BUDGET IN BRIEF · PDF file Pari-Mutuel 0.5 0.0% Court Receipts 2.3 0.0% Other 24.2 0.3% TOTAL OTHER SOURCES $287.9 3.0% TOTAL GENERAL FUND REVENUES** $9,473.4 100.0% * Source: Office

BUDGET IN BRIEF

COLORADO GENERAL ASSEMBLY

JOINT BUDGET COMMITTEE

FISCAL YEAR 2014-15

STATE OF COLORADO JOINT BUDGET COMMITTEE

REPRESENTATIVES: Crisanta Duran, Chair Jenise May STAFF DIRECTOR: Cheri Gerou John Ziegler

SENATORS: Pat Steadman, Vice-Chair Mary Hodge Kent Lambert

200 East 14th Avenue, 3rd Floor LEGISLATIVE SERVICES BUILDING

Denver, CO 80203 http://www.tornado.state.co.us/gov_dir/leg_dir/jbc/jbchome.htm

Telephone 303-866-2061

We are pleased to present the annual Budget in Brief, which includes financial facts and other information about Colorado government agencies and programs. The purpose of this booklet is to answer some of the most frequently asked questions about the state budget. More detailed information regarding state funding decisions made during the 2014 regular legislative session is available in the Fiscal Year 2014- 15 Appropriations Report.

We hope you find this Budget in Brief helpful. We would appreciate any feedback regarding the format, the information included, and suggestions for future editions.

Sincerely,

John A. Ziegler Staff Director

TABLE OF CONTENTS

Introductory Information: Glossary 1

State Operating Budget 3

General Fund Revenues 5

Cash Fund Revenues 6

State Employees 7

General Fund Appropriation Restrictions 8

Summaries by Department:

Agriculture 10

Corrections 11

Education 12

Governor 14

Health Care Policy & Financing 15

Higher Education 17

Human Services 19

Judicial Department 21

Labor & Employment 22

Law 23

Legislative Department 24

Local Affairs 25

Military & Veterans Affairs 26

Natural Resources 27

Personnel 28

Public Health & Environment 29

Public Safety 30

Regulatory Agencies 31

Revenue 32

State 33

Transportation 34

Treasury 35

Capital Construction 36

Department Contact Information:

Legislative Liaisons 38

GLOSSARY

Capital Construction Fund: A fund that receives transfers

from the General Fund and Lottery Fund for capital

construction purposes. This fund is used to build, renovate,

and repair state buildings, to purchase major equipment, and

to acquire land. Appropriations from this fund are exempt

from the fiscal year spending limit imposed by Article X,

Section 20 of the Colorado Constitution (also known as the

Taxpayer's Bill of Rights or TABOR), because they authorize

expenditures from a reserve.

Cash Funds: Specific funds created to receive earmarked

revenues, such as fees and fines. These funds typically pay

for the programs for which the revenues are collected. For

example, the Highway Users Tax Fund.

C.R.S.: Colorado Revised Statutes, the compilation of

Colorado laws.

Federal Funds: Funds from the federal government. Some

federal funds are grants for limited purposes, while other

federal funds support ongoing state-federal programs and may

require matching state funds.

FTE: One full-time equivalent (FTE) equals one staff

position filled for approximately 2,080 hours during a fiscal

year. For example, two employees in two different positions

whose combined hours equal 2,080 for a fiscal year equal one

FTE.

General Fund: A fund into which general tax revenues, such

as state sales and income tax revenues, are deposited. The

General Fund is used to pay for state programs which benefit

the majority of state citizens, such as education and

corrections.

1

General Fund revenue and expenditures are subject to state

constitutional and statutory restrictions. Article X, Section 20

of the Colorado Constitution (Taxpayer's Bill of Rights),

which was adopted by voters in 1992, limits state and local

governments' ability to collect and spend revenue without

voter approval. Section 24-75-201.1, C.R.S., restricts total

state General Fund appropriations to an amount equal to 5.0

percent of Colorado personal income.

Long Bill: Colorado's annual general appropriations act,

which provides most of the funding to support state

government operations.

Reappropriated Funds: Reappropriated funds are amounts

of General Fund, cash funds, or federal funds that are

appropriated more than one time in the same fiscal year. For

example, funding may be initially appropriated to a

department as federal funds, then appropriated to another

agency for the payment of services. In the recipient agency's

Long Bill appropriation, this is shown as reappropriated

funds.

2

* Includes the Governor's Office, the Legislature, and the

Department of Personnel.

Note: Although the Department of Transportation did receive

a General Fund appropriation in FY 2014-15, its share of

General Fund is less than 0.0% and therefore is not present in

the General Fund pie chart above.

