Statement of Revenues, Expenditures and
Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2014
(Expressed in Thousands)
Restricted   Total
Debt Grants & Grant & Other Governmental
General Service Transportation Accounts Loan Programs Funds Funds
Revenues
Taxes $14,258,388 $- $963,635 $- $- $- $15,222,023
Assessments - - - - - - -
Licenses, Permits, and Fees 311,497 - 325,842 13,719 - 40,970 692,028
Tobacco Settlement - - - - - 197,138 197,138
Federal Grants and Aid 1,910,750 - 12,100 5,084,106 - 99,941 7,106,897
Lottery Tickets 319,500 - - - - - 319,500
Charges for Services 40,523 - 66,597 - - 850 107,970
Fines, Forfeits, and Rents 78,915 - 17,709 - - 1,191 97,815
Casino Gaming Payments 279,873 - - - - - 279,873
Investment Earnings (Loss) 814 9,773 405 1,170 4,044 9,915 26,121
Interest on Loans - - - - - 53 53
Miscellaneous 200,073 - 6,867 508,254 12,263 125,879 853,336
Total Revenues 17,400,333 9,773 1,393,155 5,607,249 16,307 475,937 24,902,754
Expenditures
Current:
Legislative 113,797 - - 2,547 - - 116,344
General Government 984,839 - 5,357 388,177 480,752 93,159 1,952,284
Regulation and Protection 422,638 - 93,567 141,663 10,580 190,002 858,450
Conservation and Development 283,539 - - 240,085 219,817 202,111 945,552
Health and Hospitals 2,275,028 - - 194,221 14,432 5,068 2,488,749
Transportation - - 754,400 725,167 3,065 - 1,482,632
Human Services 4,046,310 - - 3,773,912 7,646 7,809 7,835,677
Education, Libraries, and Museums 3,930,105 - - 528,085 47,634 4,090 4,509,914
Corrections 2,000,037 - - 21,874 4,682 4,249 2,030,842
Judicial 889,430 - - 18,369 - 48,365 956,164
Capital Projects - - - - - 955,785 955,785
Debt Service:
Principal Retirement 1,032,688 290,615 - - - - 1,323,303
Interest and Fiscal Charges 612,753 175,531 1,181 94,531 2,316 7,425 893,737
Total Expenditures 16,591,164 466,146 854,505 6,128,631 790,924 1,518,063 26,349,433
Excess (Deficiency) of Revenues Over Expenditures 809,169 (456,373) 538,650 (521,382) (774,617) (1,042,126) (1,446,679)
Other Financing Sources (Uses)
Bonds Issued 579,315 - - - 563,911 1,617,799 2,761,025
Premiums on Bonds Issued 82,744 102,233 - - 41,282 164,297 390,556
Transfers In 249,205 459,599 6,331 258,643 4,000 81,135 1,058,913
Transfers Out (1,214,647) (7,038) (546,731) (50,614) (39,466) (748,369) (2,606,865)
Refunding Bonds Issued 314,295 966,415 - - - - 1,280,710
Payment to Refunded Bond Escrow Agent (312,713) (1,065,406) - - - - (1,378,119)
Capital Lease Obligations 8,828 - - - - - 8,828
Special Item: Transfer from Component Unit 31,000 - - - - - 31,000
Total Other Financing Sources (Uses) (261,973) 455,803 (540,400) 208,029 569,727 1,114,862 1,546,048
Net Change in Fund Balances 547,196 (570) (1,750) (313,353) (204,890) 72,736 99,369
Fund Balances (Deficit) - Beginning (588,622) 660,113 228,543 359,067 673,470 665,203 1,997,774
Change in Reserve for Inventories 234 - (254) - - - (20)
Fund Balances (Deficit) - Ending $(41,192) $659,543 $226,539 $45,714 $468,580 $737,939 $2,097,123

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