HB25 Alabama 2011 Session

Summary

Primary Sponsor

Paul DeMarco

Republican

Session

Regular Session 2011

Title

Finance Department, monthly financial reports regarding General Fund and Education Trust Fund, required, to be published on Finance Department's website

Summary

HB25 requires the Alabama Department of Finance to publish monthly financial reports on the General Fund and Education Trust Fund to boost transparency and alert agencies to potential budget proration.

What This Bill Does

If enacted, the Department of Finance must produce monthly financial reports for the General Fund and the Education Trust Fund. The reports must be released by the end of the following month and posted in a prominent place on the department's website. They will include opening balances, revenue forecasts by source, any forecast adjustments, total resources available, total expenditures by law (including appropriations and any proration reductions), projected ending balances, year to date expenditures by department, and actual and year to date revenue by source with comparisons to prior year and recent estimates. The purpose is to increase transparency and give advance notice to agencies if proration is likely; the action would take effect immediately after governor approval.

Who It Affects

• State government agencies funded by the General Fund and Education Trust Fund, who would receive monthly reports and advance notice if proration is likely.
• The general public and taxpayers, who would have access to the reports on the Finance Department website for greater transparency.

Key Provisions

• The Department of Finance must produce monthly financial reports for the General Fund and the Education Trust Fund.
• The reports must be released by the final day of the month following the covered month and posted prominently on the Finance Department website.
• The reports must include the beginning fund balance, forecast of revenues by source, adjustments to forecasts, and the annual total of resources available for the year.
• The reports must include the total expenditures authorized by law for the fund, including original appropriations, supplemental appropriations, continuing appropriations, and any reductions due to proration or spending plan changes.
• The reports must include the projected ending balance for the fiscal year.
• The reports must include year-to-date expenditures by department, agency, or function.
• The reports must include actual and year-to-date revenue by source with comparisons to prior year amounts and to the most recent estimates.
• The bill emphasizes increased transparency and advance notice to agencies when proration is likely and becomes effective immediately after governor approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Finance Department