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: July 2021
Total general fund revenues for fiscal year 2021 finished $274.2M or 15.7% greater than fiscal year 2020.

General Fund Receipts

Year-over-Year Comparisons
Ongoing general fund revenues were $21.5M or 15.0% greater than June of FY2020 (page 1). The largest contributors to this increase are Sales and Use Tax (+$16.6M or 19.2%), Contractor’s Excise Tax (+$2.4M or 29.3%), and Lottery (+$1.1M or 5.9%).

Fiscal year 2021 ongoing general fund revenues finished $236.6M or 13.9% greater than fiscal year 2020 (page 2). Total general fund revenues for fiscal year 2021 finished $274.2M or 15.7% greater than fiscal year 2020. The largest contributor to this increase is Sales and Use Tax. Sales and Use Tax was up $136.5M or 12.7% ongoing, plus an additional $13.5M one-time. Total sales and use tax was up $150.0M or 14.0%. Other large contributors were Lottery (+$33.0M or 27.0%), Contractor’s Excise Tax (+$20.7M or 16.8%), and Unclaimed Property Receipts (+$15.5M or 32.8%).

Legislative Adopted Comparisons
Ongoing general fund revenues were $18.3M or 12.4% greater than the legislative adopted estimate for June (page 4). The largest contributors to this increase were Sales and Use Tax (+$9.1M or 9.7%) and Lottery (+1.8M or 9.7%). One-time general fund revenues were $18.0M less than the legislative adopted estimate due to the timing of audit receipts.

Fiscal year 2021 general fund revenues finished $62.0M or 3.2% 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.
  • Unexpended Carryovers and Specials are unexpended balances from prior years’ special appropriations and carryovers.
  • Obligated cash carried forward is the amount carried forward to meet obligations existing at the end of the previous year. In FY2019, $19.4 million of cash was obligated and transferred to the budget reserves in FY2020. In FY2020, $19.1 million was obligated and transferred to the budget reserves in FY2021.
  • Prior Period Adjustment is due to adjustments to charge public health and public safety salaries from FY2020 to Coronavirus Relief Funds. This adjustment resulted in $22.5 million of cash transferred to the budget reserves in FY2021.
 
  • 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)

July 2021
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

Economic Dashboards

Updated: June 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

Cash Balances

Updated: June 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