Statement of Revenues, Expenditures and
Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2016
(Expressed in Thousands)
Restricted   Total
Debt Grants & Grant & Other Governmental
General Service Transportation Accounts Loan Programs Funds Funds
Revenues
Taxes $15,217,329 - $947,123 $- $- $- $16,164,452
Assessments 293,494 - 341,359 11,587 - 87,499 733,939
Licenses, Permits, and Fees - - - - - 120,448 120,448
Tobacco Settlement 1,857,171 - 12,181 6,016,992 - 71,654 7,957,998
Federal Grants and Aid 222 - - - - - 222
Lottery Tickets 335,387 - - - - - 335,387
Charges for Services 43,466 - 64,726 - - 938 109,130
Fines, Forfeits, and Rents 14,183 - 20,461 - - 847 35,491
Casino Gaming Payments 265,907 - - - - - 265,907
Investment Earnings (Loss) 828 11,621 2,376 1,258 5,748 2,653 24,484
Interest on Loans - - - - - 35 35
Miscellaneous 186,727 - 5,607 725,829 11,856 138,299 1,068,318
Total Revenues 18,214,714 11,621 1,393,833 6,755,666 17,604 422,373 26,815,811
Expenditures
Current:
Legislative 121,301 - - 3,192 - 304 124,797
General Government 1,139,008 - 4,994 276,936 777,714 108,610 2,307,262
Regulation and Protection 446,840 - 110,904 110,246 19,806 181,370 869,166
Conservation and Development 260,509 - 4,280 343,942 249,087 145,353 1,003,171
Health and Hospitals 2,229,113 - - 246,212 16,196 44,284 2,535,805
Transportation - - 822,611 776,671 81,618 - 1,680,900
Human Services 4,023,630 - 2,177 4,299,483 12,255 8,170 8,345,715
Education, Libraries, and Museums 4,237,789 - - 566,732 37,325 3,641 4,845,487
Corrections 2,059,744 - - 22,441 915 3,530 2,086,630
Judicial 958,845 - - 19,943 - 51,536 1,030,324
Capital Projects - - - - - 1,202,184 1,202,184
Debt Service:
Principal Retirement 1,379,667 256,845 - - - - 1,636,512
Interest and Fiscal Charges 587,267 206,658 1,024 148,632 3,179 7,789 954,549
Total Expenditures 17,443,713 463,503 945,990 6,814,430 1,198,095 1,756,771 28,622,502
Excess (Deficiency) of Revenues Over Expenditures 771,001 (451,882) 447,843 (58,764) (1,180,491) (1,334,398) (1,806,691)
Other Financing Sources (Uses)
Bonds Issued - - - - 1,113,711 1,847,799 2,961,510
Premiums on Bonds Issued - 121,751 - - 75,503 245,078 442,332
Transfers In 177,206 526,021 5,875 212,112 - 87,807 1,009,021
Transfers Out (1,375,408) (6,485) (499,415) (40,270) (72,325) (761,413) (2,755,316)
Refunding Bonds Issued - 721,635 - - - - 721,635
Payment to Refunded Bond Escrow Agent - (841,226) - - - - (841,226)
Capital Lease Obligations 3,034 - - - - - 3,034
Total Other Financing Sources (Uses) (1,195,168) 521,696 (493,540) 171,842 1,116,889 1,419,271 1,540,990
Net Change in Fund Balances (424,167) 69,814 (45,697) 113,078 (63,602) 84,873 (265,701)
Fund Balances (Deficit) - Beginning (189,849) 668,426 257,288 84,806 753,049 535,875 2,109,595
Change in Reserve for Inventories (173) - 299 - - - 126
Fund Balances (Deficit) - Ending (614,189) 738,240 211,890 197,884 689,447 620,748 1,844,020
$(614,189) $738,240 $211,890 $197,884 $689,447 $620,748 $1,844,020

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