STATE OF CONNECTICUT OFFICE OF POLICY AND MANAGEMENT April 20, 2020 The Honorable Kevin Lembo State Comptroller 55 Elm Street Hartford, Connecticut 06106 Dear Comptroller Lembo: Section 4-66 of the General Statutes requires that my office provide information on the state’s General Fund for Fiscal Year 2020. An analysis of the Special Transportation Fund is also provided here due to the significance of this fund. Overview of Changes (in millions) General Fund Revenues Expenditures Change in April Est. Budget (as Estimate - Variance April April vs. Revised March from March Budget Dec. 2019) Estimate Estimate $ 19,564.4 $ 19,390.6 $ 18,888.9 $ (501.7) $ (675.5) 19,423.3 19,449.3 19,419.2 (30.1) (4.1) Operating Results - Surplus/(Deficit) $ 141.1 $ (58.6) $ (530.2) $ (471.6) $ (671.3) Budget Reserve Fund Deposit / (Withdrawal) $ 318.3 $ 259.7 $ (211.9) $ (471.6) $ (530.2) Proj. Balance 6/30/20 $ 2,823.8 $ 2,765.2 $ 2,293.6 $ (471.6) $ (530.2) Special Transportation Fund Revenues Expenditures $ 1,749.1 $ 1,683.9 $ 1,581.8 $ (102.1) $ (167.3) 1,710.3 1,723.2 1,717.6 (5.5) 7.3 Operating Results - Surplus/(Deficit) Proj. Fund Balance 6/30/20 $ $ 38.8 $ 358.9 $ (39.3) $ (135.8) $ 280.9 $ 184.4 $ (96.5) $ (174.6) (96.5) $ (174.5) General Fund The adopted budget anticipated a $141.1 million balance at year end. We are projecting an operating shortfall of $530.2 million, an increase of $471.6 million from last month’s forecast due largely to revised revenue estimates driven by the pandemic’s effect on the economy. The projected shortfall represents 2.7 percent of the General Fund. On March 10, 2020, Governor Lamont declared a public health emergency due to the spread of COVID-19 throughout the State. By and large, actions are being taken to support the Connecticut economy and the businesses therein through tax filing deferments consistent with federal actions. Action have also been taken to stabilize grants to providers, services and programs at a time where demand for such programs is high. These measures are coupled with increased programmatic supports that are necessary for COVID-19 response. Given the declaration of a public health emergency, the critical pandemic response measures and the timing thereof, the Governor is not offering expenditure reductions or revenue policy 450 Capitol Avenue · Hartford, Connecticut 06106-1379 www.ct.gov/opm changes to address the deficit. Any year-end deficit will, by operation of existing state law, be addressed through a transfer from the Budget Reserve Fund when the Comptroller closes the books for fiscal year 2020. The estimated rainy day fund balance at the start of FY 2020 is $2.5 billion, or about 13.0% of net General Fund appropriations. After closing the anticipated FY 2020 deficit, reserves are expected to be almost $2.3 billion by the beginning of FY 2021, or 11.4% of net General Fund appropriations for that year. The projected Budget Reserve Fund balance at year end is depicted below. Budget Reserve Fund Estimated BRF Ending Balance - FY 2019 (OSC Est. 9/30/19) (in millions) $ 2,505.5 Projected Operating Deficit - FY 2020 (OPM 04/20/20 Est.) Volatility Cap Deposit - FY 2020 (OPM 04/20/20 Est.) $ (530.2) 318.3 Estimated BRF Ending Balance - FY 2020 $ 2,293.6 Our estimates include anticipated state costs for the state’s pandemic response. The table attached to this letter outlines specific measures approved to date as part of that response, but it should be noted that agencies, particularly those with 24/7 operations, are incurring significant overtime and other personnel costs that may prove to be reimbursable through federal supplemental funding bills. As a result, we believe that our spending estimates may overstate the requirement for state funding in response to the pandemic. The federal government has enacted three emergency supplemental funding bills which will provide significant resources to the state. One of the vehicles for this relief is through a 6.2 percent increase in reimbursement for the Medicaid program, and this additional reimbursement is reflected in both our estimate of Medicaid spending as well as our revenue projection, as discussed later in this letter. Revenues Estimated revenues have been revised downward this month by $501.7 million due to the suspension of business activity in certain sectors and corresponding employee furloughs and layoffs wrought by the global pandemic. The largest revisions are in the Sales and Use Tax, down $281.3 million, and in the withholding component of the Personal Income Tax, down $120.7 million. The Corporation Tax has been revised downward by $71.9 million due to projected reduced corporate profitability affecting estimated payments. Indian Gaming Payments have been revised downward by $31.0 million due to the temporary closure of the state’s two casinos, and Transfers - Special Revenue have been revised downward by $15.8 million as lottery and keno sales have declined. Licenses Permits and Fees have been revised downward by $11.8 million primarily due to the extension of certain due dates in response to the pandemic, which will largely shift such revenue into FY 2021. Federal Grants have been revised upward by $46.8 million due to the increase in federal reimbursement from the enhanced Medicaid matching rate provided in the Families First Coronavirus Response Act. All other changes net to a negative $16.0 million. Most of the due date extensions that have been implemented by the Internal Revenue Service and the Department of Revenue Services (DRS) to assist tax filers impacted by the pandemic currently fall within the existing statutory revenue accrual period for this fiscal year for those tax-types, and therefore remittance delays are not expected to have a material impact on budgetary balance outside of small losses in interest income from the change in timing of collections. However, the state may seek a one-time extension to those accrual periods to allow the DRS adequate time to process returns and, in cases where no accrual period currently exists, to allow for such accrual on a one-time basis. The Office of the State Treasurer and the Office 2 of Policy