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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

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  • 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

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