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, 2014
(Expressed in Thousands)
| General Fund | Transportation Fund | |||||||
|---|---|---|---|---|---|---|---|---|
|
Variance with |
Variance with |
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| Budget |
Final Budget |
Budget |
Final Budget |
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|
Revenues Budgeted: |
Original | Final | Actual |
positive (negative) |
Original | Final | Actual |
positive (negative) |
| Taxes, Net of Refunds | $14,334,000 | $14,278,800 | $14,323,136 | $44,336 | $955,500 | $963,700 | $963,981 | $281 |
| Casino Gaming Payments | 285,300 | 279,900 | 279,873 | (27) | - | - | - | - |
| Licenses, Permits, and Fees | 301,200 | 319,200 | 314,721 | (4,479) | 372,500 | 372,400 | 374,453 | 2,053 |
| Other | 323,150 | 378,200 | 377,843 | (357) | 3,800 | 5,500 | 6,771 | 1,271 |
| Federal Grants | 1,312,700 | 1,244,100 | 1,243,861 | (239) | 13,100 | 12,100 | 12,100 | - |
| Refunds of Payments | (69,800) | (66,600) | (66,625) | (25) | (3,200) | (3,600) | (3,614) | (14) |
| Operating Transfers In | 420,900 | 430,200 | 430,219 | 19 | (76,500) | (76,500) | (76,500) | - |
| Operating Transfers Out | (61,800) | (61,800) | (61,800) | - | (6,500) | (6,500) | (6,500) | - |
| Transfer to/from the Resources of the General Fund | 347,500 | 338,100 | 168,328 | (169,772) | - | - | - | - |
| GAAP Conversion Bond Proceeds | - | - | 598,500 | 598,500 | - | - | - | - |
| Transfer Out - Transportation Strategy Board | - | - | - | - | (15,000) | (15,000) | (15,000) | - |
| Total Revenues | 17,193,150 | 17,140,100 | 17,608,056 | 467,956 | 1,243,700 | 1,252,100 | 1,255,691 | 3,591 |
| Expenditures | ||||||||
| Budgeted: | ||||||||
| Legislative | 82,851 | 82,851 | 70,813 | 12,038 | - | - | - | - |
| General Government | 625,675 | 635,565 | 605,677 | 29,888 | 7,365 | 7,365 | 6,332 | 1,033 |
| Regulation and Protection | 280,265 | 292,268 | 277,873 | 14,395 | 72,756 | 70,756 | 57,457 | 13,299 |
| Conservation and Development | 230,022 | 233,919 | 220,921 | 12,998 | - | - | - | - |
| Health and Hospitals | 1,835,697 | 1,840,054 | 1,827,308 | 12,746 | - | - | - | - |
| Transportation | - | - | - | - | 577,360 | 588,364 | 578,123 | 10,241 |
| Human Services | 3,430,698 | 3,374,846 | 3,215,827 | 159,019 | - | - | - | - |
| Education, Libraries, and Museums | 4,724,620 | 4,740,315 | 4,695,646 | 44,669 | - | - | - | - |
| Corrections | 1,481,924 | 1,492,891 | 1,454,442 | 38,449 | - | - | - | - |
| Judicial | 577,052 | 585,368 | 569,056 | 16,312 | - | - | - | - |
| Non Functional | 4,204,970 | 4,181,500 | 4,042,481 | 139,019 | 638,009 | 633,505 | 624,361 | 9,144 |
| Total Expenditures | 17,473,774 | 17,459,577 | 16,980,044 | 479,533 | 1,295,490 | 1,299,990 | 1,266,273 | 33,717 |
| Appropriations Lapsed | 172,645 | 327,411 | - | (327,411) | 11,000 | 10,776 | - | (10,776) |
| Excess (Deficiency) of Revenues | - | |||||||
| Over Expenditures | (107,979) | 7,934 | 628,012 | 620,078 | (40,790) | (37,114) | (10,582) | 26,532 |
| Other Financing Sources (Uses) | ||||||||
| Prior Year Appropriations Carried Forward | 112,402 | 112,402 | 112,402 | - | 41,308 | 41,308 | 41,308 | - |
| Appropriations Continued to Fiscal Year 2015 | - | - | (85,920) | (85,920) | - | - | (26,340) | (26,340) |
| Release of 2013 Surplus Reserve | - | - | 190,800 | 190,800 | - | - | - | - |
| Miscellaneous Adjustments | - | 1,685 | 2,185 | 500 | - | - | - | - |
| Total Other Financing Sources (Uses) | 112,402 | 114,087 | 219,467 | 105,380 | 41,308 | 41,308 | 14,968 | (26,340) |
| Net Change in Fund Balance | $4,423 | $122,021 | 847,479 | $725,458 | $518 | $4,194 | 4,386 | $192 |
| Budgetary Fund Balances - July 1 | 514,660 | 205,921 | ||||||
| Changes in Reserves | (394,506) | (14,968) | ||||||
| Budgetary Fund Balances - June 30 | $967,633 | $195,339 | ||||||
The accompanying notes are an integral part of the financial statements.