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Statement of Revenues, Expenditures and Changes in Fund Balances |
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| Governmental Funds | |||||||
| For the Fiscal Year Ended June 30, 2014 | |||||||
| (Expressed in Thousands) | |||||||
| Restricted | Total | ||||||
|---|---|---|---|---|---|---|---|
| Debt | Grants & | Grant & | Other | Governmental | |||
| General | Service | Transportation | Accounts | Loan Programs | Funds | Funds | |
| Revenues | |||||||
| Taxes | $14,258,388 | $- | $963,635 | $- | $- | $- | $15,222,023 |
| Assessments | - | - | - | - | - | - | - |
| Licenses, Permits, and Fees | 311,497 | - | 325,842 | 13,719 | - | 40,970 | 692,028 |
| Tobacco Settlement | - | - | - | - | - | 197,138 | 197,138 |
| Federal Grants and Aid | 1,910,750 | - | 12,100 | 5,084,106 | - | 99,941 | 7,106,897 |
| Lottery Tickets | 319,500 | - | - | - | - | - | 319,500 |
| Charges for Services | 40,523 | - | 66,597 | - | - | 850 | 107,970 |
| Fines, Forfeits, and Rents | 78,915 | - | 17,709 | - | - | 1,191 | 97,815 |
| Casino Gaming Payments | 279,873 | - | - | - | - | - | 279,873 |
| Investment Earnings (Loss) | 814 | 9,773 | 405 | 1,170 | 4,044 | 9,915 | 26,121 |
| Interest on Loans | - | - | - | - | - | 53 | 53 |
| Miscellaneous | 200,073 | - | 6,867 | 508,254 | 12,263 | 125,879 | 853,336 |
| Total Revenues | 17,400,333 | 9,773 | 1,393,155 | 5,607,249 | 16,307 | 475,937 | 24,902,754 |
| Expenditures | |||||||
| Current: | |||||||
| Legislative | 113,797 | - | - | 2,547 | - | - | 116,344 |
| General Government | 984,839 | - | 5,357 | 388,177 | 480,752 | 93,159 | 1,952,284 |
| Regulation and Protection | 422,638 | - | 93,567 | 141,663 | 10,580 | 190,002 | 858,450 |
| Conservation and Development | 283,539 | - | - | 240,085 | 219,817 | 202,111 | 945,552 |
| Health and Hospitals | 2,275,028 | - | - | 194,221 | 14,432 | 5,068 | 2,488,749 |
| Transportation | - | - | 754,400 | 725,167 | 3,065 | - | 1,482,632 |
| Human Services | 4,046,310 | - | - | 3,773,912 | 7,646 | 7,809 | 7,835,677 |
| Education, Libraries, and Museums | 3,930,105 | - | - | 528,085 | 47,634 | 4,090 | 4,509,914 |
| Corrections | 2,000,037 | - | - | 21,874 | 4,682 | 4,249 | 2,030,842 |
| Judicial | 889,430 | - | - | 18,369 | - | 48,365 | 956,164 |
| Capital Projects | - | - | - | - | - | 955,785 | 955,785 |
| Debt Service: | |||||||
| Principal Retirement | 1,032,688 | 290,615 | - | - | - | - | 1,323,303 |
| Interest and Fiscal Charges | 612,753 | 175,531 | 1,181 | 94,531 | 2,316 | 7,425 | 893,737 |
| Total Expenditures | 16,591,164 | 466,146 | 854,505 | 6,128,631 | 790,924 | 1,518,063 | 26,349,433 |
| Excess (Deficiency) of Revenues Over Expenditures | 809,169 | (456,373) | 538,650 | (521,382) | (774,617) | (1,042,126) | (1,446,679) |
| Other Financing Sources (Uses) | |||||||
| Bonds Issued | 579,315 | - | - | - | 563,911 | 1,617,799 | 2,761,025 |
| Premiums on Bonds Issued | 82,744 | 102,233 | - | - | 41,282 | 164,297 | 390,556 |
| Transfers In | 249,205 | 459,599 | 6,331 | 258,643 | 4,000 | 81,135 | 1,058,913 |
| Transfers Out | (1,214,647) | (7,038) | (546,731) | (50,614) | (39,466) | (748,369) | (2,606,865) |
| Refunding Bonds Issued | 314,295 | 966,415 | - | - | - | - | 1,280,710 |
| Payment to Refunded Bond Escrow Agent | (312,713) | (1,065,406) | - | - | - | - | (1,378,119) |
| Capital Lease Obligations | 8,828 | - | - | - | - | - | 8,828 |
| Special Item: Transfer from Component Unit | 31,000 | - | - | - | - | - | 31,000 |
| Total Other Financing Sources (Uses) | (261,973) | 455,803 | (540,400) | 208,029 | 569,727 | 1,114,862 | 1,546,048 |
| Net Change in Fund Balances | 547,196 | (570) | (1,750) | (313,353) | (204,890) | 72,736 | 99,369 |
| Fund Balances (Deficit) - Beginning | (588,622) | 660,113 | 228,543 | 359,067 | 673,470 | 665,203 | 1,997,774 |
| Change in Reserve for Inventories | 234 | - | (254) | - | - | - | (20) |
| Fund Balances (Deficit) - Ending | $(41,192) | $659,543 | $226,539 | $45,714 | $468,580 | $737,939 | $2,097,123 |
The accompanying notes are an integral part of the financial statements.