State Board of Equalization proposed FY-- revenue certification

              STATE BOARD OF EQUALIZATION
PROPOSED FY-2013 REVENUE CERTIFICATION
December 20, 2011
Shelly Paulk
Office of State Finance TABLE OF CONTENTS
Schedule 1 FY-2013 Funds to be Certified ........................................................................................................... 3
Schedule 2 Itemized Estimates of Revenue .......................................................................................................... 4
Schedule 3 Itemized Estimates of "Other" Revenues - General Revenue Fund ................................................... 5
Comparison of Revenue Estimates: Detail
Schedule 4 FY-2012 Estimate vs. Proposed FY-2013 Estimate .......................................................................... 6
Schedule 5 FY-2012 Projection vs. Proposed FY-2013 Estimate ........................................................................ 7
Schedule 6 FY-2012 Estimate vs. FY-2012 Projection ....................................................................................... 8
Schedule 7 Education Reform Act – HB 1017 ....................................................................................................... 9
Schedule 8 Legislated Revenue Adjustments: Informational ROADS Fund Apportionment Summary ............... 10
Appendix A-1 Comparison of Authorized Expenditures 2011 Session to Proposed Expenditure Authority 2012 Session ........................................................................................................................................... 11
Office of State Finance 2 20 December 2011
Schedule 1 FY-2013 Funds to be Certified
The summation of the itemized estimates of revenue, Schedule 2, and the amounts available for appropriation are proposed as the amounts to be certified by the State Board of Equalization in accordance with Section 23, Article X, Constitution of Oklahoma. The amounts proposed as available for appropriation are calculated as 95 percent (95%) of the summation of the itemized estimate of revenue for the respective funds.
Column 1
Column 2
Column 3
TOTAL ESTIMATED COLLECTIONS
APPROPRIATIONS AUTHORITY
Proposed FY-2013 Estimates
GENERAL REVENUE
$5,541,934,309
$5,264,837,594
C.L.E.E.T.
$3,368,528
$3,200,102
COMMISSIONERS OF THE LAND OFFICE
$16,905,916
$16,060,620
MINERAL LEASING
$4,000,000
$3,800,000
SPECIAL OCCUPATIONAL HEALTH & SAFETY
$2,500,000
$2,375,000
PUBLIC BUILDING
$1,757,280
$1,669,416
OK EDUCATION LOTTERY TRUST FUND
$60,522,350
$57,496,233
TOTALS
$5,630,988,383
$5,349,438,965
Office of State Finance 3 20 December 2011
Schedule 2 Itemized Estimates of Revenue
The itemized estimate of revenues displayed in this schedule represents 100% of the estimate for the General Revenue Fund and the Special Revenue Funds to be appropriated by the Legislature for the fiscal year ending June 30, 2013 (FY-2013) and are the basis for the summation proposed for certification in Schedule 1. For informational purposes the FY-2013 estimates of revenues are compared to both the itemized estimates and the projections of revenues for the current fiscal year (FY-2012).
Column 1
Column 2
Column 3
Column 4
Column 5
FUND NAME
FY-2011 ACTUAL
FY-2012 ESTIMATE 17-June-11
FY2012 PROJECTED 20-Dec-11
PROPOSED FY-2013 ESTIMATE 20-Dec-11
GENERAL REVENUE
Alcohol Beverage Tax
$21,882,525
$23,057,000
$22,244,000
$22,789,000
Mixed Beverage Receipts Tax
35,615,638
36,540,000
38,105,000
39,919,000
Beverage Tax
25,010,953
26,318,000
25,960,000
26,612,000
Cigarette Tax
67,282,028
56,491,510
45,731,124
48,106,942
Tobacco Products Tax
18,531,962
17,518,215
21,779,070
23,529,159
Franchise Tax/Business Activity Tax
29,144,157
45,073,000
49,720,000
49,720,000
Gross Production Tax-Gas
275,913,167
333,110,000
308,339,000
267,304,000
Gross Production Tax-Oil
212,545,738
185,643,079
234,753,000
195,075,000
Income Tax-Individual
1,775,100,943*
1,829,463,079*
1,912,165,239*
1,972,911,102*
Income Tax-Corporate
274,238,355
202,812,075
263,017,950
270,291,325
Estate Tax
5,725,078
0
0
0
Insurance Premium Tax
81,652,995
66,441,362
75,554,580
75,554,580
Motor Vehicle Taxes
198,592,883
221,280,000
215,497,000
209,586,000
Sales Tax
1,668,336,492
1,747,397,999
1,796,073,232
1,877,035,303
Use Tax
150,136,643
158,859,000
173,075,208
187,025,537
Interest & Investments
80,484,928
96,000,000
80,000,000
83,000,000
Other (Schedule 4)
216,926,068
189,270,572
196,654,427
192,475,361
General Revenue Totals
$5,137,210,551
$5,235,274,811
$5,458,668,832
$5,540,934,309
Transfers & Lapses
598,781
1,000,000
1,000,000
1,000,000
Revenue Comparison
$5,137,809,332
$5,236,274,811
$5,459,668,832
$5,541,934,309
One-Time Receipts
0
0
0
0
Total General Revenue
$5,137,809,332
$5,236,274,811
$5,459,668,832
$5,541,934,309
C.L.E.E.T.
