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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