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: August 2024
 Through 2 months, total receipts were $5.6 million MORE than the Legislative Adopted FY2025 Estimate.

General Fund Receipts

Year-over-Year Comparisons

Ongoing general fund revenues were $42.3M or 18.8% more than August of FY2024 (page 1). The largest contributor to this increase was Investment Income and Interest (+$46.9M or 95.8%). The increase to Investment Income and Interest is due to increased earnings in FY2024. The interest earned on the cash flow fund throughout the last fiscal year (FY2024) is deposited to the general fund in August. Higher interest rates resulted in greater returns for our invested cash. This revenue is receipted to the general fund in August. There will not be continual significant monthly increases in this category for the remainder of FY2025. The largest decrease was Insurance Company Tax (-$5.8M or -51.4%). The decrease to Insurance Company Tax is partially due to timing of receipts to the general fund.

Year-to-Date ongoing general fund revenues are $42.6M or 9.3% greater than fiscal year 2024 (page 2).

Legislative Adopted Comparisons

Ongoing general fund revenues were $14.6M or 5.8% more than the legislative adopted estimate for August (page 4). The largest increase was Investment Income and Interest (+$22.5M or 30.7%). The increase to Investment Income and Interest is due to increased earnings in FY2024. The interest earned on the cash flow fund throughout the last fiscal year (FY2024) is deposited to the general fund in August. Higher interest rates resulted in greater returns for our invested cash. This revenue is receipted to the general fund in August. There will not be continual significant monthly increases in this category for the remainder of FY2025. The largest decreases were Sales and Use Tax (-$6.4M or -4.8%) and Contractor’s Excise Tax (-$1.5M or -7.4%).

Year-to-Date ongoing general fund revenues are $5.6M or 1.1% more than the legislative adopted estimate for the period (page 5).

 
  • 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.
September 2024
August 2024
July 2024
June 2024
May 2024
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023

Economic Dashboards

Updated: August 2024
  
 

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

Cash Balances

Updated: August 2024
  

 

  • 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: May 2024
  
 

  • 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