MEMORANDUM

TO: JBC Members

FROM: John Ziegler

SUBJECT: June Revenue Forecast

DATE: September 21, 2009

Legislative Council Staff (LCS) and the Office of State Planning and Budgeting (OSPB) released
their September revenue forecasts. Attached are several tables that provide a comparison of the
September revenue forecasts.

Table 1: Provides the General Fund Overview based on the LCS revenue forecast.

Table 2: Provides the General Fund Overview based on the OSPB revenue forecast.

Table 3: Provides a summary of appropriation actions, by department, requested by OSPB

based on the Governor's August 25, 2009 Budget Balancing Package.

Table 4: Provides a summary of the General Fund Revenue Actions as requested by the OSPB
relating to the Governor's August 25, 2009 Budget Balancing Package.

Table 5: Provides summary of the June 2009 and September 2009 1331 supplemental
requests.

Table 6: Provides a comparison of key lines in the LCS and OSPB revenue forecasts.

Table 7: Provides a comparison of the FY 2009-10 portion of the LCS March, June, and
September 2009 revenue forecasts.

Joint Budget Committee, 200 East 14th Ave., 3rd Floor, Denver, CO 80203
 Table 1
General Fund Overview Based On Legislative Council September 2009 Revenue Estimate
(millions of dollars)

FY 08-09 FY 09-10 FY 10-11 FY 11-12

1 Beginning GF Reserve $327.0 $437.5 ($105.5) ($570.4)
2 GF Nonexempt Revenues 6,737.8 6,544.6 6,458.7 6,543.3
3 GF Exempt Revenues 0.0 0.0 506.7 939.4
4 Transfers/Paybacks 354.3 280.8 2.6 1.5
5 Transfer to Older Americans Act (8.8) (10.9) (10.9) (10.9)
6 Cash Fund Transfers Approved by JBC 0.0 0.0 0.0 0.0
7 Gov Ritter's August 25 Budget Balancing Package as Requested by OSPB 0.0 47.5 7.0 0.0
8 Year-end Balancing Transfer (Gov's Executive Order D 013 09 pursuant to SB 09-279) 458.1 (458.1) 0.0 0.0
9 TABOR Surplus Liability 0.0 0.0 0.0 0.0
10 TOTAL GF AVAILABLE $7,868.4 $6,841.4 $6,858.6 $6,902.9
11
12 GF Obligations:
13 GF Appropriations $7,410.7 $7,456.5 $6,806.9 $7,153.7
14 1331 Supplementals Requested by OSPB and Elected Officials 0.0 0.0 0.0 0.0
15 1331 Supplementals Approved by JBC (23.2) (45.4) 45.4 0.0
16 Gov Ritter's August 25 Budget Balancing Package as Requested by OSPB 0.0 (604.2) 454.3 0.0
17 Adjustment for FMAP not addressed as yet by OSPB Plan 0.0 0.0 (152.9) 152.9
18 Adjustment for Higher Ed ARRA Funds not addressed as yet by OSPB Plan 0.0 0.0 0.0 150.7
19 Adjusted GF Appropriations Base 7,387.5 6,806.9 7,153.7 7,457.3
20 Amounts Deemed Exempt from the Restriction on State Appropriations (Section 24-75-201.1, C.R.S.) 0.2 0.0 0.0 0.0
21 Medicaid Overexpenditures 12.0 0.0 0.0 0.0
22 Estimated Federal Medical Assistance Percentage (FMAP) Changes (incls SB264 impact) (214.1) (13.5) (6.7) 0.0
23 Rebates and Expenditures - Based on Statutory Minimums 135.3 150.4 163.6 203.0
24 Reimbursement for Senior and Veterans Property Tax Exemption 85.5 1.1 96.6 103.0
25 Funds in Prior Year Excess Reserve to HUTF (Section 24-75-218, C.R.S.) 29.0 N/A N/A N/A
26 Funds in Prior Year Excess Reserve to Capital Construction (Section 24-75-218, C.R.S.) 14.5 N/A N/A N/A
27 Transfer to HUTF (Sec. 24-75-219, C.R.S.) N/A 0.0 0.0 0.0
28 Transfer to Capital Construction (Sec. 24-75-219, C.R.S.) N/A 0.0 0.0 0.0
29 Capital Construction Transfer (Based on Current Law) 24.9 2.0 21.8 20.2
30 Accounting Adjustments (43.9) 0.0 0.0 0.0
31 TOTAL GF OBLIGATIONS $7,430.9 $6,946.9 $7,429.0 $7,783.5
32
33 YEAR END GF RESERVE $437.5 ($105.5) ($570.4) ($880.6)
34 STATUTORY RESERVE (Section 24-75-201.1 (1) (d), C.R.S.) 147.8 136.1 286.1 298.3
35 MONEYS IN (DEFICT)/EXCESS OF THE STATUTORY GF RESERVE $289.8 ($241.6) ($856.5) ($1,178.9)