and Management continue to monitor the cash flow impact of the timing changes, which are considerable but are currently manageable. As in past years, we anticipate releasing an updated forecast on April 30 after issuance of the consensus revenue estimate required under section 2-36c of the General Statutes. Unlike past years, however, the remittance deferments announced by the Internal Revenue Service and DRS to assist tax filers impacted by the pandemic will hamper our ability to forecast many tax revenue sources, including Personal Income Tax collections and associated refunds. Additionally, our ability to forecast the balance in the Budget Reserve Fund will be hampered due to delays in the Estimates and Finals component of the Personal Income Tax and the Pass-Through Entity Tax which are the components of the volatility cap. While our estimate this month does not include a decline in either tax source in FY 2020, our projection of a $318.3 million volatility deposit may be impacted if taxpayers reduce their estimated payments. However, my office is continually assessing the economic impacts of the pandemic on the state’s revenue streams and will report material developments in future forecasts. The adequacy of the Budget Reserve Fund will be critical for any necessary long-term recovery of state finances--the rapid deterioration of the BRF during the last recession necessitated years of budget cuts and tax increases. Expenditures We are projecting net expenditures will, in aggregate, be below the amended budget plan by $4.1 million, an improvement of $30.1 million from last month’s estimate due to revised estimates of lapses and deficiencies, explained below. Deficiencies. Projected shortfalls totaling $55.5 million are forecast in the following agencies: • Department of Economic and Community Development. A net $3,788,074 shortfall is projected in the Capital Region Development Authority account due to the effect of the COVID-19 pandemic. Event cancellations have impacted attendance and associated revenues at the Pratt and Whitney Stadium at Rentschler Field ($830,948), the XL Center ($1,842,301) and the CT Convention Center ($1,314,825). The overall shortfall is partially mitigated by lapses attributable largely to vacancies in the agency. • Department of Mental Health and Addiction Services. A net shortfall of $7.95 million is forecast. Other Expenses spending is $2.3 million over budget due largely to various facility maintenance and repair costs, and increased software licensing costs. Spending on contracted medical services in the Professional Services account is projected to have a $3.5 million deficiency due largely to use of contracted psychiatrists given difficulties recruiting for vacancies. The General Assistance Managed Care and Discharge and Diversion accounts are over budget by $1.25 million and $250,000 respectively due to client care costs. Shortfalls of $350,000 in the Behavioral Health Medications account and $1.8 million in Workers’ Compensation Claims are projected due to cost trends. The overall shortfall is partially mitigated by a $1.5 million Personal Services lapse due to vacancies. • Department of Correction. A total net shortfall of $19.0 million is projected. Other Expenses spending, inclusive of projected expenditures related to the pandemic, will result in a net shortfall of $3.9 million. A $15.1 million shortfall is projected in Inmate Medical Services largely due to outpatient services and pharmaceutical utilization trending higher than compared to last fiscal year. While the agency has transitioned its pharmacy provider, costs of pharmaceuticals have declined but are offset by increased utilization. Additionally, overtime costs for medical staff along with the use of temporary staffing are up compared to last fiscal year as the agency works to achieve appropriate staffing levels. • Public Defender Services Commission. A $370,000 deficiency is projected in the Assigned Counsel – Criminal account due to appropriations that are lower than prior year spending levels. • OSC – Fringe Benefits. A net shortfall of $23.5 million is forecast based on current cost trends, including projected shortfalls of $42.0 million in the State Employees’ Health Service Cost account to 3 • reflect higher than expected claims experience and premium costs, $4.0 million in the Employers’ Social Security Tax account, $1.4 million in the SERS Defined Contribution Match account, and $0.22 million in the Insurance – Group Life account. Partially offsetting these shortfalls are a projected lapse of $5.0 million in the Retired State Employees’ Health Service Cost account that is primarily the result of lower Medicare Advantage premiums attributable to the repeal of the federal health insurance tax; a $2.4 million lapse in the Unemployment Compensation account; a $2.7 million lapse in the Other Post Employment Benefits account; and a $14.0 million lapse in the Higher Education Alternate Retirement Program (ARP), which is attributable to 1,600 employees shifting from ARP to SERS as an outcome of a grievance award, as well as a one-time accounting transaction related to the July 1, 2019, change in how these costs are budgeted. DAS – Workers’ Compensation Claims. A $0.9 million shortfall is projected based on current claim trends. Our forecast includes an estimated $50.0 million in unappropriated expenditures for Adjudicated Claims. Existing law identifies the resources of the General Fund as the source for payments. Lapses. Our projections reflect the amounts currently withheld from agencies to achieve budgeted lapse targets. Additionally, the following sums totaling $129.0 million are estimated to remain unspent this fiscal year: • State Treasurer – Debt Service. A lapse of $14.0 million is expected in the Debt Service account due to savings achieved from the December 2019 General Obligation bond sale. • Personal Services. We are projecting a total of $10.82 million in lapsing Personal Services appropriations in the following agencies: o Office of Legislative Management - $4.0 million; o Auditors of Public Accounts - $350,000; o Commission on