Ohio Legislative Service Commission  
GRF & MEDICAID VARIANCE SUMMARY  
November 2017  
GRF tax revenue came in very close to OBM’s estimate for the month of October, being  
$3.3 million (0.2%) above the estimate. This pushed the year-to-date (YTD) positive variance to  
$20.6 million. All three major GRF taxessales and use, personal income, and commercial  
activity have outperformed their YTD estimates, by $7.4 million, $16.4 million, and $21.5 million,  
respectively.  
GRF program expenditures as a whole were $120.3 million below the YTD estimate at the end of  
October. YTD expenditures from all program categories except Property Tax Reimbursements  
were below estimates. YTD Medicaid expenditures from both GRF and non-GRF sources were  
below estimate. Total YTD Medicaid expenditures from all funds were below estimate by  
$113.8 million, continuing the recent trend of spending less in Medicaid than projected.  
GRF Sources  
Tax Revenue  
Federal Grants  
Total GRF Sources  
$
3.3 million  
-$34.2 million  
-3.9%  
-$80.6 million  
-3.0%  
October  
FY 2018  
0.2%  
$20.6 million  
-$5.4 million  
-0.2%  
$1.7 million  
0.0%  
0.3%  
GRF Uses  
GRF Medicaid  
Program Expenditures  
Total GRF Uses  
-
$13.9 million  
1.0%  
-$37.6 million  
-1.2%  
-$57.1 million  
-1.8%  
October  
FY 2018  
-
-
$8.3 million  
-0.2%  
-$120.3 million  
-$127.4 million  
-1.0%  
-
1.0%  
All-Funds Medicaid  
Non-GRF  
All-Funds Total  
ACA - Managed Care  
$
18.0 million  
$4.1 million  
0.2%  
-$1.0 million  
-0.3%  
October  
FY 2018  
2
.0%  
-
$105.4 million  
2.7%  
-$113.8 million  
-1.2%  
$2.1 million  
0.2%  
-
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.  
GRF sources mainly consist of state tax revenue (63%) and federal grants (35%) but also include some  
state nontax revenue and transfers in.  
GRF uses mainly consist of various program expenditures (98%) but also include transfers out.  
Both GRF and non-GRF Medicaid expenditures contain federal and state moneys.  
The full edition of LSC’s monthly Budget Footnotes may be accessed on LSC’s website: www.lsc.ohio.gov.