Prepared by JBC Staff 1 - LCS September 2009 Fcst 21-Sep-09

 Table 1 - Continued

FY 08-09 FY 09-10 FY 10-11 FY 11-12

36 Total Gross General Fund Revenues $6,737.8 $6,544.6 $6,965.4 $7,482.7
37 Percent Gross General Fund Revenue Growth -13.0% -2.9% 6.4% 7.4%
38
39 Transfer to the State Education Fund $339.9 $334.3 $361.1 $398.7
40
41 Required TABOR Reserve $273.3 $261.5 $279.7 $301.2
42
43 GF Approp Base (Adj GF approp base + K-12 Capital + Amt Deemed Exempt + Medicaid Over) $7,399.7 $6,806.9 $7,153.7 $7,457.3
44 Total Percent Growth (Including both items within restriction and exemptions) 3.9% -8.0% 5.1% 4.2%
45 GF Appropriations Base Available Growth $279.8 ($592.8) $346.8 $303.6
46
47 Personal Income (Sec 24-75-201.1 (1)(a)(VII)(A), CRS - PI as of two years prior to fiscal year) N/A $199,483.0 $208,847.0 $206,497.0
48 Percent Increase/(Decrease) Over Previous Year N/A N/A 4.7% -1.1%
49
50 Calculated Restriction on GF Appropriation Growth (Sec 24-75-201.1 (1)(a)(II) through (IV), CRS) $7,547.1 $9,974.2 $10,442.4 $10,324.9
51 Adjusted GF Appropriations Base 7,387.5 6,806.9 7,153.7 7,457.3
52 Over/(Under) Calculated Appropriations Restriction ($159.6) ($3,167.3) ($3,288.7) ($2,867.6)
53
54 Year-End GF Reserve Percentage 5.9% -1.5% -8.0% -11.8%
55
56 Rebates and Expenditures Include (from LCS Forecast)
57 Cigarette Rebate $12.1 $12.5 $12.4 $12.2
58 Old Age Pension 107.4 118.5 129.5 142.2
59 Aged Property Tax & Heating Credit 5.3 8.5 8.0 7.5
60 FPPA 4.0 4.1 4.5 29.9
61 Amendment 35 GFE Expenditures 1.0 0.9 0.9 0.9
62 Treasurer's Loans to School Districts (Off Budget -- Not in Long Bill) 5.5 5.9 8.3 10.3
63 Total Rebates and Expenditures $135.3 $150.4 $163.6 $203.0

Prepared by JBC Staff 2 - LCS September 2009 Fcst 21-Sep-09

 Table 2
General Fund Overview Based On OSPB September 2009 Revenue Estimate
(millions of dollars)

