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 2020
Through 7 months, total actual ongoing receipts were $6.8 million more than the original adopted FY2020 estimate.

Key Points:

      When looking at the legislative adopted estimate it is important to note that much of the $6.8M difference is due to Investment Income coming in far better than anticipated. It would be imprudent to assume that the market conditions that caused the increase will continue.
      While the strong sales tax numbers are encouraging, they are mostly making up for weakness in the Insurance Company Tax and Unclaimed Property revenue sources that are likely to continue for the foreseeable future.

February 2020

  • Sales tax was up 9.4% compared to a year ago (page 1). YTD, Sales and Use tax is 1.2% higher than the adopted estimate (page 5) and 1.1% higher than the Governor’s revised estimate (page 8). Much of this is due to the later Thanksgiving holiday pushing more Christmas sales activity into December, including Cyber Monday. Sales and Use tax collections occur one month after the sales occur, so January collections reflect December sales.
  • Lottery was up 7.5% compared to a year ago (page 1). YTD it is up 0.5% or $0.3M compared to the adopted estimate (page 5) and 0.7% or $0.5M higher than the Governor’s revised estimate (page 8).
  • CET was up 3.5% compared to a year ago. YTD, it is up 5.9% or $0.7M compared to the Adopted estimate, and 4.6% or $3.8M compared to the Governor’s revised estimate.
  • Insurance company tax was down 12.4% or $1.6M compared to a year ago. YTD, it is down 8.8% or $5.2M compared to the adopted estimate and 6.8% or $3.9M compared to the Governor’s revised estimate. This is in part due to the Partners in Education tax credit now being fully utilized.
 
  • 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)

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

Expenditures and Workforce

Updated: February 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

Cash Balances

Updated: January 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
South Dakota Retirement System
South Dakota Trust Funds

Economic Dashboards

Updated: January 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