New York State: Financial Plan For Fiscal Year 2012 First Quarterly Update

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
States 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 States 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 States 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 States 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.
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.
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.
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.
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.

GENERAL FUND PROJECTIONS
MULTI-YEAR GENERAL FUND PROJECTIONS
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
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
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
765
2,239
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)
(51)
100
(906)
(60)
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.

STATE OPERATING FUNDS PROJECTIONS
STATE OPERATING FUNDS PROJECTIONS
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
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:
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
State Operations
Personal Service
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
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.
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
Actual
Results
Plan
Opening Balance
Receipts
1,376
n/a
14,896
15,705
809
9,943
10,432
489
2,915
2,925
10
1,131
1,363
232
362
371
545
614
69
Personal Income Tax

User Taxes and Fees
Business Taxes
1,376
Favorable/
(Unfavorable)
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
483
414
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.
69

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 SUNYs quarterly community
college payments, intended to be paid in late June but made in July.
Personal Service: Higher spending is primarily due to SUNYs 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.

GENERAL FUND OPERATING RESULTS YEAR OVER YEAR
APRIL THROUGH JUNE
FY 2011
Actual
Opening Balance
Receipts
2,302
1,376
Increase/(Decrease)
$
%
(926)
12,659
15,705
3,046
24.1%
8,035
10,432
2,397
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
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%
402
414
12
3.0%
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

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 States 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.

STATE OPERATING FUNDS
STATE OPERATING FUNDS RESULTS APRIL - JUNE 2011
FY 2012
Projections
Opening Balance
FY 2012
Results
Favorable/
(Unfavorable)
3,970
3,970
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)
1,158
1,250
(92)
(17)
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
Closing Balance
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

APRIL - JUNE STATE OPERATING FUNDS RESULTS YEAR OVER YEAR
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
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

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

ALL GOVERNMENTAL FUNDS
All GOVERNMENTAL FUNDS RESULTS THROUGH JUNE 2011
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
70
Miscellaneous Receipts
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
FY 2011
Actual
Opening Balance (April 1)
Increase/(Decrease)
$
%
Results
4,859
3,811
(1,048)
Receipts
Taxes
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
(21)
(10)
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
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
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
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
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
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
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
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
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
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)
CLOSING BALANCE
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
Transportation
Unrestricted Aid
All Other
8,349
TOTAL RECEIPTS
994
392
1,386
7,098
1,246
5
RECEIPTS:
Taxes
Federal Grants
Personal Service
3,970
2011
April
Projected
OPENING BALANCE
T-2
6,241
(2,412)
1,312
(962)
0
350
6,867
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
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
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
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
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
7,908
243
2,348
(1,954)
0
394
5,507
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
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
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
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
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
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
(624)
624
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
5,855
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
Federal Grants
TOTAL RECEIPTS
DISBURSEMENTS:
(46)

(214)
(7)
(89)
0
(96)
CLOSING BALANCE
642
508
TOTAL DISBURSEMENTS

(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)
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
(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)
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)

(147)
(7)
(90)
0
(97)

CLOSING BALANCE
419
TOTAL DISBURSEMENTS
165
165
DISBURSEMENTS:
2
18
134
3
6
18
54
19
254
88
343
0
431
RECEIPTS:
Taxes
Federal Grants
TOTAL RECEIPTS
Transportation
Mental Hygiene
Public Protection
Education
All Other
(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
(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
0
1
0
1
89
TOTAL DISBURSEMENTS

0
0
57
0
0
2
0
4
63
Transportation
Mental Hygiene
Public Protection
Education
All Other
26
26
0
0
127
127
RECEIPTS:
Taxes
Federal Grants
TOTAL RECEIPTS
DISBURSEMENTS:
(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
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
(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
820
(561)
4,495

TOTAL DISBURSEMENTS
48
Capital Projects
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
Transportation
Unrestricted Aid
All Other
445
250
695
5,483
Personal Service
2,927
3,978
Federal Grants
TOTAL RECEIPTS
3,363
(34)
187
557
(370)
4,634
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
2,150
OPENING BALANCE
2011
April
Actuals
2,866
(497)
251
688
(437)
6,593
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
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
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
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
2,798
351
398
812
(414)
4,932
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
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
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
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
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
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
(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
Intra-Fund
Transfer
Eliminations
Total
2,236
86
2,532
7,323
(4,791)
66,981
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
153
3,241
947
3,088
CLOSING BALANCE
531
726
557
(26)
820
(94)
1,829
1,272
78
397
266
663
0
0
0
0
461
118
65
1
0
421
0
21
1,087