3

State Operating Budget - FY 2014-15

($ in millions)

Funding Source

Total

Approp.

% of

Total General Fund $8,916.0 36.3% Cash Funds 6,986.0 28.4% Reappropriated Funds 1,444.1 5.9% Federal Funds 7,237.0 29.4% TOTAL* $24,583.1 100.0%

Program

Total

Approp.

% of

Total Human Services / Health Care $9,778.1 39.8% Education (K-12) 5,251.2 21.4% Higher Education 3,442.7 14.0% Corrections / Judicial 1,423.0 5.8% Transportation 1,283.2 5.2% General Government** 500.3 2.0% Other 2,904.5 11.8% TOTAL* $24,583.1 100.0%

Program

General

Fund

% of

Total Education (K-12) $3,357.9 37.7% Health Care / Human Services 3,046.5 34.2% Corrections / Judicial 1,164.5 13.1% Transportation 0.7 0.0% Higher Education 762.0 8.5% General Government** 82.1 0.9% Other 502.4 5.6% TOTAL* $8,916.0 100.0%

* Totals may not sum due to rounding.

** Includes the Governor's Office, the Legislature, and the

Department of Personnel.

4

State General Fund Revenues - FY 2014-15

Estimate* ($ in millions)

General Fund Sources Amount

% of

Total

INCOME TAXES: Net Individual Income Tax $6,112.8 64.5% Net Corporate Income Tax 774.9 8.2% Less Amount Credited to

State Education Fund (516.6) (5.5)% TOTAL INCOME TAXES $6,371.1 67.3%

EXCISE TAXES: Sales $2,474.7 26.1% Use 247.1 2.6% Liquor 40.9 0.4% Cigarette 34.6 0.4% Tobacco Products 17.1 0.2% TOTAL EXCISE TAXES $2,814.4 29.7%

OTHER SOURCES: Insurance $226.3 2.4% Interest Income 25.3 0.3% Gaming 9.3 0.1% Pari-Mutuel 0.5 0.0% Court Receipts 2.3 0.0% Other 24.2 0.3% TOTAL OTHER SOURCES $287.9 3.0%

TOTAL GENERAL FUND

REVENUES** $9,473.4 100.0%

* Source: Office of State Planning and Budgeting's March

2014 The Colorado Outlook. This forecast was used as the

basis for the FY 2014-15 budget.

** Totals may not sum due to rounding.

5

State Cash Fund Revenues - FY 2014-15

Estimate* ($ in millions)

Cash Fund Sources Amount

% of

Total

Transportation-related** $1,142.5 43.2%

Hospital Provider Fees 545.3 20.6%

Severance Tax 250.2 9.5%

Limited Gaming Fund 91.5 3.5%

Regulatory Agencies 74.2 2.8%

Insurance-related 24.4 0.9%

All Other 519.1 19.6%

TOTAL CASH FUND

REVENUES*** $2,647.2 100.0%

* Source: Office of State Planning and Budgeting's March

2014 The Colorado Outlook.

** Transportation-related revenues are primarily from fuel

taxes, vehicle registration fees, and license and permit

issuance fees.

*** Totals may not sum due to rounding.

6

Distribution of Colorado State Employees

as Appropriated by the General Assembly

FY 2014-15

Department

Number of

FTE* % of Total

Higher Education 23,455.2 42.7%

Corrections 6,212.2 11.3%

Human Services 4,906.1 8.9%

Judicial 4,528.3 8.2%

Transportation 3,326.9 6.1%

Public Safety 1,688.3 3.1%

Natural Resources 1,444.0 2.6%

Military Affairs 1,391.2 2.5%

Revenue 1,322.0 2.4%

Public Health & Environment 1,265.0 2.3%

Governor's Office 1,071.6 2.0%

Labor & Employment 1,016.5 1.9%

Other 3,308.8 6.0%

TOTAL FTE 54,936.1 100.0%

* FTE - Full-time equivalent of one position continuously

filled for an entire year.

7

State Restrictions on

FY 2014-15 General Fund Appropriations

Section 24-75-201.1 (1) (a) (II.5), C.R.S.

Restrictions on General Fund Appropriations

($ in millions)

Calendar Year 2012 Colorado

Personal Income $237,500.0

Multiplied by 5.0 percent x 0.05

Limit on FY 2014-15 Appropriations $11,875.0

FY 2014-15 General Fund

Appropriations $9,019.5

Less Exempt Appropriations (251.9)

FY 2014-15 Appropriations

Subject to Restrictions $8,767.6

Over/(Under) Statutory Restrictions ($3,107.4)

8 9

DEPARTMENT OF AGRICULTURE John Salazar, Commissioner

Phone: 303-869-9000

FY 2014-15 Appropriation

Total Fund