Statewide Financial System

Mission

The Statewide Financial System Project is responsible for developing and maintaining the single statewide financial system for use by all State agencies.

Budget Highlights

The SFS system was rolled out for general use in April 2012 and the development of additional functionality is ongoing.

SFS was previously funded through a Special Revenue Other Account that received quarterly transfers from the General Fund. To promote fiscal transparency, SFS will be appropriated directly in the General Fund. The recommended budget of $29.7 million supports the ongoing maintenance and operating costs for the system, and is a decrease of $25.7 million to State Operating Funds from Fiscal Year 2013-14. This decrease is due in large part to a $21.8 million annual debt service payment that will be transferred directly to the debt service payment account.

The Executive Budget recommends a workforce of 139 FTEs, reflecting the operational status of the project. This total has remained flat from the previous fiscal year, with the only change being that all FTEs will funded out of the General Fund in FY 2014-15.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category	Available 2013-14	Appropriations Recommended 2014-15	Change From 2013-14	Reappropriations Recommended 2014-15
State Operations	55,400,000	29,700,000	(25,700,000)	0
Total	55,400,000	29,700,000	(25,700,000)	0

ALL FUND TYPES
PROJECTED LEVELS OF EMPLOYMENT BY PROGRAM
FILLED ANNUAL SALARIED POSITIONS
Program	2013-14 Estimated FTEs 03/31/14	2014-15 Estimated FTEs 03/31/15	FTE Change
Statewide Financial System Program
General Fund	5	139	134
Special Revenue Funds - Other	134	0	(134)
Total	139	139	0

Note: Most recent estimates as of 01/20/2014

Click for additional detailed appropriation tables

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