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: June 2021
Through 11 months, total actual ongoing receipts were $59.6 million MORE than the Revised Adopted FY2021 estimate.

General Fund Receipts

Year-over-Year Comparisons
Ongoing general fund revenues are $30.6M or 22.7% greater than May of FY2020 (page 1). The largest contributors to this increase are Sales and Use Tax (+$22.7M or 28.2%), Lottery (+$13.4M or 155.9%), and Contractor’s Excise Tax (+$2.3M or 30.7%).

Year-to-Date ongoing general fund revenues are $215.0M or 13.8% greater than the same period last fiscal year (page 2). The largest contributors to this increase are Sales and Use Tax (+$119.8M or 12.1%), Lottery (+$31.9M or 30.8%), Contractor’s Excise Tax (+$18.3M or 15.8%), and Unclaimed Property Receipts (+$16.5M or 35.0%).

Legislative Adopted Comparisons
Ongoing general fund revenues are $19.8M or 13.6% greater than the legislative adopted estimate for May (page 4). The largest contributors to this increase are Sales and Use Tax (+$11.6M or 12.6%) and Lottery (+11.4M or 107.7%).

Year-to-Date ongoing general fund revenues are $59.6M or 3.5% greater than the legislative adopted estimate for the period (page 5).

One-Time
One-time receipts are those that the state knows or has a reasonable expectation of not occurring on annual basis. No additional one-time funds were received in March. Below outlines receipts in this category so far this fiscal year.
  • 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)

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

Expenditures and Workforce

Updated: June 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

Cash Balances

Updated: May 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

Economic Dashboards

Updated: May 2021
 
 

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