State of Connecticut

ACCOUNTING BASIS OF THE REPORT

This report has been prepared on the accounting basis described on page 3.

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, 2015, and June 30, 2014, are as follows:

Fiscal Year Ended June 30,
(In Thousands)
 
    2015 2014
General Fund
Taxes:
Personal Income $629,975 $607,795
Sales and Use 396,090 418,633
Corporation 31,366 21,613
Public Service Corporations 52,694 66,980
Cigarettes 21,041 22,568
Real Estate Conveyance 26,772
27,628
Petroleum Companies 85,503
102,637
Electric Generation 7,473
6,495
Alcoholic Beverages 111,238 105,939
Health Provider 21,852 21,788
Rents, Fines and Escheats 9,306 9415
Indian Gaming Payments
21,852 21,788
 
Total General Fund 1,393,310 1,411,491
 
Transportation Fund
Gasoline 31,524 31,111
Special Motor Fuel 12,097 10,681
Motor Carrier Road 1,680 1,687
 
Total Transportation Fund 45,301 43,479
 
Totals $1,438,611 $1,454,970