Rainy Day Fund Balance
COUNTER-CYCLICAL REVENUE and ECONOMIC STABILIZATION FUND
IC 4-10-18
(Millions of Dollars)
|
Estimated |
Estimated |
Estimated | ||||||||||||||||
|
FY 1999 |
FY 2000 |
FY 2001 | ||||||||||||||||
|
Resources: |
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|
Balance at July 1 |
496.1 |
524.5 |
535.1 | |||||||||||||||
|
Interest Earned During Fiscal Year (1) |
22.3 |
23.6 |
24.1 | |||||||||||||||
|
Transfer from GF Revenue per formula (2) |
112.4 |
- |
- | |||||||||||||||
|
Repayment of Loan Principal |
0.7 |
0.7 |
0.4 | |||||||||||||||
|
Total Resources: |
631.5 |
548.8 |
559.6 | |||||||||||||||
|
Uses: |
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|
Transfer to GF - Budget Stabilization |
- |
- |
- | |||||||||||||||
|
Transfer Excess Balance to PTRF (2) |
107.0 |
13.7 |
- | |||||||||||||||
|
Fund Balance at June 30 |
524.5 |
535.1 |
559.6 | |||||||||||||||
|
Total Uses: |
631.5 |
548.8 |
559.6 | |||||||||||||||
|
Maximum Fund Balance (3) |
524.5 |
535.1 |
562.4 | |||||||||||||||
|
Loans Outstanding |
1.1 |
0.4 |
0.0 | |||||||||||||||
|
Notes: |
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(1) Earned interest is interest reported by the State Treasurer for the fiscal year on investments and includes the payment of interest on loans made from the fund. |
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(2) Transfers made pursuant to IC 4-10-18-3. |
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(3) The maximum allowable fund balance equals 7% of fiscal year General Fund (excluding PTRF) revenues. |
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Totals may not add due to rounding. |
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