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April GRF receipts miss estimate by 1.6%
file:///Y|/...l%20Revenue%20Collections%20OEMS/April%20GRF%20receipts%20miss%20estimate%20by%201_6%25.htm[5/20/2014 10:43:30 AM]
April GRF receipts miss estimate by 1.6%
State of Oklahoma Office of Management and Enterprise Services sent this bulletin at
05/13/2014 10:00 AM CDT
-- MEDIA RELEASE --
For Immediate Release
PRESTON L. DOERFLINGER
Director and Secretary
of Finance, Administration and
Information Technology
MARY FALLIN
Governor
State of Oklahoma
Office of Management and Enterprise Services
May 13, 2014
April GRF receipts miss estimate by 1.6%
YTD collections sufficient to avoid mandatory budget cuts
OKLAHOMA CITY — General Revenue Fund (GRF) collections in April totaled enough to push
year-to-date collections back within levels needed to avoid mandatory agency budget reductions.
“It was a make-or-break month and we just barely made it,” said Secretary of Finance,
Administration and Information Technology Preston L. Doerflinger. “April collections needed to be
within 95 percent of the estimate or agencies would have had mandatory across-the-board budget
reductions. April GRF collections were down, but came in at 98.4 percent of the estimate and are
sufficient to avoid forced budget reductions this month.”
As state government’s main operating fund, the GRF is the key indicator of state government’s
fiscal status and the predominant funding source for the annual state budget. Made up of nearly
70 revenue sources, the GRF is where all taxes flow except those dedicated to specific programs.
April GRF collections of $690.5 million were $10.5 million, or 1.5 percent, below prior year
collections and $11.2 million, or 1.6 percent, below the official estimate upon which the Fiscal Year
2014 appropriated state budget is based. FY 14 year-to-date GRF collections totaled $4.6 billion,
which is $3.3 million, or 0.1 percent, below prior year collections and $226.5 million, or 4.7
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Object Description
| Okla State Agency |
Management and Enterprise Services, Oklahoma Office of |
| Okla Agency Code |
'090' |
| Title | General revenue fund collections, 04/2014 |
| Authors |
Oklahoma. Office of Management and Enterprise Services. |
| Publication Date | 2014-05-13 |
| Publication type |
Financial Report |
| Purpose | April GRF receipts miss estimate by 1.6%: YTD collections sufficient to avoid mandatory budget cuts |
| For all issues click |
M500.6 G326r |
| Digital Format | PDF, Adobe Reader required |
| ODL electronic copy | Downloaded from agency website: http://content.govdelivery.com/accounts/OKOMES/bulletins/b7af44 |
| Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
| Language | English |
| Date created | 2014-05-23 |
| Date modified | 2014-05-23 |
| OCLC number | 890230354 |
Description
| Title | April 2014 1 |
| Full text | April GRF receipts miss estimate by 1.6% file:///Y|/...l%20Revenue%20Collections%20OEMS/April%20GRF%20receipts%20miss%20estimate%20by%201_6%25.htm[5/20/2014 10:43:30 AM] April GRF receipts miss estimate by 1.6% State of Oklahoma Office of Management and Enterprise Services sent this bulletin at 05/13/2014 10:00 AM CDT -- MEDIA RELEASE -- For Immediate Release PRESTON L. DOERFLINGER Director and Secretary of Finance, Administration and Information Technology MARY FALLIN Governor State of Oklahoma Office of Management and Enterprise Services May 13, 2014 April GRF receipts miss estimate by 1.6% YTD collections sufficient to avoid mandatory budget cuts OKLAHOMA CITY — General Revenue Fund (GRF) collections in April totaled enough to push year-to-date collections back within levels needed to avoid mandatory agency budget reductions. “It was a make-or-break month and we just barely made it,” said Secretary of Finance, Administration and Information Technology Preston L. Doerflinger. “April collections needed to be within 95 percent of the estimate or agencies would have had mandatory across-the-board budget reductions. April GRF collections were down, but came in at 98.4 percent of the estimate and are sufficient to avoid forced budget reductions this month.” As state government’s main operating fund, the GRF is the key indicator of state government’s fiscal status and the predominant funding source for the annual state budget. Made up of nearly 70 revenue sources, the GRF is where all taxes flow except those dedicated to specific programs. April GRF collections of $690.5 million were $10.5 million, or 1.5 percent, below prior year collections and $11.2 million, or 1.6 percent, below the official estimate upon which the Fiscal Year 2014 appropriated state budget is based. FY 14 year-to-date GRF collections totaled $4.6 billion, which is $3.3 million, or 0.1 percent, below prior year collections and $226.5 million, or 4.7 Receive Updates Share on facebookShare on twitterShare on google_plusone_shareShare on emailMore Sharing Services |
| Date created | 2014-05-23 |
| Date modified | 2014-05-23 |
