February, 17, 2012


To:      Members of the Comprehensive Financial Monitoring Task Force

From:  John Wall

Re:      February Financial Status Report

             The February FSR is now available for viewing Financial Status Report, printing (February FSR) or downloading at Excel format.

This report provides a snapshot of the FY2012 Adopted Budget updated for budget modifications through mid-January.  The revenue budget reflects adjustments included in the recently issued January Financial Plan which is summarized on page 4.

In addition to the above, this report includes a summary of the Departmentís first fiscal analysis.  Projected expenditures were compared to the November Financial Plan, including anticipated revenues and other proposed unit of appropriation transfers.  On an overall basis, the forecast results in a preliminary operating deficit of approximately ($5m.)  During the next few months, the Department will be refining the results of the first fiscal analysis for presentation in the May FSR.

            Thank you.


c:      Dennis M. Walcott

         Chancellorís Senior Staff    

         Division of Financial Planning & Management Senior Staff


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