Women, Children, Seniors, Equity and Opportunity - $175,000; o Office of the State Treasurer - $48,000; o Office of the State Comptroller - $400,000; o Department of Revenue Services - $3.1 million; o Department of Veterans Affairs - $300,000; o Office of the Attorney General - $400,000; o Division of Criminal Justice – a net $720,000; o Department of Consumer Protection - $490,000; o Department of Agriculture - $350,000; o Agricultural Experiment Station - $40,000; o Office of Health Strategy - $100,000; o State Library - $275,000; and o Office of Higher Education - $70,000. • Election Enforcement Commission, Office of State Ethics, Freedom of Information Commission. These agencies are projected to lapse $125,000, $100,000 and $140,000, respectively, reflective of spending trends. • Office of Policy and Management. A total lapse of $1,664,000 is forecast, with $475,000 in Personal Services, $300,000 in the Property Tax Relief for Veterans account, $244,000 in the Tax Relief for Elderly Renters account, and $20,000 in the Property Tax relief Elderly Freeze Program due to reduced claims. The MRDA account will lapse $425,000 due to startup delays. Additionally, $200,000 will lapse in the Project Longevity account as no statutory authority exists for a budgeted grant to Waterbury. 4 • • • • • • • • • • • • • Department of Administrative Services. A net lapse of $1.8 million is projected. A lapse of $2.5 million in Personal Services due to vacancies and $1.7 million in the Rents and Moving account are offset by a $2.4 million shortfall in the Insurance and Risk Management account due to cost trends. Department of Labor. A total of $590,000 will lapse, with $50,000 in the Jobs First Employment Services account, $250,000 in the Healthcare Apprenticeship Initiative account and $290,000 in the Workforce Training Authority account due to startup delays. Department of Energy and Environmental Protection. A total of $745,000 will lapse across a variety of accounts based on current expenditure trends. Department of Housing. A $1.2 million lapse is forecast in the Housing / Homeless account as a result of natural placement delays. Department of Public Health. A net total of $457,490 is projected to lapse across several accounts based on current expenditure trends. Department of Developmental Services. A net lapse of $10.5 million is forecast. A shortfall of $1.7 million in Other Expenses is due to appropriations that are less than prior year spending levels. This shortfall is more than mitigated by lapses, with $3.7 million in Personal Services due to vacancies, $7.0 million in the Behavioral Services Program account as a result of more individuals being supported in their own homes rather than in more expensive residential settings, and $1.5 million across the Emergency Placements and ID Partnership accounts based on current expenditure trends. Department of Social Services. A net lapse of $64.5 million is forecast. A projected $46.5 million lapse is forecast in the Medicaid account after accounting for $92.6 million in Medicaid costs related to the pandemic response which are more than offset by increased federal reimbursement provided under Public Law 116-127. Other pandemic costs totaling $1.1 million are offset by lapses totaling more than $19 million across Personal Services, Other Expenses and other various accounts. Department of Aging and Disability Services. A total of $900,000 is projected to lapse, with $200,000 in Personal Services due to vacancies, $600,000 in the Employment Opportunities – Blind and Disabled account due to program efficiencies and programmatic restructuring that occurred in FY 2018 and which have contributed to lapses the last two years, and the remainder across other accounts based on current cost trends. State Department of Education. A total of $4.56 million will lapse across several accounts based on current expenditure trends. Office of Early Childhood. A net lapse of $625,000 is projected in the Early Care and Education account to reflect actual costs for early child care slots. Teachers’ Retirement Board. A total lapse of $1.75 million is forecast. Of this sum, $1.5 million is projected to lapse in the Retirees Health Service Cost account due to lower than budgeted premiums that take effect January 1, 2020, resulting from reduced pharmacy trends. Additionally, $200,000 will lapse in the Municipal Retiree Health Insurance Costs account based on current expenditure trends and $50,000 will lapse in Personal Services. Department of Children and Families. A net total of $6.795 million is projected to lapse across a variety of accounts, with the majority of this in the Board and Care for Children – Short-term and Residential account as a result of recent caseload reductions. Judicial Department. A net total of $7.58 million will lapse, with $6.7 million in Personal Services due to vacancies and the remainder in the Juvenile Justice Outreach Services account. Special Transportation Fund The adopted budget anticipated a $38.8 million balance from operations, while we project a $135.8 million operating deficit by year end, due primarily to an $102.1 million downward revision in projected revenues 5 compared to last month as discussed further below. We project that the Transportation Fund balance on June 30, 2020, will be $184.3 million. Revenues Estimated revenues have been revised downward by $102.1 million which is primarily a result of significant declines in global oil prices coupled by the effects of the coronavirus pandemic. The Motor Fuels Tax has been revised downward by $26.5 million due to significant declines in consumption resulting from increased telecommuting and social distancing orders which we assume will continue through the month of May. The Oil Companies Tax has been revised downward by $18.0 million as a result of continued declines in the price of oil. The Sales and Use Tax has been revised downward by $26.3 million, consistent with revisions made in the General Fund. Motor Vehicle Receipts have been revised downward by $20.0 million primarily due to the extension of vehicle license and registration remittance dates in response