Published July 1, 2025
About This Audit
As of December 31, 2024, total active deposits amounted to $615,588,938.38, with individual negative balances representing outstanding checks. Total time deposits stood at $21,765,500 across various banks, while the State Workers’ Insurance Fund deposits totaled $1,400,000. When combined, the total deposits equaled a negative balance of $592,423,438.38. The Commonwealth’s funds included significant balances in the Unemployment Compensation Contribution and Benefit Payment accounts, alongside smaller balances in the State System of Higher Education, TAP Account Investment Program, and the Unemployment Compensation Debt Service Fund, adding up to $150,918,886.67. This data reflects the financial status and cash fund balances as reported in the quarterly summary for December 2024.