Ohio Legislative Service Commission  
GRF & MEDICAID VARIANCE SUMMARY  
January 2018  
December GRF tax revenue came in $11.9 million (0.6%) below OBM’s estimate. The year-to-date  
(YTD) positive variance in GRF tax revenue decreased to $17.5 million (0.2%). All three major GRF  
taxes sales and use, personal income, and commercial activityhave outperformed their  
estimates for the first half of FY 2018, by $16.3 million, $27.3 million, and $8.9 million, respectively.  
Total GRF sources were below the YTD estimate by $255.2 million due largely to timing issues; a  
transfer in of $200 million from unclaimed funds did not occur in December as anticipated.  
YTD GRF Medicaid expenditures were $136.1 million (1.8%) below estimate, which accounted for  
67.3% of the $202.4 million in negative YTD variance for GRF uses as a whole.  
GRF Sources  
Tax Revenue  
Federal Grants  
Total GRF Sources  
-
$11.9 million  
$17.4 million  
2.0%  
-$178.9 million  
-6.2%  
December  
FY 2018  
-
0.6%  
$
17.5 million  
-$67.8 million  
-1.3%  
-$255.2 million  
-1.6%  
0.2%  
GRF Uses  
GRF Medicaid  
$6.3 million  
Program Expenditures  
Total GRF Uses  
-
$14.4 million  
0.6%  
$14.6 million  
0.6%  
December  
FY 2018  
-
0.5%  
-
$136.1 million  
-1.8%  
-$205.8 million  
-$202.4 million  
-1.2%  
-
1.2%  
All-Funds Medicaid  
Non-GRF  
All-Funds Total  
ACA - Managed Care  
-
$22.4 million  
-$28.7 million  
-1.3%  
-$3.4 million  
-1.0%  
December  
-
2.5%  
$
25.8 million  
-$110.4 million  
-0.8%  
-$6.5 million  
-0.3%  
FY 2018  
0.4%  
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.