beyond the control of the State. These
forward-looking statements speak only as of the date they were prepared.

2

FINANCIAL PLAN OVERVIEW
SUMMARY
In this Updated Financial Plan, DOB has made no revisions to the Financial Plan projections
set forth in the Enacted Budget Financial Plan dated May 6, 2011. DOB estimates that the
General Fund in FY 2012 is balanced on a cash basis of accounting. General Fund receipts,
including transfers from other funds, are expected to total $57.3 billion. General Fund
disbursements, including transfers to other funds, are expected to total $56.9 billion. DOB
expects the General Fund to end FY 2012 with a balance of approximately $1.7 billion,
unchanged from the Enacted Budget forecast. The budget gaps for future years are projected to
total approximately $2.4 billion in FY 2013, $2.8 billion in FY 2014, and $4.6 billion in FY
2015.1
FY 2012 GENERAL FUND ESTIMATED CLOSING BALANCE
(millions of dollars)
Projected Fund Balance

1,737

Statutory Reserves
Tax Stabilization Reserve Fund
Rainy Day Reserve Fund

1,031
275

Contingency Reserve Fund

21

Community Projects Fund

51

Reserved For
Prior-Year Labor Agreements (2007-2011)
Debt Management

346
13

The Updated Financial Plan includes $1.5 billion in savings from State agency operations,
consistent with the Enacted Budget Financial Plan. This includes approximately $450 million in
gap-closing savings from, among other things, wage and benefit changes negotiated with State
employee unions, operational efficiencies, and attrition. The State has reached tentative fiveyear collective bargaining agreements with the two largest public employee unions, representing
approximately 60 percent of the State workforce.

1

Budget gaps represent the difference between (a) the projected General Fund disbursements, including transfers to other funds, needed to
maintain anticipated service levels and specific commitments, and (b) the expected level of resources to pay for them. The gap estimates are
based on a number of assumptions and projections developed by the DOB in consultation with other State agencies.

3

MULTI-YEAR FINANCIAL PLAN PROJECTIONS
DOB estimates that the General Fund Financial Plan is balanced in FY 2012 and projects
budget gaps of approximately $2.4 billion in FY 2013, $2.8 billion in FY 2014, and $4.6 billion
in FY 2015. The net operating deficits in State Operating Funds are projected at $1.8 billion in
FY 2013, $2.1 billion in FY 2014, and $3.8 billion in FY 2015. The Multi-Year Financial Plan
projections are unchanged from the Enacted Budget Financial Plan. For a complete discussion
of the Financial Plan forecasts for receipts and disbursements, please see the Enacted Budget
Financial Plan dated May 6, 2011.
The following tables present the multi-year projections for the General Fund and State
Operating Funds.

4

MULTI-YEAR FINANCIAL PLAN PROJECTIONS
GENERAL FUND PROJECTIONS
MULTI-YEAR GENERAL FUND PROJECTIONS
(millions of dollars)

2010-11

2011-12

2012-13

2013-14

2014-15

Receipts
Taxes (After Debt Service)
Miscellaneous Receipts/Federal Grants
Other Transfers
Total Receipts

49,529

53,137

53,893

56,705

58,201

3,149

3,158

2,977

2,556

2,126

1,769

998

772

615

610

54,447

57,293

57,642

59,876

60,937

37,206

38,888

40,115

41,996

43,734

16,645

16,802

17,197

18,030

18,876

1,459

1,732

1,904

1,993

2,060

2,448

2,578

2,715

2,804

2,891

7,478

10,236

10,456

11,009

11,458

Disbursements
Local Assistance Grants
School Aid
Other Education Aid
Higher Education
Medicaid (incl. administration)
Public Health/Aging
Mental Hygiene
Social Services
Local Government Assistance
All Other

1

State Operations
Personal Service
Non-Personal Service
General State Charges
Pensions
Health Insurance (Active Employees)
Health Insurance (Retired Employees)
All Other
Transfers to Other Funds
State Share Medicaid
Debt Service
Capital Projects

852

891

881

886

1,881

1,978

2,161

2,280

2,859

3,117

3,441

3,721

3,885

776

767

797

787

787

2,537

923

736

610

611

7,973

7,356

7,951

7,915

8,210

6,151

5,560

5,773

5,879

6,047

1,822

1,796

2,178

2,036

2,163

4,187

4,668

5,126

5,499

5,660

1,470

1,670

1,857

2,113

2,411

1,834

2,144

2,367

2,575

2,592

1,221

1,285

1,418

1,543

1,553

(338)

All Other
Total Disbursements
Change in Reserves
Prior-Year Labor Agreements (2007-11)
Community Projects Fund
Rainy Day Fund
Reserved for Deferred Payments
Reserved for Debt Management
Budget Surplus/(Gap) Before Actions

(896)

6,738

7,160

7,796

3,032

3,119

3,082

3,082

932

1,449

1,712

1,658

1,566

800

1,168

1,361

1,456

200

200

200

200

119

119

121

123

74

55

55

55

55

5

42

55

55

55

45

40

40

40

40

207

Mental Hygiene

(732)

6,020

131

Indigent Legal Services

(516)

2,497
1,737

Judiciary Funds
Financial Management System

(431)

6,007

SUNY- Hospital Medicaid
Banking Services

1

765
2,239

0

0

0

317

869

379

283

270

271

350

55,373

56,932

59,930

62,570

65,400

361

91

142

142

346

142

142

142

(926)
0
40

(85)

0

(51)

100

(906)
(60)
0

0

(2,379)

(2,836)

(4,605)

All other includes school aid deferral and local aid spending in a number of other programs, including parks and
the environment, economic development, and public safety.

5

MULTI-YEAR FINANCIAL PLAN PROJECTIONS
STATE OPERATING FUNDS PROJECTIONS
STATE OPERATING FUNDS PROJECTIONS
(millions of dollars)
2010-11

2011-12

2012-13

2013-14

2014-15

59,532

63,615

64,901

68,139

70,093

36,209

39,059

39,210

41,440

43,189

13,608

14,059

14,510

14,976

15,464

6,657

7,544

8,024

8,338

7,828

3,058

2,953

3,157

3,385

3,612

Receipts:
Taxes
Personal Income Tax
User Taxes and Fees
Business Taxes
Other Taxes
Miscellaneous Receipts/Federal Grants

19,260

19,399

20,126

20,135

19,982

Total Receipts

78,792

83,014

85,027

88,274

90,075

55,295

57,761

59,893

62,387

64,750

19,788

19,686

20,250

21,151

22,018

3,234

3,293

3,322

3,510

3,693

1,474

1,744

1,912

2,000

2,067

2,470

2,594

2,715

2,804

2,891

11,915

15,280

15,894

16,531

17,192

2,015

2,121

2,139

2,174

2,216

3,578

3,601

3,853

4,169

4,370

2,869

3,129

3,452

3,722

3,886

4,254

4,236

4,325

4,405

4,495

776

767

797

787

787

2,922

1,310

1,234

1,134

1,135

17,387

16,728

17,545

17,708

18,194

12,422

11,677

11,971

12,174

12,468

4,965

5,051

5,574

5,534

5,726

6,102

6,530

7,125

7,644

7,990

1,470

1,670

1,857

2,113

2,411

1,834

2,144

2,367

2,575

2,592

1,221

1,285

1,418

1,543

1,553

1,577

1,431

1,483

1,413

1,434

5,615

5,855

6,332

6,498

6,551

18

5

5

5

5

84,417

86,879

90,900

94,242

97,490

4,784

4,431

4,091

3,892

3,581

(1,782)

(2,076)

(3,834)

Disbursements:
Local Assistance Grants
School Aid
STAR
Other Education Aid
Higher Education
Medicaid (DOH incl. administration)
Public Health/Aging
Mental Hygiene
Social Services
Transportation
Local Government Assistance
All Other

1

State Operations
Personal Service
Non-Personal Service
General State Charges
Pensions
Health Insurance (Active Employees)
Health Insurance (Retired Employees)
All Other
Debt Service
Capital Projects
Total Disbursements
Net Other Financing Sources/(Uses)
Net Operating Surplus/(Deficit)

(841)

566

841

(566)

(597)

(760)

(771)

926

(361)

(91)

(142)

(142)

(42)

(85)

(404)

(512)

(483)

(43)

(120)

(102)

(106)

(146)

(2,379)

(2,836)

(4,605)

Reconciliation to General Fund Gap:
Designated Fund Balances
General Fund
Special Revenue Funds
Debt Service Funds
General Fund Budget Gap

1

0

0

All other includes school aid deferral and local aid spending in a number of other programs, including
parks and the environment, economic development, and public safety.

