| STATE OF CONNECTICUT GENERAL FUND | |||||
| STATEMENT OF ESTIMATED AND REALIZED REVENUE | |||||
| FOR THE EIGHT MONTHS ENDED FEBRUARY 28, 2003 | Exhibit C | ||||
| (In Thousands) | |||||
| Increases | |||||
|---|---|---|---|---|---|
| Estimated | or | Revised | Realized | Unrealized | |
| Revenue | (Decreases) | Estimates | Revenue | Revenue | |
| TAXES | |||||
| Personal Income | $ 4,553,000 | $ (170,500) | $ 4,382,500 | $ 2,264,790 | $ 2,117,710 |
| Sales and Use | 3,141,300 | (64,900) | 3,076,400 | 1,623,635 | 1,452,765 |
| Corporations | 470,400 | 91,000 | 561,400 | 232,605 | 328,795 |
| Inheritance and Estate | 143,500 | 24,500 | 168,000 | 123,015 | 44,985 |
| Insurance Companies | 218,000 | 6,800 | 224,800 | 86,042 | 138,758 |
| Public Service Corporations | 172,900 | 13,100 | 186,000 | 69,069 | 116,931 |
| Cigarettes and Tobacco | 237,000 | 33,200 | 270,200 | 138,219 | 131,981 |
| Real Estate Conveyance | 111,000 | 24,500 | 135,500 | 91,076 | 44,424 |
| Oil Companies | 77,500 | 31,400 | 108,900 | 49,500 | 59,400 |
| Alcoholic Beverages | 42,000 | - | 42,000 | 22,475 | 19,525 |
| Admissions, Dues and Cabaret | 28,500 | 500 | 29,000 | 18,607 | 10,393 |
| Miscellaneous | 37,900 | (12,900) | 25,000 | 11,418 | 13,582 |
| Totals | 9,233,000 | (23,300) | 9,209,700 | 4,730,451 | 4,479,249 |
| Less Refunds of Taxes | (794,600) | 7,600 | (787,000) | (373,133) | (413,867) |
| Less R & D Credit Exchange | (14,000) | - | (14,000) | (8,793) | (5,207) |
| Net Taxes | 8,424,400 | (15,700) | 8,408,700 | 4,348,525 | 4,060,175 |
| OTHER REVENUE | |||||
| Transfers - Special Revenue | 273,000 | (4,100) | 268,900 | 167,744 | 101,156 |
| Indian Gaming Payments | 399,000 | (9,000) | 390,000 | 223,509 | 166,491 |
| Licenses, Permits and Fees | 128,500 | 300 | 128,800 | 70,423 | 58,377 |
| Sales of Commodities and Services | 31,000 | 1,100 | 32,100 | 21,342 | 10,758 |
| Rents, Fines and Escheats | 88,400 | (15,200) | 73,200 | 15,404 | 57,796 |
| Investment Income | 28,000 | (18,400) | 9,600 | 4,949 | 4,651 |
| Miscellaneous | 121,000 | (6,300) | 114,700 | 66,355 | 48,345 |
| Total Other Revenue | 1,068,900 | (51,600) | 1,017,300 | 569,726 | 447,574 |
| Less Refunds of Payments | (500) | - | (500) | (296) | (204) |
| Net Other Revenue | 1,068,400 | (51,600) | 1,016,800 | 569,430 | 447,370 |
| OTHER SOURCES | |||||
| Federal Grants | 2,303,200 | 45,400 | 2,348,600 | 1,569,672 | 778,928 |
| Transfer to the Resources of the General Fund | 284,100 | 79,100 | 363,200 | 201,961 | 161,239 |
| Transfer from the Tobacco Settlement Fund | 133,000 | (3,000) | 130,000 | 39,830 | 90,170 |
| Transfers to Pequot Mohegan Fund | (121,200) | 28,200 | (93,000) | (42,480) | (50,520) |
| Total Other Sources | 2,599,100 | 149,700 | 2,748,800 | 1,768,983 | 979,817 |
| Total Budgeted Revenue | 12,091,900 | 82,400 | 12,174,300 | 6,686,938 | 5,487,362 |
| Restricted Federal and Other Revenue- | |||||
| Net of Inter-Agency Transfers | 796,822 | 977,406 | 1,774,228 | 761,881 | 1,012,347 |
| Totals | $ 12,888,722 | $1,059,806 | $13,948,528 | $7,448,819 | $ 6,499,709 |
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