Financial Statements
Financial Statements |
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| FISCAL YEAR 2005 FINANCIAL STATEMENT |
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|---|---|---|---|---|---|---|
| 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 |
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|---|---|---|---|---|---|
| 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 | |
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