| FISCAL YEAR 2017 |
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| FINANCIAL STATEMENT |
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| Budgeted Funds (in millions) |
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| FISCAL YEAR 2017 BEGINNING BALANCES |
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| Undesignated Fund Balance |
78.3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
78.3 |
| Stabilization Fund Balance |
1,257.9 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
1,257.9 |
| Designated for Continuing Appropriations
into FY2017 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Designated for Debt Service |
13.9 |
0.0 |
0.0 |
13.9 |
0.0 |
0.0 |
0.0 |
| SUBTOTAL, FISCAL YEAR 2017 BEGINNING
BALANCES |
1,350.1 |
0.0 |
0.0 |
13.9 |
0.0 |
0.0 |
1,336.2 |
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| CURRENT YEAR REVENUES AND OTHER SOURCES |
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| Consensus Tax Estimate |
26,860.0 |
25,452.0 |
21.4 |
1,385.5 |
0.0 |
0.0 |
1.0 |
| Capital Gains to Stabilization Fund |
0.0 |
(206.0) |
0.0 |
0.0 |
0.0 |
0.0 |
206.0 |
| Retention of Tourism Fund Revenue |
44.0 |
(14.5) |
0.0 |
0.0 |
58.5 |
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 |
(1,001.1) |
(1,001.1) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Annual State Contribution to the State
Pension System |
(2,198.1) |
(2,198.1) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Sales Tax Dedicated to the SBA |
(867.1) |
(867.1) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Workforce Training
Trust Fund Transfer |
(21.4) |
0.0 |
(21.4) |
0.0 |
0.0 |
0.0 |
0.0 |
| SubTotal: Net Tax Revenue Available for
Budget |
22,821.3 |
21,170.2 |
0.0 |
1,385.5 |
58.5 |
0.0 |
207.0 |
| Tax & Non-Tax Settlements |
115.0 |
115.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Federal Reimbursements |
10,784.3 |
10,778.7 |
0.0 |
0.0 |
0.0 |
0.0 |
5.6 |
| Departmental Revenue |
3,826.6 |
3,135.8 |
0.0 |
676.7 |
0.0 |
0.0 |
14.0 |
| Consolidated Transfers |
2,203.9 |
2,099.8 |
0.0 |
40.0 |
0.0 |
64.0 |
0.2 |
| SUBTOTAL, FISCAL YEAR 2017 REVENUES |
39,751.1 |
37,299.5 |
0.0 |
2,102.2 |
58.5 |
64.0 |
226.8 |
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| TOTAL, FISCAL YEAR 2017 AVAILABLE
RESOURCES |
41,101.2 |
37,299.5 |
0.0 |
2,116.1 |
58.5 |
64.0 |
1,563.0 |
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| EXPENDITURES AND USES |
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| Appropriated Spending |
39,553.4 |
37,534.2 |
0.0 |
1,905.1 |
15.5 |
64.0 |
34.7 |
| Collective Bargaining Contingency
Reserve |
5.4 |
5.4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| TOTAL, FISCAL YEAR 2017 EXPENDITURES |
39,558.8 |
37,539.6 |
0.0 |
1,905.1 |
15.5 |
64.0 |
34.7 |
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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 |
13.9 |
0.0 |
0.0 |
13.9 |
0.0 |
0.0 |
0.0 |
| UNDESIGNATED FUND BALANCE |
1,528.5 |
(240.0) |
0.0 |
197.1 |
43.0 |
0.0 |
1,528.4 |
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| Fund Balance Deficit Elimination
Transfers |
0.0 |
240.0 |
0.0 |
(197.0) |
(43.0) |
0.0 |
0.0 |
| UNASSIGNED FUND BALANCE |
1,528.5 |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
1,528.4 |
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| Balances Reserved in Other Budgeted
Funds |
(1,528.4) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
1,528.4 |
| CONSOLIDATED NET SURPLUS |
0.2 |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
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| FISCAL YEAR 2017 ENDING BALANCES |
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| Undesignated Fund Balance |
58.9 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
58.9 |
| Stabilization Fund Balance |
1,469.6 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
1,469.6 |
| Designated for Continuing Appropriations
into FY2018 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Designated for Debt Service |
13.9 |
0.0 |
0.0 |
13.9 |
0.0 |
0.0 |
0.0 |
| TOTALS, FISCAL YEAR 2017 ENDING BALANCES |
1,542.3 |
0.0 |
0.0 |
13.9 |
0.0 |
0.0 |
1,528.4 |