to the pandemic which will shift such revenue into FY 2021. All other changes net to a negative $11.3 million. Expenditures Estimated expenditures are projected to be $7.4 million above the budget plan, an improvement of $5.5 million from last month’s estimate. Additional requirements total $10.3 million, with a net $6.32 million in the Department of Transportation’s Rail Operations account, reflective of current cost trends; a net $2.975 million in the active employee healthcare account managed by the State Comptroller; and $1.0 million in the DAS Insurance and Risk Management account based on several large payouts. Offsetting these projected shortfalls are lapses totaling $14.9 million, with $10 million in Debt Service as a result of a delay in the date of the fall bond sale, $3.5 million in the Department of Motor Vehicles’ Personal Services account due to vacancies, and $1.4 million in the DAS – Workers’ Compensation Claims account based on current expenditure trends. It should be noted that the impact of the pandemic on transit ridership and associated fare collections, as well as the amount of farebox relief provided by the federal emergency supplemental funding bills, is still being assessed and may materially impact future projections. As the final quarter of the fiscal year nears conclusion, the estimates offered by my office will continue to be revised to reflect the impact of changes in the economy and revenue collections, expenditure patterns, and/or other factors. Sincerely, Melissa McCaw Secretary Attachments: COVID Responses – Budget Impact Summary Statements, FY 2020 Revenue and Expenditures 6 COVID-19 Response Items - Funding Sources and Budget Impact Funding Source Total Cost - Expenditure or (Revenue Loss) Gross Cost Gross Cost Agency SFY 2020 Item Gross Total SFY 2021 Unassigned State State SFY 2020 SFY 2021 Federal - CRF Federal - T-XIX 1. DSS60000 Medicaid service increase to reflect anticipated volume (est.) $ 52,200,000 $ 52,200,000 $ 15,900,000 $ 36,300,000 2. DSS60000 Suspend Medicaid eligibility discontinuances for 3 months $ 12,900,000 $ 12,900,000 $ 4,600,000 $ 8,300,000 3. DSS60000 Reflect new Medicaid enrollment due to AHCT's special open enrollment period $ 33,200,000 $ 119,400,000 $ 152,600,000 $ 10,000,000 $ 40,300,000 4. DSS60000 Provide uninsured persons with coverage for COVID-19 - Citizens $ 12,600,000 $ 6,300,000 $ 18,900,000 $ 9,600,000 $ 4,800,000 $ 4,500,000 5. 6. 7. 8. $ $ $ $ 5,900,000 340,000 100,000 1,200,000 $ $ $ $ 3,000,000 - $ $ $ $ 8,900,000 340,000 100,000 1,200,000 $ $ $ 2,700,000 80,000 100,000 $ $ $ 1,400,000 - $ 4,800,000 DSS60000 DSS60000 DSS60000 DSS60000 Provide uninsured persons with coverage for COVID-19 - Non-Citizens Waive HUSKY B copays Waive Medicare Part D (Rx) copays for dually eligible population Suspend cash assistance discontinuances (TFA, State Supplement, SAGA) $ 190,000 $ 770,000 $ 960,000 $ 870,000 $ 430,000 $ 1,300,000 $ 360,000 Provide rate increases for existing nursing homes and establish COVID-specific rate for 11. DSS60000 facilities exclusively serving nursing home patients with COVID-19 $ 12. DSS60000 Provide interim payments to FQHCs to assist with cash flow $ 58,490,000 6,000,000 $ (18,740,000) $ $ (6,000,000) $ 39,750,000 - $ $ 42,190,000 6,000,000 9. DSS60000 Suspend 21 month time limit for TFA/JFES 10. DSS60000 Provide additional flexibilities under home and community-based services waivers $ 980,000 $ - $ 980,000 $ 980,000 $ 14. DSS60000 Provide pandemic rate increase for private intermediate care facilities (ICF/IIDs) Use DSS' non-emergency medical transportation vendor (Veyo) to assist with meals15. DSS60000 on-wheels deliveries $ 1,640,000 $ - $ 1,640,000 $ 1,020,000 $ 16. DSS60000 Expand service array under Community First Choice to include agency-based PCAs Provide 90-day supply for most prescription drugs and more flexible pharmacy early 17. DSS60000 refill TBD $ - $ TBD State share @ enhanced FMAP (+6.2%) in FY 20 only; assumes 24,230 new enrollees with 90% staying on Medicaid until 12-month redetermination $4.5m of gross costs are 100% federally funded; balance is 100% state funded. Note: DSS is on hold, pending further federal guidance Assumes majority of costs will be reimbursable at 56.2% $ 260,000 Approved for 3 months (Note: Suspension of time limit impacts both FY 21 and FY 22, with add'l costs of $570k in FY 22) 960,000 $ 690,000 Approved for 3 months (with one-month retro where applicable) Advances will be recouped in FY 21 $20,970,000 Includes interim payment in April to be recouped in FY 21. Approved for 3 months. - (270,000) Notes State share @ enhanced FMAP (+6.2%) State share @ enhanced FMAP (+6.2%). Approved for 3 months 1,200,000 $ (23,410,000) $ (6,000,000) 13. DSS60000 Provide pandemic rate increase for residential care homes (RCHs) TBD 250,000 Philanthropy $ 102,300,000 $ $ Federal - Other $ 890,000 $ 28,300 Includes interim payment in April to be recouped in FY 21. Approved for 3 months. TBD $ 31,500 $ 15,800 $ 47,300 $ 11,000 $ 8,000 $ - $ - $ - $ - $ - 18. DSS60000 Waive SNAP requirement for face-to-face interviews Waive SNAP requirements – extend certification periods by 90 days, suspend collection of most SNAP overpayments, issue supplemental benefits to all existing 19. DSS60000 SNAP households 20. DSS60000 Waive TFA requirement for face-to-face interviews and assessments 21. DSS60000 Expand telehealth under Medicaid 22. DSS60000 Provide additional flexibilities under section 1135 waiver authority $ - $ - $ - Fiscal impact expected to be minimal No state cost--federally funded program. Federal approval received $ $ $ $ - $ $ $ $ - $ $ $ $ - No state cost--federally funded program. Federal approval pending No additional cost anticipated No additional cost anticipated No additional cost anticipated 23. DSS60000 Provide additional flexibilities to home care recipients of 1915(i) state plan services 24. DSS60000 Provide interim payments to home health agencies to assist with cash flow 25. DSS60000 Expedite Medicaid payments to hospitals when possible School-Based Health Centers – no kids will be getting services while schools are 26. DPH48500 