| FUND FOR A HEALTHY MAINE (FHM) STATUS |
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Based on all actions through the close of the
fiscal year ending June 30, 2009 1 |
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FY 08 |
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FY 09 |
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| FHM RESOURCES: |
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| Revenue |
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December 2006 Base Revenue Estimate 2 |
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$60,408,950 |
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$62,815,948 |
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March 2007 Revenue Forecast |
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$167,761 |
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$239,938 |
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May 2007 Revenue Forecast |
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$616,945 |
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$1,104,291 |
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December 2007 Revenue Forecast |
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$159,415 |
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$1,466,401 |
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March 2008 Revenue Forecast |
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($78,318) |
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($12,000) |
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December 2008 Revenue Forecast |
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$0 |
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($1,228,388) |
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May 2009 Revenue Forecast |
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$0 |
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$3,887,564
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Revenue Variances (Actual minus Budgeted Revenue) |
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$769,906 |
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$135,982 |
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Subtotal -
Revenue |
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$62,044,659 |
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$68,409,736 |
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| Other Resources
and Adjustments |
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Adjustments to Prior Year Balances |
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$1,164,243
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$1,440,253 |
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Lapsed Balances from Unexpended Funds |
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$2,439,721 |
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$3,499,074 |
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Subtotal - Other
Resources and Adjustments |
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$3,603,965
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$4,939,327
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| Other Resources and Adjustments |
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Adjustments to Prior Year Balances |
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$0 |
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Lapsed Balances from Unexpended Funds |
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$0 |
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Subtotal - Other
Resources and Adjustments |
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$0 |
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$0 |
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| Total FHM
Resources |
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$65,648,624
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$73,349,062
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| FHM
ALLOCATIONS AND OTHER USES: 3 |
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| Transfers |
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Transfers - 123rd Legislature, 1st Regular Session |
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$0 |
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$0 |
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Supplemental Budget (LD 2289, PL 2007, c. 539) |
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$225,000 |
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$1,464,406 |
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Subtotal -
Transfers |
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$225,000
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$1,464,406
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| Allocations |
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2008-2009 Biennial Budget - Baseline Budget |
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$49,624,293 |
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$49,673,882 |
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2008-2009 Biennial Budget - Adjustments to Baseline
Budget |
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$11,287,243 |
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$14,079,520 |
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Other Legislation Enacted During 123rd Legislature, 1st
Regular Session |
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$150,000 |
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$0 |
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Supplemental Budget (LD 2289, PL 2007, c. 539) |
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$22,379
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$553,665 |
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Other Legislation Enacted During 123rd Legislature, 2nd
Regular Session |
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$0 |
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$0 |
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Legislation Enacted During 123rd Legislature, 1st
Special Session 4 |
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$0 |
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$0 |
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EFY09 Supplemental Budget (LD 45, PL 2009, c. 1) 5 |
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$0 |
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$5,252,296
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2010-2011 Biennial Budget Bill (LD 353, PL 2009, c. 213) |
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$0 |
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($1,560,738) |
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Subtotal -
Allocations |
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$61,083,915
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$67,998,625
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| Total
Allocations and Other Uses |
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$61,308,915
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$69,463,031
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| Net Change
(Resources minus Allocations and Other Uses) |
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$4,339,709
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$3,886,031
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BEGINNING BALANCE 1 |
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$3,619,946 |
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$7,959,655
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NET CHANGE (FROM ABOVE) |
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$4,339,709
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$3,886,031
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ENDING BALANCE 1 |
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$7,959,655 |
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$11,845,686 |
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| NOTES: |
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| 1 |
Reflects all
enacted legislation through the end of the 1st Regular Session of the 124th
Legislature and actual FY08 and FY09 ending balances, including all revenue
and expenditure variances and closing transactions for FY08 and FY09. |
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| 2 |
Under
the Master Settlement Agreement beginning in 2008 states began receiving
"strategic contribution payments" based on each settling state's
contribution to the original state tobacco litigation. Payments to Maine under this provision were
$10.5 million in FY08 and $10.8 million in FY09. |
| 3 |
For the purposes
of this summary, transfers out are treated as an expenditure/use and are
positive amounts, while transfers in are negative amounts. |
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| 4 |
PL 2007, c. 629,
"An Act To Continue Maine's Leadership in Covering the Uninsured,"
included a new $5 million allocation in FY09 to the Dirigo Health program.
This increased allocation is offset in the Act by a $5 million fund-wide
deallocation of funds to be distributed proportionately across fund programs
by the State Budget Officer after first applying any unexpended balance in
the Fund for a Healthy Maine as of June 30, 2008. |
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| 5 |
Includes a $5
million fund-wide allocation in FY09 to offset the $5 million fund-wide
deallocation included in PL 2007, c. 629.
Unanticipated revenue above estimated levels and unspent program funds
made this deallocation unnecessary. |
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