6

YEAR-TO-DATE OPERATING RESULTS
Positive operating results through June 2011 compared the Enacted Budget forecast are
believed to be timing-related and do not provide a basis for revising the annual estimates of
receipts or disbursements at this time. In addition, DOB believes the changes in receipts and
disbursements from the first quarter of FY 2012 compared to the first quarter of FY 2011 does
not provide a reliable basis for extrapolating annual trends, given the distorting impact of cash
management actions that were taken in FY 2011.
General Fund receipts, including transfers from other funds, totaled $15.7 billion, $809
million above the Enacted forecast. DOB attributes the favorable variance to the timing of tax
payments, which are expected to be offset by marginally weaker receipts collections over the
remainder of the year.
General Fund disbursements, including transfers to other funds, totaled $14.6 billion through
June 2011, or $1.2 billion below the Enacted forecast. The favorable results appear to be due
entirely to the timing of disbursements, with several large payments originally anticipated in
June occurring in July. After adjusting for these timing-related variances, disbursements to date
appear to be generally consistent with the Enacted Budget forecast through the first quarter.
GENERAL FUND OPERATING RESULTS THROUGH JUNE 2011
(millions of dollars)
Actual
Results

Plan
Opening Balance
Receipts

1,376

n/a

14,896

15,705

809

1

9,943

10,432

489

1

2,915

2,925

10

1,131

1,363

232

362

371

9

545

614

69

Personal Income Tax
User Taxes and Fees
Business Taxes

1,376

Favorable/
(Unfavorable)

1

Other Taxes
Non-Tax Revenue
Disbursements

15,783

14,589

1,194

Education

5,445

4,974

471

Health Care

3,491

2,923

568

Social Services

955

805

150

All Other Local

1,602

1,491

111

Personal Service

(115)

1,610

1,725

Non-Personal Service

483

414

General State Charges

844

845

(1)

1,353

1,412

(59)

(887)

1,116

2,003

489

2,492

2,003

Transfers To Other Funds
Change in Operations
Closing Balance
1

Includes transfers from other funds after debt service.

7

69

YEAR-TO-DATE OPERATING RESULTS
Significant spending variances from the Enacted Budget projections include:

Education: Reflects lottery aid financing of school aid payments that was inadvertently
assumed in the General Fund ($240 million) and lower than projected school district
claiming that impacts the timing of payments ($70 million). In addition, the processing
of claims for preschool special education and summer school special education is
expected to result in these payments occurring in July and August rather than in June.

Health Care: Lower spending reflects timing changes of certain Medicaid managed care
premium payments ($280 million), the required repayment of Federal overpayments
associated with inpatient rate packages ($177 million), and processing delays of public
health reimbursement to counties and providers for claims submitted under various
programs ($135 million).

Social Services: Spending fell short of projections largely due to the processing of the
monthly settlement payment to social service districts for public assistance benefits ($102
million) and adult shelter payments ($30 million) in July rather than June.

Other Local: Higher education spending through June was $105 million lower than
projected, due largely to the timing of processing of SUNY’s quarterly community
college payments, intended to be paid in late June but made in July.

Personal Service: Higher spending is primarily due to SUNY’s timing of processing
routine accounting transfers between funds ($83 million).

Non-Personal Service: Lower spending is largely driven by SUNY ($39 million),
augmented by modest variances in numerous agencies.

8

YEAR-TO-DATE OPERATING RESULTS
GENERAL FUND OPERATING RESULTS YEAR OVER YEAR
APRIL THROUGH JUNE
(millions of dollars)
FY 2011
Actual
Opening Balance
Receipts

2,302

1,376

Increase/(Decrease)
$
%
(926)

12,659

15,705

3,046

1

24.1%

8,035

10,432

2,397

1

29.8%

2,747

2,925

178

6.5%

977

1,363

386

39.5%

378

371

(7)

-1.9%

522

614

92

17.6%

Personal Income Tax
User Taxes and Fees
Business Taxes

FY 2012
Actual

1

Other Taxes
Non-Tax Revenue
Disbursements

15,048

14,589

(459)

-3.1%

Education

6,922

4,974

(1,948)

-28.1%

Health Care

2,578

2,923

345

13.4%

Social Services

300

805

505

168.3%

All Other Local

1,301

1,491

190

14.6%

Personal Service

1,648

1,725

77

4.7%

Non-Personal Service

402

414

12

3.0%

General State Charges

638

845

207

32.4%

1,259

1,412

153

12.2%

(2,389)

1,116

3,505

(87)

2,492

2,579

Transfers To Other Funds
Change in Operations
Closing Balance
1

Includes transfers from other funds after debt service.

The closing balance in the General Fund as of June 2011 was $2.6 billion higher than the
closing balance on June 2010. Growth in revenue collections and a decline in spending have
improved the State’s operating position through June 2011 as compared to the prior year.
Tax receipts through June were roughly $3.0 billion (24 percent) higher than the prior year,
largely due to: sustained positive wage growth, lower personal income tax refunds due to timing
differences, continued corporate profits and increased consumer spending.
Through June, spending was $459 million (3.1 percent) lower than the same period last year,
largely due to an extra school aid payment in the prior year that was delayed from March 2010 to
June 2010. Excluding school aid, all other spending exceeded the prior year by nearly $1.5
billion mainly due to the effect of strict cash controls that had been instituted by DOB to
maintain positive cash balances in the prior year. Other significant drivers of increased spending
include growth in health care and social service costs, salary increases related to performance
advances for union employees effective April 1, 2011, and payment of a retroactive salary
increase for certain Judiciary employees.

9

YEAR-TO-DATE OPERATING RESULTS
STATE OPERATING FUNDS
STATE OPERATING FUNDS RESULTS APRIL - JUNE 2011
(millions of dollars)
FY 2012
Projections
Opening Balance

FY 2012
Results

Favorable/
(Unfavorable)

3,970

3,970

0

Receipts

20,221

20,971

750

Taxes

16,113

16,922

809

4,108

4,049

(59)

Miscellaneous/Federal Receipts
Disbursements

21,199

20,183

Education

5,778

5,295

1,016
483

Health Care

4,817

4,400

417

Social Services

959

808

151

All Other Local

3,277

3,161

116

Personal Service

2,955

3,003

(48)

Non-Personal Service

1,158

1,250

(92)
(17)

General State Charges

1,231

1,248

Debt Service

1,024

1,017

-

Capital Projects
Other Financing Sources

7
(1)

1,073

1,201

128

95

1,989

1,894

4,065

5,959

1,894

Change in Operations
Closing Balance

1

State Operating Funds ended June 2011 with a closing balance of nearly $6.0 billion, $1.9
billion above projected levels. Higher tax receipts are largely due to lower than projected PIT
refunds paid and higher than expected corporate franchise tax collections. Miscellaneous
receipts fell below projections mainly due to lower than expected refunds and reimbursements.
Lower local assistance spending primarily reflects the General Fund variances in education,
health care and social services described above. Total agency operations spending exceeded
projections mainly due to earlier than anticipated spending.

