Financial Statements

 

 

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FISCAL YEAR 2005
FINANCIAL STATEMENT
Budgeted Funds (in millions)
  ALL
FUNDS
GENERAL
FUND
HIGHWAY
FUND
STABIL.
FUND
TRAN
ESCR
FUND
OTHER
FUNDS
FISCAL YEAR 2005 BEGINNING BALANCES  
Undesignated Fund Balance 90.9 958.5 (716.5) 0.0 0.0 (151.0)
Stabilization Fund Balance 1,137.3 0.0 0.0 1,137.3 0.0 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund Balance 664.6 345.2 26.6 0.0 0.0 292.8
 
SUBTOTAL, FISCAL YEAR 2005 BEGINNING BALANCES 1,892.8 1,303.7 (690.0) 1,137.3 0.0 141.8
 
REVENUES AND OTHER SOURCES  
Taxes 15,987.4 15,267.9 586.5 4.0 0.0 129.0
Federal Reimbursements 4,696.9 4,389.6 1.5 0.0 0.0 305.8
Departmental Revenue 1,948.9 1,487.0 433.6 153.4 0.0 (125.1)
Consolidated Transfers 1,740.3 878.1 (137.4) 347.6 304.8 347.1
 
SUBTOTAL, FISCAL YEAR 2005 REVENUES 24,373.4 22,022.6 884.3 505.0 304.8 656.8
 
TOTAL, FISCAL YEAR 2005 AVAILABLE RESOURCES 26,266.3 23,326.3 194.3 1,642.3 304.8 798.5
 
EXPENDITURES AND USES  
Direct Appropriations 23,278.2 21,148.4 1,061.8 (0.0) 0.0 1,068.1
Balances Forward for Continuing Appropriations 368.1 345.2 0.4 0.0 0.0 22.4
Authorized Spending from Retained Revenue 522.9 520.4 2.5 0.0 0.0 0.0
Lottery Distributions to Cities and Towns 661.4 661.4 0.0 0.0 0.0 0.0
Anticipated Reversions (723.1) (622.6) (45.9) 0.0 0.0 (54.6)
Unspent Appropriations Continued to Fiscal Year 2006 (328.4) (302.5) (0.3) 0.0 0.0 (25.6)
 
TOTAL, FISCAL YEAR 2005 EXPENDITURES 23,779.1 21,750.3 1,018.5 (0.0) 0.0 1,010.3
 
END OF FISCAL YEAR RESERVED BALANCES  
Reserved for Continuing Appropriations 328.4 302.5 0.3 0.0 0.0 25.6
Designated for Debt Service 26.1 0.0 26.1 0.0 0.0 0.0
Budgeted Inter-Fund Transfers 0.0 0.0 0.0 0.0 0.0 0.0
Non-Budgeted Fund Transfers 0.0 0.0 0.0 0.0 0.0 0.0
 
FISCAL YEAR 2005 UNDESIGNATED FUND BALANCE 2,132.6 1,273.5 (850.6) 1,642.4 304.8 (237.4)
 
Balances Reserved in Other Budgeted Funds (1,960.6) 0.0 0.0 1,642.4 304.8 13.4
 
STATUTORY CARRY FORWARD TO FY2006 86.0
 
STATUTORY TRANSFER TO STABILIZATION FUND 86.0
 
FISCAL YEAR 2005 SURPLUS 0.0
 
ADDITIONAL TRANSFER TO STABILIZATION FUND (includes $136.0m from Temporary Holding Fund) 827.0
 
TRANSFER TO TRANSITIONAL ESCROW FUND 304.8
 
FISCAL YEAR 2005 ENDING BALANCES  
Undesignated Fund Balance 404.2 1,187.4 (850.6) 0.0 304.8 (237.4)
Stabilization Fund Balance 1,728.4 0.0 0.0 1,728.4 0.0 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund Balance 354.6 302.5 26.4 0.0 0.0 25.6
 
TOTALS, FISCAL YEAR 2005 ENDING BALANCES 2,487.2 1,490.0 (824.2) 1,728.4 304.8 (211.8)

 

 

FISCAL YEAR 2006
PROJECTED FINANCIAL STATEMENT
Budgeted Funds (in millions)
  ALL
FUNDS
GENERAL
FUND
HIGHWAY
FUND
STABIL.
FUND
OTHER
FUNDS
FISCAL YEAR 2006 BEGINNING BALANCES  
Undesignated Fund Balance 404.2 1,187.4 (850.6) 0.0 67.4
Stabilization Fund Balance 1,728.4 0.0 0.0 1,728.4 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund Balance 354.6 302.5 26.4 0.0 25.6
 
SUBTOTAL, FISCAL YEAR 2006 BEGINNING BALANCES 2,487.2 1,490.0 (824.2) 1,728.4 93.0
 
REVENUES AND OTHER SOURCES  
Taxes 15,682.0 15,042.4 580.9 0.0 58.7
Federal Reimbursements 5,196.6 4,901.8 2.6 0.0 292.2
Departmental Revenue 2,084.1 1,608.9 426.3 40.0 8.9
Consolidated Transfers 1,399.1 1,502.3 (49.0) (114.0) 59.7
 
