Return to Agency List
Agency 010
Bond Retirement and Interest
| Request | $1,420,027,000 | ||||||||||||||||||
| Net change from current biennium | $283,236,264 | Increase | |||||||||||||||||
| Percent change from current biennium | 24.9% | Increase | |||||||||||||||||
The Office of the State Treasurer is divided into several reporting
agencies with specific financial functions. Bond Retirement and
Interest provides the functional support to the State Finance
Committee in its statutory role. Activities include the sale of
state general obligation bonds, disbursement of debt service on
outstanding long-term debt, certification of the statutory and
constitutional debt limits, administration of the lease purchase
program, and accounting for the transactions related to these
activities.
Links to Program Level Detail
Debt Subject to the Debt Limit
Debt Excluded from the Debt Limit
| Operating Budget: Summary
| |||||||||||||||||||||
| 1995-97 Appropriations | Appropriated Funds | Expenditures | |||||||||||||||||||
| Amount | Estimated Balance | 1993-95 Actual | 1995-97 Estimated | 1997-99 Proposed | |||||||||||||||||
| 861,672,432 | 13,885,831 | General Fund - Basic Account - State | 715,134,026 | 847,786,601 | 985,097,000 | ||||||||||||||||
| 2,841 | Higher Education Construction Acct - State | 705,316 | 2,841 | ||||||||||||||||||
| 24,501,330 | State Convention & Trade Center - State | 24,047,377 | 24,501,330 | 34,081,000 | |||||||||||||||||
| 22,550,000 | 8,287,540 | State Building Construction Account - State | 17,407,973 | 14,262,460 | 3,625,000 | ||||||||||||||||
| 5,100,000 | 5,092,764 | Puget Sound Capital Construction - State | 16,340 | 7,236 | 501,000 | ||||||||||||||||
| 1,084,000 | 1,006,099 | Motor Vehicle Account - State | 1,506,259 | 77,901 | 102,000 | ||||||||||||||||
| 5,000 | (90,836) | Urban Arterial Trust Account - State | 19,390 | 95,836 | 5,000 | ||||||||||||||||
| 1,500,000 | 1,500,000 | Transportation Improvement Account - State | 206,000 | ||||||||||||||||||
| 4,800,000 | 4,768,167 | Special Category C Account - State | 211,421 | 31,833 | 410,000 | ||||||||||||||||
| Transportation Account - State | 1,826,000 | ||||||||||||||||||||
| 1,000 | 1,000 | Transportation Capital Facilities - State | 1,000 | ||||||||||||||||||
| Common School Reimb Construction - State | 694,571 | ||||||||||||||||||||
| 200,000 | 149,912 | Hi Ed Reimbursable Construction - State | 1,010,559 | 50,088 | |||||||||||||||||
| Fruit Commission Facilities Account - State | 12,434 | ||||||||||||||||||||
| 195,814,000 | 3,715,234 | Highway Bond Retirement Account - State | 179,019,782 | 192,098,766 | 195,062,000 | ||||||||||||||||
| 36,788,000 | 5,550,654 | Ferry Bond Retirement Account - State | 24,701,720 | 31,237,346 | 48,971,000 | ||||||||||||||||
| Trans Improvement Board Bond Retire - State | 1,223,000 | ||||||||||||||||||||
| 291,215 | 291,019 | Fisheries Bond Retirement Acct-1977 - State | 3,858 | 196 | 291,000 | ||||||||||||||||
| 6,923,000 | 6,923,000 | Common School Bldg Bond Redemp 1967 - State | 6,853,938 | ||||||||||||||||||
| 2,453,400 | St Bldg/Park Bond Redemption 1969 - State | 2,457,200 | 2,453,400 | ||||||||||||||||||
| State Bldg Bond Redemption 1973-a - State | 1,601 | ||||||||||||||||||||
| State Bldg Bond Redemption Account - State | 13,859 | ||||||||||||||||||||
| State Hi Ed Bond Redemption 1973 - State | 16,216 | ||||||||||||||||||||
| St Bldg Authority Bond Redemption - State | 39,422 | ||||||||||||||||||||
| Comm/Tech Col Refund Bond Retire 74 - State | 2,802,506 | ||||||||||||||||||||
