PROVIDENCE, R.I. -- Rhode Island had a $97 million surplus following the budget year ending June 30, according to preliminary figures from State Controller Marc A. Leonetti's office.
The new surplus estimate is about $3.6 million more than the $93.4 million that state lawmakers had assumed in the budget they approved and Governor Chafee signed into law for the current year, which started July 1.
The fiscal 2013 surplus comes after state expenditures came in $18.4 million less than budgeted and general revenues were $8 million less than expected.
The state controller's closing statement for the prior budget year must be submitted annually to the General Assembly by Sept. 1.
The report shows that a number of large state agencies came in under budget.
The state Department of Administration, which includes the budget, policy and legal offices, spent $260.9 million in fiscal 2013, or about $4.5 million less than appropriated.
The General Assembly underspent its $40.4 million allocation by about $4.7 million.
And the Office of Health and Human Service, which oversees Medicaid and other major health programs, underspent by $8 million. Its final spending is estimated at $770.8 million.
A few large departments exceeded their budgets, however.
The Department of Human Services overspent its $95.7 million allocation by about $1.8 million, and the Department of Behavioral Healthcare, Developmental Disabilities and Hospitals exceeded its $193.2 million budget by about $4.5 million.
The report also shows that the state's "budget reserve and cash stabilization account" is fully funded with a balance of $171.6 million and that the Capital Fund has a balance of $126.7 million.