| Statewide | |||||
| Budget Reserve Trust Fund | |||||
| Actual FY 2024 | Actual FY 2025 | Revised FY 2026 | Recommended FY 2027 | Recommended FY 2028 | |
|---|---|---|---|---|---|
| SOURCE OF FUNDS | |||||
| General Fund | |||||
| Regular Appropriation | 873,650,500 | ||||
| Surplus Expenditure Plan | 1,452,921,410 | 15,044,859 | 251,340,200 | ||
| Current Year Appropriation | 2,017,591,200 | ||||
| Continuing Approp-General Fund | 2,260,597,156 | 5,226,409,766 | 4,560,189,400 | 3,764,123,100 | 2,968,473,100 |
| Other | (504,700,000) | (1,554,915,746) | (1,047,406,500) | (795,650,000) | (166,500,000) |
| Total General Fund | 5,226,409,766 | 4,560,189,379 | 3,764,123,100 | 2,968,473,100 | 2,801,973,100 |
| TOTAL SOURCE OF FUNDS | 5,226,409,766 | 4,560,189,379 | 3,764,123,100 | 2,968,473,100 | 2,801,973,100 |
| EXPENDITURES BY CLASS | |||||
EXPENDITURES BY FUND SOURCE ___ ___ ___ ___ ___ ___TOTAL EXPENDITURES
The Budget Reserve Trust Fund is the Commonwealth's "Rainy Day Fund." The statutory method of contributions within KRS 48.705 provide for deposits to the Budget Reserve Trust Fund from half of each fiscal year's General Fund surplus until the balance reaches five percent of the prior year's General Fund revenue receipts. That statute has been suspended in the many consecutive budget bills so that all of the General Fund surplus at year's end is deposited into the Budget Reserve Trust Fund, except for the amounts used to finance Necessary Government expenses. Past budget bills have also appropriated amounts directly to the Budget Reserve Trust Fund. The fund may be used when there is a revenue shortfall, for appropriations, and for necessary government expenses.
The current unobligated balance of the Budget Reserve Trust Fund is $3,764,123,047. The 2024-26 budget appropriated the use of $3.1 billion through House Bill 1 and Senate Bill 91 from the 2024 session, and there were deposits of $873.7 million from the budget bill and $251.3 million from the fiscal year 2024-25 surplus.