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 1998-1999.

SOURCE OF FUNDING

The funding for this program is state general fund.

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

 

DESCRIPTION

 

 

 

 

 

$11,584,000

$11,584,000

0

 

INITIAL - FISCAL YEAR 1997-1998

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$158,684

$158,684

0

 

Revision to original projection to reflect State Treasury's official funding level calculation for the Interim Emergency Fund based on one-tenth of one percent of prior year actual revenue collections

 

 

 

 

 

$11,742,684

$11,742,684

0

 

EXISTING OPERATING BUDGET - December 10, 1997

 

 

 

 

 

$587,316

$587,316

0

 

Adjustment to reflect projected constitutionally required funding level

 

 

 

 

 

$12,330,000

$12,330,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$587,316

$587,316

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 105.0% of the existing operating budget. It represents 100.0% of the total request ($12,330,000) for this program. The recommended increase over existing operating budget reflects the historical trend of this program's average growth over the past five years.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1998-1999.

OTHER CHARGES

$12,330,000

 

Interim Emergency Fund - constitutional requirement

 

 

 

$12,330,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1998-1999.

22 NON-APPROPRIATED REQUIREMENTS OF STATE GOVERNMENT


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