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Staff details cash reconciliation, proposed transfers including $62.8M bond‑levy closeout and $60M fire fund boost
Summary
Legislative staff reviewed the cash‑reconciliation report, outlined proposed transfers in the governor's recommendation (including a $62.8 million bond-levy equalization closeout and a $60 million transfer to fire suppression), and explained executive carry‑forward and reappropriation mechanics.
Keith Bybee of the Legislative Services Office walked committee members through the cash‑reconciliation tables in the legislative budget book, describing how the FY2025 and FY2026 reconciliations move from total cash on hand and projected revenues to transfers, appropriations, and projected ending cash balances.
Bybee explained two mechanics that affect available cash: reappropriation (legislative authorization to spend money appropriated in a prior fiscal year but not yet spent) and executive carry‑forward (administrative authority to carry obligations from one fiscal year into the next when contracted items or purchases span years). He cited roughly $16 million of reappropriation on the general fund for FY2025 and about $44.4 million in executive carry‑forward obligations in the governor's cash reconciliation example.
On transfers, Bybee said the governor’s recommendation includes a transfer of $62.8 million back to the general fund following the statutory closeout of the prior bond levy equalization program (House Bill 521) and a proposed $60 million transfer to a fire‑suppression deficiency warrant account to fund fire response. He also described transfers previously authorized for road and surface transportation projects and noted $311 million requested by the Idaho Transportation Department in the agency request that the governor incorporated in part.
Committee members asked clarifying questions about the bond‑levy closeout funds and how those relate to the state's recent school‑bonding program. Bybee said HB 521 ended the former bond‑levy equalization program and created a new state‑level bonding structure; the cash remaining in the old program’s fund is to be transferred back to the general fund per the statute. He noted the mechanics are complex and committed to follow‑up answers where members asked for additional contracting or timing detail.
Why it matters: transfers and closeouts change the pool of cash available for appropriations and for savings; the committee will decide whether to follow the governor’s transfer recommendations, change the levels, or repurpose cash for legislative priorities.
What’s next: staff said more detailed fund and program pages are on SharePoint and analysts will supply follow‑up detail about specific transfers and prior expenditures when requested.
