Ohio Legislative Service Commission  
GRF & MEDICAID VARIANCE SUMMARY  
FY 2017 GRF tax revenue was $849.2 million below OBM’s August 2016 estimate and $257 million below OBM’s  
January 2017 downward revision, but $66.1 million above FY 2016 actual receipts.  
Medicaid expenditures and related federal reimbursements were also well below OBM’s August 2016 estimates.  
FY 2017 GRF Medicaid expenditures were $1.10 billion below estimate and federal grants into the GRF were  
$
921.8 million below estimate.  
Including Medicaid, GRF program expenditures were $1.50 billion below OBM’s August 2016 estimate and almost  
565 million below OBM’s January 2017 downward revision for the fiscal year.  
$
The GRF finished the fiscal year with a cash balance of $557.1 million to meet the year-end encumbrance and fund  
balance requirements. Agencies encumbered a total of $388.5 million at the end of FY 2017 for expenditure in FY 2018.  
The budget stabilization fund balance remains at $2.03 billion.  
GRF Sources  
GRF sources mainly consist of state tax revenue (63%) and federal grants (35%) but also include some state  
nontax revenue and transfers in.  
Tax Revenue  
$8.5 million  
Federal Grants  
Total GRF Sources  
-
-$0.4 million  
-0.0%  
-$30.5 million  
-0.9%  
June  
-
0.4%  
-
$849.2 million  
-3.7%  
-$921.8 million  
-7.3%  
-$1,709.4 million  
-4.8%  
FY 2017  
GRF Uses  
GRF uses mainly consist of various program expenditures (98%) but also include transfers out.  
GRF Medicaid  
Program Expenditures  
Total GRF Uses  
-
$78.5 million  
-$87.4 million  
-3.9%  
-$179.0 million  
-7.6%  
June  
-
5.6%  
-
$1,099.9 million  
-5.9%  
-$1,390.1 million  
-$1,497.2 million  
-4.1%  
FY 2017  
-
3.9%  
All-Funds Medicaid  
Both GRF and non-GRF Medicaid expenditures contain federal and state moneys.  
Non-GRF  
All-Funds Total  
ACA Managed Care  
-
$1.1 million  
-$79.7 million  
-3.7%  
-$50.0 million  
-12.5%  
June  
-
0.1%  
-
$461.2 million  
-5.4%  
-$1,561.1 million  
-5.8%  
-$369.8 million  
-8.2%  
FY 2017  
Key: An up arrow indicates a positive variance (i.e., the amount by which actual is above estimate) while  
a down arrow indicates a negative variance.  
The full edition of LSC monthly Budget Footnotes may be accessed at:  
http://www.lsc.ohio.gov/fiscal/bfn/default.htm.  
July 2017