ACCOUNTING BASIS OF THE REPORT
This report has been prepared on the accounting basis described on page 3.
Revenues are recognized when received except, in the General, Transportation, and Grant Funds, for certain accrued taxes and Indian gaming payments which are recognized when earned. The amount of accrued taxes and Indian gaming payments recorded at June 30, 2016, and June 30, 2015, are as follows:
| Fiscal Year Ended June 30, | ||||
| (In Thousands) | ||||
| 2016 | 2015 | |||
|---|---|---|---|---|
| General Fund | ||||
| Taxes: | ||||
| Personal Income | $602,177 | $629,975 | ||
| Sales and Use | 362,304 | 396,090 | ||
| Corporation | 55,864 | 31,366 | ||
| Public Service Corporations | 90,940 | 52,694 | ||
| Alcoholic Beverages | 6,768 | 7,473 | ||
| Cigarettes | 20,984 | 21,041 | ||
| Real Estate Conveyance | 27,045 | 26,772 | ||
| Petroleum Companies | - | 85,503 | ||
| Health Provider | 170,990 | 111,238 | ||
| Rents, Fines and Escheats | 11,024 | 9,306 | ||
| Indian Gaming Payments | 20,348 | 21,852 | ||
| Total General Fund | 1,368,444 | 1,393,310 | ||
| Transportation Fund | ||||
| Sales and Use | 32,503 | - | ||
| Petroleum Companies | 64,278 | - | ||
| Gasoline | 32,507 | 31,524 | ||
| Special Motor Fuel | 11,547 | 12,097 | ||
| Motor Carrier Road | 1,120 | 1,680 | ||
| Total Transportation Fund | 141,955 | 45,301 | ||
| Grant Fund | ||||
| Sales and Use | 34,027 | - | ||
| Total Grant Fund | 34,027 | - | ||
| Totals | $1,544,426 | $1,438,611 | ||