Statement of Revenues, Expenditures and Changes in Fund Balances |
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Governmental Funds | ||||||
For the Fiscal Year Ended June 30, 2008 | ||||||
(Expressed in Thousands) | ||||||
Restricted | Total | |||||
---|---|---|---|---|---|---|
Debt | Grants & | Other | Governmental | |||
General | Service | Transportation | Accounts | Funds | Funds | |
Revenues | ||||||
Taxes | $12,296,461 | $- | $680,590 | $10,000 | $27,835 | $13,014,886 |
Assessments | - | - | - | - | 21,457 | 21,457 |
Licenses, Permits and Fees | 171,940 | - | 307,816 | 8,935 | 61,334 | 550,025 |
Tobacco Settlement | - | - | - | - | 141,347 | 141,347 |
Federal Grants and Aid | 3,045,810 | - | - | 1,601,890 | 70,156 | 4,717,856 |
Charges for Services | 30,012 | - | 64,184 | - | 5,947 | 100,143 |
Fines, Forfeits and Rents | 40,942 | - | 30,082 | 50 | 2,370 | 73,444 |
Casino Gaming Payments | 411,410 | - | - | - | - | 411,410 |
Investment Earnings | 63,867 | 34,670 | 11,485 | 5,429 | 17,039 | 132,490 |
Miscellaneous | 141,296 | - | 8,201 | 464,402 | 79,383 | 693,282 |
Total Revenues | 16,201,738 | 34,670 | 1,102,358 | 2,090,706 | 426,868 | 19,856,340 |
Expenditures | ||||||
Current: | ||||||
Legislative | 101,455 | - | - | 2,705 | - | 104,160 |
General Government | 1,144,111 | - | 2,333 | 277,166 | 202,414 | 1,626,024 |
Regulation and Protection | 378,024 | - | 88,895 | 84,987 | 183,969 | 735,875 |
Conservation and Development | 149,621 | - | - | 98,838 | 194,060 | 442,519 |
Health and Hospitals | 1,944,217 | - | - | 200,488 | 9,543 | 2,154,248 |
Transportation | - | - | 632,267 | 554,782 | 3,601 | 1,190,650 |
Human Services | 4,979,489 | - | - | 392,456 | 18,434 | 5,390,379 |
Education, Libraries, and Museums | 5,123,150 | - | - | 460,517 | 723,403 | 6,307,070 |
Corrections | 1,918,709 | - | - | 24,738 | 5,895 | 1,949,342 |
Judicial | 721,643 | - | - | 15,091 | 17,489 | 754,223 |
Capital Projects | - | - | - | - | 341,148 | 341,148 |
Debt Service: | ||||||
Principal Retirement | 877,160 | 275,789 | 604 | - | - | 1,153,553 |
Interest and Fiscal Charges | 610,316 | 144,954 | 3,581 | 44,161 | 7,285 | 810,297 |
Total Expenditures | 17,947,895 | 420,743 | 727,680 | 2,155,929 | 1,707,241 | 22,959,488 |
Excess (Deficiency) of Revenues Over Expenditures | (1,746,157) | (386,073) | 374,678 | (65,223) | (1,280,373) | (3,103,148) |
Other Financing Sources (Uses) | ||||||
Bonds Issued | 2,127,310 | - | - | 176,313 | 1,385,000 | 3,688,623 |
Premiums on Bonds Issued | 333 | 11,557 | - | - | 57,889 | 69,779 |
Transfers In | 405,351 | 417,172 | 41,941 | 204,340 | 142,640 | 1,211,444 |
Transfers Out | (1,207,015) | (25,439) | (447,472) | (3,053) | (310,510) | (1,993,489) |
Refunding Bonds Issued | - | 231,085 | - | - | - | 231,085 |
Payment to Refunded Bond Escrow Agent | - | (241,560) | - | - | - | (241,560) |
Capital Lease Obligations | 437 | - | - | - | - | 437 |
Total Other Financing Sources (Uses) | 1,326,416 | 392,815 | (405,531) | 377,600 | 1,275,019 | 2,966,319 |
Net Change in Fund Balances | (419,741) | 6,742 | (30,853) | 312,377 | (5,354) | (136,829) |
Fund Balances - Beginning (as restated) | 1,331,768 | 676,894 | 248,169 | 353,645 | 652,814 | 3,263,290 |
Changes in Reserves for Inventories | (8,737) | - | 3,060 | - | - | (5,677) |
Fund Balances - Ending | $903,290 | $683,636 | $220,376 | $666,022 | $647,460 | $3,120,784 |
The accompanying notes are an integral part of the financial statements.