financial dashboard agenda item 2 attachment 1 page 1 of 6 board of forestry –november 7, 2012

Financial Dashboard

AGENDA ITEM 2 Attachment 1

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General Fund, $50,181,63117%

Lottery Fund, $2,542,314 1%

Other Fund, $197,855,66767%

Federal Funds, $44,278,675 15%

OREGON DEPARTMENT OF FORESTRY2011-13 LEGISLATIVELY APPROVED BUDGET

BY FUND-TYPE (Total $294,858,287)

Board of Forestry –November 7, 2012

Financial Dashboard

AMOUNT RECEIVED + CURRENT RECEIVABLES TO DATE VERSES PROJECTED BIENNIAL REVENUESShows a total of revenues received plus current receivables from July 1, 2011 through September 30, 2012, against the projected revenues for the 2011-13 biennium.

AGENDA ITEM 2Attachment 1

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OTHER PROGRAMS

AGENCY ADMINISTRATION

PRIVATE FORESTS

STATE FOREST LANDS

PROTECTION FROM FIRE

$- $60.000 $120.000

$32.309

$26.894

$38.767

$98.188

$114.517

$15.912

$23.633

$22.659

$45.058

$99.339

OREGON DEPARTMENT OF FORESTRYREVENUES TO DATE V. PROJECTED BIENNIAL REVENUES

2011-2013AMOUNTS SHOWN IN MILLIONS

(62.5% of the Biennium has Lapsed)

Revenues + Current Receivables

Legislatively Approved Revenues

86.75%

45.89%

58.45%

87.87%

49.25%

Percent of Revenue Received


Financial Dashboard

AMOUNT SPENT TO DATE VERSES BIENNIAL BUDGETShows total expenditures from July 1, 2011 through September 30, 2012 against the 2011-13 Legislatively Adopted Budget.


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OTHER PROGRAMS

AGENCY ADMINISTRATION

PRIVATE FORESTS

STATE FOREST LANDS

PROTECTION FROM FIRE

$- $60.000 $120.000

$30.825

$26.894

$38.130

$90.756

$108.254

$12.975

$15.291

$15.582

$38.229

$82.423

OREGON DEPARTMENT OF FORESTRYAMOUNT SPENT TO DATE V. BIENNIAL BUDGET

2011-2013AMOUNTS SHOWN IN MILLIONS

(62.5% of the Biennium has Lapsed)

Expended to Date

Legislatively Approved Budget

76.14%

42.12%

40.86%

56.86%

42.09%

Percent Spent


Financial Dashboard

CASH BALANCE IN MAIN CASH ACCOUNTShows the cash balance over the last fiscal year in comparison to current fiscal year on a monthly basis. This is the final cash balance at the end of the month. This account is where the cash for all the major programs of the Department are kept. NOTE: The dips in July, October, January and April are from timber revenues shared with the counties.


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$6.028

$13.322$13.460

$7.000$7.000

$6.888

$11.009

$14.878

$3.134

$14.519

$18.101

$12.897

$15.790

$18.539

$7.603 $9.770

$11.932

OREGON DEPARTMENT OF FORESTRYCASH ACCOUNT BALANCE

CURRENT MONTH TO DATE AMOUNTS SHOWN IN MILLIONS

Main Cash Acct FY13 Prudent Cash Balance Main Cash Acct FY12


Financial Dashboard

TIMBER HARVEST TAX REVENUES OVER THE LAST 8 BIENNIAShows Harvest Tax Revenues received by program over the last 8 biennia. These revenues are collected by the Department of Revenue from timber harvesters. The rates are set each legislative session.


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97-99 99-01 01-03 03-05 05-07 07-09 09-11 11-13

$3.842 $3.257 $2.334

$4.216 $4.215

$4.096 $4.286 $4.611

$5.099 $6.985 $6.945 $7.035 $5.455 $6.143 $6.619

$9.078

OREGON DEPARTMENT OF FORESTRYTIMBER HARVEST TAX REVENUES

OVER THE LAST 8 BIENNIAAMOUNTS SHOWN IN MILLIONS

OFLPF Revenue Forest Practices Revenue

BIENNIUM


Financial Dashboard


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STATE FORESTS FDF FUND BALANCE PROJECTION WITH 6 MONTHS OPERATING THRESHOLDReport shows the projected fund balance for the FDF fund over the next 6 fiscal years plus the projected operating costs over the same period. In FY 2013, revenues will continue to be outpaced by expenditures. The assumption is that the expenditures will continue to be more than the revenues in FY 2014, so the fund balance will continue to decline and the balance in the fund will be less than 6 months of operating costs at that point. In FY’s 2015 and 2016 revenues are projected to exceed expenditures by a slight amount, so the fund balance will increase, but it still remains below the 6 months operating costs threshold. The fund balance is again projected to decline in FY 2017 and FY 2018.

FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018$0.00

$5,000,000.00

$10,000,000.00

$15,000,000.00

$20,000,000.00

$25,000,000.00

OREGON DEPARTMENT OF FORESTRYSTATE FORESTS FOREST DEVELOPMENT FUND (FDF)

FUND BALANCE PROJECTION AMOUNTS SHOWN IN MILLIONS

Mil

lion

s of

Doll

ars

6 MONTHS OPERATING COST THRESHOLD


financial dashboard agenda item 2 attachment 1 page 1 of 6 board of forestry –november 7, 2012

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