$3,435,654
$3,396,384
$3,368,528
$3,368,528
COMM of LAND OFFICE
$17,981,316
$10,432,906
$14,050,030
$16,905,916
MINERAL LEASING
$4,219,632
3,000,000
4,000,000
4,000,000
SPECIAL OCCUPATIONAL HEALTH & SAFETY
2,675,625
1,548,500
1,471,075
2,500,000
PUBLIC BUILDING
5,539,312
1,457,280
1,759,160
1,757,280
OK EDUCATION LOTTERY TRUST FUND
69,396,091
60,587,100
64,007,300
60,522,350
GRAND TOTAL
$5,240,876,961
$5,316,696,981
$5,548,324,925
$5,630,988,383
*In compliance with Section 34.87 of Title 62 of the Oklahoma Statutes, the State Regents for Higher Education has requested $63m for funding of Oklahoma's Promise scholarship fund. Action taken by the Board reduced the amount of money allocated from state funds to $57,000,000 which has been removed from the FY-2013 Individual Income Tax Estimate. Any additional scholarship funding required is to come from the OHLAP Trust Fund which holds a current reserve balance of $14.5 million. $63.2m was funded for FY-2012 and $57m for FY-2011 and both amounts have been removed from the respective individual income tax numbers.
Office of State Finance 4 20 December 2011
Schedule 3 Itemized Estimates of "Other" Revenues - General Revenue Fund
Column 1
Column 2
Column 3
Column 4
Column 5
FY-2011 ACTUAL
FY-2012 ESTIMATE 17-Jun-11
FY2012 PROJECTED 20-Dec-11
PROPOSED FY-2013 ESTIMATE 20-Dec-11
OTC:
Pari-Mutuel
1,130,420
1,215,000
1,215,000
1,215,000
Tribal Cigarette Compacts
13,855,903
14,036,000
13,134,000
13,068,000
Bingo Excise & Charity Games
165,803
197,000
174,000
183,000
Workers Comp Ins. Premium Tax
8,806,054
7,026,000
8,280,000
8,317,000
Petroleum Excise Tax
10,844,996
9,131,000
9,632,000
9,982,000
Other OTC
29,230,023
21,448,000
21,226,000
21,535,000
TOTAL OTC
$64,033,199
$53,053,000
$53,661,000
$54,300,000
COLLECTIONS BY OTHER AGENCIES
ABLE
5,442,073
5,232,138
5,457,115
5,490,676
Attorney General
21,280
21,000
4,824,715
390,000
Central Services
434,139
1,051,209
855,645
505,295
CLEET
597,916
611,266
601,397
601,097
Consumer Credit
856,646
684,094
817,086
817,086
DPS
44,453,276
46,753,710
44,075,739
44,372,782
Employees Benefit Council
1,173,119
1,547,309
1,173,119
1,173,119
Horseracing
524,204
409,225
409,225
409,225
Insurance Comm
39,393,971
32,921,921
35,515,321
35,515,321
Labor
976,095
979,850
976,095
976,095
Medical Licensure
350,376
220,000
250,000
220,000
Nursing Board
303,157
301,818
301,818
304,846
Sec of State
2,714,634
2,267,000
2,636,409
2,684,000
Securities Comm
14,603,680
12,674,872
14,327,611
14,337,611
Treasurer (Unclaimed Property)
10,000,000
10,000,000
10,000,000
10,000,000
Tribal Gaming/HR Gaming
16,690,211
15,688,000
16,128,000
15,828,000
OPM
4,677,644
4,654,160
4,403,695
4,350,208
OSF
204,336
200,000
240,438
200,000
Other
9,476,111
0
0
0
TOTAL MISC
152,892,868
136,217,572
142,993,427
138,175,361
GRAND OTHER
$216,926,068
$189,270,572
$196,654,427
$192,475,361 Office of State Finance 5 20 December 2011
COMPARISON OF REVENUE ESTIMATES
Schedule 4 FY-2012 Final Estimate vs. Proposed FY-2013 Estimate
Column 1
Column 2
Column 3
Column 4
Column 5
FY-2012 ESTIMATE 17-Jun-11
PROPOSED FY-2013 ESTIMATE 20-Dec-11
INCREASE OR (DECREASE)
PERCENT CHANGE
GENERAL REVENUE
Alcohol Beverage Tax
$23,057,000
$22,789,000