FY 08-09 FY 09-10 FY 10-11 FY 11-12

1 Beginning GF Reserve $327.0 $436.8 $137.0 ($86.6)
2 GF Nonexempt Revenues 6,737.8 7,016.0 6,936.3 6,846.0
3 GF Exempt Revenues 0.0 0.0 272.5 704.9
4 Transfers/Paybacks 354.3 280.8 0.0 0.0
5 Transfer to Older Americans Act (8.8) (10.9) (10.9) (10.9)
6 OSPB Revenue Estimate Volatility Adjustment 0.0 (233.1) 2.6 1.5
7 Gov Ritter's August 25 Budget Balancing Package as Requested by OSPB 0.0 47.5 7.0 0.0
8 Year-end Balancing Transfer (Gov's Executive Order D 013 09 pursuant to SB 09-279) 458.1 (458.1) 0.0 0.0
9 TABOR Surplus Liability 0.0 0.0 0.0 0.0
10 TOTAL GF AVAILABLE $7,868.4 $7,079.0 $7,344.5 $7,454.9
11
12 GF Obligations:
13 GF Appropriations $7,410.7 $7,456.5 $6,806.9 $7,153.7
14 1331 Supplementals Requested by OSPB and Elected Officials 0.0 0.0 0.0 0.0
15 1331 Supplementals Approved by JBC (23.2) (45.4) 45.4 0.0
16 Gov Ritter's August 25 Budget Balancing Package as Requested by OSPB 0.0 (604.2) 454.3 0.0
17 Adjustment for FMAP not addressed as yet by OSPB Plan 0.0 0.0 (152.9) 152.9
18 Adjustment for Higher Ed ARRA Funds not addressed as yet by OSPB Plan 0.0 0.0 0.0 150.7
19 Adjusted GF Appropriations Base 7,387.5 6,806.9 7,153.7 7,457.3
20 Amounts Deemed Exempt from the Restriction on State Appropriations (Section 24-75-201.1, C.R.S.) 0.2 0.0 0.0 0.0
21 Medicaid Overexpenditures 12.0 0.0 0.0 0.0
22 Estimated Federal Medical Assistance Percentage (FMAP) Changes (incls SB264 impact) (214.1) (13.5) (6.7) 0.0
23 Rebates and Expenditures - Based on Statutory Minimums 136.0 145.5 153.0 187.7
24 Reimbursement for Senior and Veterans Property Tax Exemption 85.5 1.1 99.4 105.1
25 Funds in Prior Year Excess Reserve to HUTF (Section 24-75-218, C.R.S.) 29.0 N/A N/A N/A
26 Funds in Prior Year Excess Reserve to Capital Construction (Section 24-75-218, C.R.S.) 14.5 N/A N/A N/A
27 Transfer to HUTF (Sec. 24-75-219, C.R.S.) N/A 0.0 0.0 0.0
28 Transfer to Capital Construction (Sec. 24-75-219, C.R.S.) N/A 0.0 0.0 0.0
29 Capital Construction Transfer (Based on Current Law) 24.9 2.0 31.7 55.0
30 Accounting Adjustments (43.9) 0.0 0.0 0.0
31 TOTAL GF OBLIGATIONS $7,431.6 $6,942.0 $7,431.1 $7,805.1
32
33 YEAR END GF RESERVE $436.8 $137.0 ($86.6) ($350.2)
34 STATUTORY RESERVE (Section 24-75-201.1 (1) (d), C.R.S.) 147.8 136.1 286.1 298.3
35 MONEYS IN (DEFICT)/EXCESS OF THE STATUTORY GF RESERVE $289.1 $0.9 ($372.7) ($648.5)

