General Revenue and Federal Budget Stabilization Projected Revenues by hmn57734

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									                                       General Revenue and Federal Budget Stabilization
                                  Projected Revenues and Expenditures - Adjusted to CRE 1/4/10
                        (6.44% decline in revenues in FY10, 3.62% growth in FY11 and 4% in remaining years)

                                                   FY 2009             FY 2010            FY 2011            FY 2012             FY 2013
                                                (6.9% Decline)     (6.44% Decline)    (3.62% Growth)       (4% Growth)         (4% Growth)
Resources
Beginning Balance                                         545.1              205.0               349.1               237.6            (622.0)
Previous Year's Lapse                                     290.7              231.5               150.0               150.0             150.0
Net Revenue Collections                                 7,450.8            6,971.0             7,223.4             7,512.3           7,812.8
Federal Budget Stabilization*                             432.1            1,376.7               845.5                 0.0               0.0
Transfers to Fund                                         175.1              189.3               155.0               155.0             155.0
Total Resources Available                               8,893.8            8,973.5             8,723.0             8,054.9           7,495.8

Obligations
Operating Appropriations***                             8,639.4            7,802.2             7,427.2             8,385.9           8,579.4
New Decision Items                                          0.0                0.0               320.0               336.0             352.8
Capital Improvements                                      149.1               36.7                72.0                75.0              75.0
FBS On-Going                                                8.5              766.2               766.2                 0.0               0.0
FBS One-Time                                                0.0              399.3                 0.0                 0.0               0.0
Supplementals                                              28.5              100.0                50.0                50.0              50.0
Increased Estimateds                                       50.0               20.0                20.0                20.0              20.0
Expenditure Restrictions**                               (186.7)            (500.0)             (170.0)             (190.0)           (194.0)
Total Obligations                                       8,688.8            8,624.4             8,485.4             8,676.9           8,883.2

Ending Balance                                            205.0              349.1               237.6              (622.0)          (1,387.4)



* Assumes enhanced FMAP is extended for another 2 quarters (through June 2011) at $160 million per quarter.
** Assumes additional expenditure restrictions in January 2010, and expenditure restrictions in FY 2011-2013 at same rate as FY09.
*** Assumes 75% of the previous year expenditure restrictions are permanent core cuts in FY 2011-2013 operating budgets.

								
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