closed, but staff need to be paid Day programs - need to pay providers for not working in order to ensure staff are still 27. DDS50000 in place when day programs reopen $ $ $ - $ $ $ - $ $ $ - No additional cost anticipated Payments will be recouped in FY 20 $ - $ - $ - No additional cost anticipated $ - $ - $ - No additional cost anticipated $ - 28. DDS50000 Cost of providing first shift in residential programs if day programs are closed Allowable costs for expenses vs. returning the payments because services were not 29. DDS50000 delivered Allowable costs for expenses vs. returning the payments because services were not 30. MHA53000 delivered Allowable costs for expenses vs. returning the payments because services were not 31. DCF91000 delivered 32. DCF91000 Foster care - expanded day care opportunities if both foster parents work Staff residential programs for children in Group Homes during the day due to school 33. DCF91000 closures 34. OEC64800 Daycare outside of hospitals Some cost expected, amount unclear $ - $ - $ - No additional cost anticipated $ - $ - $ - No additional cost anticipated $ - $ - $ - No additional cost anticipated $ - $ $ 75,000 4,008,940 $ - $ $ Some cost expected, not anticipated to be significant based on experience to date 75,000 4,008,940 $ Page 1 of 3 75,000 $ $5,000 per week, assumes 15 weeks 4,008,940 OPM reestimate of agency proposal COVID-19 Response Items - Funding Sources and Budget Impact Funding Source Total Cost - Expenditure or (Revenue Loss) Gross Cost Gross Cost Agency SFY 2020 Item Gross Total SFY 2021 35. OEC64800 Suspend collection of family fees - Birth to Three program $ 375,000 $ 375,000 36. OEC64800 Childcare for frontline workers $ 10,000,000 $ 10,000,000 37. DOH46900 Homeless shelter decompression initiative $ 7,500,000 $ 7,500,000 Unassigned $ State State SFY 2020 SFY 2021 Federal - CRF Federal - T-XIX Federal - Other 375,000 $ $ Notes Assumes 3 months Cap at $10M, for six weeks with limit at 85% SMI. Source: CCDBG, PL 116-136 Division B Title VIII Assumes 3 months. FEMA has approved reimbursement @ 75% 7,500,000 Assumes 3 months. FEMA has approved reimbursement @ 75%. If necessary, DSS may be able to accommmodate state share within existing appropriations. 38. DSS60000 Domestic violence shelter decompression $ 660,000 $ 660,000 39. BOR77700 Student Refunds, Online Conversion Costs and Donated Equipment $ 27,291,084 $ 27,291,084 40. BOR77700 Student Refunds, Online Conversion Costs and Donated Equipment $ 3,960,420 $ 3,960,420 41. UOC67000 Student refunds (housing, dining, parking) 42. CME49500 Refrigerated space for decedent remains $ $ 10,750,423 16,000 $ $ 10,750,423 16,000 $ 16,000 43. DOC88000 Central purchase of Personal Protective Equipment and other supplies 44. MIL36000 State Active Duty to staff the Emergency Operations Center $ $ 75,000,000 150,000 $ $ 75,000,000 150,000 $ $ 75,000,000 150,000 45. DPH48500 CDC Cooperative Agreement for Emergency Response: Public Health Crisis Response $ 9,309,998 $ - $ 9,309,998 $ 9,309,998 46. DPH48500 Epidemiology and Laboratory Capacity $ 500,000 $ - $ 500,000 $ 500,000 FEMA has approved reimbursement @ 75% Increased from $50,000 State and local Covid 19 response activities will be reimbursed from federal emergency supplemental funding; $2.5m will be utilized to reimburse local health authorities. Supplements pre-existing grant under the Epidemiology and Laboratory Capacity Cooperative Agreement ($4,075,639). To support DPH Covid19 direct costs in areas of State Public Health Laboratory, Epidemiology, Healthcare Associated Infections 734,403 National Bioterrorism Hospital Preparedness Program. $186,440 each for federally designated Special Pathogen Treatment Centers @ YNHH and HH. Balance for DPH direct costs and other hospital needs. 47. 48. 49. 50. 51. DPH48500 DAS23000 DAS23000 DAS23000 SOS12500 Hospital preparedness Architectural support for hospital capacity expansion IT support for teleworking (VPN capacity, etc.) Cleaning and other facility costs Cost of publishing various Executive Orders $ $ $ $ $ 734,403 90,000 154,000 1,100,000 305,000 $ - $ $ $ $ $ $ 10,000,000 Philanthropy $ 734,403 90,000 154,000 1,100,000 305,000 52. DCP39500 Waive casino payment of regulatory costs during closure 53. DPS32000 Use of interpreters during the Governor's pandemic response briefings 54. JUD95000 PPE, cleaning and disinfecting, and other response costs $ $ $ 584,126 38,000 1,540,000 $ - $ $ $ 584,126 38,000 1,540,000 Procure housing for certain Level 1 Constant employees of 24/7 agencies to enable 55. DVA21000 physical distancing with those with whom they share living arrangements $ 235,000 $ - $ Procure housing for certain Level 1 Constant employees of 24/7 agencies to enable 56. DPS32000 physical distancing with those with whom they share living arrangements $ 1,400,000 Procure housing for certain Level 1 Constant employees of 24/7 agencies to enable 57. DDS50000 physical distancing with those with whom they share living arrangements $ Procure housing for certain Level 1 Constant employees of 24/7 agencies to enable 58. MHA53000 physical distancing with those with whom they share living arrangements $ $ $ $ $ $ 584,126 660,000 27,291,084 $ 10,750,423 3,960,420 90,000 154,000 1,100,000 305,000 $ $ 38,000 1,540,000 235,000 $ 235,000 $ 1,400,000 $ 1,400,000 1,700,000 $ 1,700,000 $ 1,700,000 2,000,000 $ 2,000,000 $ 2,000,000 Page 2 of 3 $ $ CARES funding (HEER) received directly by the agency. Does not include revenue losses. Estimate may vary when USDOE guidance becomes available. Does not include revenue losses. HEER. Does not include projected FY21 revenue loss at UConn and UConn Health. GF will pay the full payroll and fringe benefit costs for six pay periods through end of FY 20 (March 26th - June 18th payrolls), as well as indirect costs and OE, due to agreement with casinos to defer true-up of costs until the August 2020 assessment. COVID-19 Response Items - Funding Sources and Budget Impact Funding Source Total Cost - Expenditure or (Revenue Loss) Gross Cost Gross Cost Agency SFY 2020 Item Gross Total SFY 2021 Unassigned State State SFY 2020 SFY 2021 