Statement of Revenues, Expenditures, and Changes in Fund Balances
Budget and Actual - Non-GAAP Budgetary Basis
General and Transportation Funds
For the Fiscal Year Ended June 30, 2008
(Expressed in Thousands)
| General Fund | Transportation Fund | |||||||
|---|---|---|---|---|---|---|---|---|
|
Variance with |
Variance with |
|||||||
| Budget |
Final Budget |
Budget |
Final Budget |
|||||
| Revenues | Original | Final | Actual |
positive (negative) |
Original | Final | Actual |
positive (negative) |
| Budgeted: | ||||||||
| Taxes, Net of Refunds | $12,453,200 | $12,460,900 | $12,523,911 | $63,011 | $707,000 | $683,100 | $680,787 | $(2,313) |
| Operating Transfers In | 397,900 | 402,900 | 402,904 | 4 | - | - | - | - |
| Casino Gaming Payments | 437,500 | 411,400 | 411,410 | 10 | - | - | - | - |
| Licenses, Permits, and Fees | 163,600 | 171,700 | 171,739 | 39 | 400,600 | 380,000 | 379,286 | (714) |
| Other | 323,200 | 297,400 | 294,020 | (3,380) | 47,000 | 36,500 | 36,555 | 55 |
| Federal Grants | 2,643,100 | 2,701,900 | 2,701,602 | (298) | - | - | - | - |
| Refunds of Payments | (600) | (500) | (501) | (1) | (2,900) | (2,600) | (2,719) | (119) |
| Operating Transfers Out | (102,300) | (102,300) | (86,300) | 16,000 | (9,500) | (9,500) | (9,500) | - |
| Transfer Out - Transportation Strategy Board | - | - | - | - | (15,300) | (20,800) | (20,800) | - |
| Total Revenues | 16,315,600 | 16,343,400 | 16,418,785 | 75,385 | 1,126,900 | 1,066,700 | 1,063,609 | (3,091) |
| Expenditures | ||||||||
| Budgeted: | ||||||||
| Legislative | 79,555 | 79,731 | 72,488 | 7,243 | - | - | - | - |
| General Government | 712,529 | 668,423 | 602,849 | 65,574 | 2,375 | 2,375 | 2,362 | 13 |
| Regulation and Protection | 293,121 | 296,294 | 280,991 | 15,303 | 78,908 | 79,201 | 61,743 | 17,458 |
| Conservation and Development | 146,712 | 151,163 | 119,758 | 31,405 | - | - | - | - |
| Health and Hospitals | 1,602,576 | 1,629,473 | 1,606,711 | 22,762 | - | - | - | - |
| Transportation | 30,081 | 15,981 | 127 | 15,854 | 489,662 | 510,906 | 492,749 | 18,157 |
| Human Services | 4,782,044 | 4,767,410 | 4,629,658 | 137,752 | - | - | - | - |
| Education, Libraries, and Museums | 4,065,649 | 4,118,889 | 3,892,796 | 226,093 | - | - | - | - |
| Corrections | 1,560,047 | 1,584,434 | 1,549,792 | 34,642 | - | - | - | - |
| Judicial | 518,291 | 522,002 | 515,738 | 6,264 | - | - | - | - |
| Non Functional | 3,471,818 | 3,446,008 | 3,356,539 | 89,469 | 579,552 | 574,696 | 540,082 | 34,614 |
| Total Expenditures | 17,262,423 | 17,279,808 | 16,627,447 | 652,361 | 1,150,497 | 1,167,178 | 1,096,936 | 70,242 |
| Appropriations Lapsed | 116,480 | 150,800 | - | (150,800) | 11,000 | 31,500 | - | (31,500) |
| Excess (Deficiency) of Revenues | ||||||||
| Over Expenditures | (830,343) | (785,608) | (208,662) | 576,946 | (12,597) | (68,978) | (33,327) | 35,651 |
| Other Financing Sources (Uses) | ||||||||
| Prior Year Appropriations Carried Forward | 831,070 | 831,070 | 831,070 | - | 40,662 | 40,662 | 40,662 | - |
| Appropriations Continued to Fiscal Year 2009 | - | - | (504,098) | (504,098) | - | - | (38,693) | (38,693) |
| Miscellaneous Adjustments | - | (23,128) | (18,890) | 4,238 | - | 16,683 | 16,681 | (2) |
| Total Other Financing Sources (Uses) | 831,070 | 807,942 | 308,082 | (499,860) | 40,662 | 57,345 | 18,650 | (38,695) |
| Net Change in Fund Balance | $727 | $22,334 | 99,420 | $77,086 | $28,065 | $(11,633) | (14,677) | $(3,044) |
| Budgetary Fund Balances - July 1 | 1,181,229 | 233,608 | ||||||
| Changes in Reserves | (596,244) | (1,968) | ||||||
| Budgetary Fund Balances - June 30 | $684,405 | $216,963 | ||||||
The accompanying notes are an integral part of the financial statements.