2021 Plan of Finance Amortization
General Fund Financial Plan as of September 8, 2021
OF
STATE O
1959
HAWAI
The State's General Fund Financial Plan Shows Recurring Budgetary Balance and Record Reserves
Adj. Act.
FY 2020
Est.
Est.
Est.
FY 2021
FY 2022
FY 2023
Est.
FY 2024
Est.
FY 2025
Est.
FY 2026
Est.
FY 2027
($ in millions)
REVENUES
Executive Branch:
-6.3%
Tax revenues
$6,694.7
8.1%
$7,250.4
Nontax revenues
1,562.2
Judicial Branch revenues
28.2
1,721.5
31.1
Other revenues/adjustments:
TOTAL REVENUES
$8,285.1
$9,003.0
6.3%
$7,707.0
740.3
27.2
(41.1)
$8,433.4
4.0%
$8,015.3
750.7
27.2
(105.1)
$8,688.1
4.0%
$8,335.9
767.1
27.2
4.0%
$8,669.4
783.8
27.2
4.0%
$9,016.1
887.0
27.2
4.0%
$9,376.8
907.8
27.2
$9,130.3
$9,480.3
$9,930.3
$10,311.8
EXPENDITURES
Executive Branch:
Operating
CIP
Specific appropriation/CB
Other expenditures/adjustments
Sub-total Exec Branch
Legislative Branch
Judicial Branch
OHA
Counties
Lapses
TOTAL EXPENDITURES
REV. OVER (UNDER) EXPEND.
CARRY-OVER BALANCE (DEFICIT)
Beginning
Ending
Estimated EBRF Balances (1):
EBRF Fund Balance as % of Prior Year Revenues
(State Policy Target of 10%)
13
8,024.0
8,047.9
7,663.9
7,758.6
8,298.5
8,410.4
8,628.9
8,576.8
159.5
829.4
15.7
1,064.6
8,163.5
42.6
8,877.3
41.1
8,744.2
172.2
3.1
163.0
41.1
164.9
46.4
1,174.9
8,979.9
41.4
47.0
639.4
8,984.9
41.9
47.1
631.0
9,088.5
41.9
47.1
628.0
9,304.0
41.9
47.1
628.1
9,252.0
41.9
165.3
165.8
166.0
166.0
166.0
3.0
2.3
2.3
2.3
2.3
2.3
2.3
(346.9)
$8,034.5
(328.5)
$8,755.9
(80.0)
$8,872.5
(80.0)
$9,108.9
(80.0)
$9,114.9
(80.0)
$9,218.7
(80.0)
$9,434.2
(80.0)
$9,382.2
250.6
752.1
$1,002.7
247.2
1,002.7
$1,249.9
(439.0)
1,249.9
$810.9
(420.9)
810.9
$390.0
15.5
390.0
$405.5
261.7
405.5
$667.2
496.2
667.2
929.7
1,163.3
$1,163.3
$2,093.0
$58.9
0.74%
$319.5
3.86%
$1,374.7
15.27%
$1,382.6
16.39%
$1,390.1
16.00%
$1,397.4
15.30%
$1,404.4
$1,411.6
14.81%
14.21%
1) EBRF adds $250M in FY 2021 per Act 6/SSLH21; adds $1,050M in FY 2022.
Sources: Department of Accounting and General Services; Department of Budget and Finance.
Note: Due to rounding, details may not add to totals.View entire presentation