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.

COVID-19 Economic Dashboards

Updated: Sep 17, 2020
  • Estimated initial claims remain fell to 346 for the week ending September 12th. 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 fell to 6,511 for the week ending September 5th. 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 for the past 3 years are now included in this metric and will be updated on a monthly basis. 34,670 jobs were posted online statewide during the month of August.
  • The average wage of posted jobs for the past 3 years are now included in this metric and will be updated on a monthly basis. The average salary of jobs posted with salary information was $45,422.
  • Travel spending was estimated to be down by 15% or $10M from the same week in 2019 for the week ending September 5th.
  • The South Dakota Department of Transportation has 38 permanent traffic counters throughout the state. The greatest impact has been in interstate traffic in rural areas and on state highways.
  • Video Lottery Net Machine Income was up 16.19% from the June 2019 to February 2020 weekly average for the week ending September 12th. 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.
 
September 17, 2020

 

General Fund Receipts

Updated: September 2020
Ongoing general fund revenues are $13.5M or 9.6% better than the legislative adopted estimate for the month and $28.2M or 8.7% year-to-date.

General Fund Receipts

  • Sales tax was better than the legislative adopted estimate by $5.2M or 5.3% for the month (page 4) and $11.1M or 5.6% year-to-date (page 5).
  • Lottery was better than the legislative adopted estimate by $1.7M or 16.9% for the month (page 4) and $3.1M or 16.0% year-to-date (page 5).
  • CET was better than the legislative adopted estimate by $0.4K or 0.3% for the month (page 4) and $1.5M or 6.0% year-to-date (page 5).
  • Insurance company tax was lower than the legislative adopted by $0.8M or 22.1% for the month (page 4) it is $0.6M or 3.0% better than the adopted estimate year-to-date (page 5).
  • Unclaimed property was $1.4M better than the legislative adopted estimate for the month (page 4) and is $2.3M better than the adopted estimate year-to-date (page 5).

One-receipts are those that the state knows or has a reasonable expectation that they will not occur on annual basis.
  • Sales tax one-time collections are due to the state reinvestment program (pages 2 and 5).
  • Bank Franchise Tax one-time 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)

September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019

Cash Balances

Updated: August 2020
 

 
  • 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

Economic Dashboards

Updated: June 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

Expenditures and Workforce

Updated: June 2020
 
 
  • 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