10

YEAR-TO-DATE OPERATING RESULTS
APRIL - JUNE STATE OPERATING FUNDS RESULTS YEAR OVER YEAR
(millions of dollars)
FY 2011
Results
Opening Balance

FY 2012
Results

Increase/(Decrease)
$
%

4,811

3,970

(841)

Receipts
Taxes
Miscellaneous/Federal Receipts

18,004
13,984
4,020

20,971
16,922
4,049

2,967
2,938
29

16.5%
21.0%
0.7%

Disbursements
Education
Health Care
Social Services
All Other Local
Personal Service
Non-Personal Service
General State Charges
Debt Service
Capital Projects

19,396
7,249
3,655
303
2,551
2,840
1,042
782
966
8

20,183
5,295
4,400
808
3,161
3,003
1,250
1,248
1,017
1

787
(1,954)
745
505
610
163
208
466
51
(7)

4.1%
-27.0%
20.4%
166.7%
23.9%
5.7%
20.0%
59.6%
5.3%
-87.5%

1,084

1,201

117

1,989

2,297

5,959

1,456

Other Financing Sources
Change in Operations
Closing Balance

(308)
4,503

Consistent with the General Fund, State Operating Funds tax receipts and spending exceed
the prior year described above. In addition to the General Fund increase described earlier, higher
spending in other State Funds through June is mainly due to mental hygiene and transit aid
payments. Agency operations increased over the prior year due to an additional institutional
payroll and higher non-personal service spending in various agencies mainly due to spending
restrictions in place in the prior year. Health insurance payments delayed in the prior year
contribute to General State Charges increases.

11

YEAR-TO-DATE OPERATING RESULTS
ALL GOVERNMENTAL FUNDS
All GOVERNMENTAL FUNDS RESULTS THROUGH JUNE 2011
(millions of dollars)

Projections
Opening Balance (April 1, 2011)

Favorable/
(Unfavorable)

Results

3,811

3,811

n/a

Receipts

33,739

33,376

(363)

Taxes

16,421

17,220

799

5,060

4,987

(73)

Federal Grants

12,258

11,169

(1,089)

Disbursements

33,518

31,751

1,767

State Operating Funds

21,199

20,183

1,016

Capital Projects Funds

1,698

1,827

(129)

Federal Operating Funds

10,621

9,741

880

Other Financing Sources

70

Miscellaneous Receipts

Change in Operations
Closing Balance (June 30, 2011)

(10)

(80)

291

1,615

1,324

4,102

5,426

1,324

All Governmental Funds spending lagged projections by nearly $1.8 billion mainly due to the
variance in State Operating Funds described earlier, plus a variance in Federal operating
spending as a result of roughly $700 million in social services settlement payment delays, as well
as lower than projected Medicaid spending.
All GOVERNMENTAL FUNDS RESULTS YEAR OVER YEAR
(millions of dollars)
FY 2011
Actual
Opening Balance (April 1)

Increase/(Decrease)
$
%

Results

4,859

3,811

(1,048)

Receipts
Taxes
Miscellaneous Receipts
Federal Grants

30,244
14,286
4,932
11,026

33,376
17,220
4,987
11,169

3,132
2,934
55
143

Disbursements
State Operating Funds
Capital Projects Funds
Federal Operating Funds

31,450
19,396
1,544
10,510

31,751
20,183
1,827
9,741

Other Financing Sources

(21)

(10)

Change in Operations
Closing Balance (June 30)

301
787
283
(769)
11

(1,227)

1,615

2,842

3,632

5,426

1,794

12

10.4%
20.5%
1.1%
1.3%
1.0%
4.1%
18.3%
-7.3%

FINANCIAL PLAN TABLES
EXCEPT FOR THE TABLES LISTED BELOW, THE FINANCIAL PLAN SCHEDULES ARE
UNCHANGED FROM THOSE SET FORTH IN THE ENACTED BUDGET FINANCIAL PLAN
DATED MAY 6, 2011.
Cash Flow – Update of FY 2012 Monthly Projections
General Fund ................................................................................................................ T-1
State Operating Funds .................................................................................................. T-2
Capital Projects Funds - Total ...................................................................................... T-3
Capital Projects Funds - State ...................................................................................... T-4
Capital Projects Funds - Federal .................................................................................. T-5
Special Revenue Funds - Total..................................................................................... T-6
Special Revenue Funds - State ..................................................................................... T-7
Special Revenue Funds - Federal ................................................................................. T-8
Debt Service Funds ...................................................................................................... T-9
All Governmental Funds ............................................................................................ T-10
State Funds ................................................................................................................. T-11

13

T-1

Federal Grants

13

3,134
4,510

Excess/(Deficiency) of Receipts over Disbursements

CLOSING BALANCE

522
(23)
273
168
940

Debt Service
Capital Projects
State Share Medicaid
Other Purposes
Total Transfers to Other Funds
3,734

404

General State Charges

TOTAL DISBURSEMENTS

602
199
801

233
32
23
962
15
19
8
326
0
1
(30)
1,589

DISBURSEMENTS:
School Aid
Higher Education
All Other Education
Medicaid - DOH
Public Health
Mental Hygiene
Children and Families
Temporary & Disability Assistance
Transportation
Unrestricted Aid
All Other
Total Local Assistance Grants

Personal Service
Non-Personal Service
Total State Operations

6,868

1,809

(2,701)

5,057

22
52
202
37
313

322

525
125
650

2,579
19
21
904
18
2
114
63
24
12
16
3,772

2,356

211
98
41
2
352

2
1,385
201
38
96
1,720

TOTAL RECEIPTS

PIT in Excess of Revenue Bond Debt Service
Sales Tax in Excess of LGAC Debt Service
Real Estate Taxes in Excess of CW/CA Debt Service
All Other
Total Transfers from Other Funds

64
0
5
0
7
0
16
92

1,072
667
28
132
1,899

4,510

May
Actuals

46
1
5
0
4
1
21
78

4,153
689
161
65
5,068

RECEIPTS:
Personal Income Tax
User Taxes and Fees
Business Taxes
Other Taxes
Total Taxes

Licenses, Fees, etc.
Abandoned Property
ABC License Fee
Motor vehicle fees
Reimbursements
Investment Income
Other Transactions
Total Miscellaneous Receipts

1,376

OPENING BALANCE

2011
April
Actuals

2,492

683

5,797

(129)
52
206
29
158

119

598
90
688

1,894
525
223
983
41
387
230
65
0
294
190
4,832

6,480

1,000
378
19
17
1,414

0

56
39
6
13
56
1
146
317

2,610
892
1,173
74
4,749

1,809

June
Actuals

1,875

(617)

3,984

420
22
217
17
676

420

554
142
696

120
129
254
1,334
72
4
72
169
0
0
38
2,192

3,367

519
209
34
11
773

0

46
16
4
(13)
6
2
59
120

1,695
697
(12)
94
2,474

2,492

July
Projected

1,572

(303)