SUBTOTAL, FISCAL YEAR 2006 REVENUES 24,361.8 23,055.4 960.8 (74.0) 419.6
 
TOTAL, FISCAL YEAR 2006 AVAILABLE RESOURCES 26,849.0 24,545.4 136.6 1,654.4 512.6
 
EXPENDITURES AND USES  
Direct Appropriations 22,800.8 21,344.3 900.9 0.0 555.6
Balances Forward for Continuing Appropriations 328.4 302.5 0.3 0.0 25.6
Authorized Spending from Retained Revenue 503.2 492.6 10.6 0.0 0.0
Lottery Distributions to Cities and Towns 761.4 761.4 0.0 0.0 0.0
Contingency Reserve 310.3 259.4 9.4 0.0 41.5
Anticipated Reversions (637.8) (597.7) (23.9) 0.0 (16.2)
 
TOTAL, FISCAL YEAR 2006 EXPENDITURES 24,066.3 22,562.5 897.2 0.0 606.5
 
END OF FISCAL YEAR RESERVED BALANCES  
Reserved for Continuing Appropriations 0.0 0.0 0.0 0.0 0.0
Designated for Debt Service 26.1 0.0 26.1 0.0 0.0
Budgeted Inter-Fund Transfers 0.0 0.0 0.0 0.0 0.0
Non-Budgeted Fund Transfers 0.0 0.0 0.0 0.0 0.0
 
FISCAL YEAR 2006 UNDESIGNATED FUND BALANCE 2,756.6 1,982.9 (786.8) 1,654.4 (93.9)
 
Balances Reserved in Other Budgeted Funds (2,030.9) 0.0 0.0 1,654.4 376.5
 
STATUTORY CARRY FORWARD TO FY2007 90.8
 
STATUTORY TRANSFER TO STABILIZATION FUND 90.8
 
FISCAL YEAR 2006 SURPLUS 544.1
 
FISCAL YEAR 2006 ENDING BALANCES  
Undesignated Fund Balance 102.8 885.5 (786.8) 0.0 4.2
Stabilization Fund Balance 2,653.8 0.0 0.0 2,653.8 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund Balance 26.1 0.0 26.1 0.0 0.0
 
TOTALS, FISCAL YEAR 2006 ENDING BALANCES 2,782.7 885.5 (760.7) 2,653.8 4.2

 

 

FISCAL YEAR 2007
PROJECTED FINANCIAL STATEMENT
Budgeted Funds (in millions)
  ALL
FUNDS
GENERAL
FUND
HIGHWAY
FUND
STABIL.
FUND
OTHER
FUNDS
FISCAL YEAR 2007 BEGINNING BALANCES  
Undesignated Fund Balance 102.8 885.5 (786.8) 0.0 4.2
Stabilization Fund Balance 2,653.8 0.0 0.0 2,653.8 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund Balance 26.1 0.0 26.1 0.0 0.0
 
SUBTOTAL, FISCAL YEAR 2007 BEGINNING BALANCES 2,782.7 885.5 (760.7) 2,653.8 4.2
 
REVENUES AND OTHER SOURCES  
Taxes 16,201.3 15,555.3 586.0 0.0 60.0
Federal Reimbursements 5,263.5 5,258.7 2.6 0.0 2.2
Departmental Revenue 2,044.1 1,574.9 432.5 30.0 6.7
Consolidated Transfers 1,661.2 1,758.9 (37.3) (60.5) 0.1
 
SUBTOTAL, FISCAL YEAR 2007 REVENUES 25,170.1 24,147.9 983.8 (30.5) 69.0
 
TOTAL, FISCAL YEAR 2007 AVAILABLE RESOURCES 27,952.8 25,033.4 223.1 2,623.3 73.1
 
EXPENDITURES AND USES  
Direct Appropriations 23,823.8 22,820.9 948.3 0.0 54.6
Balances Forward for Continuing Appropriations 0.0 0.0 0.0 0.0 0.0
Authorized Spending from Retained Revenue 442.9 432.3 10.6 0.0 0.0
Lottery Distributions to Cities and Towns 920.0 920.0 0.0 0.0 0.0
Contingency Reserve 0.0 0.0 0.0 0.0 0.0
Anticipated Reversions 0.0 0.0 0.0 0.0 0.0
 
TOTAL, FISCAL YEAR 2007 EXPENDITURES 25,186.7 24,173.2 958.9 0.0 54.6
 
END OF FISCAL YEAR RESERVED BALANCES  
Reserved for Continuing Appropriations 0.0 0.0 0.0 0.0 0.0
Designated for Debt Service 26.1 0.0 26.1 0.0 0.0
Budgeted Inter-Fund Transfers 0.0 0.0 0.0 0.0 0.0
Non-Budgeted Fund Transfers 0.0 0.0 0.0 0.0 0.0
 
FISCAL YEAR 2007 UNDESIGNATED FUND BALANCE 2,740.0 860.2 (762.0) 2,623.3 18.5
 
Balances Reserved in Other Budgeted Funds (2,634.4) 0.0 0.0 2,623.3 11.2
 
STATUTORY CARRY FORWARD TO FY2008 94.2
 
FISCAL YEAR 2007 SURPLUS 11.3
 
FISCAL YEAR 2007 ENDING BALANCES  
Undesignated Fund Balance 105.4 849.1 (762.0) 0.0 18.3
Stabilization Fund Balance 2,634.6 0.0 0.0 2,634.6 0.0
Tax Reduction Fund 0.0 0.0 0.0 0.0 0.0
Reserved or Designated Fund Balance 26.1 0.0 26.1 0.0 0.0
 
TOTALS, FISCAL YEAR 2007 ENDING BALANCES 2,766.1 849.1 (735.8) 2,634.6 18.3