($268,000)
-1.2%
Mixed Beverage Receipts Tax
36,540,000
39,919,000x
3,379,000
9.2%
Beverage Tax
26,318,000
26,612,000
294,000
1.1%
Cigarette Tax
56,491,510
48,106,942
(8,384,568)
-14.8%
Tobacco Products Tax
17,518,215
23,529,159
6,010,945
34.3%
Franchise Tax/Business Activity Tax
45,073,000
49,720,000
4,647,000
10.3%
Gross Production Tax-Gas
333,110,000
267,304,000
(65,806,000)
-19.8%
Gross Production Tax-Oil
185,643,000
195,075,000
9,432,000
5.1%
Income Tax-Individual
1,829,463,079
1,972,911,102
143,448,023
7.8%
Income Tax-Corporate
202,812,075
270,291,325
67,479,250
33.3%
Estate Tax
0
0
0
0.0%
Insurance Premium tax
66,441,362
75,554,580
9,113,218
13.7%
Motor Vehicle Taxes
221,280,000
209,586,000
(11,694,000)
-5.3%
Sales Tax
1,747,397,999
1,877,035,303
129,637,304
7.4%
Use Tax
158,859,000
187,025,537
28,166,537
17.7%
Interest & Investments
96,000,000
83,000,000
(13,000,000)
-13.5%
Other (Schedule 3)
189,270,572
192,475,361
3,204,789
1.7%
General Revenue Totals
$5,235,274,811
$5,540,934,309
$305,659,498
5.8%
Transfers & Lapses
1,000,000
1,000,000
0
0.0%
Revenue Comparison
$5,236,274,811
$5,541,934,309
$305,659,498
5.8%
One-Time Receipts
0
0
0
0.0%
Total General Revenue
$5,236,274,811
$5,541,934,309
$305,659,498
5.8%
C.L.E.E.T.
$3,396,384
$3,368,528
($27,856)
-0.8%
COMM of LAND OFFICE
$10,432,906
$16,905,916
$6,473,010
62%
MINERAL LEASING
$3,000,000
$4,000,000
$1,000,000
33.3%
SPECIAL OCCUPATIONAL HEALTH & SAFETY
$1,548,5000
$2,500,000
$951,500
61.4%
PUBLIC BUILDING
$1,457,280
$1,757,280
$300,000
20.6%
OK EDUCATION LOTTERY TRUST FUND
$60,587,100
$60,522,350
($64,750)
-0.1%
GRAND TOTAL
$5,316,696,981
$5,630,988,383
$314,291,402
5.9% Office of State Finance 6 20 December 2011
COMPARISON OF REVENUE ESTIMATES
Schedule 5 FY-2012 Projection vs. Proposed FY-2013 Estimate
Column 1
Column 2
Column 3
Column 4
Column 5
FY-2012 PROJECTED 20-DEC-11
PROPOSED FY-2013 ESTIMATE 20-Dec-11
INCREASE OR (DECREASE)
PERCENT CHANGE
GENERAL REVENUE
Alcohol Beverage Tax
$22,244,000
$22,789,000
$545,000
2.5%
Mixed Beverage Receipts Tax
38,105,000
39,919,000
1,814,000
4.8%
Beverage Tax
25,960,000
26,612,000
652,000
2.5%
Cigarette Tax
45,731,124
48,106,942
2,375,818
5.2%
Tobacco Products Tax
21,779,070
23,529,159
1,750,089
8.0%
Franchise Tax/Business Activity Tax
49,720,000
49,720,000
0
0.0%
Gross Production Tax-Gas
308,339,000
267,304,000
(41,035,000)
-13.3%
Gross Production Tax-Oil
234,753,000
195,075,000
(39,678,000)
-16.9%
Income Tax-Individual
1,912,165,239
1,972,911,102
60,745,863
3.2%
Income Tax-Corporate
263,017,950
270,291,325
7,273,375
2.8%
Estate Tax
0
0
0
0.0%
Insurance Premium tax
75,554,580
75,554,580
0
0.0%
Motor Vehicle Taxes
215,497,000
209,586,000
(5,911,000)
-2.7%
Sales Tax
1,796,073,232
1,877,035,303
80,962,071
4.5%
Use Tax
173,075,208
187,025,537
13,950,329
8.1%
Interest & Investments
80,000,000
83,000,000
3,000,000
3.8%
Other (Schedule 3)
196,654,427
192,475,361
(4,179,067)
-2.1%
General Revenue Totals
$5,458,668,832
$5,540,934,309
$82,265,477
1.5%
Transfers & Lapses
1,000,000
1,000,000
0
0.0%
Revenue Comparison
$5,459,668,832
$5,541,934,309
$82,265,477
1.5%
One-Time Receipts
0
0
0
0.0%
Total General Revenue
$5,459,668,832
$5,535,934,309
$76,265,477
1.4%
C.L.E.E.T.