3,563

(4)
59
200
48
303

302

623
166
789

532
300
70
811
137
4
86
143
24
3
59
2,169

3,260

241
151
56
15
463

0

44
10
4
0
12
0
43
113

1,829
711
58
86
2,684

1,875

August
Projected

CASHFLOW
GENERAL FUND
FY 2012
(dollars in millions)

4,975

3,403

3,522

(107)
(42)
202
25
78

174

347
118
465

1,190
73
53
332
79
544
239
122
0
101
72
2,805

6,925

1,051
283
34
55
1,423

15

44
62
4
7
20
0
366
503

2,660
917
1,321
86
4,984

1,572

September
Projected

4,014

(961)

4,241

552
87
273
139
1,051

243

335
123
458

560
470
237
1,073
29
6
76
75
0
2
(39)
2,489

3,280

324
209
37
42
612

0

43
23
3
21
12
1
39
142

1,693
687
61
85
2,526

4,975

October
Projected

2,728

(1,286)

4,154

0
81
274
59
414

427

422
161
583

975
57
160
1,214
75
1
104
75
24
2
43
2,730

2,868

168
210
25
22
425

0

45
147
3
21
12
0
41
269

1,336
691
62
85
2,174

4,014

November
Projected

2,475

(253)

4,405

(84)
(48)
274
25
167

188

495
123
618

1,580
175
21
654
86
380
186
95
15
205
35
3,432

4,152

1,014
265
31
27
1,337

15

48
62
3
21
23
0
85
242

353
865
1,255
85
2,558

2,728

December
Projected

6,655

4,180

3,301

423
130
278
29
860

326

332
131
463

230
40
236
789
22
137
83
75
0
2
38
1,652

7,481

1,023
221
30
6
1,280

0

42
73
4
21
9
1
39
189

5,145
730
52
85
6,012

2,475

2012
January
Projected

5,912

(743)

3,847

(18)
67
248
18
315

290

508
180
688

480
323
97
927
23
118
74
18
10
2
482
2,554

3,104

326
3
26
(48)
307

0

46
56
5
21
10
1
68
207

1,815
618
75
82
2,590

6,655

February
Projected

1,737

(4,175)

11,327

(148)
363
385
145
745

1,453

219
238
457

6,429
435
337
253
145
279
443
176
3
143
29
8,672

7,152

834
181
24
753
1,792

15

(69)
266
3
20
31
3
572
826

1,640
941
1,867
71
4,519

5,912

March
Projected

Total

1,737

361

56,932

1,449
800
3,032
739
6,020

4,668

5,560
1,796
7,356

16,802
2,578
1,732
10,236
742
1,881
1,715
1,402
100
767
933
38,888

57,293

8,096
2,409
395
998
11,898

60

455
755
49
132
202
10
1,495
3,098

26,001
9,105
6,101
1,030
42,237

1,376

4,224

3,549
(2,991)
0
558

4,683
8,653

TOTAL DISBURSEMENTS

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds
Bond and note proceeds
NET OTHER FINANCING SOURCES/(USES)

Excess/(Deficiency) of Receipts over Disbursements

CLOSING BALANCE

0

157

Capital Projects

449

Debt service

233
32
24
0
1,356
37
70
9
327
161
1
(18)
2,232

DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Health
Mental Hygiene
Children and Families
Temporary & Disability Assistance
Transportation
Unrestricted Aid
All Other
Total Local Assistance Grants

General State Charges

8,349

TOTAL RECEIPTS

994
392
1,386

7,098
1,246
5

RECEIPTS:
Taxes
Miscellaneous Receipts
Federal Grants

Personal Service
Non-Personal Service
Total State Operations

3,970

2011
April
Projected

OPENING BALANCE

T-2
6,241

(2,412)

1,312
(962)
0
350

6,867

1

293

400

922
392
1,314

2,579
19
21
0
1,365
136
67
115
63
445
12
37
4,859

4,105

2,854
1,238
13

8,653

May
Projected

5,959

(282)

2,427
(2,133)
0
294

9,091

0

566

401

1,088
465
1,553

2,213
525
223
392
1,270
235
571
230
66
353
294
199
6,571

8,515

6,967
1,548
0

6,241

June
Projected

6,475

516

1,890
(1,632)
0
258

4,797

1

104

462

917
340
1,257

120
129
255
0
1,626
138
151
73
170
261
0
50
2,973

5,055

3,634
1,421
0

5,959

July
Projected

6,535

60

1,471
(1,080)
0
391

5,859

1

284

527

1,155
425
1,580

532
300
71
0
1,300
245
111
86
144
508
3
167
3,467

5,528

3,930
1,596
2

6,475

August
Projected

7,665

1,130

2,376
(1,814)
0
562

8,455

0

910

356

862
409
1,271

3,139
73
54
178
725
158
722
240
123
264
101
141
5,918

9,023

6,949
2,023
51

6,535

September
Projected

CASHFLOW
STATE OPERATING FUNDS
FY 2012
(dollars in millions)

7,908

243

2,348
(1,954)
0
394

5,507

0

106

451

902
437
1,339

662
470
238
21
1,459
153
143
76
75
293
2
19
3,611

5,356

3,714
1,642
0

7,665

October
Projected

6,965

(943)

1,442
(1,137)
0
305

6,183

0

188

478

971
433
1,404

1,077
57
161
74
1,650
202
98
104
76
544
2
68
4,113

4,935

3,300
1,635
0

7,908

November
Projected

5,517

(1,448)

2,341
(1,936)
0
405

10,523

0

1,134

405

1,104
501
1,605

1,682
175
22
2,627
964
173
528
186
96
654
205
67
7,379

8,670

7,033
1,622
15

6,965

December
Projected

11,596

6,079

2,686
(2,435)
0
251

4,404

0

96

522

865
416
1,281

332
40
237
0
1,034
127
306
83
76
200
2
68
2,505

10,232

8,400
1,832
0

5,517

2012
January
Projected

11,128

(468)

1,208
(919)
0
289

6,229

0

470

340

1,198
466
1,664

583
323
98
0
1,516
93
208
74
19
332
2
507
3,755

5,472

3,770
1,700
2

11,596

February
Projected

4,536

(6,592)

3,318
(2,944)
0
374

14,740

2

1,547

1,739

699
375
1,074

6,534
451
339
1
1,016
314
625
440
177
222
143
116
10,378

7,774

5,966
1,756
52

11,128

March
Projected

0

0

(624)
624
0
0

0

0

0

0

0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0

0

0
0
0

Intra-Fund
Transfer
Eliminations

4,536

566

25,744
(21,313)
0
4,431

86,879

5

5,855

6,530

11,677
5,051
16,728

19,686
2,594
1,743
3,293
15,281
2,011
3,600
1,716
1,412
4,237
767
1,421
57,761

83,014

63,615
19,259
140

3,970

Total

88
343
127
558

191
191

RECEIPTS:
Taxes
Miscellaneous Receipts
Federal Grants
TOTAL RECEIPTS

DISBURSEMENTS:
Local Assistance Grants
Total Local Assistance Grants

(46)

Excess/(Deficiency) of Receipts over Disbursements
(214)

(7)
(89)
0
(96)

CLOSING BALANCE

642

508

TOTAL DISBURSEMENTS

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds
Bond and note proceeds
NET OTHER FINANCING SOURCES/(USES)

(329)

(115)

79
(90)
0
(11)

2
17
207
2
7
46
53
15
349

293
293

86
320
132
538

(214)

May
Actuals

2
18
191
3
6
20
54
23
317

Economic Development
Parks & the Environment
Transportation
Health & Social Welfare
Mental Hygiene
Public Protection
Education
All Other
Total Capital Projects

