GENERAL FUND STATUS
Based on all actions through the close of the fiscal year 2008-09 1
FY 08 FY 09
AVAILABLE FUNDS
Transfers/Adjustments to Balance:
2008-2009 Biennial Budget - PL 2007, c. 240 $7,948,193 ($5,650,904)
Other Legislation Enacted During 123rd Legislature, 1st Regular Session $97,135 $126,822
Supplemental Budget (LD 2289, PL 2007, c. 539) $45,323,018 $1,491,353
Legislation Enacted During 123rd Legislature, 1st Special Session $175,000 $712,648
EFY09 Supplemental Budget - LD 45, PL 2009, c. 1 $0 $58,077,087
2010-2011 Biennial Budget - PL 2009, c. 213 $0 $91,135,900
FY 09 Supplemental Budget - PL 2009, c. 371 $0 $24,000,000
Reserve Pursuant to 5 MRSA 1535 2
Unbudgeted Lapsed Balances $8,127,801 $6,043,969
Other Accounting Adjustments $738,607 $11,301,619
Statutory Year-end Transfers ($37,546,621) $44,594,978
   
Subtotal - Transfers/Adjustments to Balance $24,863,133 $231,833,472
Undedicated Revenue:
December 2006 Base Revenue Estimate $3,076,480,563 $3,158,270,150
March 2007 Revenue Revision ($21,003,856) ($19,583,936)
May 2007 Revenue Revision $492,048 $1,052,352
December 2007 Revenue Revision ($37,773,087) ($57,388,283)
March 2008 Revenue Revision ($26,870,994) ($67,910,570)
December 2008 Revenue Revision $0 ($140,340,829)
May 2009 Revenue Revision $0 ($129,288,054)
EFY07 Budget - PL 2007, c. 1 $2,211,237 $3,781,371
2008-2009 Biennial Budget - PL 2007, c. 240 $47,278,615 $49,655,465
Legislation Enacted During 123rd Legislature, 1st Regular Session $234,918 $742,542
Supplemental Budget (LD 2289, PL 2007, c. 539) $332,956 $25,555,322
Other Legislation Enacted During 123rd Legislature, 2nd Regular Session $0 $54,000
Legislation Enacted During 123rd Legislature, 1st Special Session ($641,978) $1,146,585
EFY09 Supplemental Budget - LD 45, PL 2009, c. 1 $0 $6,787,268
2010-2011 Biennial Budget - PL 2009, c. 213 $0 $22,229,765
Revenue Variances $47,078,570 ($43,394,853)
   
Subtotal - Undedicated Revenue $3,087,818,992 $2,811,368,295
   
TOTAL PROJECTED RESOURCES $3,112,682,125 $3,043,201,766
APPROPRIATIONS
2008-2009 Biennial Budget - Baseline Budget $3,047,259,682 $3,062,096,178
2008-2009 Biennial Budget - Adjustments to Baseline Budget $82,783,014 $126,442,438
Other Legislation Enacted During 123rd Legislature, 1st Regular Session $454,641 $350,722
Supplemental Budget (LD 2289, PL 2007, c. 539) ($19,537,339) ($98,534,999)
Other Legislation Enacted During 123rd Legislature, 2nd Regular Session ($40,000) ($40,000)
Legislation Enacted During 123rd Legislature, 1st Special Session $7,000 $1,742,927
EFY09 Supplemental Budget - LD 45, PL 2009, c. 1 $0 ($74,644,289)
2010-2011 Biennial Budget - PL 2009, c. 213 $0 ($42,411,921)
FY 09 Supplemental Budget - PL 2009, c. 371 $0 ($1,643,615)
Adjustments to Appropriations - Statutory Year-end Transfers $18,398,357 $44,594,978
   
TOTAL APPROPRIATIONS $3,129,325,355 $3,017,952,419
   
NET CHANGE (PROJECTED RESOURCES LESS APPROPRIATIONS) ($16,643,230) $25,249,347
           
  BEGINNING BALANCE 1 $17,578,341   $935,111  
  NET CHANGE (FROM ABOVE) ($16,643,230)   $25,249,347  
  ENDING BALANCE 1 $935,111   $26,184,458  
           
APPROPRIATION LIMITS - BASED ON LD 1, PL 2005 c. 2 2        
  FY07 Base Appropriation Limit Grown By 3.08% Growth Factor $2,969,816,266   $3,061,286,607  
  General Purpose Aid for Local Schools Growth until 55% achieved $237,421,764   $221,944,870  
  Total Appropriations Allowed by LD 1, PL 2005, c. 2 Appropriation Limit $3,207,238,030   $3,283,231,477  
           
  Total Appropriations (from Above) $3,129,325,355   $3,017,952,419  
  Amount that Appropriations are Above (Below) Limit ($77,912,675)   ($265,279,058)  
           
Notes:
1 Reflects final status for the 2008-2009 biennium including all FY 09 closing transactions.