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BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 1
Budget Overview2015‐2017 Biennium
Jeff Mohlenkamp, Budget Director
Section 2
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 2
Breakdown of State Revenues2013 – 2015 Biennium
General Fund34%
Federal Fund31%
Other18%
Transfers13%
Highway Fund4%
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 3
General Funds Comparison Over Time
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 4
Sources of General Fund Revenue2013‐2015 Biennium
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 5
General FundFY 2013 Actual Compared to Budget
• Actual Ending GF Balance ‐ $299.9 million• Required 5% ending GF Balance ‐ $160.4 million
• Over the 5% requirement ‐ $139.5 million
• Transfer to Rainy Day Fund $28 million
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 6
General FundFY 2014 Year to Date Revenues
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 7
FY13‐15 Biennium Expenditures (All Revenue Sources)
$17.7 Billion Legislature Approved
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 8
General Fund Appropriations by FunctionFY 14‐15 Biennium Total $6.5 Billion
K‐1238%
Health & HumanServices31%
HigherEducation
15%
Public Safety9%
All Other7%
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 9
Moving Ahead to the 2015 ‐2017 Biennium
What does the upcoming budget look like?
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 10
Recovery Warrants Optimism/State Needs Remain Significant
• Sunsetting revenues need to be addressed• Employee pay still not fully restored to pre‐recession levels
• Despite significant investment in the current biennium – IT needs remain a distinct budget challenge
• Investment in buildings has been low
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 11
Health Care Reform and Medicaid Expansion Impacts Remain Uncertain
• While initial enrollment in the Silver State Exchange has been low, the ultimate enrollment is unknown
• Medicaid enrollment has been strong and slightly outpacing expectations
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 12
Caseload Growth Needs Require Attention
• Medicaid caseloads• Other DHHS caseloads (SNAP, TANF, etc.)• K‐12 Education• Corrections
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 13
90000
140000
190000
240000
290000
340000
390000
440000
490000
Jul-99
Dec-99
May-00
Oct-00
Mar-01
Aug-01
Jan-02
Jun-02
Nov-02
Apr-03
Sep-03
Feb-04
Jul-04
Dec-04
May-05
Oct-05
Mar-06
Aug-06
Jan-07
Jun-07
Nov-07
Apr-08
Sep-08
Feb-09
Jul-09
Dec-09
May-10
Oct-10
Mar-11
Aug-11
Jan-12
Jun-12
Nov-12
Apr-13
Sep-13
Feb-14
Jul-14
Dec-14
May-15
Total Medicaid with Retro ProjectionsUsing DWSS Home & Community Based Waiver Reported Numbers
Total Medicaid Leg Approved Total Medicaid Projections December 13 Total Medicaid Actuals
2014 - 2015Legislative Approved
RecessionMar 01 - Nov
01
RecessionDec 07 - Jun
09
Blue: Dec 2013 Projections using Actuals through Nov 2013; Jul 2013 Employment Projections; Oct 2013 Population Projections. ACA Medicaid Projections "Mandatory"
Actual Caseload through November
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 14
Budget Directions forState Departments
• No CAP will be in place for the upcoming agency request budget
• Directors have been given very clear direction to prioritize and be realistic in budget requests
• The Governor has been very engaged in early reviews of budget needs
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 15
Budget Directions Continued
• Departments need to identify critical needs and prioritize to allow state government to live within its means
• Only the most important priorities should be brought forward in the budget request (this applies to all funding sources)
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 16
Budget Directions Continued
• Major Budget Initiative process will be used to provide a platform for larger budget requests
• Smaller enhancements will need basic input into NEBS by August 1
• Governor and staff will be engaged during August to prioritize requests that will be included in the Agency Request budget
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 17
Budget Directions Continued
• We will not be creating an Items for Special Consideration version
• Agency Request will need to closely approximate projected revenues
• Our goal is to reduce unnecessary efforts in developing enhancements that cannot be funded
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 18
QUESTIONS?
BUDGET KICKOFF 2015 – 2017 Biennium Executive Budget
March 6, 2014Nevada Budget Division Section 2 – Slide 19
** 15 MINUTE BREAK **