Federal - CRF Procure housing for certain Level 1 Constant employees of 24/7 agencies to enable 59. DOC88000 physical distancing with those with whom they share living arrangements $ 6,000,000 $ 6,000,000 $ 6,000,000 Procure housing for certain Level 1 Constant employees of 24/7 agencies to enable 60. DCF91000 physical distancing with those with whom they share living arrangements 61. OEC64800 Provide technical support and resources to family day care providers 62. OEC64800 Suspend Birth-to-Three Age Outs at 36 months and continue services $ $ $ 500,000 1,316,573 120,000 $ $ $ 500,000 1,316,573 120,000 $ 500,000 $ 120,000 63. DSS60000 Suspend Birth-to-Three Age Outs at 36 months and continue services $ 180,000 $ 180,000 $ 80,000 64. DPH48500 Ryan White HIV/AIDS Program Part B COVID19 Response $ 203,981 $ 203,981 $ $ $ 459,615,248 459,615,248 (800,000) (400,000) $ $ 65. Var State agencies purchase of laptops and other equipment to facilitate telework Subtotal -Additional Expenditures $ 354,439,448 Approved $ 354,439,448 $ 105,175,800 $ 105,175,800 $ $ - Federal - T-XIX 17,078,000 17,078,000 $ 104,508,420 $ 104,508,420 Philanthropy $ $ $ $ Federal - Other 100,000 $ 178,878,300 $ 178,878,300 $ 203,981 $ $ 59,049,889 59,049,889 $ $ Notes 1,316,573 Administered through EdAdvance Approved for April and May Approved for April and May. State share @ enhanced FMAP (+6.2%) Source: CARES Act. Must be used for services, activities, and supplies needed to prevent or minimize the impact of COVID-19 on RWHAP clients. Approved if within existing agency CEPF allocations and as part of normal equipment refresh. 5,325,513 5,325,513 $ $ 94,775,126 94,775,126 (800,000) (400,000) $ $ (800,000) (400,000) Cash flow impact, loss of interest Cash flow impact, loss of interest Revenue Items 66. 67. DRS DRS Pass-through Entity Tax - Delay March 15, 2020 payment date to July 15, 2020 Corporation Tax - Delay May 15, 2020 payment date to July 15, 2020 $ $ 68. DRS Unrelated Business Income - Delay May 15, 2020 payment date to July 15, 2020 $ (4,000) $ (4,000) $ (4,000) Cash flow impact, loss of interest 69. DRS Indian Gaming Payments - Defer March 15 & April 15, 2020 Payment until May & June $ (84,000) $ (84,000) $ (84,000) Cash flow impact, loss of interest 70. DRS Personal Income Tax - Delay April 15 final payment date to July 15 $ (2,686,935) $ (2,686,935) $ (2,686,935) Cash flow impact, loss of interest. Assumes shifted revenue will accrue to FY20 71. DRS Personal Income Tax - Delay April 15 1st estimate payment to July 15 $ (400,350) $ (400,350) $ (400,350) Cash flow impact, loss of interest. Assumes shifted revenue will accrue to FY20 72. 73. 74. DRS DMV DRS Personal Income Tax - Delay June 15 2nd estimate payment to July 15 LPF & MVR - Delay Various Licenses and Registrations by 90 Days Sales and Use Tax - Waive 10 cent plastic bag fee through May 15 $ (238,850) $ (20,000,000) $ $ (900,000) $ $ $ (238,850) (900,000) $ (238,850) $ (20,000,000) $ $ (900,000) 75. 76. DRS DPH Sales and Use Tax - Delay 3/31 & 4/30 payment date to May 31, ann. liab <$150k LPF - Delay Various Licenses $ (200,000) $ (10,000,000) $ $ $ (200,000) - $ (200,000) $ (10,000,000) $ 77. DRS Gift Tax - Delay April 15 final payment date to July 15 $ (100,000) $ (100,000) $ (100,000) 78. 79. DRS DRS LPF - Extend Term for On-Premise Liquor License by 4 months Corporation Tax - Delay June 15 2nd estimated payment to July 15 $ $ (1,800,000) (236,000) $ $ (1,800,000) (236,000) $ $ (1,800,000) (236,000) 80. 81. DRS DRS Unrelated Business Income - Delay June 15 2nd estimated payment to July 15 Pass-through Entity Tax - Delay June 15 2nd estimated payment to July 15 $ $ (149,000) $ $ (149,000) $ $ (149,000) 82. DRS Estate Tax - Delay payments due from 4/1-7/15 to July 15 (88,000) (8,087,135) (8,087,135) 20,000,000 10,000,000 $ (88,000) Subtotal - Revenue Loss $ (38,087,135) $ Approved $ (38,087,135) $ 30,000,000 30,000,000 $ $ $ Grand Total Impact $ 392,526,583 Total - Approved $ 392,526,583 75,175,800 75,175,800 $ $ $ $ 467,702,383 467,702,383 20,000,000 Cash flow impact, loss of interest Per order of DPH Commissioner 10,000,000 Cash flow impact, loss of interest. Assumes shifted revenue will accrue to FY20 $ $ - $ (88,000) $ (38,087,135) $ $ (38,087,135) $ $ $ - $ 132,862,261 $ 132,862,261 Page 3 of 3 Cash flow impact, loss of interest. Assumes shifted revenue will accrue to FY20 STF. Shift of revenue from FY20 to FY21 Revenue loss for 1.5 months 30,000,000 30,000,000 $ $ - $ (12,922,000) $ 104,508,420 $ (12,922,000) $ 104,508,420 $ $ - $ 178,878,300 $ 178,878,300 $ $ $ $ 59,049,889 59,049,889 $ $ $ $ 5,325,513 5,325,513 One-time revenue loss due to extension Cash flow impact, loss of interest Cash flow impact, loss of interest - included in Corp. Tax figure above Cash flow impact, loss of interest Cash flow impact, loss of interest. Assumes accrual Summary of Changes April 20, 2020 State of Connecticut Summary of Changes General Fund and Special Transportation Fund Projected to June 30, 2020 As of March 31, 2020 (In Millions) General Fund Operating Balance - Prior Month Revenues Personal Income Tax - Withholding Sales and Use Tax Corporation Tax Transfers - Special Revenue Indian Gaming Payments Licenses, Permits, Fees Federal Grants Revenue All Other Changes (net) Expenditures Additional Requirements Estimated Lapses Miscellaneous Adjustments/Rounding $ (120.7) (281.3) (71.9) (15.8) (31.0) (11.8) 46.8 (16.0) (501.7) (10.8) 40.9 0.0 30.1 Operating Deficit - FY 2020 Budget Reserve Fund Fund Balance as of June 30, 2019 Volatility Cap Deposit FY 2020 Est. Balance from Operations $ $ 318.3 (530.2) Estimated Fund Balance - June 30, 2020 Fund Balance as Percentage of FY 2021 General Fund Special Transportation Fund Fund Balance as of June 30, 2019 Expenditures Additional Requirements Estimated Lapses Miscellaneous Adjustments/Rounding Estimated Fund Balance - June 30, 2020 (530.2) 2,505.5 (211.9) $ 2,293.6 11.4% $ 320.1 Operating Balance - Prior Month Revenues Motor Fuels Tax Oil Companies Tax Sales and Use Tax Motor Vehicle Receipts All Other Changes (net) (58.6) (39.3) (26.5) (18.0) (26.3) (20.0) (11.3) (102.1) 5.1 0.4 0.0 