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Program 22-958: Interim Emergency Fund

Program Authorization: Article 7, Section 7 of the 1974 State Constitution

PROGRAM DESCRIPTION

This Fund provides for costs incurred as the result of unanticipated state emergencies that occur between legislative sessions. The 1974 State Constitution provides that up to one-tenth (1/10th) of one percent (1%) of total prior-year state revenue may be set aside to pay for these unanticipated costs.

RESOURCE ALLOCATION FOR THE PROGRAM

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long-term debt for Fiscal Year 1999-2000.

 

SOURCE OF FUNDING

The funding for this program is state General Fund.

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

DESCRIPTION

 

 

 

 

 

$12,330,000

$12,330,000

0

 

INITIAL FISCAL YEAR 1998-1999

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$12,330,000

$12,330,000

0

 

EXISTING OPERATING BUDGET November 20, 1998

 

 

 

 

 

($367,000)

($367,000)

0

 

Other Adjustments Revision to reflect projected constitutional funding level for Fiscal Year 2000.

 

 

 

 

 

$11,963,000

$11,963,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

($367,000)

($367,000)

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 97.0% of the existing operating budget. It represents 100.0% of the total request ($11,963,000) for this program. The recommended level reflects the anticipated constitutionally required funding level for Fiscal Year 2000.

 

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1999-2000.

OTHER CHARGES

$11,963,000

 

Interim Emergency Fund - constitutional requirement

 

 

 

$11,963,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1999-2000.


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