Rainy Day Fund Balance
IC 4-10-18
(Millions of Dollars)
Estimated | Estimated | Estimated | ||||||||||||||||
FY 1999 | FY 2000 | FY 2001 | ||||||||||||||||
Resources: | ||||||||||||||||||
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: | ||||||||||||||||||
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: | ||||||||||||||||||
(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. | ||||||||||||||||||
(2) Transfers made pursuant to IC 4-10-18-3. | ||||||||||||||||||
(3) The maximum allowable fund balance equals 7% of fiscal year General Fund (excluding PTRF) revenues. | ||||||||||||||||||
Totals may not add due to rounding. | ||||||||||||||||||