Prepared by JBC Staff 3 - OSPB September 2009 Fcst 21-Sep-09

 Table 2 - Continued

FY 08-09 FY 09-10 FY 10-11 FY 11-12

36 Total Gross General Fund Revenues $6,737.8 $7,016.0 $7,208.8 $7,550.9
37 Percent Gross General Fund Revenue Growth -13.0% 4.1% 2.7% 4.7%
38
39 Transfer to the State Education Fund $339.9 $356.5 $365.5 $388.9
40
41 Required TABOR Reserve $273.9 $275.8 $287.7 $303.8
42
43 GF Approp Base (Adj GF approp base + K-12 Capital + Amt Deemed Exempt + Medicaid Over) $7,399.7 $6,806.9 $7,153.7 $7,457.3
44 Total Percent Growth (Including both items within restriction and exemptions) 3.9% -8.0% 5.1% 4.2%
45 GF Appropriations Base Available Growth $279.8 ($592.8) $346.8 $303.6
46
47 Personal Income (Sec 24-75-201.1 (1)(a)(VII)(A), CRS - PI as of two years prior to fiscal year) N/A $199,500.0 $209,300.0 $207,400.0
48 Percent Increase/(Decrease) Over Previous Year N/A N/A 4.9% -0.9%
49
50 Calculated Restriction on GF Appropriation Growth (Sec 24-75-201.1 (1)(a)(II) through (IV), CRS) $7,547.1 $9,975.0 $10,465.0 $10,370.0
51 Adjusted GF Appropriations Base 7,387.5 6,806.9 7,153.7 7,457.3
52 Over/(Under) Calculated Appropriations Restriction ($159.6) ($3,168.1) ($3,311.3) ($2,912.7)
53
54 Year-End GF Reserve Percentage 5.9% 2.0% -1.2% -4.7%
55
56 Rebates and Expenditures Include (from LCS Forecast)
57 Cigarette Rebate $12.1 $11.5 $11.5 $11.6
58 Old Age Pension 108.1 115.4 116.5 121.1
59 Aged Property Tax & Heating Credit 5.3 8.4 8.5 8.6
60 FPPA 4.0 4.1 4.1 29.4
61 Amendment 35 GFE Expenditures 1.0 0.9 0.9 0.9
62 Treasurer's Loans to School Districts (Off Budget -- Not in Long Bill) 5.5 5.2 11.5 16.1
63 Total Rebates and Expenditures $136.0 $145.5 $153.0 $187.7

Prepared by JBC Staff 4 - OSPB September 2009 Fcst 21-Sep-09

 Table 3
Appropriation Actions as Requested in August 25, 2009 Governor Bill Ritter's FY 2009-10 Budget Balancing Package

FY 2009-10 FTE FY 2010-11 FTE

Department GF Other Funds Total Funds New Vacancy Layoff GF Other Funds Total Funds New Vacancy Layoff
Agriculture Total (694,765) (20,514) (715,279) 0.0 0.0 0.0 (9,384) (15,095) (24,479) 0.0 0.0 0.0
Corrections Total (25,809,462) (34,689) (25,844,151) 0.0 (34.8) 0.0 (29,316,227) (26,531) (29,342,758) 8.7 (38.0) 0.0
Education Total (33,022) 0 (33,022) 0.0 0.0 0.0 (33,022) 0 (33,022) 0.0 0.0 0.0
Governor Total (770,713) (1,168,092) (1,938,805) 0.0 (3.8) (8.7) (918,992) (1,970,547) (2,889,539) 0.0 (3.0) (13.0)
HCPF Total (454,707,351) 340,953,530 (113,753,821) 0.0 (0.2) 0.0 (71,508,998) (42,545,800) (114,054,798) 0.0 (0.2) 0.0
Higher Ed Total (80,935,058) 2,908,430 (78,026,628) 0.0 0.0 0.0 (102,870) (4,958) (107,828) 0.0 0.0 0.0
Human Services Total (19,662,082) (26,695,380) (46,357,462) 0.0 (20.2) (109.4) (24,054,555) (39,403,165) (63,457,720) 0.0 (23.6) (189.6)
Judicial Total (10,200,959) 0 (10,200,959) 0.0 0.0 0.0 (10,200,959) 0 (10,200,959) 0.0 0.0 0.0
Labor and Employment Total 0 (58,217) (58,217) 0.0 0.0 0.0 0 (41,442) (41,442) 0.0 0.0 0.0
Law Total (306,911) (21,107) (328,018) 0.0 0.0 0.0 (306,366) (19,965) (326,331) 0.0 0.0 0.0
Legislature Total (1,077,672) 0 (1,077,672) 0.0 0.0 0.0 (1,077,672) 0 (1,077,672) 0.0 0.0 0.0
Local Affairs Total (959,337) (3,984,225) (4,943,562) 0.0 0.0 0.0 (951,096) 1,118,851 167,755 0.0 0.0 0.0
Military Affairs Total (422,754) (2,753) (425,507) 0.0 0.0 0.0 (431,693) (2,753) (434,446) 0.0 0.0 0.0
Natural Resources Total (2,729,462) 1,994,189 (735,273) 0.0 (6.3) 0.0 (2,720,133) 2,035,422 (684,711) 0.0 (6.3) 0.0
Personnel Total (271,294) (3,751,226) (4,022,520) 0.0 (1.6) (2.3) (590,060) (3,726,095) (4,316,155) 0.0 (2.0) (6.0)
Public Health Total (1,520,308) (15,090,428) (16,610,736) 0.0 0.0 0.0 (1,520,131) (29,238) (1,549,369) 0.0 0.0 0.0
Public Safety Total (2,119,795) 1,056,980 (1,062,815) 0.0 (4.1) (0.8) (4,340,454) 3,167,250 (1,173,204) 0.0 (5.6) (1.0)
Regulatory Agencies Total (189,549) (19,757) (209,306) 0.0 (1.0) 0.0 (189,818) (10,001) (199,819) 0.0 (1.0) 0.0
Revenue Total (1,803,535) 293,933 (1,509,602) 0.0 (14.0) (2.1) (1,609,949) (53,325) (1,663,274) 0.0 (16.6) (3.0)
State Total 0 0 0 0.0 0.0 0.0 0 0 0 0.0 0.0 0.0
Transportation Total 0 0 0 0.0 0.0 0.0 0 0 0 0.0 0.0 0.0
Treasury Total (28,900) 0 (28,900) 0.0 0.0 0.0 (28,900) 0 (28,900) 0.0 0.0 0.0
Grand Total (604,242,929) 296,360,674 (307,882,255) 0.0 (86.0) (123.3) (149,911,279) (81,527,392) (231,438,671) 8.7 (96.3) (212.6)

