6 REPORT OF THE COMPTROLLER OF THE TREASURY

The actual general funds revenues for the fiscal year
1945 were $29,742,128 70

I believe it would be interesting at this point to give you the fol-
lowing comparative figures, m totals, showing appropriations and
expenditures from general funds for operating expenses:

Appropriations general funds, fiscal year 1945 $26,876,430.00

Expenditures fiscal year 1945 $24,509,307.99
Obligated balances at the end of

the year 802,807.86
Reversions during year 1,564,314.15

Total $26,876,430.00

A summary of estimated general funds revenues and general funds
appropriations together with estimated reversions for the fiscal
years 1946 and 1947 is also submitted for comparison with the figures
submitted for the fiscal year 1945.

Estimated general funds revenues—Fiscal Year 1946 $28,737,265.69

Appropriations general funds, fiscal

year 1946 $31,270.468.00
Less estimated reversions 200,000.00

Net general funds appropriations $31,070,468.00
Estimated general funds re venues, fiscal year 1947 $30,553,357.71

Appropriations general funds, fiscal
year 1947 $32,420,887.00
Less estimated reversions 200,000.00

Net general funds appropriations $32,220,887.00

The excess of appropriations over estimated revenues is as follows:
Fiscal Year 1946 $2,333,202.31
Fiscal Year 1947 1,667,529.29

Total for the Biennium $4,000,731.60
This amount is to be provided from General Fund Surplus.

It is estimated that the surplus at the end of the current biennium,
June 30, 1947 will be $3,215,293.63. It is customary to reserve
$2,000,000.00 of the State's surplus as a working fund, so that the
excess of $1,215,293.63 in the estimated surplus at June 30,1947 may
be used by the Board of Public Works for either of the purposes indi-
cated in legislation enacted by the General Assembly at its 1945
Session, namely, for tax reduction or for transfer to the Post War
Construction Fund.