$3,368,528
$3,368,528
$0
0.0%
COMM of LAND OFFICE
$14,050,030
$16,905,916
$2,855,886
20.3%
MINERAL LEASING
$4,000,000
$4,000,000
0
0.0
SPECIAL OCCUPATIONAL HEALTH & SAFETY
$1,471,075
$2,500,000
$1,028,925
69.9%
PUBLIC BUILDING
$1,759,160
$1,757,280
($1,800)
-0.1%
OK EDUCATION LOTTERY TRUST FUND
$64,007,300
$60,522,350
($3,484,950)
-5.4%
GRAND TOTAL
$5,548,324,925
$5,630,988,383
$82,663,458
1.5% Office of State Finance 7 20 December 2011
COMPARISON OF REVENUE ESTIMATES
Schedule 6 FY-2012 Official Estimate vs. FY-2012 Projection
Column 1
Column 2
Column 3
Column 4
Column 5
FY-2012 ESTIMATE 17-Jun-11
FY-2012 PROJECTED 20-Dec-11
INCREASE OR (DECREASE)
PERCENT CHANGE
GENERAL REVENUE
Alcohol Beverage Tax
$23,057,000
$22,244,000
($813,000)
-3.5%
Mixed Beverage Receipts Tax
36,540,000
38,105,000
1,565,000
4.3%
Beverage Tax
26,318,000
25,960,000
(358,000)
-1.4%
Cigarette Tax
56,491,510
45,731,124
(10,760,386)
-19.0%
Tobacco Products Tax
17,518,215
21,779,070
4,260,856
24.3%
Franchise Tax/Business Activity Tax
45,073,000
49,720,000
4,647,000
10.3%
Gross Production Tax-Gas
333,110,000
308,339,000
(24,771,000)
-7.4%
Gross Production Tax-Oil
185,643,000
234,753,000
49,110,000
26.5%
Income Tax-Individual
1,829,463,079
1,912,165,239
82,702,160
4.5%
Income Tax-Corporate
202,812,075
263,017,950
60,205,875
29.7%
Estate Tax
0
0
0
0.0%
Insurance Premium tax
66,441,362
75,554,580
9,113,218
13.7%
Motor Vehicle Taxes
221,280,000
215,497,000
(5,783,000)
-2.6%
Sales Tax
1,747,397,999
1,796,073,232
48,675,233
2.8%
Use Tax
158,859,000
173,075,208
14,216,208
8.9%
Interest & Investments
96,000,000
80,000,000
(16,000,000)
-16.7%
Other (Schedule 3)
189,270,572
196,654,427
7,383,855
3.9%
General Revenue Totals
$5,235,274,811
$5,458,668,832
$223,394,020
4.3%
Transfers & Lapses
1,000,000
1,000,000
0
0.0%
Revenue Comparison
$5,236,274,811
$5,459,668,832
$223,394,020
4.3%
One-Time Receipts
0
0
0
0.0%
Total General Revenue
$5,236,274,811
$5,459,668,832
$223,394,020
4.3%
C.L.E.E.T.
