Budget Analysis 2005 Biennium 2005 Vol 1

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Sometimes, agencies don't generate enough actual vacancy savings, which results in a budget shortfall.
In order to assist agencies that have insufficient authority to meet all personal services costs in the 2005 biennium, the executive is proposing, in the pay plan bill, a contingency fund including $1 .5 million general fund and $3.0 million other funds. Agencies experiencing this problem would have to apply to the Office of Budget and Program Planning for these funds during the biennium.
For
...the 2003 biennium, the legislature provided $1.3 million general fund and $3.0 million other funds for a contingency fund. The Governor's spending reductions implemented in June 2002 reduced the general fund amount by $65,000. The August special session further reduced the general fund contingency amount by $500,000. These two actions resulted in a general fund contingency fund authority for the 2003 biennium of $735,000, instead of the $1 .3 million.
Legislative Budget Analysis 2005 Biennium 103 Legislative Fiscal Division Executive Budget Analysis Statewide Executive Budget Proposals/ Issues Figure 8 shows the allocations from the contingency through December 1, 2002 (fiscal 2003).


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