Difference between FY 2009-10 and FY 2010-11 454,331,650 (377,888,066) 76,443,584 8.7 (10.3) (89.3)

Prepared by JBC Staff 5 21-Sep-09

 Table 4
General Fund Revenue Actions as Requested in August 25, 2009 Governor Bill Ritter's FY 2009-10 Budget Balancing Package

FY 2009-10 FY 2010-11
Department Request Title GF GF Comments
Cash Transfers:
Governor Sno-Cat Replacement 230,520 0
Labor Employment Support Fund 5,000,000 0
Local Affairs Waste Tire Fund 2,700,000 0
Local Affairs Local Government Permanent Fund 14,305,697 0
Local Affairs Local Government Limited Gaming Impact Fund 5,100,000 0
Local Affairs Local Government Severance Tax Fund 7,600,000 0
Personnel Emergency Controlled Maintenance Fund in the Capital Construction Fund 335,000 0
Personnel Fund 91S Employee Benefits Plan - Financial Relief Credit from Kaiser 3,354,593 0
Transportation Law Enforcement Assistance Fund (LEAF) 1,948,639 0
TOTAL CASH TRANSFERS 40,574,449 0

Other Revenue Actions:

Human Services Old Age Pension Cost of Living Adjustment 6,127,916 7,033,507
Personnel General Fund Revenue from Additional Procurement Card Rebates 800,000 0
TOTAL OTHER REVENUE ACTIONS 6,927,916 7,033,507