$3,396,384
$3,368,528
($27,856)
-0.8%
COMM of LAND OFFICE
$10,432,906
$14,050,030
$3,617,124
34.7%
MINERAL LEASING
$3,000,000
$4,000,000
$1,000,000
33.3%
SPECIAL OCCUPATIONAL HEALTH & SAFETY
$1,548,500
$1,471,075
($77,425)
-5.0%
PUBLIC BUILDING
$1,457,280
$1,759,160
$301,880
20.7%
OK EDUCATION LOTTERY TRUST FUND
$60,587,100
$64,007,300
$3,420,200
5.6%
GRAND TOTAL
$5,316,696,981
$5,548,324,925
$231,627,943
4.4% Office of State Finance 8 20 December 2011
Schedule 7 Education Reform Act – HB 1017
SB 826 of the Second Regular Session of the Forty-fifth Legislature amended Section 41.29a of Title 62 to require that The Office of Accountability account for and report monthly revenues which accrue to the Education Reform Revolving Fund. The Education Reform Revolving Fund on June 1, 1996, began receiving revenue attributable to the revenue provisions of HB 1017 rather than these revenues first being apportioned to the General Revenue Fund..
EDUCATION REFORM ACT
Column 1
Column 2
Column 3
Column 4
Column 5
SOURCE
FY-2011 ACTUAL
FY-2012 ESTIMATE 17-Jun-11
FY2012 PROJECTED 20-Dec-11
PROPOSED FY-2013 ESTIMATE 20-Dec-11 5.25%
Income Tax - Individual
199,882,166
$209,168,201
$217,220,221
$226,590,878
Income Tax - Corporate
58,405,392
43,179,345
55,997,370
57,545,895
Sales Tax
208,716,657
218,607,620
224,697,118
234,825,849
Use Tax
18,782,793
19,874,000
21,652,514
23,397,765
Cigarette Tax
3,093,137
2,907,626
3,251,784
3,524,279
Tobacco Products Tax
392,340
364,548
458,629
495,517
Tribal Gaming
122,394,881
115,312,000
118,272,000
116,072,000
Special License Plates
239
0
0
0
Business Activity Tax
462,900
0
502,750
502,750
TOTAL – 100% OF ESTIMATE
$612,130,505
$609,413,339
$641,549,635
$662,452,182
Increase in FY-2013 proposed estimate over FY-2012 estimate
$53,038,843 Office of State Finance 9 20 December 2011
LEGISLATED REVENUE ADJUSTMENTS
Schedule 8 Legislated Revenue Adjustments: Informational ROADS Fund Apportionment Summary
Column 1
Column 2
Column 3
Column 4
Column 5
Legislated Adjustments for FY-2010 and FY-2011:
House Bill 2272, passed in the 2008 Legislative Session, amends Title 69, Section 1521 of the Oklahoma Highway Code. Effective July 1, 2009, for FY-2010, the Transportation Department will receive the total amount apportioned to the ROADS fund for the preceding fiscal year plus an additional $30 million each year until a cap of $370 million is reached.
Legislated Apportionment Comparison:
FY-2009 ESTIMATE 19-Feb-08
FY-2010 ESTIMATE 22-Dec-08
FY-2011 ESTIMATE 22-Dec-09
Apportionment to ROADS Fund
$137,500,000
$155,000,000
$185,000,000
Additional ROADS Fund
17,500,000
30,000,000
30,000,000
OK Tourism & Passenger Rail Rev. Fund
2,000,000
2,000,000
2,000,000
Public Transit Rev. Fund
3,000,000
3,000,000
3,000,000
Total Apportionment from Individual. Income Tax
$160,000,000
$190,000,000
$220,000,000
Legislated Adjustments for FY-2012 and FY-2013:
Senate Bill 1466, passed in the 2010 Legislative Session, amends Title 69, Section 1521 of the Oklahoma Highway Code. Effective July 1, 2011 for FY-2012 and for each fiscal year thereafter, the Transportation Department will receive the total amount apportioned to the ROADS fund for the preceding fiscal year plus an additional $35.7 million each year until a cap of $400 million is reached. Senate Bill 976, passed in the 2011 Legislative Session, amends Title 69, Section 1521 of the Oklahoma Highway Code. Effective August 26, 2011 for FY-2013 and for each fiscal year thereafter, the Transportation Department will receive the total amount apportioned to the ROADS FUND for the preceding fiscal year plus an additional $41.7 million each year until a cap of $435 million is reached..
