State of Connecticut

Statement of Revenues, Expenditures, and Changes in Fund Balances
Budget and Actual - Non-GAAP Budgetary Basis
General and Transportation Funds

For the Fiscal Year Ended June 30, 2008
(Expressed in Thousands)

General Fund Transportation Fund
Variance
with
Variance
with
Budget Final
Budget
Budget Final
Budget
Revenues Original Final Actual positive
(negative)
Original Final Actual positive
(negative)
Budgeted:                
Taxes, Net of Refunds $12,453,200 $12,460,900 $12,523,911 $63,011 $707,000 $683,100 $680,787 $(2,313)
Operating Transfers In 397,900 402,900 402,904 4 - - - -
Casino Gaming Payments 437,500 411,400 411,410 10 - - - -
Licenses, Permits, and Fees 163,600 171,700 171,739 39 400,600 380,000 379,286 (714)
Other 323,200 297,400 294,020 (3,380) 47,000 36,500 36,555 55
Federal Grants 2,643,100 2,701,900 2,701,602 (298) - - - -
Refunds of Payments (600) (500) (501) (1) (2,900) (2,600) (2,719) (119)
Operating Transfers Out (102,300) (102,300) (86,300) 16,000 (9,500) (9,500) (9,500) -
Transfer Out - Transportation Strategy Board - - - - (15,300) (20,800) (20,800) -
Total Revenues 16,315,600 16,343,400 16,418,785 75,385 1,126,900 1,066,700 1,063,609 (3,091)
Expenditures                
Budgeted:                
Legislative 79,555 79,731 72,488 7,243 - - - -
General Government 712,529 668,423 602,849 65,574 2,375 2,375 2,362 13
Regulation and Protection 293,121 296,294 280,991 15,303 78,908 79,201 61,743 17,458
Conservation and Development 146,712 151,163 119,758 31,405 - - - -
Health and Hospitals 1,602,576 1,629,473 1,606,711 22,762 - - - -
Transportation 30,081 15,981 127 15,854 489,662 510,906 492,749 18,157
Human Services 4,782,044 4,767,410 4,629,658 137,752 - - - -
Education, Libraries, and Museums 4,065,649 4,118,889 3,892,796 226,093 - - - -
Corrections 1,560,047 1,584,434 1,549,792 34,642 - - - -
Judicial 518,291 522,002 515,738 6,264 - - - -
Non Functional 3,471,818 3,446,008 3,356,539 89,469 579,552 574,696 540,082 34,614
Total Expenditures 17,262,423 17,279,808 16,627,447 652,361 1,150,497 1,167,178 1,096,936 70,242
Appropriations Lapsed 116,480 150,800 - (150,800) 11,000 31,500 - (31,500)
Excess (Deficiency) of Revenues                
Over Expenditures (830,343) (785,608) (208,662) 576,946 (12,597) (68,978) (33,327) 35,651
Other Financing Sources (Uses)                
Prior Year Appropriations Carried Forward 831,070 831,070 831,070 - 40,662 40,662 40,662 -
Appropriations Continued to Fiscal Year 2009 - - (504,098) (504,098) - - (38,693) (38,693)
Miscellaneous Adjustments - (23,128) (18,890) 4,238 - 16,683 16,681 (2)
Total Other Financing Sources (Uses) 831,070 807,942 308,082 (499,860) 40,662 57,345 18,650 (38,695)
Net Change in Fund Balance $727 $22,334 99,420 $77,086 $28,065 $(11,633) (14,677) $(3,044)
Budgetary Fund Balances - July 1     1,181,229       233,608  
Changes in Reserves     (596,244)       (1,968)  
Budgetary Fund Balances - June 30     $684,405       $216,963  

The accompanying notes are an integral part of the financial statements.