5.5 $ 184.3 Statement 1 April 20, 2020 State of Connecticut General Fund Statement of Revenues, Expenditures, and Results of Operations Projected to June 30, 2020 As of March 31, 2020 (In Millions) REVENUE Taxes Less: Refunds Taxes - Net Other Revenue Other Sources TOTAL Revenue EXPENDITURES Initial Current Year Appropriations Prior Year Appropriations Continued to FY 2020 2. TOTAL Initial and Continued Appropriations Appropriation Adjustments 3. TOTAL Adjusted Appropriations Net Additional Expenditure Requirements Estimated Appropriations Lapsed Estimated Appropriations to be Continued to FY 2021 2. TOTAL Estimated Expenditures General Assembly 1. Budget Plan Revised Estimates OPM $ 18,445.1 (1,411.7) $ 17,033.4 1,288.2 1,138.6 $ 19,460.2 $ 17,945.7 (1,650.2) $ 16,295.5 1,260.1 1,333.3 $ 18,888.9 $ $ 19,528.3 $ 19,528.3 164.5 $ 19,692.8 104.2 $ 19,797.0 $ $ 19,528.3 $ 19,528.3 (209.2) $ 19,319.1 55.5 (318.8) $ 19,533.7 Net Change in Fund Balance - Continuing Appropriations Miscellaneous Adjustments/Rounding Net Change in Unassigned Fund Balance - 6/30/2020 Over/ (Under) $ $ $ 164.5 164.5 104.2 268.7 $ 55.5 (109.6) 214.6 $ (164.5) (50.0) $ 141.1 $ (530.2) (499.4) (238.5) (737.9) (28.1) 194.7 (571.3) (164.5) (50.0) $ (671.4) 1. P.A. 19-117. Note that CGS Sec. 2-33c limits appropriations in FY 2020 to 99.5% of General Fund revenue. As a result, the $141.1 million budgeted surplus is comprised of $97.3 million due to this 99.5% limitation, plus a $43.8 million operating surplus. Pursuant to Sec. 50 of P.A. 19-117, $30.0 million of the operating surplus is available for use toward a potential settlement of hospital litigation. Section 50 also makes available $160.0 million of FY 2019 surplus for a total of $190.0 million to effectuate a settlement, and further specifies that the General Assembly Budget Plan be modified to reflect any adjustments to revenue or expenditures that might be necessary as a result of such settlement. 2. CGS Sec. 4-89 and other statutory provisions. 3. PA 19-1 of the December Special Session increased appropriations by $104.2 million to support costs associated with the hospital settlement. Statement 2 April 20, 2020 State of Connecticut General Fund Revenue Estimates Projected to June 30, 2020 As of March 31, 2020 (In Millions) General Assembly Budget Plan 1. TAXES Personal Income - Withholding Personal Income - Estimates and Finals Sales and Use Corporation Pass-through Entity Tax Public Service Corporations Inheritance and Estate Insurance Companies Cigarettes Real Estate Conveyance Alcoholic Beverages Admissions and Dues Health Provider Tax Miscellaneous TOTAL - TAXES Less: Refunds of Taxes Earned Income Tax Credit R & D Credit Exchange TOTAL - TAXES - NET OTHER REVENUE Transfers - Special Revenue Indian Gaming Payments Licenses, Permits, Fees Sales of Commodities and Services Rents, Fines, Escheats Investment Income Miscellaneous Refunds of Payments TOTAL - OTHER REVENUE Revised Estimates OPM Over/ (Under) 6,910.5 2,762.5 4,444.1 1,099.8 850.0 237.7 165.8 203.3 344.7 217.4 68.9 41.9 1,050.1 48.4 $ 18,445.1 (1,309.3) (97.3) (5.1) $ 17,033.4 $ 6,759.8 2,462.5 4,191.0 987.9 1,150.0 237.7 210.8 218.3 344.7 217.4 68.9 36.9 1,040.1 19.7 $ 17,945.7 (1,544.3) (97.3) (8.6) $ 16,295.5 $ (150.7) (300.0) (253.1) (111.9) 300.0 45.0 15.0 (5.0) (10.0) (28.7) $ (499.4) (235.0) (3.5) $ (737.9) $ 368.0 226.0 341.2 30.2 158.5 52.6 178.1 (66.4) 1,288.2 $ 342.2 200.0 329.4 27.2 154.0 52.6 226.1 (71.4) $ 1,260.1 $ 1,526.0 136.0 (205.1) (318.3) 1,138.6 $ 1,647.9 136.0 (132.3) (318.3) $ 1,333.3 $ $ $ 18,888.9 $ (571.3) $ $ OTHER SOURCES Federal Grants Transfer from Tobacco Settlement Fund Transfers From/(To) Other Funds Transfers to BRF - Volatility Adjustment 2. TOTAL - OTHER SOURCES $ TOTAL - GENERAL FUND REVENUE $ 19,460.2 $ $ 1. Sec. 386 of P.A. 19-117. 2. The volatility cap for FY 2020 is $3,294.2 million. Total revenue from the Estimates and Finals portion of the Personal Income Tax and the Pass-through Entity Tax that exceeds the volatility cap will be deposited into the Budget Reserve Fund. (25.8) (26.0) (11.8) (3.0) (4.5) 48.0 (5.0) (28.1) 121.9 72.8 194.7 Statement 3 April 20, 2020 State of Connecticut - General Fund Appropriation Adjustments - Net Additional Requirements Projected to June 30, 2020 As of March 31, 2020 Department of Economic and Community Development Department of Mental Health and Addiction Services Department of Correction Public Defender Services Commission OSC - Fringe Benefits DAS - Workers' Compensation Claims $ 3,788,074 7,950,000 19,000,000 370,000 23,520,000 900,000 Total $ 55,528,074 Statement 4 April 20, 2020 State of Connecticut General Fund Estimated Lapses Projected to June 30, 2020 As of March 31, 2020 Unallocated Lapse Unallocated Lapse - Judicial Statewide Hiring Reduction - Executive Contracting Savings Initiatives Pension and Healthcare Savings (pension portion) Pension and Healthcare Savings (healthcare portion) Office of Legislative Management Auditors of Public Accounts Commission on Women, Children, Seniors, Equity & Opportunity Secretary of the State Elections Enforcement Commission Office of State Ethics Freedom of Information Commission Office of the State Treasurer Office of the State Comptroller Department of Revenue Services Office of Policy and Management Department of Veterans Affairs Department of Administrative Services Office of the Attorney General Division of Criminal Justice Department of Consumer Protection Department of Labor Department of Agriculture Department of Energy and Environmental Protection Department of Housing Agricultural Experiment Station Department of Public Health Office of Health Strategy Department of Developmental Services Department of Social Services Department of Aging and Disability Services State Department of Education Office of Early Childhood Connecticut State Library Office of Higher Education Teachers' Retirement Board Department of Children and Families Judicial Department OTT - Debt Service $ 10,113,143 5,000,000 7,000,000 4,510,350 115,780,000 47,420,000 4,000,000 350,000 175,000 130,000 125,000 100,000 140,000 48,000 400,000 3,100,000 1,664,000 300,000 