| 851,225 | 425,675 | Comm Coll Cap Improv Bond Redemp 72 - State | 22,526 | 425,550 | |||||||||||||||||
| State Hi Ed Bond Redemption 1974 - State | 3,677 | ||||||||||||||||||||
| 19,592,375 | 15,606,455 | Waste Disposal Fac Bond Redemption - State | 64,086 | 3,985,920 | |||||||||||||||||
| 1,413,613 | 930,613 | Water Supply Fac Bond Redemption - State | 31,451 | 483,000 | |||||||||||||||||
| Recreation Improvement Bond Redemp - State | 21,679 | ||||||||||||||||||||
| Soc/Health Services Fac Bond Redemp - State | 14,167 | ||||||||||||||||||||
| 450,000 | 319 | Comm Coll Cap Const Bond Retire 75 - State | 950,081 | 449,681 | |||||||||||||||||
| 126,682 | 63,682 | Indian Cultural Center Bond Redemp - State | 63,000 | ||||||||||||||||||
| Fisheries Bond Retirement Acct 1976 - State | 2,890 | ||||||||||||||||||||
| State Hi Ed Bond Retirement 1975 - State | 8,493 | ||||||||||||||||||||
| State Bldg Bond Redemption 1975 - State | 1,601 | ||||||||||||||||||||
| 2,019,427 | 2,019,427 | Soc/Health Service Bond Redemp 1976 - State | 19,259 | ||||||||||||||||||
| St Emer Water Proj Bond Redemp 1977 - State | 10,068 | ||||||||||||||||||||
| 8,272,858 | 5,346,932 | State Hi Ed Bond Retirement 1977 - State | 15,755 | 2,925,926 | |||||||||||||||||
| 1,071,805 | 797,132 | Salmon Enhance Const Bond Retire - State | 10,495 | 274,673 | |||||||||||||||||
| 3,520,913 | 918,890 | Hi Ed Bond Retirement Account 1979 - State | 4,748,987 | 2,602,023 | |||||||||||||||||
| WSU Bond Retirement Account 1977 - State | 2,173 | ||||||||||||||||||||
| 754,844 | 376,844 | St Fire Ser Trng Ctr Bond Retire 77 - State | 378,000 | ||||||||||||||||||
| Inst of Hi Ed Refund Bond Retire 77 - State | 3,039,743 | ||||||||||||||||||||
| 4,000,000 | 2,000,000 | St Hi Ed Bond Retirement Acct 1988 - State | 2,000,000 | ||||||||||||||||||
| 1,060,331,099 | 1,060,297,964 | St Gen Obligation Bond Retire 1979 - State | 87,996,052 | 33,135 | |||||||||||||||||
| Debt Serv from Bonds Subj to Debt L - State | 12,473,000 | ||||||||||||||||||||
| Debt Serv for Reimb Bonds Exc Dbt L - State | 98,345,000 | ||||||||||||||||||||
| Debt Serv for Rev Bonds Exclude D L - State | 2,451,000 | ||||||||||||||||||||
| Debt Serv G/F Excluded Debt Limit - State | 25,141,000 | ||||||||||||||||||||
| Energy Efficiency Services Account - State | 55,674 | ||||||||||||||||||||
| 5,548,000 | 266,003 | Accident Account - State | 5,279,486 | 5,281,997 | 5,108,000 | ||||||||||||||||
| 5,548,000 | 266,003 | Medical Aid Account - State | 5,279,486 | 5,281,997 | 5,108,000 | ||||||||||||||||
|
2,277,187,059 |
1,140,396,323 | Total Appropriated Funds |
1,084,253,597 |
1,136,790,736 |
1,420,027,000 | ||||||||||||||||
| Operating Budget: Summary by Object
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Personal Service Contracts | 305,977 | 474,216 | 436,614 | 613,302 | 440,008 | |||||||||||||
| Goods And Services | 282,427 | 599,379 | 513,707 | 504,090 | 361,549 | |||||||||||||
| Travel | 7,518 | 5,025 | 14,679 | 18,664 | 13,387 | |||||||||||||
| Inter Agency/Fund Transfers | 4 | (245,403) | ||||||||||||||||
| Debt Service | 559,801,084 | 555,215,116 | 579,777,403 | 674,887,817 | 743,188,183 | |||||||||||||
| Annual Total |
560,397,010 |
556,048,333 |
580,742,403 |
676,023,873 |
744,003,127 | |||||||||||||
| Operating Budget: Program Summary
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Debt Subject to the Debt Limit | 362,416,510 | 395,420,944 | 428,256,709 | 459,576,173 | 489,732,827 | |||||||||||||
| Proprietary Debt | 17,241,416 | 14,993,220 | 17,584,138 | 21,175,109 | 23,121,891 | |||||||||||||
| Reimbursable Debt | 65,193,550 | 20,888,729 | 19,286,834 | 64,806,661 | 82,638,339 | |||||||||||||
