Oregon Fiscal year 1998 revenues reflect the September 1998 forecast. Revenue adjustments reflect estimated general fund reversions based on agency estimates of lower expectations. Total expenditures are based on biennial budget, prorated 48 percent the first year and 52 percent the second year. One expenditure adjustment is made for legislative transfer of general fund from the prior biennium. The appropriated fund balance is also included in total expenditures.
Expenditures reflect total amounts appropriated.
The general fund reflects general revenue receipts and expenditures only. Total revenues are net transfers to the budget reserve fund. Expenditure adjustments reflect education reform revenues that offset a concomitant amount of expenditures, both of which are reflected in the newly created education fund in fiscal year 1999. Revenue adjustments are interfund transfers from the budget reserve account, the legislative royalty impact account, and the statutory reserve account.