State of South Carolina
BUDGETARY GENERAL FUND
Financial Highlights--Budgetary Basis of Accounting
Fiscal Year Ended June 30, 2000
Preliminary Information Subject to Audit
               
               
COMPUTATION OF SURPLUS
Unreserved Fund Balance–July 1, 1999:
   Designated for Appropriation in 1999–2000 ...................................................... $ 230,235,318
   Undesignated, Available for Appropriation.......................................................... 88,134,838
Unreserved Fund Balance–July 1, 1999........................................................... $ 318,370,156
Revenues............................................................................................................... 4,999,043,595
Less:  Expenditures...............................................................................................   5,070,915,569
   Excess of Revenues Over Expenditures........................................................... (71,871,974)
Other Additions/(Deductions):
   Transfer–In from Capital Reserve (per Bill H.3649)........................................... 6,500,000
   General Reserve Contribution............................................................................ (7,721,564)
   Appropriations Brought Forward From 1998–1999............................................ 175,091,335
   Appropriations Carried Forward to 2000–2001..................................................   (214,366,551)
      Total Other Additions/(Deductions).................................................................   (40,496,780)
SURPLUS AVAILABLE FOR DISTRIBUTION *......................................... $ 206,001,402
Bills H.4776 and H.3649 proposing the distribution of available budgetary surplus funds were approved by the General Assembly in June 2000.  This legislation is currently pending action by the Governor.
*
               
GENERAL RESERVE (RAINY DAY FUND)
Rainy Day Fund--Balance At June 30, 1999......................................................... $ 137,649,483
September 1, 1999 Contribution............................................................................ 7,721,564
Amount to be Contributed During 2000–2001 *.....................................................   2,545,350
EXPECTED RAINY DAY FUND FOR 2000-2001........................................ $ 147,916,397
               
APPROPRIATIONS AND EXPENDITURES
Original Appropriations.......................................................................................... $ 4,944,864,072
Appropriations Brought Forward From 1998–1999............................................... 175,091,335
Supplemental Appropriations:
   1999–2000 Appropriations Act Part IV (net of Governor's vetoes)..................... 216,624,698
   March 2000 Joint Resolution H.4660.................................................................. 8,314,155
   May 2000 Joint Resolution H.3699 (net of funding reduction)............................ 82,879,796
Open-Ended Appropriations.................................................................................. 13,159,474
Appropriation Reductions (per H.3649).................................................................   (10,033,660)
   Total Adjusted Appropriations........................................................................ 5,430,899,870
Less:  Expenditures............................................................................................... (5,070,915,569)
Less:  Capital Reserve Transfer........................................................................... (96,914,031)
Less:  Appropriations Carried Forward to 2000–2001..........................................   (214,366,551)
LAPSED APPROPRIATIONS......................................................................... $ 48,703,719
               
               
Published By James A. Lander, Comptroller General