GRAND TOTAL REVENUES 47,502,365 7,033,507

Prepared by JBC Staff 6 21-Sep-2009

 Table 5
2009 Interim 1331 Supplemental Requests

June 2009 Operating 1331 Supplemental Requests

OSPB/State Request JBC Action

FY 2008-09 FY 2009-10 FY 2008-09 FY 2009-10
Department Issue GF Other Funds Total GF Other Funds Total GF Other Funds Total GF Other Funds Total
1 Corrections Food Operating Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2 Corrections ARRA Funds to Avoid Reductions in DOC (24,600,000) 24,600,000 0 (45,400,000) 45,400,000 0 (24,600,000) 24,600,000 0 (45,400,000) 45,400,000 0
3 HCPF Refinance CBMS Improvements (396,866) (442,621) (839,487) 0 0 0 (396,886) (442,621) (839,507) 0 0 0
4 HCPF Nurse Home Visitor Program Federal Funds Repayment 0 0 0 0 0 0 0 0 0 0 0 0
5 HCPF Federal Funds Replacement for CDPHE Facility Survey Certification 0 0 0 0 0 0 0 0 0 0 0 0
6 Higher Education Emegency True-up 0 0 0 0 0 0 0 0 0 0 0 0
7 Human Services Refinance CBMS Improvements 390,145 1,233,837 1,623,982 0 0 0 390,145 1,233,837 1,623,982 0 0 0
8 Judicial Office of the Child's Representative, Court Appointed Counsel 1,437,229 0 1,437,229 0 0 0 1,137,229 0 1,137,229 0 0 0
9 Personnel Integrated Document Factory Personal Services True-up 0 0 0 0 0 0 0 0 0 0
10
11 Total ($23,169,492) $25,391,216 $2,221,724 ($45,400,000) $45,400,000 $0 ($23,469,512) $25,391,216 $1,921,704 ($45,400,000) $45,400,000 $0
12
14 June 2009 Capital Construction 1331 Supplemental Requests
15
16 OSPB/State Request JBC Action
17 FY 2008-09 FY 2009-10 FY 2008-09 FY 2009-10
18 Department Issue CCFE Other Funds Total CCFE Other Funds Total CCFE Other Funds Total CCFE Other Funds Total
19 Higher Ed Mines - Parking Garage $0 $0 $0 $0 $10,454,387 $10,454,387 $0 $0 $0 $0 $10,454,387 $10,454,387
20 Higher Ed Mesa - Saunders Field House 0 3,627,000 3,627,000 0 0 0 0 3,627,000 3,627,000 0 0 0
21 Higher Ed CU-Denver - Health and Wellness 0 0 0 0 37,720,827 37,720,827 0 0 0 0 37,720,827 37,720,827
22 Higher Ed Cu-Boulder - Systems Biotech 0 0 0 0 135,121,152 135,121,152 0 0 0 0 135,121,152 135,121,152
23
24 Total $0 $3,627,000 $3,627,000 $0 $183,296,366 $366,592,732 $0 $3,627,000 $3,627,000 $0 $183,296,366 $183,296,366
25
26 September 2009 Operating 1331 Supplemental Requests
27
28 OSPB/State Request JBC Action
29 FY 2008-09 FY 2009-10 FY 2008-09 FY 2009-10
30 Department Issue GF Other Funds Total GF Other Funds Total GF Other Funds Total GF Other Funds Total
31 Education Postsecondary and Workforce Readiness Assessments Pilot Program $0 $0 $0 $0 $190,133 $190,133 $0 $0
32 Education State Share Funding for Steamboat Springs School District 0 0 0 0 3,684,365 3,684,365 0 0
33 Human Services TANF Emergency Fund Initiatives 0 0 0 0 28,957,513 28,957,513 0 0
34 Judicial Pub Defender - Boulder Family Advocate Funding Source Change 0 0 0 0 40,000 40,000 0 0
35
36 Total $0 $0 $0 $0 $32,872,011 $32,872,011 $0 $0 $0 $0 $0 $0

Prepared by JBC Staff 7 21-Sep-09

 Table 6
Comparison of LCS Forecast and OSPB Forecast

FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12

1 GF Non Exempt Revenues:
2 LCS 6,573.5 6,737.8 6,544.6 6,458.7 6,543.3
3 OSPB 6,573.5 6,737.8 7,016.0 6,936.3 6,846.0
4 Difference (positive number indicates LCS higher than OSPB) 0.0 0.0 (471.4) (477.6) (302.7)
5
6 GF Exempt Revenues:
7 LCS 1,169.4 0.0 0.0 506.7 939.4
8 OSPB 1,169.4 0.0 0.0 272.5 704.9
9 Difference (positive number indicates LCS higher than OSPB) 0.0 0.0 0.0 234.2 234.5
10
11 Total Gross GF Revenues:
12 LCS 7,742.9 6,737.8 6,544.6 6,965.4 7,482.7
13 OSPB 7,742.9 6,737.8 7,016.0 7,208.8 7,550.9
14 Difference (positive number indicates LCS higher than OSPB) 0.0 0.0 (471.4) (243.4) (68.2)
15
16 Percent Gross General Fund Revenue Growth:
17 LCS 2.7% -13.0% -2.9% 6.4% 7.4%
18 OSPB 2.7% -13.0% 4.1% 2.7% 4.7%
19 Difference (positive number indicates LCS higher than OSPB) 0.0% 0.0% -7.0% 3.7% 2.7%
20
21 TABOR Surplus Liability:
22 LCS 0.0 0.0 0.0 0.0 0.0
23 OSPB 0.0 0.0 0.0 0.0 0.0
24 Difference (positive number indicates LCS higher than OSPB) 0.0 0.0 0.0 0.0 0.0
25
26 Adjusted GF Appropriations Base:
27 LCS 7,087.8 7,387.5 6,806.9 7,153.7 7,457.3
28 OSPB 7,087.8 7,387.5 6,806.9 7,153.7 7,457.3
29 Difference (positive number indicates LCS higher than OSPB) 0.0 0.0 0.0 0.0 0.0
30
31 Year End GF Reserve
32 LCS 565.9 437.5 (105.5) (570.4) (880.6)
33 OSPB 565.9 436.8 137.0 (86.6) (350.2)
34 Difference (positive number indicates LCS higher than OSPB) 0.0 0.7 (242.5) (483.8) (530.4)
35
36 MONEYS IN (DEFICT)/EXCESS OF THE STATUTORY GF RESERVE
37 LCS 282.4 289.8 (241.6) (856.5) (1,178.9)
38 OSPB 282.4 289.1 0.9 (372.7) (648.5)
39 Difference (positive number indicates LCS higher than OSPB) 0.0 0.7 (242.5) (483.8) (530.4)

