| All Funds | General Fund | Workforce Training |
Commonwealth
Transportation Fund |
Mass Tourism |
Gaming
Local Aid Fund |
Stabilization
and Other Funds |
|
|---|---|---|---|---|---|---|---|
| FISCAL YEAR 2017 | |||||||
| FINANCIAL STATEMENT | |||||||
| Budgeted Funds (in millions) | |||||||
| FISCAL YEAR 2017 BEGINNING BALANCES | |||||||
| Undesignated Fund Balance | 64.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 64.4 |
| Stabilization Fund Balance | 1,291.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,291.5 |
| Designated for Continuing Appropriations into FY2017 | 109.4 | 103.9 | 0.0 | 0.0 | 0.0 | 0.0 | 5.5 |
| Designated for Debt Service | 16.7 | 0.0 | 0.0 | 16.7 | 0.0 | 0.0 | 0.0 |
| Subtotal, Fiscal Year 2017 Beginning Balances | 1,482.0 | 103.9 | 0.0 | 16.7 | 0.0 | 0.0 | 1,361.4 |
| CURRENT YEAR REVENUES AND OTHER SOURCES | |||||||
| Gross Tax Revenues | 26,181.0 | 24,825.1 | 23.1 | 1,331.8 | 0.0 | 0.0 | 1.0 |
| Sales Tax Dedicated to the MBTA | (992.2) | (992.2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Annual State Contribution to 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 | (813.2) | (813.2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Workforce Training Fund | (23.1) | 0.0 | (23.1) | 0.0 | 0.0 | 0.0 | 0.0 |
| Subtotal: Net Tax Revenue Available for Budget | 22,154.4 | 20,821.6 | 0.0 | 1,331.8 | 0.0 | 0.0 | 1.0 |
| Federal Reimbursements | 10,967.5 | 10,945.7 | 0.0 | 0.0 | 0.0 | 0.0 | 21.8 |
| Departmental Revenue | 4,192.4 | 3,483.4 | 0.0 | 688.3 | 0.0 | 0.0 | 20.7 |
| Consolidated Transfers | 2,243.6 | 2,139.0 | 0.0 | 40.0 | 0.0 | 64.4 | 0.2 |
| Subtotal, Fiscal Year 2017 Revenues | 39,557.8 | 37,389.7 | 0.0 | 2,060.1 | 0.0 | 64.4 | 43.7 |
| Total, Fiscal Year 2017 Available Resources | 41,039.8 | 37,493.6 | 0.0 | 2,076.8 | 0.0 | 64.4 | 1,405.1 |
| EXPENDITURES AND USES | |||||||
| Estimated Spending | 39,693.2 | 37,470.1 | 0.0 | 2,094.5 | 0.4 | 64.4 | 63.8 |
| Total, Fiscal Year 2017 Expenditures | 39,693.2 | 37,470.1 | 0.0 | 2,094.5 | 0.4 | 64.4 | 63.8 |
| END OF FISCAL YEAR RESERVED BALANCES | |||||||
| Designated for Continuing Appropriations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Designated for Debt Service | 16.7 | 0.0 | 0.0 | 16.7 | 0.0 | 0.0 | 0.0 |
| Fiscal Year 2017 UNDESIGNATED FUND BALANCE | 1,329.9 | 23.5 | 0.0 | (34.4) | (0.4) | 0.0 | 1,341.3 |
| Fund Balance Deficit Elimination Transfers | 0.0 | (34.8) | 0.0 | 34.4 | 0.4 | 0.0 | 0.0 |
| UNDESIGNATED FUND BALANCE | 1,329.9 | (11.3) | 0.0 | 0.0 | 0.0 | 0.0 | 1,341.3 |
| Balances Reserved in Other Budgeted Funds | 1,341.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,341.3 |
| Anticipated Spending and Revenue Management | 11.3 | 11.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| CONSOLIDATED NET SURPLUS | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| FISCAL YEAR 2017 ENDING BALANCES | |||||||
| Undesignated Fund Balance | 38.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 38.3 |
| Stabilization Fund Balance | 1,302.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,302.9 |
| Designated for Continuing Appropriations into FY2018 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Designated for Debt Service | 16.7 | 0.0 | 0.0 | 16.7 | 0.0 | 0.0 | 0.0 |
| Totals, Fiscal Year 2017 Ending Balances | 1,358.0 | 0.0 | 0.0 | 16.7 | 0.0 | 0.0 | 1,341.3 |
| * Refer to the Commonwealth Information Statement Dated November 1, 2016 for more information. | |||||||
| **Totals may not add due to rounding |