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105 - Office of Financial Management

Last Updated: 01/07/2025

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
(26,918) Overexpenditure
(12.0%) Overexpenditure

Planned vs. Actual Cumulative Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - GFS

Expenditure by Program

Program Estimate Actual Variance % Variance
Administration 1,683 1,817 (133) (7.9%)
Budget 18,263 13,956 4,306 23.6%
Statewide Accounting and Fiscal Services 7,390 7,081 309 4.2%
Statewide Policy 3 (3)
Forecasting 17,581 15,312 2,270 12.9%
Management and Productivity 16,796 6,122 10,674 63.6%
K-20 Network 17,942 15,932 2,010 11.2%
Office of the Human Resources Director 26,565 21,100 5,465 20.6%
Core Financial Systems 11,981 71,023 (59,042) (492.8%)
Information Technology Services 79,459 74,170 5,289 6.7%
Special Projects 26,682 24,744 1,938 7.3%
Totals 224,342 251,260 (26,917) (12.0%)

FTE

Program Estimate Actual Variance % Variance
Administration 6 6
Budget 45 43 2 5.1%
Statewide Accounting and Fiscal Services 27 28 (1) (4.9%)
Statewide Policy
Forecasting 55 48 7 13.0%
Management and Productivity 62 62 0.20 0.30%
K-20 Network 0.20 0.30 (0) (50.0%)
Office of the Human Resources Director 83 78 5 6.3%
Core Financial Systems 66 95 (29) (44.6%)
Information Technology Services 190 169 21 10.9%
Special Projects 11 15 (4) (34.9%)
Totals 545 544 1 0.18%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 26,660 20,801 5,859 22.0%
General Fund Private/Local 2,578 1,607 971 37.7%
General Fund State 29,873 22,204 7,669 25.7%
Other Funds Federal 656 654 2 0.30%
Other Funds Non-Appropriated 68,734 102,340 (33,606) (48.9%)
Other Funds State 95,840 103,652 (7,813) (8.2%)
Totals 224,341 251,258 (26,918) (12.0%)

Revenue by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 26,582 18,875 (7,707) (29.0%)
General Fund Private/Local 2,648 2,606 (42) (1.6%)
General Fund State 24,172 24,172
Other Funds Federal 656 (656) (100.0%)
Other Funds State 283,396 238,244 (45,152) (15.9%)
Totals 313,282 283,897 (29,385) (9.4%)

Revenue by Fund

Program Estimate Actual Variance % Variance
General Fund 29,230 45,653 16,423 56.2%
Industrial Insurance Premium Refund Account 80 80
Personnel Service Account 26,752 18,025 (8,728) (32.6%)
Education Technology Revolving Fund 20,383 3,275 (17,108) (83.9%)
OFM Labor Relations Service Account 10,833 10,589 (244) (2.3%)
Higher Education Personnel Services Account 2,345 2,337 (7) (0.3%)
Statewide Information Technology System Development Revolving Account 135,050 123,499 (11,551) (8.6%)
OFM Central Service Account 24,050 21,511 (2,540) (10.6%)
Statewide Information Tech System Maintenance & Operations Revolving Account 63,983 58,928 (5,055) (7.9%)
Coronavirus State Fiscal Recovery Fund 656 (656) (100.0%)
Totals 313,282 283,897 (29,386) (9.4%)

Deficit Fund Balance

Program BTD Balance Proj. Balance
State Agency Office Relocation Pool Account (554) (1,714)
Forest Resiliency Account 86 (2,247)
Personnel Service Account 3,583 (13,894)
Information Technology Investment Revolving Account 9,610 (19,735)
OFM Central Service Account 1,594 (763)
Statewide Information Tech System Maintenance & Operations Revolving Account (18,276) (16,304)
Risk Management Administration Account 53 (236)
Coronavirus State Fiscal Recovery Fund (103,616) 132,459
Washington Rescue Plan Transition Acct (1,302,000) (2,100,000)