TOTAL DISBURSEMENTS
45
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
DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Health
Mental Hygiene
Transportation
Unrestricted Aid
All Other
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
2,141
OPENING BALANCE
2011
April
Actuals
2,995
(246)
556
688
(132)
2,880
282
490
369
859
319
0
0
392
287
194
184
0
1
353
0
9
1,739
2,078
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
42
363
194
557
0
0
1
0
292
66
147
1
1
261
0
12
781
1,557
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
225
532
252
784
0
0
1
0
489
108
107
0
1
484
0
108
1,298
1,750
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
182
515
284
799
1,949
0
1
178
393
79
178
1
1
264
0
69
3,113
2,125
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
208
567
313
880
102
0
1
21
386
124
137
0
0
293
0
58
1,122
1,779
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
2,610
68
624
645
(21)
2,253
51
549
270
819
102
0
1
74
436
127
97
0
1
520
0
25
1,383
1,697
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
217
609
366
975
102
0
1
2,627
310
87
148
0
1
639
0
32
3,947
4,474
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
196
533
284
817
102
0
1
0
245
105
169
0
1
200
0
30
853
1,976
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
50
690
281
971
103
0
1
0
589
70
90
0
1
322
0
25
1,201
1,761
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
286
480
122
602
105
16
2
1
763
169
346
(3)
1
219
0
87
1,706
1,391
342
146
325
77
37
0
(108)
819
0
141
320
110
571
3,320
March
Projected
(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
Intra-Fund
Transfer
Eliminations
2,226
85
6,603
7,322
(719)
30,050
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
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
Transportation
Unrestricted Aid
All Other
(344)
(187)
122
(467)
300
309
CLOSING BALANCE
2,805
0
(344)
3,223
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)

TOTAL DISBURSEMENTS
3
0
Capital Projects
53
58
111
3,990
TOTAL RECEIPTS
Personal Service
12
3,978
2011
April
Actuals
RECEIPTS:
Federal Grants
OPENING BALANCE
T-8
(129)
(251)
(305)
0
(305)
3,713
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
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
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
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
256
(381)
0
(381)
2,722
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
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
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
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
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
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
(4,071)
1
(4,072)
36,931
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
Total
T-9
CLOSING BALANCE

1,055
602
1,009
(1,957)
(948)
1
157
158
DISBURSEMENTS:
State Operations
Debt Service
TOTAL DISBURSEMENTS

1,638
67
3
1,708
453
RECEIPTS:
Taxes
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
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
4,937
Net Proposed Reductions
3,542
(3,547)
0
(5)
317
Capital Projects

157
Debt service
7,955
452
TOTAL DISBURSEMENTS
1,047
450
1,497
569
33
238
0
3,755
88
90
19
392
164
1
183
5,532
Personal Service
DISBURSEMENTS:
School Aid
Higher Education
All Other Education
STAR
Medicaid - DOH
Public Health
Mental Hygiene
Transportation
Unrestricted Aid
All Other
12,897
7,186
1,601
4,110
RECEIPTS:
Taxes
Federal Grants
TOTAL RECEIPTS
3,811
OPENING BALANCE
2011
April
Actuals
6,034
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
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
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
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
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
7,616
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
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
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
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
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
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
(624)
624
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
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

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
Transportation
Unrestricted Aid
All Other
8,780
TOTAL RECEIPTS
994
392
1,386
7,186
1,589
5
RECEIPTS:
Taxes
Federal Grants
Personal Service
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
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
(624)
624
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

New York State: Financial Plan For Fiscal Year 2012 First Quarterly Update

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New York State: Financial Plan For Fiscal Year 2012 First Quarterly Update

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NEW YORK STATE

FINANCIAL PLAN FOR FISCAL YEAR 2012

Andrew M. Cuomo, Governor

FINANCIAL PLAN OVERVIEW

Contingency Reserve Fund

Community Projects Fund

MULTI-YEAR FINANCIAL PLAN PROJECTIONS

MULTI-YEAR FINANCIAL PLAN PROJECTIONS

Indigent Legal Services

SUNY- Hospital Medicaid

MULTI-YEAR FINANCIAL PLAN PROJECTIONS

Reconciliation to General Fund Gap:

YEAR-TO-DATE OPERATING RESULTS

Personal Income Tax

All Other Local

General State Charges

Transfers To Other Funds

Includes transfers from other funds after debt service.

YEAR-TO-DATE OPERATING RESULTS

Personal Service: Higher spending is primarily due to SUNYs timing of processing

Non-Personal Service: Lower spending is largely driven by SUNY ($39 million),

YEAR-TO-DATE OPERATING RESULTS

Personal Income Tax

All Other Local

General State Charges

Transfers To Other Funds

Includes transfers from other funds after debt service.

YEAR-TO-DATE OPERATING RESULTS

All Other Local

General State Charges

YEAR-TO-DATE OPERATING RESULTS

Other Financing Sources

YEAR-TO-DATE OPERATING RESULTS

State Operating Funds

Capital Projects Funds

Federal Operating Funds

Other Financing Sources

Other Financing Sources

FINANCIAL PLAN TABLES

Excess/(Deficiency) of Receipts over Disbursements

General State Charges

PIT in Excess of Revenue Bond Debt Service

Licenses, Fees, etc.

OTHER FINANCING SOURCES (uses):

Excess/(Deficiency) of Receipts over Disbursements

General State Charges

Excess/(Deficiency) of Receipts over Disbursements

OTHER FINANCING SOURCES (uses):

Excess/(Deficiency) of Receipts over Disbursements

OTHER FINANCING SOURCES (uses):

Excess/(Deficiency) of Receipts over Disbursements

OTHER FINANCING SOURCES (uses):

NET OTHER FINANCING SOURCES/(USES)

Excess/(Deficiency) of Receipts over Disbursements

OTHER FINANCING SOURCES (uses):

General State Charges

Excess/(Deficiency) of Receipts over Disbursements

NET OTHER FINANCING SOURCES/(USES)

OTHER FINANCING SOURCES (uses):

General State Charges

NET OTHER FINANCING SOURCES/(USES)

Excess/(Deficiency) of Receipts over Disbursements