1,800,000 400,000 720,000 490,000 590,000 350,000 745,000 1,200,000 40,000 457,490 100,000 10,500,000 64,540,102 900,000 4,560,000 625,000 275,000 70,000 1,750,000 6,795,000 7,580,000 14,000,000 Total $ 318,843,085 Statement 5 April 20, 2020 State of Connecticut FY 2020 General Fund Monthly Summary of Operations (In Millions) REVENUE Appropriations 2. Additional Requirements Less: Estimated Lapses TOTAL - Estimated Expenditures Operating Balance Misc. Adjustments/Rounding Est. Operating Balance - 6/30/20 Budget Plan 1. July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 $ 19,460.2 $ 19,460.2 $ 19,460.2 $ 19,460.2 $ 19,375.7 $ 19,459.2 $ 19,427.2 $ 19,427.2 $ 19,390.6 $18,888.9 19,528.3 19,528.3 19,528.3 19,528.3 19,528.3 19,632.5 19,632.5 19,632.5 19,632.5 19,632.5 0.0 0.0 37.8 37.8 51.5 53.5 56.4 60.8 44.7 55.5 (210.2) (210.0) (214.5) (233.8) (242.9) (251.2) (278.0) (318.8) (209.2) (209.2) 19,319.1 19,319.1 19,355.9 19,356.1 19,365.3 19,452.1 141.1 141.1 104.3 104.1 10.4 7.1 (18.8) (14.8) (8.6) (480.2) (15.0) (20.0) (25.0) (30.0) (30.0) (40.0) (40.0) (50.0) (50.0) $84.3 $79.1 ($19.6) ($22.9) ($58.8) ($54.8) ($58.6) ($530.2) 0.0 $141.1 $126.1 19,446.0 1. P.A. 19-117. 2. Reflects gross General Fund appropriations based on PA 19-117 through October. November based on PA 19-1 of the December Special Session. 19,442.0 19,399.2 19,369.1 April 2020 May 2020 June 2020 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 $0.0 Statement 1T April 20, 2020 State of Connecticut Special Transportation Fund Analysis of Budget Plan Projected to June 30, 2020 As of March 31, 2020 (In Millions) General Assembly 1. Budget Plan Revised Estimates OPM Over/ (Under) Fund Balance as of June 30, 2019 $ 315.1 $ 320.1 $ REVENUE Taxes Less: Refunds of Taxes Taxes - Net Other Revenue TOTAL - Revenue $ 1,330.1 (14.3) 1,315.8 433.3 $ 1,749.1 $ 1,212.6 (30.3) 1,182.3 399.5 $ 1,581.8 $ (117.5) (16.0) (133.5) (33.8) $ (167.3) $ 1,740.6 $ 1,740.6 33.3 $ 1,773.9 $ 1,773.9 $ EXPENDITURES Appropriations Prior Year Appropriations Continued to FY 2020 2. TOTAL Initial and Continued Appropriations Appropriation Adjustments TOTAL Adjusted Appropriations Net Additional Expenditure Requirements Estimated Appropriations Lapsed Estimated Appropriations to be Continued to FY 2021 2. TOTAL Estimated Expenditures $ 1,740.6 $ 1,740.6 (30.3) $ 1,710.3 Net Change in Fund Balance - Continuing Appropriations Miscellaneous Adjustments/Rounding 10.3 (33.2) $ 1,750.9 5.0 $ 33.3 33.3 33.3 $ 10.3 (2.9) 40.7 $ (33.3) - (33.3) - Net Change in Unassigned Fund Balance - FY 2020 $ 38.8 $ (135.8) $ (174.7) Estimated Fund Balance - June 30, 2020 $ 353.9 $ 184.3 $ (169.7) 1. P.A. 19-117. Note that CGS Sec. 2-33c limits appropriations in FY 2020 to 99.5% of Special Transportation Fund revenue. As a result, the $38.8 million budgeted surplus is comprised of $8.7 million due to this 99.5% limitation, plus a $30.1 million operating surplus. 2. CGS Sec. 4-89 and other statutory provisions. Statement 2T April 20, 2020 State of Connecticut Special Transportation Fund Revenue Estimates Projected to June 30, 2020 As of March 31, 2020 (In Millions) General Assembly Budget Plan 1. TAXES Motor Fuels Oil Companies Sales & Use Tax Sales Tax DMV TOTAL - TAXES Less: Refunds of Taxes TOTAL - TAXES - NET OTHER REVENUE Motor Vehicle Receipts Licenses, Permits, Fees Interest Income Federal Grants Transfers (To)/From Other Funds Refunds of Payments TOTAL - OTHER REVENUE TOTAL - SPECIAL TRANSPORTATION FUND REVENUE 1. Sec. 387 of P.A. 19-117, as adjusted by provisions of P.A. 19-165. $ $ $ $ $ 507.2 322.9 414.3 85.7 1,330.1 (14.3) 1,315.8 280.1 145.5 36.1 12.1 (35.5) (5.0) 433.3 1,749.1 Revised Estimates OPM $ $ $ $ $ 483.9 255.0 389.7 84.0 1,212.6 (30.3) 1,182.3 260.1 145.5 22.3 12.1 (35.5) (5.0) 399.5 1,581.8 Over/ (Under) $ (23.3) (67.9) (24.6) (1.7) (117.5) (16.0) $ (133.5) $ $ (20.0) (13.8) (33.8) $ (167.3) Statement 3T April 20, 2020 State of Connecticut Special Transportation Fund Appropriation Adjustments - Net Additional Requirements Projected to June 30, 2020 As of March 31, 2020 Department of Administrative Services Department of Transportation OSC - Fringe Benefits Total $ 1,000,000 6,320,000 2,975,000 $ 10,295,000 Statement 4T April 20, 2020 State of Connecticut Special Transportation Fund Estimated Lapses Projected to June 30, 2020 As of March 31, 2020 $ Unallocated Lapse Pension and Healthcare Savings (pension portion) Pension and Healthcare Savings (healthcare portion) Department of Motor Vehicles Department of Energy and Environmental Services OTT - Debt Service DAS - Workers' Compensation Claims Total $ 15,720,000 2,580,000 3,500,000 25,000 10,000,000 1,400,000 33,225,000 Statement 5T April 20, 2020 State of Connecticut FY 2020 Special Transportation Fund Monthly Summary of Operations (In Millions) Budget Plan 1. July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 Beginning Balance 2. $ 315.1 $ 315.1 $ 320.1 $ 320.1 $ 320.1 $ 320.1 $ 320.1 $ 320.1 $ 320.1 $ 320.1 Revenue 1,749.1 1,749.1 1,749.1 1,749.1 1,732.7 1,732.7 1,730.3 1,730.3 1,683.9 1,581.8 Total Available 2,064.2 2,064.2 2,069.2 2,069.2 2,052.8 2,052.8 2,050.4 2,050.4 2,004.0 1,901.9 Appropriations 1,740.6 1,740.6 1,740.6 1,740.6 1,740.6 1,740.6 1,740.6 1,740.6 1,740.6 1,740.6 Additional Requirements 0.0 0.0 0.0 0.0 7.0 18.3 20.2 20.8 15.4 10.3 Less: Estimated Lapses (30.3) (30.3) (30.3) (30.3) (41.7) (30.2) (31.5) (32.3) (32.8) (33.2) TOTAL - Estimated Expenditures Operating Balance Misc. Adjustments/Rounding Estimated Operating Balance 6/30/20 1,710.3 1,710.3 1,710.3 1,710.3 1,705.9 1,728.7 1,729.3 1,729.1 1,723.2 1,717.6 38.8 38.8 38.8 38.8 26.8 4.0 1.0 1.2 (39.3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $353.9 $353.9 $358.9 $359.0 $347.0 $324.2 $321.2 $321.4 $280.9 $184.3 (135.8) April 2020 May 2020 June 2020 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 $0.0 1. P.A. 19-117. 2. Budget plan and July as estimated by the Office of Policy and Management based on the Comptroller's August 1, 2019 letter. August based on OSC preliminary closing balance for FY 2019. September and thereafter per the Comptroller's September 30, 2019 letter.