Prepared by JBC Staff 8 - Comparison of LCS and OSPB GF Overview Based on September 2009 Forecats 21-Sep-09
Table 7 - Differences between LCS March Forecast Used to Set the FY 2009-10 Budget and Most Recent LCS Forecasts for FY 2009-10

Difference Difference
GF Overview from GF Overview from from Difference
Approp Report from Jun 2009 Original Mar GF Overview from Original Mar from Jun
(Mar 2009 Fcst) Fcst Fcst Sep 2009 Fcst Fcst Fcst
General Fund Available
Beginning GF Overview 149.1 (103.4) (252.5) 437.5 288.4 540.9
GF Nonexempt Revenues 6,833.2 6,766.1 (67.1) 6,544.6 (288.6) (221.5)
GF Exempt Revenues 0.0 0.0 0.0 0.0 0.0 0.0
Transfer to Older Coloradans Fund (10.9) (10.9) 0.0 (10.9) 0.0 0.0
Transfer from/(to) Other Funds 395.9 280.8 (115.1) (177.3) (573.2) (458.1)
Additional Revenue from Aug 25 Budget Plan 0.0 0.0 0.0 47.5 47.5 47.5
Additional ARRA Moneys 45.4 36.5 (8.9) 0.0 (45.4) (36.5)
Excess Article X, Section 20 Revenues 0.0 0.0 0.0 0.0 0.0 0.0
SB 97-1 Diversions 0.0 0.0 0.0 0.0 0.0 0.0
Total GF Available 7,412.7 6,969.1 (443.6) 6,841.4 (571.3) (127.7)

General Fund Obligations

Capital Construction Transfer 2.0 2.0 0.0 2.0 0.0 0.0
Rebates and Expenditures 139.4 137.7 (1.7) 150.4 11.0 12.7
Excess Reserve to HUTF 0.0 0.0 0.0 0.0 0.0 0.0
Excess Reserve to Capital Construction 0.0 0.0 0.0 0.0 0.0 0.0
Homestead Exemption 1.0 1.1 0.1 1.1 0.1 0.0
Amounts Deemed Exempt from 6.0 Percent Limit 0.0 0.0 0.0 0.0 0.0 0.0
FMAP Moneys (345.4) (345.4) 0.0 (13.5) 331.9 331.9
Aug 25 Budget Plan 0.0 0.0 0.0 (604.2) (604.2) (604.2)
General Fund Appropriations 7,456.5 7,411.1 (45.4) 7,411.1 (45.4) 0.0
Total GF Obligations 7,253.5 7,206.5 (47.0) 6,946.9 (306.6) (259.6)

Ending General Fund Reserve 159.2 (237.4) (396.6) (105.5) (264.7) 131.9

General Fund Reserve Information

Statutorily Required General Fund Reserve 149.1 148.2 (0.9) 136.1 (13.0) (12.1)
General Fund in Excess of Statutory Requirement 10.1 (385.6) (395.7) (241.6) (251.7) 144.0

Prepared by JBC Staff 9 21-Sep-09