Announcements

Entries for October 2013

15

The Alaska State Treasury believes that the General Fund will be able to float expenditures for most Federal programs for several months if necessary. Medicaid and TANF draws are our largest Federal draws, at about $20 million a week, and the General Fund sufficiency balance as of 10/14/2013 was $968 million. Our projections show that balance is due to steadily rise over the next few months, largely due to oil revenues. We do not expect the lack of Federal revenues to have a large enough impact to cause this to move in the opposite direction.

We are also complying with the CMIA TSA and tracking draws that the Federal Government is not paying to ensure that they are covered in this year’s CMIA report and that the State is compensated for their delay.

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