(168)

2011
April
Actuals

OPENING BALANCE

T-3
(402)

(73)

107
(94)
0
13

676

4
18
320
3
7
21
87
15
475

201
201

123
238
229
590

(329)

June
Actuals

(387)

15

22
(98)
41
(35)

673

5
28
252
3
15
27
78
17
425

248
248

115
426
182
723

(402)

July
Projected

(378)

9

60
(95)
41
6

585

5
27
267
3
13
27
107
17
466

119
119

122
275
191
588

(387)

August
Projected

(576)

(198)

9
(220)
41
(170)

712

12
27
300
3
7
28
97
17
491

221
221

133
358
193
684

(378)

September
Projected

CASHFLOW
CAPITAL PROJECTS FUNDS
FY 2012
(dollars in millions)

(548)

28

88
(103)
41
26

591

5
29
281
3
7
26
82
17
450

141
141

110
292
191
593

(576)

October
Projected

(541)

7

81
(95)
41
27

586

5
27
270
3
8
26
98
16
453

133
133

105
271
190
566

(548)

November
Projected

(605)

(64)

3
(95)
41
(51)

662

15
26
280
3
12
27
103
14
480

182
182

130
337
182
649

(541)

December
Projected

(504)

101

130
(95)
41
76

533

5
27
246
3
10
23
93
13
420

113
113

108
278
172
558

(605)

2012
January
Projected

(430)

74

67
(40)
49
76

509

4
26
215
3
12
29
104
14
407

102
102

105
253
149
507

(504)

February
Projected

(286)

144

421
(331)
148
238

1,211

14
143
297
2
26
27
149
(214)
444

767
767

136
625
356
1,117

(430)

March
Projected

(286)

(118)

1,060
(1,445)
484
99

7,888

78
413
3,126
34
130
327
1,105
(36)
5,177

2,711
2,711

1,361
4,016
2,294
7,671

(168)

Total

T-4
(85)

Excess/(Deficiency) of Receipts over Disbursements
(147)

(7)
(90)
0
(97)

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds
Bond and note proceeds
NET OTHER FINANCING SOURCES/(USES)

CLOSING BALANCE

419

TOTAL DISBURSEMENTS

165
165

DISBURSEMENTS:
Local Assistance Grants
Total Local Assistance Grants
2
18
134
3
6
18
54
19
254

88
343
0
431

RECEIPTS:
Taxes
Miscellaneous Receipts
Federal Grants
TOTAL RECEIPTS

Economic Development
Parks & the Environment
Transportation
Health & Social Welfare
Mental Hygiene
Public Protection
Education
All Other
Total Capital Projects

(62)

OPENING BALANCE

2011
April
Actuals

(296)

(149)

79
(90)
0
(11)

544

2
17
135
2
7
45
53
14
275

269
269

86
320
0
406

(147)

May
Actuals

(402)

(106)

107
(94)
0
13

480

4
17
228
3
7
20
87
13
379

101
101

123
238
0
361

(296)

June
Actuals

(371)

31

59
(97)
41
3

513

5
27
175
3
15
26
78
12
341

172
172

115
426
0
541

(402)

July
Projected

(346)

25

97
(94)
41
44

416

5
26
185
3
13
26
107
11
376

40
40

122
275
0
397

(371)

August
Projected

(519)

(173)

46
(219)
41
(132)

535

11
25
218
3
7
26
97
14
401

134
134

133
358
3
494

(346)

September
Projected

CASHFLOW
CAPITAL PROJECTS STATE FUNDS
FY 2012
(dollars in millions)

(467)

52

125
(101)
41
65

415

5
27
198
3
7
24
82
14
360

55
55

110
292
0
402

(519)

October
Projected

(440)

27

118
(94)
41
65

414

5
25
188
3
8
24
98
12
363

51
51

105
271
0
376

(467)

November
Projected

(488)

(48)

40
(94)
41
(13)

502

14
24
203
3
12
25
103
11
395

107
107

130
337
0
467

(440)

December
Projected

(370)

118

167
(94)
41
114

382

5
26
174
3
10
21
93
8
340

42
42

108
278
0
386

(488)

2012
January
Projected

(277)

93

104
(38)
49
115

380

4
24
158
3
12
28
104
9
342

38
38

105
253
0
358

(370)

February
Projected

(162)

115

457
(328)
148
277

925

13
141
259
2
26
26
149
(221)
395

530
530

136
625
2
763

(277)

March
Projected

(162)

(100)

1,392
(1,433)
484
443

5,925

75
397
2,255
34
130
309
1,105
(84)
4,221

1,704
1,704

1,361
4,016
5
5,382

(62)

Total

34
(33)

39
(67)

CLOSING BALANCE

0
0
0
0

98

0
0
72
0
0
1
0
1
74

24
24

Excess/(Deficiency) of Receipts over Disbursements

0
1
0
1

89

TOTAL DISBURSEMENTS

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds
Bond and note proceeds
NET OTHER FINANCING SOURCES/(USES)

0
0
57
0
0
2
0
4
63

Economic Development
Parks & the Environment
Transportation
Health & Social Welfare
Mental Hygiene
Public Protection
Education
All Other
Total Capital Projects

26
26

0
0
127
127

RECEIPTS:
Taxes
Miscellaneous Receipts
Federal Grants
TOTAL RECEIPTS

DISBURSEMENTS:
Local Assistance Grants
Total Local Assistance Grants

(67)

(106)

OPENING BALANCE

0
0
132
132

May
Actuals

2011
April
Actuals

T-5
0

33

0
0
0
0

196

0
1
92
0
0
1
0
2
96

100
100

0
0
229
229

(33)

June
Actuals

(16)

(16)

(37)
(1)
0
(38)

160

0
1
77
0
0
1
0
5
84

76
76

0
0
182
182

0

July
Projected

(32)

(16)

(37)
(1)
0
(38)

169

0
1
82
0
0
1
0
6
90

79
79

0
0
191
191

(16)

August
Projected

(57)

(25)

(37)
(1)
0
(38)

177

1
2
82
0
0
2
0
3
90

87
87

0
0
190
190

(32)

September
Projected

CASHFLOW
CAPITAL PROJECTS FEDERAL FUNDS
FY 2012
(dollars in millions)

(81)

(24)

(37)
(2)
0
(39)

176

0
2
83
0
0
2
0
3
90

86
86

0
0
191
191

(57)

October
Projected

(101)

(20)

(37)
(1)
0
(38)

172

0
2
82
0
0
2
0
4
90

82
82

0
0
190
190

(81)

November
Projected

(117)

(16)

(37)
(1)
0
(38)

160

1
2
77
0
0
2
0
3
85

75
75

0
0
182
182

(101)

December
Projected

(134)

(17)

(37)
(1)
0
(38)

151

0
1
72
0
0
2
0
5
80

71
71

0
0
172
172

(117)

2012
January
Projected

(153)

(19)

(37)
(2)
0
(39)

129

0
2
57
0
0
1
0
5
65

64
64

0
0
149
149

(134)

February
Projected

(124)

29

(36)
(3)
0
(39)

286

1
2
38
0
0
1
0
7
49

237
237

0
0
354
354

(153)

March
Projected

(124)

(18)

(332)
(12)
0
(344)

1,963

3
16
871
0
0
18
0
48
956

1,007
1,007

0
0
2,289
2,289

(106)

Total

T-6
1,247
3,397

CLOSING BALANCE

259

NET OTHER FINANCING SOURCES/(USES)

