|
Increase (Decrease)
|
|
|
|
Percent
|
Over 1986
|
Actual
|
|
Function
|
Amount
|
of Total
|
Amount
|
Percent
|
|
Current:
|
|
|
|
|
|
General government
|
$ 266,251
|
3.8%
|
$ 17,300
|
6.9%
|
|
Education
|
1,621,797
|
22.9
|
105,305
|
6.9
|
|
Human resources
|
680,408
|
9.6
|
6,062
|
.9
|
|
Health and mental hygiene
|
1,567,412
|
22.2
|
160,783
|
11.4
|
|
Transportation
|
486,551
|
6.9
|
(57,453)
|
(10.6)
|
|
Public safety and judicial
|
536,267
|
7.6
|
64,646
|
13.7
|
|
Economic and community development
|
39,890
|
.6
|
13,456
|
50.9
|
|
Natural resources and recreation
|
94,254
|
1.3
|
11,467
|
13.9
|
|
Agriculture
|
31,453
|
.4
|
3,544
|
12.7
|
|
Personnel and retirement
|
21,773
|
.3
|
500
|
2.4
|
|
Intergovernmental
|
551,796
|
7.8
|
143,277
|
35.1
|
|
Debt service
|
444,079
|
6.3
|
(11,801)
|
(2.6)
|
|
Capital outlays for transportation
|
726,345
|
10.3
|
131,208
|
22.0
|
|
Total
|
$7,068,276
|
100.0%
|
$588,294
|
9.1%
|
Expenditures for transportation decreased $57,453,000 or 10.6 percent from 1986 and intergovernmental
increased $143,277,000 or 35.1 percent over 1986 because of expenditures being reduced for agency fund
activities from transportation in 1987 versus being reduced from intergovernmental in the previous year.
Expenditures for economic and community development increased $13,456,000 or 50.9 percent over 1986
due to the state's decision to finance its contributions to the loan and insurance programs from general fund
appropriations rather than general obligation bond proceeds.
Expenditures for capital outlays for transportation increased $131,208,000 or 22.0 percent over 1986
which is primarily attributable to the construction of new highways.
Operating transfers in from the capital projects fund and enterprise funds (State Lottery) totalled
$2,715,000 and $332,366,000 respectively. This represents an increase in total operating transfers in of
$7,997,000 over the previous year. Operating transfers out to the capital projects fund, enterprise funds, and
the higher education fund totalling $489,261,000 decreased $103,790,000 from the preceding year.
The general fund unreserved fund balance at June 30,1987 was $341,858,000 compared to an unreserved
fund deficit at June 30,1986 of $22,090,000 resulting in a positive effect of $363,948,000 during the year. This
improvement was the result of revenues exceeding estimates and expenditures being less than appropriated.
Management of financial resources is exercised through the legally mandated budgetary system of the
State. The budgetary system produced a positive general fund balance at June 30, 1987. For information on
differences between GAAP and the budgetary system, see footnote 3 to the financial statements.
The special revenue unreserved fund balance of $136,456,000 increased $17,782,000 over the preceding
year because of increases in motor vehicle taxes and fees revenues. The debt service unreserved fund balance
of $137,328,000 decreased $123,864,000 from the prior year as a result of a defeasance of transportation
bonds.
13
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