Financial Metrics/Dashboards

Executive Order 2014-04 directed the Bureau to make available certain financial information for the Council of Economic Advisors and any interested party to view. The metrics and dashboards linked below provide updated snapshots of budget and actual expenditures compared to projected expenditures, the state's general fund receipts and comparison with the most recent forecasts, and the balances of the cash flow account and trust funds.

General Fund Receipts

Updated: February 2021
Through 8 months, total actual ongoing receipts were $7.8 million MORE than the Revised Adopted FY2021 estimate.

General Fund Receipts

Year-over-Year Comparisons
Ongoing general fund revenues are $14.5M or 13.1% greater than February of FY2020 (page 1). The largest contributors to this increase are Sales and Use Tax (+$7.0M or 8.6%) and Lottery (+$7.2M or 142%).

Year-to-Date ongoing general fund revenues are $132.1M or 11.2% greater than the same period last fiscal year (page 2). The largest contributors to this increase are Sales and Use Tax (+$63.1M or 8.4%), Lottery (+$18.9M or 25.8%), Unclaimed Property Receipts (+$17.9M or 36.6%), and Contractor’s Excise Tax (+$12.5M or 13.3%).

Legislative Adopted Comparisons
Ongoing general fund revenues are $7.8M or 6.7% greater than the legislative adopted estimate for February (page 4). The largest contributors to this increase are Insurance Company Tax (+$2.7M or 32.3%), Sales and Use Tax (+$2.5M or 2.9%), and Lottery (+2.2M or 21.3%)

Year-to-Date ongoing general fund revenues are $96.8 or 8.8% greater than the legislative adopted estimate for the period (page 5). The largest contributors to this increase are Sales and Use Tax (+$44.1M or 6.5%), Unclaimed Property Receipts (+$18.9M or 38.3%), Lottery (+$10.0M or 14.3%), and Contractor’s Excise Tax (+$7.9M or 8.8%).

One-Time
One-time receipts are those that the state knows or has a reasonable expectation of not occurring on annual basis.
  • Closeout of SDRC Inc. Funds of $3.4M per negotiated contract terms.
  • Refinancing Gains are the proceeds of refinancing various bonds at the Board of Regents and Game, Fish, and Parks.
  • One-time Sales and Use Tax collections are due to the state reinvestment program.
  • Bank Franchise Tax Prior Year Revenue collections are due to the tax filing extension by the IRS to July 15th which allowed banks to file taxes after the close of FY20 as well as audit collections.
 
  • The general fund receipt dashboards show the most recent month-end and year-to-date receipts in all major categories for the state general fund.
  • The dashboards compare actual receipts to the prior year for the most recently completed month and on a year-to-date basis.
  • Actual receipts are also compared to the most recent Legislative adopted or Governor recommended forecast, as well as the original adopted forecast to gauge how well actual collections are performing compared to budgeted levels.

Remote Sellers link (SDDOR)

March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020

Cash Balances

Updated: February 2021
 

 
  • The cash balance dashboards show the month-ending cash balance for the state general fund, budget reserve, general revenue replacement fund, and the total balance in the cash flow account.
  • The dashboards for the trust funds and SDRS pension plan show the fair market value.
  • The fair market values change based on investment returns.
  • The state’s reserve funds are considered the sum of the budget reserve fund and the general revenue replacement fund and typically remain constant throughout the fiscal year.
  • The cash flow account is comprised of more than five hundred different funds and fluctuates month-to-month and day-to-day based on the individual activity taking place in each of these funds. Major or notable funds represented in the cash flow account are listed separately.

General Fund
Cash Flow Account
South Dakota Retirement System
South Dakota Trust Funds

Expenditures and Workforce

Updated: February 2021
 
 
  • The general fund expenditure dashboard shows a comparison of projected expenditures vs. the actual expenditures as of the end of the prior month.
  • The workforce utilization dashboards shows the Full Time Equivalent (FTE) utilization for the previous month and budgeted utilization compared to actual utilization, and the number of employees being paid each pay period. These numbers are for the state's central payroll system and do not include the University System or Authorities.

Expenditures



FTE Utilization and Workforce

COVID-19 Economic Dashboards

Updated: December 1, 2020
  • Estimated initial claims increased to 681 from 513 for the week ending November 21st. This does not include initial claims for Pandemic Unemployment Assistance which expanded eligibility to workers previously ineligible. Initial claims for reemployment assistance reflect individuals who are initially filing for assistance.
  • Continued claims increased by 210 to 3,690 for the week ending November 14th. This number reflects the number of individuals who have already filed an initial claim, have experienced a week of unemployment and file a continued claim for unemployment.
  • Job openings data is provided to demonstrate the demand for labor which could be a gauge of businesses longer term outlook on the economy.
  • Monthly Statewide Job Openings provide a greater view of historical job openings in the state. 37,271 jobs were posted online statewide during the month of October.
  • The average salary of jobs posted with salary information was $46,174 during the month of October down from $47,371 during the month of September.
  • Job openings for the week ending November 28th decreased to 20,547 statewide, 4,022 in the Rapid City area, and 7,609 in the Sioux Falls area.
  • Travel spending was estimated to be down by 24% or $16M from the same week in 2019 for the week ending November 7th.
  • The South Dakota Department of Transportation has 38 permanent traffic counters throughout the state. Traffic continues below trend for all categories during the month of November.
  • Video Lottery Net Machine Income was up 9.47% from the June 2019 to February 2020 weekly average for the week ending November 21st. Net Machine Income (NMI) is defined as cash in minus prizes paid out. NMI is split with the machine owner (Operator) receiving 50%, the General Fund receives 49.5% and 0.5% goes to the Video Lottery Operating Fund to be used by the Lottery operate the Video Lottery Program.
 
December 1, 2020

 

Economic Dashboards

Updated: December 2020
 
 

The economic dashboards show the health of the South Dakota economy from a macroeconomic viewpoint using data on employment figures and government assistance programs.

  • The economic dashboards include statistics on unemployment claims, unemployment rates, employment levels and various other economic indicators. Many of the economic dashboards compare South Dakota to the national average to gauge the relative health of South Dakota’s economy to the United States.
  • Economic dashboards also include statistics on Medicaid, the Children’s Health Insurance Program (CHIP), and the Supplemental Nutrition Assistance Program (SNAP). This monthly data shows the change in utilization of these government assistance programs.

Economic Dashboards