Excess/(Deficiency) of Receipts over Disbursements

820
(561)

4,495

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds

TOTAL DISBURSEMENTS

0

48

Capital Projects

General State Charges

336
1
215
0
2,793
73
71
11
66
164
0
22
3,752

DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Health
Mental Hygiene
Children and Families
Temporary & Disability Assistance
Transportation
Unrestricted Aid
All Other
Total Local Assistance Grants
445
250
695

5,483

Personal Service
Non-Personal Service
Total State Operations

2,927

3,978

Federal Grants

TOTAL RECEIPTS

3,363

(34)

187

557
(370)

4,634

1

103

454
316
770

416
1
188
0
2,263
241
76
9
42
424
0
100
3,760

4,413

349
195
225
68
43
260
1,140

0
162
56
128
346

3,397

May
Actuals

339
183
232
60
40
259
1,113

0
206
61
125
392

RECEIPTS:
Personal Income Tax
User Taxes and Fees
Business Taxes
Other Taxes
Total Taxes

HCRA
State University Income
Lottery
Medicaid
Motor vehicle fees
Other receipts
Total Miscellaneous Receipts

2,150

OPENING BALANCE

2011
April
Actuals

2,866

(497)

251

688
(437)

6,593

0

322

537
431
968

768
1
104
392
3,061
286
202
6
63
354
0
66
5,303

5,845

3,758

345
225
275
67
34
228
1,174

392
196
240
85
913

3,363

June
Actuals

3,978

1,112

246

445
(199)

4,725

1

51

411
245
656

241
1
47
0
2,670
147
161
164
259
264
0
63
4,017

5,591

4,023

364
238
212
94
44
277
1,229

0
191
41
107
339

2,866

July
Projected

3,536

(442)

264

639
(375)

5,155

1

244

607
321
928

179
0
55
0
2,132
209
119
258
369
487
0
174
3,982

4,449

2,688

332
441
267
72
41
253
1,406

0
180
54
121
355

3,978

August
Projected

2,447

(1,089)

140

556
(416)

6,864

0

232

571
399
970

2,128
0
54
178
2,110
174
191
88
328
267
0
144
5,662

5,635

3,498

296
477
232
72
41
328
1,446

178
198
244
71
691

3,536

September
Projected

CASHFLOW
SPECIAL REVENUE FUNDS
FY 2012
(dollars in millions)

2,798

351

398

812
(414)

4,932

0

216

616
419
1,035

291
0
64
21
2,103
224
145
62
417
296
0
58
3,681

4,885

3,092

364
324
227
72
35
410
1,432

21
188
49
103
361

2,447

October
Projected

2,464

(334)

330

645
(315)

5,161

0

64

599
337
936

291
0
84
74
2,379
224
102
65
316
523
0
103
4,161

4,497

2,789

398
278
285
72
28
235
1,296

74
169
45
124
412

2,798

November
Projected

2,657

193

160

613
(453)

8,001

0

268

661
413
1,074

385
0
149
2,627
2,027
193
170
65
286
642
0
115
6,659

8,034

3,546

353
252
248
72
28
360
1,313

2,627
206
236
106
3,175

2,464

December
Projected

2,972

315

321

616
(295)

4,452

0

206

581
372
953

311
0
54
0
1,869
202
183
70
286
203
0
115
3,293

4,446

2,459

495
437
247
72
27
295
1,573

0
188
48
178
414

2,657

2012
January
Projected

2,653

(319)

342

610
(268)

5,494

0

62

759
433
1,192

595
0
69
0
2,532
165
98
78
275
325
0
103
4,240

4,833

3,061

311
454
297
72
26
262
1,422

0
137
49
164
350

2,972

February
Projected

2,236

(417)

(366)

946
(1,312)

6,475

2

349

562
267
829

669
20
93
1
2,655
271
356
123
740
220
0
147
5,295

6,424

5,053

342
146
325
77
37
(127)
800

0
141
320
110
571

2,653

March
Projected

0

0

0

(624)
624

0

0

0

0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0

0

0

0
0
0
0
0
0
0

0
0
0
0
0

Intra-Fund
Transfer
Eliminations

Total

2,236

86

2,532

7,323
(4,791)

66,981

5

2,165

6,803
4,203
11,006

6,610
24
1,176
3,293
28,594
2,409
1,874
999
3,447
4,169
0
1,210
53,805

64,535

40,872

4,288
3,650
3,072
870
424
3,040
15,344

3,292
2,162
1,443
1,422
8,319

2,150

T-7

Federal Grants

0

153
3,241

947
3,088

Excess/(Deficiency) of Receipts over Disbursements

CLOSING BALANCE

531

726

557
(26)

820
(94)

1,829

NET OTHER FINANCING SOURCES/(USES)

1,272

1

78

397
266
663

0
0
0
0
461
118
65
1
0
421
0
21
1,087

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds

TOTAL DISBURSEMENTS

0

45

General State Charges

Capital Projects

392
192
584

0
0
1
0
394
22
51
1
1
161
0
12
643

1,451

0
1,493

Personal Service
Non-Personal Service
Total State Operations

DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Health
Mental Hygiene
Children and Families
Temporary & Disability Assistance
Transportation
Unrestricted Aid
All Other
Total Local Assistance Grants

TOTAL RECEIPTS

349
195
225
68
43
0
225
1,105

0
162
56
128
346

3,088

May
Actuals

339
183
232
60
40
0
247
1,101

0
206
61
125
392

RECEIPTS:
Personal Income Tax
User Taxes and Fees
Business Taxes
Other Taxes
Total Taxes

HCRA
State University Income
Lottery
Medicaid
Motor vehicle fees
ABC License Fee
Other receipts
Total Miscellaneous Receipts

2,141

OPENING BALANCE

2011
April
Actuals

2,995

(246)

556

688
(132)

2,880

0

282

490
369
859

319
0
0
392
287
194
184
0
1
353
0
9
1,739

2,078

0

345
225
275
67
34
0
219
1,165

392
196
240
85
913

3,241

June
Actuals

3,609

614

438

445
(7)

1,381

1

42

363
194
557

0
0
1
0
292
66
147
1
1
261
0
12
781

1,557

0

364
238
212
94
44
0
266
1,218

0
191
41
107
339

2,995

July
Projected

3,674

65

623

639
(16)

2,308

1

225

532
252
784

0
0
1
0
489
108
107
0
1
484
0
108
1,298

1,750

0

332
441
267
72
41
0
242
1,395

0
180
54
121
355

3,609

August
Projected

2,194

(1,480)

489

556
(67)

4,094

0

182

515
284
799

1,949
0
1
178
393
79
178
1
1
264
0
69
3,113

2,125

0

296
477
232
72
41
0
316
1,434

178
198
244
71
691

3,674

September
Projected

2,542

348

779

812
(33)

2,210

0

208

567
313
880

102
0
1
21
386
124
137
0
0
293
0
58
1,122

1,779

0

364
324
227
72
35
0
396
1,418

21
188
49
103
361

2,194

October
Projected

CASHFLOW
SPECIAL REVENUE STATE FUNDS
FY 2012
(dollars in millions)

2,610

68

624

645
(21)

2,253

0

51

549
270
819

102
0
1
74
436
127
97
0
1
520
0
25
1,383

1,697

0

398
278
285
72
28
0
224
1,285

74
169
45
124
412

2,542

November
Projected

2,399

(211)

454

613
(159)

5,139

0

217

609
366
975

102
0
1
2,627
310
87
148
0
1
639
0
32
3,947

4,474

0

353
252
248
72
28
0
346
1,299

2,627
206
236
106
3,175

2,610

December
Projected

3,120

721

611

616
(5)

