Consolidated Fund Statement Budgetary Basis January 2015 Governor s Recommendations. January 27, 2015

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1 Consolidated Fund Statement Budgetary Basis January 2015 Governor s Recommendations January 27, 2015

2 Consolidated Fund Statement Budgetary Basis Background This document displays budgetary fund statements for the biennium as well as historical years and planning years. The budgetary fund statements do not represent the state s official financial report but rather are prepared as a supplement to budget and forecast documents. These statements are designed to summarize and display comparative budget data by fund for the budget period as prepared for the Governor s recommended budget. Budgetary Basis Defined Revenue, expenditure, transfer and fund balance information in these statements may differ from those in the state's GAAP based Comprehensive Annual Financial Report (CAFR). This occurs primarily because of differences in the recognition of accruals, reimbursements, deferred revenue, intrafund transactions and the budgetary basis of accounting for encumbrances. In the Comprehensive Annual Financial Report, expenditures are recognized when goods or services are received regardless of the year encumbered. In these budgetary fund statements, encumbrances are recognized as expenditures in the year encumbered. Report Structure The report includes three high level reports which present the aggregate net financial activities in all funds included in the statement, as follows: Revenues and Expenditures by Fund Revenues by Type and Expenditures by Bill Area Revenues by Sub-Type and Expenditures by Bill Area/Agency The remainder of the report includes the individual fund statements for the 37 funds most relevant to operating budget decision-making in the following major categories: General Fund Special Revenue Funds Permanent Trust Funds Select Debt Service Funds Accounts for all financial resources except those required to be accounted for in another fund. Accounts for the proceeds of specific revenue sources (other than expendable trusts or for major capital projects) that are legally restricted to expenditure for specific purposes. Constitutionally established funds receive revenue from investments and the sale of state land and timber for distribution to local school districts. Accounts for the accumulation of resources for, and the payment of, most general obligation long-term debt principal and interest.

3 What funds are excluded? The fund statements do not include all funds presented in the Comprehensive Annual Financial Report. The main fund types that are not included are: capital project funds, internal service funds, enterprise funds, debt service funds related to internal service funds, agency funds, pension funds, investment funds, component unit funds. Financial statements for these types of funds can be found in the Comprehensive Annual Financial Report. Transfers to the funds included in the statement from these excluded funds are included in the consolidated statements, in aggregate, as sources. Transfers from the funds included in the statement to these excluded funds are included in the consolidated statements, in aggregate, as uses.

4 Consolidated Fund Statement Table of Contents Consolidated Statements Revenues and Expenditures by Fund 1 Revenues by Type and Expenditures by Bill Area 4 Revenues by Sub-Type and Expenditures by Bill Area/Agency 5 Individual Fund Statements General Fund 10 Workforce Development Fund 42 Transit Assistance Fund 16 Endowment Fund 43 Medical Education and Research Fund 17 Gift Fund 44 Health Impact Fund 18 Municipal State Aid Street Fund 46 State Government Special Revenue Fund 19 County State Aid Highway Fund 47 Minnesota Resources Fund 21 Trunk Highway Fund 48 Special Revenue Fund 22 Highway Users Tax Distribution Fund 50 Agriculture Fund 26 State Airports Fund 52 Environment and Natural Resources Fund 27 Environmental Fund 53 Natural Resources Fund 29 Remediation Fund 55 Game and Fish Fund 31 Closed Landfill Investment Fund 57 Outdoor Heritage Fund 32 Maximum Effort School Loan Fund 58 Arts and Cultural Heritage Fund 33 Workers Compensation Fund 59 Clean Water Fund 34 Federal Fund 61 Parks and Trails Fund 36 Federal TANF Fund 64 Petroleum Tank Release Cleanup Fund 37 Debt Service Fund 65 Health Care Access Fund 38 Stadium Debt Service Fund 66 Iron Range Resources Fund 40 Endowment and Permanent School Fund 67 NE MN Economic Protection Trust Fund 41

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Consolidated Fund Statement Budgetary Basis 2018 November Forecast

Consolidated Fund Statement Budgetary Basis 2018 November Forecast This document is made available electronically by the Minnesota Legislative Reference Library as part of an ongoing digital archiving project. http://www.leg.state.mn.us/lrl/lrl.asp Consolidated Budgetary