Updated: 11/4/04
FUND FOR A HEALTHY MAINE (FHM) STATUS
Based on all actions of the 121st Legislature through the 2nd Special Session and FY 03 closing transactions 
FY 02   FY 03
FHM RESOURCES:
Revenue
December 2000 Forecast - Base Revenue $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)
December 2002 Revenue Revision $1,156,386
Revenue Variances (Actual minus Budgeted Revenue) $5,602,389 ($913,576)
   
   Subtotal - Revenue $57,551,760 $56,488,789
Other Resources and Adjustments
Funds Returned from Audit Findings $0 $407,943
Prior Period and Other Accounting Adjustments 1 $0 $841,293
Lapsed Balances per PL 2001, c. 559, part AA-4 $4,092,281 $0
Lapsed Unobligated Allocations at Year-end 2 $1,624,958 $1,812,899
   Subtotal - Other Resources and Adjustments $5,717,239 $3,062,135
Total Resources $63,268,999 $59,550,924
FHM ALLOCATIONS AND OTHER USES: 3
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 $0 $3,200,000
Transfers - 120th Legislature, 1st Special Session $0 $8,671,956
   
Subtotal - Transfers $11,700,000 $41,544,794
Allocations
Current Services Allocations $56,026,661 $56,698,350
Allocations - 120th Legislature, 1st Regular Session ($8,559,021) ($8,579,904)
Biennial Reserve - 120th Legislature, 1st Regular Session 4 ($25,540,000) $0
Allocations - 120th Legislature, 2nd Regular Session ($2,800,000) $636,145
Allocations - 120th Legislature, 1st Special Session $0 ($2,209,318)
Allocations - 121st Legislature, 1st Regular Session $0 $351,250
   
Subtotal - Allocations $19,127,640 $46,896,523
   
Total Allocations and Other Uses $30,827,640 $88,441,317
   
Net Change (Revenue minus Allocations and Other Uses) $32,441,359 ($28,890,393)
           
  BEGINNING BALANCE 5 $5,123,725   $37,565,084  
  NET CHANGE (FROM ABOVE) $32,441,359   ($28,890,393)  
  ENDING BALANCE $37,565,084   $8,674,691  
           
NOTES:
1 Includes adjustments authorized under PL 2003, c. 513 and other miscellaneous adjustments to equal the cash position of the Fund for a Healthy Maine account within the Department of Administrative and Financial Services as of the close of FY03.
2 Lapsed balance amounts based on MFASIS expenditure analysis
3 For the purposes of this summary, transfers out are treated as an expenditure/use and are positive amounts
4 Reflects a $25,540,000 deallocation from the Biennial Reserve allocated in FY01
5 Reflects OFPR estimate of ending balances at the close of FY 01 and FY 02