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Bureau budget staff report strong fund reserves but warn FisCal reporting limits temporarily obscure full figures
Summary
Budget analysts briefed the advisory council on revenues, reserves and FisCal reporting limitations; the bureau holds several months of reserves across programs and staff said they will continue manual reconciliations until system reporting improves.
Budget staff told the advisory council the bureau’s special‑fund operations are in a healthy position but that state accounting system limitations (FisCal) currently constrain automated reporting. Paul McDermott, the bureau’s budget analyst, and Robert Dela Estreus (bureau budget manager) presented a three‑year average projection and year‑to‑date extractions while DCA resolves FisCal data issues.
Summary of fund positions. Using manual extracts and a three‑year averaging approach to compensate for incomplete system pulls, staff reported the following rough fund conditions: the electronic/appliance repair program (BEAR) was approximately 23 percent spent…
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