ACCOUNTING BASIS OF THE REPORT

This report has been prepared on a modified cash basis of accounting, consistent with the prior fiscal year.

Expenditures are charged against appropriations of the year in which they are paid.

Revenues are recognized when received except, in the General and Transportation Funds, for certain accrued taxes and Indian gaming payments and for Federal and other restricted grant revenues which are recognized when earned. The amount of accrued taxes and Indian gaming payments recorded at June 30, 1997, and June 30, 1996, are as follows:

Fiscal Year Ended June 30,
(In Thousands)
19971996
General Fund
Taxes:
Sales and Use$ 311,228 $ 369,034
Personal Income 178,929 172,455
Hospital Gross Receipts 40,098 52,401
Public Service Corporations 34,336 36,700
Corporation 34,501 37,896
Petroleum Companies 21,341 21,546
Cigarettes 8,766 7,429
Alcoholic Beverages 3,655 5,000
Indian Gaming Payments 19,949 12,385
Total General Fund 652,803 714,846
Transportation Fund
Gasoline 43,308 40,637
Special Motor Fuel 3,280 3,154
Motor Carrier Road 427 833
Total Transportation Fund47,015 44,624
Totals $ 699,818 $ 759,470

Back to Index of Fiscal Year-End Report
Back to Comptroller's Home Page