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 | ||