| Motor Vehicle Fuel Tax Debt | 101,237,287 | 109,914,440 | 113,421,672 | 121,022,199 | 124,524,801 | |||||||||||||
| Other Revenue Bonds | 4,619,498 | 1,057,675 | 1,228,050 | 1,226,200 | 1,224,800 | |||||||||||||
| Bond Sale Expenses | 9,688,749 | 13,773,325 | 965,000 | 1,822,531 | 2,188,469 | |||||||||||||
| Debt Excluded from the Debt Limit | 6,395,000 | 20,572,000 | ||||||||||||||||
| Annual Total |
560,397,010 |
556,048,333 |
580,742,403 |
676,023,873 |
744,003,127 | |||||||||||||
| Fiscal Year 1993-94 | 523,856,587 | |||||||||||||||||
| Biennium Total |
1,084,253,597 |
1,136,790,736 |
1,420,027,000 | |||||||||||||||
| Operating Budget: Change from Preceding Biennium
| ||||||||||||||||||||||||||
| 1993-95 Actual | 1995-97 Estimated | 1997-99 Proposed | ||||||||||||||||||||||||
| Amount | Percent | Amount | Percent | Amount | Percent | |||||||||||||||||||||
| Debt Subject to the Debt Limit | 129,163,155 | 23.0% | 132,974,976 | 19.3% | 125,631,347 | 15.3% | ||||||||||||||||||||
| Proprietary Debt | 2,451,619 | 7.7% | (1,811,192) | (5.3)% | 11,719,642 | 36.0% | ||||||||||||||||||||
| Reimbursable Debt | 17,675,392 | 16.7% | (83,505,044) | (67.5)% | 107,269,437 | 267.0% | ||||||||||||||||||||
| Motor Vehicle Fuel Tax Debt | (8,157,990) | (3.9)% | 19,726,766 | 9.7% | 22,210,888 | 9.9% | ||||||||||||||||||||
| Other Revenue Bonds | (2,442,311) | (20.8)% | (7,025,413) | (75.5)% | 165,275 | 7.2% | ||||||||||||||||||||
| Bond Sale Expenses | (2,701,761) | (10.7)% | (7,822,954) | (34.7)% | (10,727,325) | (72.8)% | ||||||||||||||||||||
| Debt Excluded from the Debt Limit | 26,967,000 | |||||||||||||||||||||||||
| Total |
135,988,104 |
14.3% |
52,537,139 |
4.8% |
283,236,264 |
24.9% | ||||||||||||||||||||
Program Level Detail
Debt Subject
to the Debt Limit
| Expenditure Detail
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Other Operating Costs | 362,416,510 | 395,420,944 | 428,256,709 | 459,576,173 | 489,732,827 | |||||||||||||
| Annual Total |
362,416,510 |
395,420,944 |
428,256,709 |
459,576,173 |
489,732,827 | |||||||||||||
| Fiscal Year 1993-94 | 328,286,167 | |||||||||||||||||
| Biennium Total |
690,702,677 |
823,677,653 |
949,309,000 | |||||||||||||||
| Source of Funds
| |||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | |||||||||||||||
| General Fund - Basic Account - State | 361,796,568 | 394,733,939 | 417,727,856 | 451,724,235 | 484,042,765 | ||||||||||||||
| State Building Construction Account - State | 606,483 | ||||||||||||||||||
| Puget Sound Capital Construction - State | 29 | 225,063 | 199,937 | ||||||||||||||||
| Motor Vehicle Account - State | 46,750 | 41,250 | |||||||||||||||||
| Urban Arterial Trust Account - State | 2,000 | 3,000 | |||||||||||||||||
| Transportation Improvement Account - State | 200,000 | ||||||||||||||||||
| Special Category C Account - State | 175,125 | 174,875 | |||||||||||||||||
| Transportation Capital Facilities - State | 1,000 | ||||||||||||||||||
| Fisheries Bond Retirement Acct-1977 - State | 925 | 196 | |||||||||||||||||
| Comm Coll Cap Improv Bond Redemp 72 - State | 425,550 | ||||||||||||||||||
| Waste Disposal Fac Bond Redemption - State | 4,290 | 3,981,630 | |||||||||||||||||
| Water Supply Fac Bond Redemption - State | 483,000 | ||||||||||||||||||
| Indian Cultural Center Bond Redemp - State | 63,000 | ||||||||||||||||||
| Soc/Health Service Bond Redemp 1976 - State | 1,662 | ||||||||||||||||||
| State Hi Ed Bond Retirement 1977 - State | 10,012 | 2,926 | 2,923,000 | ||||||||||||||||
| Salmon Enhance Const Bond Retire - State | 831 | 274,673 | |||||||||||||||||
