State of Idaho General Fund Revenue

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State of IdahoGeneral Fund Revenue
BudgetUpdate

• July 30, 2008

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June Revenues ( millions)
May 2008 Indiv. Income Corp. Sales Tax Prod. Misc. Total
Actual (prelim) 90.4 31.0 95.1 2.2 58.9 277.5
Fore- cast 85.7 21.4 99.2 2.2 61.9 270.4
Differ- ence 4.7 9.6 (4.1) 0.0 (3.0) 7.1)
Product Taxes cigarette, tobacco, beer, wine,
and liquor. Miscellaneous insurance premium,
interest, unclaimed prop, dept transfers, etc.
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Cumulative through June ( millions)
Cum. FY 2008 Indiv. Income Corp. Income Sales Tax Prod. Misc. Total
Actual (prelim) 1,430.2 189.7 1,142.5 26.8 120.7 2,909.8
Fore- cast 1,378.9 169.4 1,166.0 26.8 120.9 2,862.0
Differ- ence 51.3 20.3 (23.5) 0.0 (0.2) 47.8
Annual Forecast (1.5) (10.9) 8.2 19.6 (1.1) 1.8
If remaining Month (June) on forecast 2.1 (0.3) 6.0 19.8 (1.3) 3.5
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Fiscal Year 2008 Budget ( millions)
Sine Die June
Beginning Balance 268.8 268.8
Revenue Estimate 1.8 2,862.0
Actual Revenues 3.5 2,909.8
Net Transfers (126.1) (126.3)
Appropriations 2,828.0 2,812.8
Estimated Ending Balance 177.0 239.5
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Fiscal Year 2009 ( millions)
Sine Die June
Beginning Balance 177.0 239.5
Revenue Estimate 2.8 2,941.8 2,941.8
Revenue Bills (68.1) (68.1)
Transfers Out (38.4) (38.4)
Appropriations 2,959.3 2,974.9
Estimated Ending Balance 52.9 99.9
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Summary

• June General Fund revenues are 7.1 million above
  the forecast.
• Cumulative General Fund revenues through June are
  47.8 million above the forecast.
• Taking the cumulative collections into account
  results in an FY 2008 ending balance of 239.5
  million.
• Rolling that balance into FY 2009, with no
  compounding, leaves an estimated ending balance
  of 99.9 million or 3.4 of the 2,959.3 million
  budget.

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Fiscal Year 2008
REVENUES Beginning balance Revised Revenue
1.8/Actual 3.5 H557 Crop Residue Burning TOTAL
REVENUE BEGINNING BALANCE TRANSFERS Opportunit
y Scholarship Fund Economic Recovery Reserve
Fund Budget Stabilization Fund Disaster Emergency
Fund (EO 2008-02) Deficiency Warrants Revolving
Development for Water Project All Other Transfers
(cancel prior yr. encumbrances) TOTAL
TRANSFERS APPROPRIATIONS Original Reappropriatio
ns Supplementals Rescissions Reversions TOTAL
APPROPRIATIONS Total Estimated Ending Balance
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Fiscal Year 2009 Summary
REVENUES Beginning balance FY 2009 Revenue
Est. 2.8/1.1 over Actual H588 Increase Grocery
Tax Credit H615 Conform Economic Stimulus
Package H673 Bond Levy Equalization Impacts of
All Other Legislation TOTAL REVENUES TRANSFERS
OUT Water Board for Aquifer Mgmt
Studies Opportunity Scholarship Fund Permanent
Building Fund Water Storage Studies
(HJM8) Community Health Center Grant Fund TOTAL
TRANSFERS OUT APPROPRIATIONS Ongoing One-Time Ca
rryover One-Time TOTAL APPROPRIATIONS Total
Estimated Ending Balance
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Fiscal Year 2009 Line Items (One-Time Ongoing)
REVENUES TOTAL REVENUES less TRANSFERS TOTAL
MAINTENANCE LINE ITEMS Education Health and
Human Services Public Safety Natural
Resources Economic Development General
Government Revenue Transfers Cash
Adjustments TOTAL LINE ITEMS Carryover
Appropriation FY08 to FY09 FY 2009
TOTAL Estimated Ending Balance Source One-Time
Revenue Source Ongoing Revenue Total Ending Cash
Balance