Condition of the Fund
There are two pages prior to the reconciliation section of the Condition of the Fund. What is on those two pages?
Budgeted Revenues, Budgeted Expenditures
This reserve receives settlement funds from various companies such as Walmart, CVS, McKinsey, Purdue.
Opioid Abatement Reserve
How do reserves show up in the Gov Budget or NCGA committee report?
As a receipt! Think of the general fund as your checking account, and reserves as your savings account.
The Condition of the Fund can be found on this website
The OSBM Website!
When KWAG tells you that something should be funded by a reserve, what are the two trackers it should be recorded in?
- Reserve Tracker
-Individual Subcommittee Tracker
There are two different "types" of values making up the columns on the Condition of the Fund. What are those?
Actual, Budgeted
This reserve was most recently used to offset nonrecurring General Fund Appropriations
Stabilization and Inflation Reserve
Savings
The Most Recent Daily Cash Report can be found on this website
The OSC Website!
True or False: There is a section in the budget book that outlines all spending from statewide reserves.
False
How often do we do a new condition of the fund?
Whenever there is a bill that is impacting appropriations!
This reserve is for use in disasters, other emergencies, or disaster mitigation activities.
The State Emergency Response and Disaster Relief Fund (SERDRF)
Where can you access the current total amount of funds in reserve as of the current date?
1- Daily Cash
2- NCFS
True or False: You can find statewide reserve balances in IBIS.
False! Statewide Reserves are unbudgeted
True or False: Only specific agencies are able to receive funds from reserves.
False- all agencies can receive reserve funds.
True or False: You can find the most recent FY ending balances for all reserves on the Condition of the Fund
True
This reserve often houses incentives for companies that create jobs in North Carolina
Economic Development Project Reserve
What section of the Governor's Budget typically holds the statewide reserve appropriation provisions?
Section II
Where do you go if you need to find the UNAPPROPRIATED balance of a reserve?
Jackie- she keeps a spreadsheet that tracks this
Does the Longsheet show money going into reserves, money coming out of reserves, or both?
Money going into reserves.
Which three teams at OSBM work together on the Condition of the Fund?
-DEA
-BE
-BD
This reserve, named for a specific project, currently has approximately $283M in unappropriated funds
Wilmington Harbor Enhancements Reserve
Name 7 Statewide Reserves and their purpose
Various
Which report in NCFS will give you the current total reserve balance as well as changes by fiscal year?
NC Reserve Account Balances Report in NCFS (RPTCM030)
What is the purpose of spending out of a reserve vs. out of the General Fund?