| Hi Ed Bond Retirement Account 1979 - State | 679,593 | ||||||||||||||||||
| St Fire Ser Trng Ctr Bond Retire 77 - State | 378,000 | ||||||||||||||||||
| St Hi Ed Bond Retirement Acct 1988 - State | 2,000,000 | ||||||||||||||||||
| Debt Serv from Bonds Subj to Debt L - State | 7,403,000 | 5,070,000 | |||||||||||||||||
| Annual Total |
362,416,510 |
395,420,944 |
428,256,709 |
459,576,173 |
489,732,827 | ||||||||||||||
| Expenditure Detail
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Other Operating Costs | 17,241,416 | 14,993,220 | 17,584,138 | 21,175,109 | 23,121,891 | |||||||||||||
| Annual Total |
17,241,416 |
14,993,220 |
17,584,138 |
21,175,109 |
23,121,891 | |||||||||||||
| Fiscal Year 1993-94 | 17,147,134 | |||||||||||||||||
| Biennium Total |
34,388,550 |
32,577,358 |
44,297,000 | |||||||||||||||
| Source of Funds
| |||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | |||||||||||||||
| State Convention & Trade Center - State | 11,962,656 | 12,092,203 | 12,405,898 | 16,067,109 | 18,013,891 | ||||||||||||||
| St Gen Obligation Bond Retire 1979 - State | 1,102 | 33,135 | |||||||||||||||||
| Accident Account - State | 2,638,829 | 1,433,941 | 2,589,120 | 2,554,000 | 2,554,000 | ||||||||||||||
| Medical Aid Account - State | 2,638,829 | 1,433,941 | 2,589,120 | 2,554,000 | 2,554,000 | ||||||||||||||
| Annual Total |
17,241,416 |
14,993,220 |
17,584,138 |
21,175,109 |
23,121,891 | ||||||||||||||
| Expenditure Detail
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Other Operating Costs | 65,193,550 | 20,888,729 | 19,286,834 | 64,806,661 | 82,638,339 | |||||||||||||
| Annual Total |
65,193,550 |
20,888,729 |
19,286,834 |
64,806,661 |
82,638,339 | |||||||||||||
| Fiscal Year 1993-94 | 58,487,057 | |||||||||||||||||
| Biennium Total |
123,680,607 |
40,175,563 |
147,445,000 | |||||||||||||||
| Source of Funds
| |||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | |||||||||||||||
| General Fund - Basic Account - State | 13,847,877 | 16,630,736 | 18,487,169 | 23,297,223 | 25,802,777 | ||||||||||||||
| Puget Sound Capital Construction - State | 1,414 | ||||||||||||||||||
| Urban Arterial Trust Account - State | 1,386 | ||||||||||||||||||
| St Bldg/Park Bond Redemption 1969 - State | 167,675 | ||||||||||||||||||
| Comm Coll Cap Const Bond Retire 75 - State | 458,368 | 449,681 | |||||||||||||||||
| Hi Ed Bond Retirement Account 1979 - State | 2,086,166 | 1,122,765 | 799,665 | ||||||||||||||||
| St Gen Obligation Bond Retire 1979 - State | 48,798,339 | ||||||||||||||||||
| Debt Serv for Reimb Bonds Exc Dbt L - State | 41,509,438 | 56,835,562 | |||||||||||||||||
| Accident Account - State | 1,258,936 | ||||||||||||||||||
| Medical Aid Account - State | 1,258,936 | ||||||||||||||||||
| Annual Total |
65,193,550 |
20,888,729 |
19,286,834 |
64,806,661 |
82,638,339 | ||||||||||||||
| Expenditure Detail
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Other Operating Costs | 101,237,287 | 109,914,440 | 113,421,672 | 121,022,199 | 124,524,801 | |||||||||||||
| Annual Total |
101,237,287 |
109,914,440 |
113,421,672 |
121,022,199 |
124,524,801 | |||||||||||||
| Fiscal Year 1993-94 | 102,372,059 | |||||||||||||||||
| Biennium Total |
203,609,346 |
223,336,112 |
245,547,000 | |||||||||||||||
| Source of Funds
| |||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | |||||||||||||||
| Puget Sound Capital Construction - State | 8,974 | ||||||||||||||||||
| Urban Arterial Trust Account - State | 8,107 | ||||||||||||||||||
| Highway Bond Retirement Account - State | 88,860,955 | 95,499,414 | 96,599,352 | 97,739,621 | 97,322,379 | ||||||||||||||
