December 28, 2009
|December 28, 2009|
|State Funds Available Cash Start of Business||$2.7 billion*|
|Pending Payments Start of Business||$830.8 million**|
|Estimated State Fund Receipts||$882.7 million***|
|Estimated State Funds Available End of Business (Closing Balance)||$2.8 billion****|
|*Amount of cash on hand to pay bills
**Vouchers payable today
***Tax, federal and misc. receipts from agencies received today
****Amount of cash on hand after paying bills and receiving in revenue
Pending payments do not include STAR aid payments of $1.8 billion, which has been reduced by 19 percent from $2.3 billion as ordered by Governor Paterson earlier in December. Other significant payments expected this week include general support for public schools of $384.5 million, which is expected to be paid at 100 percent and month-end Medicaid payments to providers, which is estimated to be well over $800 million. These payments are all scheduled for December 30.
The State Comptroller’s office processes approximately 130,000 state payments daily. In State Fiscal Year 2008-09, it processed more than 34 million payments totaling approximately $103 billion.