FUND FOR A HEALTHY MAINE (FHM) STATUS
Based on all actions of the 120th Legislature
FY 02   FY 03
TOBACCO SETTLEMENT REVENUE:
     - December 2000 Forecast - Base Revenues $57,530,718 $58,290,987
     - November 2001 Revenue Revision ($227,477) ($1,978,908)
     - February 2002 Revenue Revision ($5,353,870)
     - August 2002 Revenue Revision ($66,100)
     - Revenue Variances (Actual minus Budgeted Revenue) $5,602,389
   
   Total Revenue $57,551,760 $56,245,979
FHM ALLOCATIONS AND OTHER USES: 1
Transfers
     - Current Services Transfers $267,037 $394,740
     - Other Transfers - 120th Legislature, 1st Regular Session $11,432,963 $29,278,098
     - Transfers -  120th Legislature, 2nd Regular Session ($4,092,281) 2 $3,200,000
     - Transfers -  120th Legislature, 1st Special Session $8,671,956
     - Lapse Unobligated Allocations at Year-end ($1,624,958)
   
    Sub-total - Transfers/Adjustments to Balance $5,982,761 $41,544,794
Allocations
     - Current Services Allocations $56,026,661 $56,698,350
     - Other Allocations - 120th Legislature, 1st Regular Session ($8,559,021) ($8,579,904)
     - Biennial Reserve - 120th Legislature, 1st Regular Session ($25,540,000) 3
     - Allocations - 120th Legislature, 2nd Regular Session ($2,800,000) $636,145
     - Allocations  - 120th Legislature, 1st Special Session ($2,209,318)
   
   Sub-total - Allocations $19,127,640 $46,545,273
   
   Total Allocations and Other Uses $25,110,401 $88,090,067
   
Net Change (Revenue minus Allocations and Other Uses) $32,441,359 ($31,844,088)
 
     
BEGINNING BALANCE 4 $5,123,725   $37,565,084
NET CHANGE (FROM ABOVE) $32,441,359   ($31,844,088)
PROJECTED ENDING BALANCE $37,565,084   $5,720,996
       
NOTES:
1 For the purposes of this summary, transfers out are treated as an expenditure/use and are positive amounts
2  Reflects a $4,092,281 transfer back to the Fund for a Healthy Maine from unused allocations in FY01
3  Reflects a $25,540,000 deallocation from the Biennial Reserve allocated in FY01
4  Reflects the actual ending balances at the close of FY 01 and FY 02