FY-2012 ESTIMATE 21-Dec-10
Proposed FY-2013 ESTIMATE 20-Dec-11
Apportionment to ROADS Fund
$215,000,000
$250,700,000
Additional ROADS Fund
35,700,000
41,700,000
OK Tourism & Passenger Rail Rev. Fund
2,000,000
2,000,000
Public Transit Rev. Fund
3,000,000
3,000,000
Total Apportionment from Individual Income Tax
$255,700,000
$297,400,000
Office of State Finance 10 20 December 2011
Appendix A-1 Comparison of Authorized Expenditures 2011 Session to Proposed Expenditure Authority 2012 Session
Column 1
Column 2
Column 3
Column 4
Column 5
Authorized Expenditures* 2011 Session 17-Jun-11 FY-2012
Proposed Expenditure Authority** 2012 Session 20-Dec-11 FY-2013
Increase or (Decrease)
Percent Change
Non-Restricted Funds
General Revenue Fund
Certified
4,968,375,954
$5,264,837,594
$296,461,640
6.0%
Prior Year Certified
7,767,495
6,085,117
(1,682,378)
-21.7%
Cash
41,873,389
94,981,649
53,108,260
126.8%
TOTAL
5,018,016,838
$5,365,904,360
$347,887,522
6.9%
C.L.E.E.T. Fund
Certified
3,226,565
$3,200,102
($26,463)
-0.8%
Cash
0
308,914
308,914
0.0%
TOTAL
3,226,565
$3,509,016
$282,451
8.8%
Mineral Leasing Fund
Certified
2,850,000
$3,800,000
$950,000
33.3%
Cash
0
576,503
576,503
0.0%
TOTAL
2,850,000
$4,376,503
$1,526,503
53.6%
OHSA Fund
Certified
1,471,075
$2,375,000
$903,925
61.4%
Cash
1,236,425
1,141,381
(95,044)
-7.7%
TOTAL
2,707,500
$3,516,381
$808,881
29.9%
Public Building Fund
Certified
1,384,416
$1,669,416
$285,000
20.6%
Cash
1,039,907
3,846,690
2,806,783
269.9%
TOTAL
2,424,323
$5,516,106
$3,091,783
127.5%
Special Cash Fund
Cash
357,298,121
$0
($357,298,121)
-100.0%
357,298,121
$0
($357,298,121)
-100.0%
Bond Series- A
174
$5
($169)
-97.0%
Bond Series - B
71
2
(69)
-96.5%
TOTAL
245
$8
($237)
-96.9%
Subtotal Non-Restricted Funds
$5,386,523,592
$5,382,822,374
($3,701,218)
-0.1% Office of State Finance 11 20 December 2011
Appendix A-1 (continued) Comparison of Authorized Expenditures 2011 Session to Proposed Expenditure Authority 2012 Session
Column 1
Column 2
Column 3
Column 4
Column 5
Authorized Expenditures* 2011 Session 17-Jun-11 FY-2012
Proposed Expenditure Authority** 2012 Session 20-Dec-11 FY-2013
Increase or (Decrease)
Percent Change
Restricted Funds
Commission of the Land Office Fund
Certified
7,109,000
$16,060,620
$8,951,620
125.9%
Prior Year Certified
0
2,802,261
2,802,261
0.0%
Cash
0
0
0
0.0%
TOTAL
7,109,000
$18,862,881
$11,753,881
165.3%
OK Education Lottery Trust Fund
Certified
57,557,744
$57,496,233
($61,511)
-0.1%
Cash
6,599,564
7,843,356
1,243,792
18.8%
TOTAL
64,157,308
$65,339,589
$1,182,281
1.8%
Subtotal Restricted Funds
71,266,308
$84,202,470
$12,936,162
18.2%
Total-Restricted & Non-Restricted
$5,457,789,900
$5,467,024,845
$9,234,945
0.2%
Common Ed. Tech Fund
Revolving Fund Estimate
$47,372,299
$47,372,299
($0)
0.0%
OK Student Aid Fund
Revolving Fund Estimate
$47,372,299
$47,372,299
1. ($0)
0.0%
Higher Ed. Capital Fund
Revolving Fund Estimate
$47,372,299
$47,372,299
($0)
0.0%
1017 Fund
Revolving Fund Estimate
$634,894,569
$662,452,182
$27,557,613
4.3%
Tobacco Settlement Fund
Revolving Fund Estimate
$18,150,000
$5,000,000
($13,150,000)
-72.5%
State Judicial Revolving Fund
Revolving Fund Estimate
$52,000,000
$49,000,000
($3,000,000)
-5.8%
State Transportation Fund
Revolving Fund Estimate
$106,737,039
$206,405,702
$99,668,663
93.4%
Total
$6,411,688,405
$6,531,999,625
$120,311,220
1.9%
*Authorized Expenditures represent the total amount actually spent by the Legislature.
**Expenditure Authority represents the total amount that is available for the Legislature to spend. Office of State Finance 12 20 December 2011