| Ferry Bond Retirement Account - State | 12,359,251 | 14,415,026 | 16,822,320 | 22,809,657 | 26,161,343 | ||||||||||||||
| Trans Improvement Board Bond Retire - State | 472,921 | 750,079 | |||||||||||||||||
| Fisheries Bond Retirement Acct-1977 - State | 291,000 | ||||||||||||||||||
| Annual Total |
101,237,287 |
109,914,440 |
113,421,672 |
121,022,199 |
124,524,801 | ||||||||||||||
| Expenditure Detail
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Other Operating Costs | 4,619,498 | 1,057,675 | 1,228,050 | 1,226,200 | 1,224,800 | |||||||||||||
| Annual Total |
4,619,498 |
1,057,675 |
1,228,050 |
1,226,200 |
1,224,800 | |||||||||||||
| Fiscal Year 1993-94 | 4,691,640 | |||||||||||||||||
| Biennium Total |
9,311,138 |
2,285,725 |
2,451,000 | |||||||||||||||
| Source of Funds
| |||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | |||||||||||||||
| Common School Bldg Bond Redemp 1967 - State | 3,390,698 | ||||||||||||||||||
| St Bldg/Park Bond Redemption 1969 - State | 1,228,800 | 1,057,675 | 1,228,050 | ||||||||||||||||
| Debt Serv for Rev Bonds Exclude D L - State | 1,226,200 | 1,224,800 | |||||||||||||||||
| Annual Total |
4,619,498 |
1,057,675 |
1,228,050 |
1,226,200 |
1,224,800 | ||||||||||||||
| Expenditure Detail
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Other Operating Costs | 9,688,749 | 13,773,325 | 965,000 | 1,822,531 | 2,188,469 | |||||||||||||
| Annual Total |
9,688,749 |
13,773,325 |
965,000 |
1,822,531 |
2,188,469 | |||||||||||||
| Fiscal Year 1993-94 | 12,872,530 | |||||||||||||||||
| Biennium Total |
22,561,279 |
14,738,325 |
4,011,000 | |||||||||||||||
| Source of Funds
| |||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | |||||||||||||||
| General Fund - Basic Account - State | 657,677 | 91,901 | 115,000 | 115,000 | 115,000 | ||||||||||||||
| Higher Education Construction Acct - State | 2,841 | ||||||||||||||||||
| State Convention & Trade Center - State | 31,179 | 3,229 | |||||||||||||||||
| State Building Construction Account - State | 7,479,981 | 13,496,454 | 766,006 | 1,606,265 | 2,018,735 | ||||||||||||||
| Puget Sound Capital Construction - State | (31,095) | 38,331 | 49,739 | 26,261 | |||||||||||||||
| Motor Vehicle Account - State | 1,044,701 | 66,912 | 10,989 | 7,597 | 6,403 | ||||||||||||||
| Urban Arterial Trust Account - State | 95,836 | ||||||||||||||||||
| Transportation Improvement Account - State | 5,830 | 170 | |||||||||||||||||
| Special Category C Account - State | 211,421 | 31,833 | 38,100 | 21,900 | |||||||||||||||
| Hi Ed Reimbursable Construction - State | 240,389 | 50,088 | |||||||||||||||||
| Fruit Commission Facilities Account - State | 12,434 | ||||||||||||||||||
| Highway Bond Retirement Account - State | 9,449 | ||||||||||||||||||
| Ferry Bond Retirement Account - State | 1,518 | ||||||||||||||||||
| Annual Total |
9,688,749 |
13,773,325 |
965,000 |
1,822,531 |
2,188,469 | ||||||||||||||
Debt Excluded
from the Debt Limit
| Expenditure Detail
| ||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | ||||||||||||||
| Other Operating Costs | 6,395,000 | 20,572,000 | ||||||||||||||||
| Annual Total |
6,395,000 |
20,572,000 | ||||||||||||||||
| Biennium Total |
26,967,000 | |||||||||||||||||
| Source of Funds
| |||||||||||||||||||
| 1994-95 Actual | 1995-96 Estimated | 1996-97 Estimated | 1997-98 Proposed | 1998-99 Proposed | |||||||||||||||
| Transportation Account - State | 913,000 | 913,000 | |||||||||||||||||
| Debt Serv G/F Excluded Debt Limit - State | 5,482,000 | 19,659,000 | |||||||||||||||||
| Annual Total |
6,395,000 |
20,572,000 | |||||||||||||||||