State of Connecticut

ACCOUNTING BASIS OF THE REPORT

This report has been prepared on a modified cash basis of accounting, consistent with the prior
fiscal year.

Expenditures are charged against appropriations of the year in which they are paid.

Revenues are recognized when received except, in the General and Transportation Funds, for certain accrued taxes and Indian gaming payments which are recognized when earned. The amount of accrued taxes and Indian gaming payments recorded at June 30, 2013, and June 30, 2012, are as follows:

Fiscal Year Ended June 30,
(In Thousands)
2013
2012
General Fund    
Taxes:    
Personal Income $549,151 $524,104
Sales and Use 504,569 456,004
Corporation 22,153 14,018
Public Service Corporations 55,738 58,195
Cigarettes 20,689 21,320
Real Estate Conveyance 23,919 19,203
    Petroleum Companies 89,144 88,197
Electric Generation 8,920 16,763
Alcoholic Beverages 8,401 7,624
Health Provider 121,470 123,699
Rent, Fines, and Escheats 8,786 7,827
Indian Gaming Payments 24,116 27,839
Total General Fund 1,437,056 1,364,793
Transportation Fund    
Gasoline 31,077 31,646
Special Motor Fuel 10,597 9,932
Motor Carrier Road 1,395 1,753
Total Transportation Fund 43,069 43,331
Totals $1,480,125 $1,408,124