1,866

0

196

533
284
817

102
0
1
0
245
105
169
0
1
200
0
30
853

1,976

0

495
437
247
72
27
0
284
1,562

0
188
48
178
414

2,399

2012
January
Projected

3,320

200

661

610
51

2,222

0

50

690
281
971

103
0
1
0
589
70
90
0
1
322
0
25
1,201

1,761

0

311
454
297
72
26
0
251
1,411

0
137
49
164
350

3,120

February
Projected

2,226

(1,094)

111

945
(834)

2,596

2

286

480
122
602

105
16
2
1
763
169
346
(3)
1
219
0
87
1,706

1,391

1

342
146
325
77
37
0
(108)
819

0
141
320
110
571

3,320

March
Projected

0

0

0

(624)
624

0

0

0

0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0

0

0

0
0
0
0
0
0
0
0

0
0
0
0
0

Intra-Fund
Transfer
Eliminations

2,226

85

6,603

7,322
(719)

30,050

5

1,862

6,117
3,193
9,310

2,884
16
11
3,293
5,045
1,269
1,719
1
10
4,137
0
488
18,873

23,532

1

4,288
3,650
3,072
870
424
0
2,908
15,212

3,292
2,162
1,443
1,422
8,319

2,141

Total

336
1
214
0
2,399
51
20
10
65
3
0
10
3,109

DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Heatlh
Mental Hygiene
Children and Families
Temporary & Disability Assistance
Transportation
Unrestricted Aid
All Other
Total Local Assistance Grants

(344)
(187)
122

(467)
300
309

NET OTHER FINANCING SOURCES/(USES)

Excess/(Deficiency) of Receipts over Disbursements

CLOSING BALANCE

2,805

0
(344)

3,223

0

25

57
50
107

416
1
188
0
1,802
123
11
8
42
3
0
79
2,673

2,962

35
2,927

309

May
Actuals

0
(467)

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds

TOTAL DISBURSEMENTS

3
0

General State Charges

Capital Projects

53
58
111

3,990

TOTAL RECEIPTS

Personal Service
Non-Personal Service
Total State Operations

12
3,978

9

2011
April
Actuals

RECEIPTS:
Miscellaneous Receipts
Federal Grants

OPENING BALANCE

T-8
(129)

(251)

(305)

0
(305)

3,713

0

40

47
62
109

449
1
104
0
2,774
92
18
6
62
1
0
57
3,564

3,767

9
3,758

122

June
Actuals

369

498

(192)

0
(192)

3,344

0

9

48
51
99

241
1
46
0
2,378
81
14
163
258
3
0
51
3,236

4,034

11
4,023

(129)

July
Projected

(138)

(507)

(359)

0
(359)

2,847

0

19

75
69
144

179
0
54
0
1,643
101
12
258
368
3
0
66
2,684

2,699

11
2,688

369

August
Projected

253

391

(349)

0
(349)

2,770

0

50

56
115
171

179
0
53
0
1,717
95
13
87
327
3
0
75
2,549

3,510

12
3,498

(138)

September
Projected

CASHFLOW
SPECIAL REVENUE FEDERAL FUNDS
FY 2012
(dollars in millions)

256

3

(381)

0
(381)

2,722

0

8

49
106
155

189
0
63
0
1,717
100
8
62
417
3
0
0
2,559

3,106

14
3,092

253

October
Projected

(146)

(402)

(294)

0
(294)

2,908

0

13

50
67
117

189
0
83
0
1,943
97
5
65
315
3
0
78
2,778

2,800

11
2,789

256

November
Projected

258

404

(294)

0
(294)

2,862

0

51

52
47
99

283
0
148
0
1,717
106
22
65
285
3
0
83
2,712

3,560

14
3,546

(146)

December
Projected

(148)

(406)

(290)

0
(290)

2,586

0

10

48
88
136

209
0
53
0
1,624
97
14
70
285
3
0
85
2,440

2,470

11
2,459

258

2012
January
Projected

(667)

(519)

(319)

0
(319)

3,272

0

12

69
152
221

492
0
68
0
1,943
95
8
78
274
3
0
78
3,039

3,072

11
3,061

(148)

February
Projected

10

677

(477)

1
(478)

3,879

0

63

82
145
227

564
4
91
0
1,892
102
10
126
739
1
0
60
3,589

5,033

(19)
5,052

(667)

March
Projected

10

1

(4,071)

1
(4,072)

36,931

0

303

686
1,010
1,696

3,726
8
1,165
0
23,549
1,140
155
998
3,437
32
0
722
34,932

41,003

132
40,871

9

Total

T-9

CLOSING BALANCE

Excess/(Deficiency) of Receipts over Disbursements
1,055

602

1,009
(1,957)
(948)

1
157
158

DISBURSEMENTS:
State Operations
Debt Service
TOTAL DISBURSEMENTS

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds
NET OTHER FINANCING SOURCES/(USES)

1,638
67
3
1,708

453

RECEIPTS:
Taxes
Miscellaneous Receipts
Federal Grants
TOTAL RECEIPTS

OPENING BALANCE

2011
April
Actuals

1,191

136

403
(623)
(220)

1
293
294

609
41
0
650

1,055

May
Actuals

472

(719)

325
(1,843)
(1,518)

6
566
572

1,305
66
0
1,371

1,191

June
Actuals

991

519

672
(949)
(277)

4
104
108

821
83
0
904

472

July
Projected

1,289

298

369
(761)
(392)

7
284
291

891
88
2
981

991

August
Projected

496

(793)

397
(1,669)
(1,272)

7
910
917

1,274
86
36
1,396

1,289

September
Projected

CASHFLOW
DEBT SERVICE FUNDS
FY 2012
(dollars in millions)

1,352

856

924
(870)
54

1
106
107

827
82
0
909

496

October
Projected

1,627

275

372
(702)
(330)

2
188
190

714
81
0
795

1,352

November
Projected

643

(984)

391
(1,610)
(1,219)

12
1,134
1,146

1,300
81
0
1,381

1,627

December
Projected

1,821

1,178

790
(1,570)
(780)

1
96
97

1,974
81
0
2,055

643

2012
January
Projected

1,896

75

291
(655)
(364)

5
470
475

830
82
2
914

1,821

February
Projected

573

(1,323)

581
(1,365)
(784)

15
1,547
1,562

876
111
36
1,023

1,896

March
Projected

573

120

6,524
(14,574)
(8,050)

62
5,855
5,917

13,059
949
79
14,087

453

Total

T-10
8,748

CLOSING BALANCE

Closing Fund Balance After Proposed Reductions

8,748

0

4,937

Excess/(Deficiency) of Receipts over Disbursements

Net Proposed Reductions

3,542
(3,547)
0
(5)

317

Capital Projects

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds
Bond and note proceeds
NET OTHER FINANCING SOURCES/(USES)

157

Debt service

7,955

452

General State Charges

TOTAL DISBURSEMENTS

1,047
450
1,497

569
33
238
0
3,755
88
90
19
392
164
1
183
5,532

Personal Service
Non-Personal Service
Total State Operations

DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Health
Mental Hygiene
Children and Families
Temporary & Disability Assistance
Transportation
Unrestricted Aid
All Other
Total Local Assistance Grants

12,897

7,186
1,601
4,110

RECEIPTS:
Taxes
Miscellaneous Receipts
Federal Grants

TOTAL RECEIPTS

3,811

OPENING BALANCE

2011
April
Actuals

6,034

0

6,034

(2,714)

