| FISCAL YEAR 2016 |
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| FINANCIAL STATEMENT |
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| Budgeted Funds (in millions) |
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| FISCAL YEAR 2016 BEGINNING BALANCES |
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| Undesignated Fund Balance |
52.6 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
52.6 |
| Stabilization Fund Balance |
1,128.1 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
1,128.1 |
| Designated for Continuing Appropriations
into FY2016 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Designated for Debt Service |
14.4 |
0.0 |
0.0 |
14.4 |
0.0 |
0.0 |
0.0 |
| SUBTOTAL, FISCAL YEAR 2016 BEGINNING
BALANCES |
1,195.1 |
0.0 |
0.0 |
14.4 |
0.0 |
0.0 |
1,180.7 |
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| CURRENT YEAR REVENUES AND OTHER SOURCES |
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| Consensus Tax Estimate |
25,479.1 |
24,120.4 |
22.4 |
1,301.4 |
33.9 |
0.0 |
1.0 |
| Non-Filer Amnesty |
100.0 |
100.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| FAS 109 Delay |
46.0 |
46.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Life Sciences Tax Incentive Cap |
5.0 |
5.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Sales Tax Dedicated to the MBTA |
(985.2) |
(985.2) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Annual State Contribution to the State
Pension System |
(1,972.0) |
(1,972.0) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Sales Tax Dedicated to the SBA |
(803.9) |
(803.9) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Workforce Training
Trust Fund Transfer |
(22.4) |
0.0 |
(22.4) |
0.0 |
0.0 |
0.0 |
0.0 |
| SubTotal: Net Tax Revenue Available for
Budget |
21,846.6 |
20,510.3 |
0.0 |
1,301.4 |
33.9 |
0.0 |
1.0 |
| Tax & Non-Tax Settlements |
100.0 |
100.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Federal Reimbursements |
10,235.5 |
10,194.7 |
0.0 |
0.0 |
0.0 |
0.0 |
40.8 |
| Departmental Revenue |
3,849.7 |
3,172.2 |
0.0 |
663.2 |
0.0 |
0.0 |
14.3 |
| Consolidated Transfers |
2,015.5 |
1,836.9 |
0.0 |
96.0 |
0.0 |
82.4 |
0.2 |
| SUBTOTAL, FISCAL YEAR 2016 REVENUES |
38,047.3 |
35,814.1 |
0.0 |
2,060.6 |
33.9 |
82.4 |
56.3 |
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| TOTAL, FISCAL YEAR 2016 AVAILABLE
RESOURCES |
39,242.4 |
35,814.1 |
0.0 |
2,075.0 |
33.9 |
82.4 |
1,237.0 |
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| EXPENDITURES AND USES |
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| Appropriated Spending |
38,387.4 |
36,200.0 |
0.0 |
2,022.0 |
10.7 |
82.8 |
71.9 |
| Gross ERIP Savings |
(325.1) |
(325.1) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| TOTAL, FISCAL YEAR 2016 EXPENDITURES |
38,062.3 |
35,874.9 |
0.0 |
2,022.0 |
10.7 |
82.8 |
71.9 |
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| END OF FISCAL YEAR RESERVED BALANCES |
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| Designated for Continuing
Appropriations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Designated for Debt Service |
14.4 |
0.0 |
0.0 |
14.4 |
0.0 |
0.0 |
0.0 |
| FISCAL YEAR 2016 UNDESIGNATED FUND
BALANCE |
1,165.7 |
(60.8) |
0.0 |
38.6 |
23.2 |
(0.4) |
1,165.1 |
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| Fund Balance Deficit Elimination
Transfers |
0.0 |
60.8 |
0.0 |
(38.2) |
(23.0) |
0.4 |
0.0 |
| UNDESIGNATED FUND BALANCE |
1,165.7 |
0.0 |
0.0 |
0.4 |
0.2 |
0.0 |
1,165.1 |
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| Balances Reserved in Other Budgeted
Funds |
1,165.1 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
1,165.1 |
| CONSOLIDATED NET SURPLUS |
0.6 |
0.0 |
0.0 |
0.4 |
0.2 |
0.0 |
0.0 |
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| FISCAL YEAR 2016 ENDING BALANCES |
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| Undesignated Fund Balance |
30.3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
30.3 |
| Stabilization Fund Balance |
1,134.8 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
1,134.8 |
| Designated for Continuing Appropriations
into FY2017 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Designated for Debt Service |
14.4 |
0.0 |
0.0 |
14.4 |
0.0 |
0.0 |
0.0 |
| TOTALS, FISCAL YEAR 2016 ENDING BALANCES |
1,179.5 |
0.0 |
0.0 |
14.4 |
0.0 |
0.0 |
1,165.1 |
