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, 2007
(Expressed in Thousands)
| General Fund | Transportation Fund | |||||||
|---|---|---|---|---|---|---|---|---|
|
Variance with |
Variance with |
|||||||
| Budget |
Final Budget |
Budget |
Final Budget |
|||||
| Original | Final | Actual |
positive (negative) |
Original | Final | Actual |
positive (negative) |
|
| Taxes, Net of Refunds | $11,250,700 | $11,862,900 | $11,901,334 | $38,434 | $694,000 | $679,400 | $679,223 | $(177) |
| Operating Transfers In | 380,000 | 383,800 | 383,808 | 8 | - | - | - | - |
| Casino Gaming Payments | 438,700 | 430,500 | 430,476 | (24) | - | - | - | - |
| Licenses, Permits, and Fees | 140,200 | 151,800 | 151,738 | (62) | 402,000 | 395,200 | 395,137 | (63) |
| Other | 261,000 | 367,300 | 359,244 | (8,056) | 40,000 | 46,000 | 46,000 | - |
| Federal Grants | 2,573,300 | 2,610,900 | 2,602,774 | (8,126) | - | - | - | - |
| Refunds of Payments | (600) | (500) | (513) | (13) | (3,200) | (2,700) | (2,716) | (16) |
| Operating Transfers Out | (86,300) | (86,300) | (86,300) | - | (7,000) | (7,000) | (7,000) | - |
| Transfer Out - Transportation Strategy Board | - | - | - | - | (20,300) | (20,300) | (20,300) | - |
| Total Revenues | 14,957,000 | 15,720,400 | 15,742,561 | 22,161 | 1,105,500 | 1,090,600 | 1,090,344 | (256) |
| Expenditures | ||||||||
| Budgeted: | ||||||||
| Legislative | 77,676 | 78,549 | 68,141 | 10,408 | - | - | - | - |
| General Government | 558,898 | 680,482 | 500,641 | 179,841 | 2,770 | 2,770 | 669 | 2,101 |
| Regulation and Protection | 278,587 | 281,280 | 265,681 | 15,599 | 75,807 | 76,843 | 59,197 | 17,646 |
| Conservation and Development | 102,010 | 139,494 | 96,264 | 43,230 | - | - | - | - |
| Health and Hospitals | 1,471,144 | 1,493,917 | 1,473,779 | 20,138 | - | - | - | - |
| Transportation | 10,790 | 32,184 | 2,103 | 30,081 | 449,032 | 461,832 | 446,574 | 15,258 |
| Human Services | 4,326,969 | 4,360,290 | 4,221,641 | 138,649 | - | - | - | - |
| Education, Libraries, and Museums | 3,418,016 | 3,783,919 | 3,449,507 | 334,412 | - | - | - | - |
| Corrections | 1,417,942 | 1,453,115 | 1,430,316 | 22,799 | - | - | - | - |
| Judicial | 462,181 | 477,848 | 474,067 | 3,781 | - | - | - | - |
| Non Functional | 3,530,781 | 3,514,508 | 3,311,597 | 202,911 | 578,705 | 572,872 | 530,742 | 42,130 |
| Total Expenditures | 15,654,994 | 16,295,586 | 15,293,737 | 1,001,849 | 1,106,314 | 1,114,317 | 1,037,182 | 77,135 |
| Appropriations Lapsed | 114,980 | 180,400 | - | (180,400) | 11,000 | 36,577 | - | (36,577) |
| Excess (Deficiency) of Revenues | ||||||||
| Over Expenditures | (583,014) | (394,786) | 448,824 | 843,610 | 10,186 | 12,860 | 53,162 | 40,302 |
| Other Financing Sources (Uses) | ||||||||
| Prior Year Appropriations Carried Forward | 702,854 | 702,854 | 702,854 | - | 39,067 | 39,067 | 39,067 | - |
| Appropriations Continued to Fiscal Year 2008 | - | - | (831,070) | (831,070) | - | - | (40,661) | (40,661) |
| Transfer of 2006 Surplus | 41,000 | 41,000 | 41,000 | - | - | - | - | - |
| Miscellaneous Adjustments | - | (20,354) | (12,370) | 7,984 | - | 8,000 | 8,000 | - |
| Total Other Financing Sources (Uses) | 743,854 | 723,500 | (99,586) | (823,086) | 39,067 | 47,067 | 6,406 | (40,661) |
| Net Change in Fund Balance | $160,840 | $328,714 | 349,238 | $20,524 | $49,253 | $59,927 | 59,568 | $(359) |
| Budgetary Fund Balances - July 1 | 1,191,256 | 172,446 | ||||||
| Changes in Reserves | (359,265) | 1,594 | ||||||
| Budgetary Fund Balances - June 30 | $1,181,229 | $233,608 | ||||||
The accompanying notes are an integral part of the financial statements.