Ohio Legislative Service Commission
GRF & MEDICAID VARIANCE SUMMARY
GRF tax revenues exceeded OBM’s estimates for the first two months of FY 2018 by $23.6 million. This
good performance was mainly due to a positive variance in personal income tax collections of
variance with a negative variance of $8.6 million for the year to date.
34.7 million. The largest source of GRF tax revenue, the sales and use tax, partially offset this positive
Program expenditures were also above the estimate for FY 2018 year to date with a positive variance
of $157.3 million that was caused by a timing-related positive variance of $169.7 million in property tax
reimbursement payments that should be offset by the end of 2017.
Although Medicaid GRF expenditures were only under estimate by $3.9 million year to date, all-funds
Medicaid expenditures were under estimate by $98.8 million, continuing the recent trend of spending
less in Medicaid than projected.
GRF sources mainly consist of state tax revenue (63%) and federal grants (35%) but also include some state
nontax revenue and transfers in.
Total GRF Sources
GRF uses mainly consist of various program expenditures (98%) but also include transfers out.
Total GRF Uses
Both GRF and non-GRF Medicaid expenditures contain federal and state moneys.
ACA – Managed Care
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’s monthly Budget Footnotes may be accessed on LSC’s website: www.lsc.ohio.gov