1,391
(1,396)
0
(5)

10,314

350

293

425

979
442
1,421

2,995
20
209
0
3,167
259
78
123
105
448
12
409
7,825

7,605

2,940
1,593
3,072

8,748

May
Actuals

5,428

0

5,428

(606)

2,534
(2,532)
0
2

13,480

475

566

441

1,135
527
1,662

2,662
526
327
392
4,044
327
589
236
128
354
294
457
10,336

12,872

7,090
1,795
3,987

6,034

June
Actuals

6,457

0

6,457

1,029

1,912
(1,922)
41
31

8,814

426

104

471

965
391
1,356

361
130
301
0
4,004
219
165
236
428
264
0
349
6,457

9,812

3,749
1,858
4,205

5,428

July
Projected

6,019

0

6,019

(438)

1,531
(1,534)
41
38

9,291

467

284

546

1,230
494
1,724

711
300
125
0
2,943
346
123
344
512
511
3
352
6,270

8,815

4,052
1,882
2,881

6,457

August
Projected

7,342

0

7,342

1,323

2,385
(2,383)
41
43

11,937

491

910

406

918
524
1,442

3,318
73
107
178
2,442
253
735
327
450
267
101
437
8,688

13,217

7,082
2,393
3,742

6,019

September
Projected

CASHFLOW
ALL GOVERNMENTAL FUNDS
FY 2012
(dollars in millions)

7,616

0

7,616

274

2,436
(2,438)
41
39

8,820

450

106

459

951
543
1,494

851
470
301
21
3,176
253
151
138
492
296
2
160
6,311

9,055

3,824
1,948
3,283

7,342

October
Projected

6,278

0

6,278

(1,338)

1,523
(1,526)
41
38

9,677

453

188

491

1,021
500
1,521

1,266
57
244
74
3,593
299
103
169
391
547
2
279
7,024

8,301

3,405
1,917
2,979

7,616

November
Projected

5,170

0

5,170

(1,108)

2,344
(2,325)
41
60

14,047

480

1,134

456

1,156
548
1,704

1,965
175
170
2,627
2,681
279
550
251
381
657
205
332
10,273

12,879

7,163
1,973
3,743

6,278

December
Projected

10,944

0

10,944

5,774

2,816
(2,820)
41
37

7,523

420

96

532

913
504
1,417

541
40
290
0
2,658
224
320
153
361
203
2
266
5,058

13,260

8,508
2,121
2,631

5,170

2012
January
Projected

10,031

0

10,031

(913)

1,275
(1,278)
49
46

10,010

407

470

352

1,267
618
1,885

1,075
323
166
0
3,459
188
216
152
293
335
2
687
6,896

9,051

3,875
1,964
3,212

10,944

February
Projected

4,260

0

4,260

(5,771)

3,740
(3,753)
148
135

19,830

446

1,547

1,802

781
520
1,301

7,098
455
430
1
2,908
416
635
566
916
223
143
943
14,734

13,924

6,102
2,362
5,460

10,031

March
Projected

0

0

0

0

(624)
624
0
0

0

0

0

0

0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0

0

0
0
0

Intra-Fund
Transfer
Eliminations

4,260

0

4,260

449

26,805
(26,830)
484
459

131,698

5,182

5,855

6,833

12,363
6,061
18,424

23,412
2,602
2,908
3,293
38,830
3,151
3,755
2,714
4,849
4,269
767
4,854
95,404

131,688

64,976
23,407
43,305

3,811

Total

T-11
3,542
(3,081)
0
461
4,598
8,506

OTHER FINANCING SOURCES (uses):
Transfers from other funds
Transfers to other funds
Bond and note proceeds
NET OTHER FINANCING SOURCES/(USES)

Excess/(Deficiency) of Receipts over Disbursements

CLOSING BALANCE

254

Capital Projects
4,643

157

TOTAL DISBURSEMENTS

449

Debt service

233
32
24
0
1,356
37
70
9
327
161
1
147
2,397

DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Health
Mental Hygiene
Children and Families
Temporary & Disability Assistance
Transportation
Unrestricted Aid
All Other
Total Local Assistance Grants

General State Charges

8,780

TOTAL RECEIPTS

994
392
1,386

7,186
1,589
5

RECEIPTS:
Taxes
Miscellaneous Receipts
Federal Grants

Personal Service
Non-Personal Service
Total State Operations

3,908

OPENING BALANCE

2011
April
Actuals

5,945

(2,561)

1,391
(1,052)
0
339

7,411

276

293

400

922
392
1,314

2,579
19
21
0
1,365
136
67
115
63
445
12
306
5,128

4,511

2,940
1,558
13

8,506

May
Actuals

5,557

(388)

2,534
(2,227)
0
307

9,571

379

566

401

1,088
465
1,553

2,213
525
223
392
1,270
235
571
230
66
353
294
300
6,672

8,876

7,090
1,786
0

5,945

June
Actuals

6,104

547

1,949
(1,729)
41
261

5,310

342

104

462

917
340
1,257

120
129
255
0
1,626
138
151
73
170
261
0
222
3,145

5,596

3,749
1,847
0

5,557

July
Projected

6,189

85

1,568
(1,174)
41
435

6,275

377

284

527

1,155
425
1,580

532
300
71
0
1,300
245
111
86
144
508
3
207
3,507

5,925

4,052
1,871
2

6,104

August
Projected

7,146

957

2,422
(2,033)
41
430

8,990

401

910

356

862
409
1,271

3,139
73
54
178
725
158
722
240
123
264
101
275
6,052

9,517

7,082
2,381
54

6,189

September
Projected

CASHFLOW
STATE FUNDS
FY 2012
(dollars in millions)

7,441

295

2,473
(2,055)
41
459

5,922

360

106

451

902
437
1,339

662
470
238
21
1,459
153
143
76
75
293
2
74
3,666

5,758

3,824
1,934
0

7,146

October
Projected

6,525

(916)

1,560
(1,231)
41
370

6,597

363

188

478

971
433
1,404

1,077
57
161
74
1,650
202
98
104
76
544
2
119
4,164

5,311

3,405
1,906
0

7,441

November
Projected

5,029

(1,496)

2,381
(2,030)
41
392

11,025

395

1,134

405

1,104
501
1,605

1,682
175
22
2,627
964
173
528
186
96
654
205
174
7,486

9,137

7,163
1,959
15

6,525

December
Projected

11,226

6,197

2,853
(2,529)
41
365

4,786

340

96

522

865
416
1,281

332
40
237
0
1,034
127
306
83
76
200
2
110
2,547

10,618

8,508
2,110
0

5,029

2012
January
Projected

10,851

(375)

1,312
(957)
49
404

6,609

342

470

340

1,198
466
1,664

583
323
98
0
1,516
93
208
74
19
332
2
545
3,793

5,830

3,875
1,953
2

11,226

February
Projected

4,374

(6,477)

3,775
(3,272)
148
651

15,665

397

1,547

1,739

699
375
1,074

6,534
451
339
1
1,016
314
625
440
177
222
143
646
10,908

8,537

6,102
2,381
54

10,851

March
Projected

0

0

(624)
624
0
0

0

0

0

0

0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0

0

0
0
0

Intra-Fund
Transfer
Eliminations

4,374

466

27,136
(22,746)
484
4,874

92,804

4,226

5,855

6,530

11,677
5,051
16,728

19,686
2,594
1,743
3,293
15,281
2,011
3,600
1,716
1,412
4,237
767
3,125
59,465

88,396

64,976
23,275
145

3,908

Total