Volume 1 - Executive Summary - Office of the Chief Financial Officer

32e. Transfer to Highway Trust Fund (Enterprise Fund). This line in Table 3-3 reflects transfers of dedicated
motor fuel tax to the Highway Trust Fund outside of the General Fund.
32f. Transfer to WMATA (Washington Metro Area Transit Authority). This line in Table 3-3 reflects transfers
of parking sales and use tax revenues to WMATA to support the operations of the agency.
32g. Transfer to Highway Trust Fund. This line in Table 3-4 reflects transfers of rights-of-way revenue to the
Highway Trust Fund.
33. Operating Impact of CIP. This line in Tables 3-1 and 3-2 reflects the estimated cost of operating and maintaining
newly completed capital projects. See Volume 6 – FY 2012 – FY 2017 Capital Improvements Plan for
details.
34. Total Expenditures and Transfers. This is the sum of lines 28 to 33.
35. Operating Margin before allocation to reserves. This line is the difference between lines 17 and 34 showing
the surplus or deficit after subtracting total expenditures and transfers from total resources.
36. Reserved for subsequent years’ expenditures. This reflects the same amount as in line 10, in the prior years’
operating margin.
37. Cash Flow Reserve Account. This Account was established by section 47-392.02(j-2) of the District of
Columbia Official Code. The Fiscal Year 2011 Budget Request Act of 2010 authorizes 50 percent of the undesignated
end of year fund balance to be deposited in this account. In FY 2012, under the section heading “Revised
Revenue Estimate Contingency Priority,” this same act authorizes the first $21.6 million of additional revenues for
the purpose of shifting the funding source for employees in the capital budget to the operating budget. 50 percent
of the remaining additional revenue, $27.8 million, will be used as directed in the section “Subtitle Q. Contingency
for Additional Revenue.” The remaining $27.8 million plus 50 percent of the operating margin, $676 thousand,
will be recorded in the Cash Flow Reserve Account. FY 2013 to FY 2016 reflects 50 percent of the Operating
Margin in this account.
38. Fiscal Stabilization Reserve Account. This Account was established by section 47-392.02(j-1) of the
District of Columbia Official Code. The Fiscal Year 2011 Budget Request Act of 2010 authorizes 50 percent of
the undesignated end of year fund balance to be deposited in this account. FY 2012 to FY 2016 reflects 50 percent
of the Operating Margin in this account.
39. Operating Margin, Budget Basis. This is the difference between Total General Fund Resources (line 17)
and the total of Expenditures (line 34), reserved for subsequent years’ expenditures (line 36), the Cash Flow Reserve
Account (line 37) and the Fiscal Stabilization Reserve Account (line 38). In Tables 3-1 and 3-2, FY 2015 reflects
$19 million proposed to be set aside for subsequent years expenditures. In Table 3-3 this line reflects unbudgeted
revenues from dedicated taxes.
40. Line intentionally left blank.
Composition of Cash Reserves
42. Emergency Cash Reserve Balance (2 percent). The District was required to establish an Emergency
Reserve, by the end of FY 2004, equal to 4 percent of the District's Local expenditures. The requirement was
satisfied in FY 2002. In FY 2005, the requirement was changed to 2 percent, and the base for the calculation was
also changed.
FY 2013 Proposed Budget and Financial Plan
Financial Plan
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