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URL: http://checkbook.ohio.gov/State/Resources/GRF.aspx

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State General Revenue Fund

Putting government transparency at your fingertips.

State General Revenue Fund

Year End Balance

The General Revenue Fund (GRF) balance presentation shows the historical and estimated balances of the GRF through the current fiscal year on a cash basis and on a "fund" basis. The unencumbered and unobligated "fund" balance is calculated by deducting the amount reserved for prior year encumbrances and the amount reserved for obligations authorized by the General Assembly (i.e., designated transfers) from that fiscal year's ending cash balance.

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GRF Year End Balance
(5yr. History, Fiscal Years 2020-2024)

( $ in Thousands ) FY2021   FY2022   FY2023   FY2024   FY2025
 
Beginning Cash Balance1 1,270,177 4,721,519 6,547,038 8,990,659 2,141,622
Plus State Tax Receipts 26,466,889 28,152,524 28,915,687 27,944,536 29,096,470
Plus Non-Tax State Revenue 254,267 553,233 647,426 727,473 668,381
Plus Federal Revenues 12,727,184 11,897,309 12,931,384 12,645,652 14,182,719
Plus Transfers In 97,791 57,085 20,699 15,356 247,598
           
Total Sources 40,816,308 45,381,661 49,062,329 50,323,676 46,336,790
Less Disbursements 35,629,993 35,760,340 37,781,741 40,617,746 43,566,857
Less Transfers Out 464,960 3,074,283 2,289,930 7,564,307 757,305
           
Ending Cash Balance1 4,721,519 6,547,038 8,990,659 2,141,622 2,012,628
Reservations for Prior Year Encumbrances 689,255   883,540   1,633,516   1,050,466   -
 
Unencumbered Ending Cash Balance 4,032,265   5,663,498   7,357,143   1,091,156   2,012,628
0.5% Balance Requirement 197,731   203,301   212,576   206,665   220,976
 
Surplus Ending Balance & Disposition2 3,834,533   5,460,197   7,144,566   884,491   1,791,652
Reservations for Designated Transfers3 1,498,300   -   4,672,954   -   -
Transfer to the Budget Stabilization Fund -   -   -   -   -
Transfer to the Income Tax Reduction Fund -   -   -   -   -
Authorized Retained Balance4 2,336,233   5,460,197   2,471,612   884,491   1,791,652

1 Cash balance equals the amount of moneys available on a cash (non-accrual) basis to support appropriations, including authorized transfers and encumbrances. The beginning cash balance includes reservations for both prior year encumbrances and designated transfers from the prior year ending balance.

2 Surplus ending balance equals the ending cash balance less prior year encumbrances and less the 0.5% ending balance requirement of ORC Section 131.44.

3 Designated transfers are established in Acts passed by the General Assembly and include transfers to the unemployment compensation interest fund, medicaid reserve fund, disaster relief and emergency purposes funds, and other funds for one-time uses.

4 The authorized retained balance reflects monies set aside pursuant to law for specific purposes such as pre-funding the cost of the subsequent fiscal years income tax reductions. More information regarding disposition of the GRF surplus ending balance in a particular fiscal year is available on the OBM website in the July edition of that year's Monthly Financial Report.

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