Budgetary

Funds

Higher Educa-

tion Funds

Totals*

Current Unrestricted

Current Restricted

(Memorandum

Only)

Variance

Variance

Variance

Final

Favorable

Final

Favorable

Final

Favorable

Budget

Actual 0

Unfavorable)

Budget

Actual

(Unfavorable)

Budget

Actual

(Unfavorable)

Revenues:

Income taxes ........................

$2,625,734

$2,691,051

$ 65,317

Retail sales and use taxes ............

1,408,922

1,423,585

14,663

Other taxes .........................

1,291,035

1,478,985

187,950

Licenses and fees ....................

199,660

268,905

69,245

Charges for services .................

179,274

298,677

119,403

Interest and other investment income . .

68,699

81,826

13,127

Other ..............................

$947,707

$947,986

$ 279

$193,099

$185,691

$ (7,408)

2,316,191

1,876,844

(439,347)

Federal revenue .....................

1,818,823

1,746,678

(72,145)

Total revenues ...................

947,707

947,986

279

193,099

185,691

(7,408)

9,908,338

9,866,551

(41,787)

Expenditures and encumbrances by major

function:

Payments of revenue to civil divisions of

the State .........................

116,599

115,905

694

Public debt .........................

391,500

391,500

Legislative .........................

30,626

30,311

315

Judicial review and legal .............

125,254

124,749

505

Executive and administrative control . . .

168,007

164,332

3,675

Financial and revenue administration . .

192,202

188,676

3,526

Budgetary and fiscal administration ....

5,892

5,859

33

Personnel administration, retirement

and employee relations .............

23,699

20,937

2,762

State planning ......................

6,128

5,783

345

General services .....................

42,260

41,776

484

Transportation and highways ..........

1,884,329

1,765,541

118,788

Natural resources and recreation ......

136,258

130,583

5,675

Agriculture .........................

30,596

29,723

873

Health, hospitals and mental hygiene . .

1,637,279

1,612,074

25,205

Human resources ....................

683,653

658,111

25,542

Licensing and regulation .............

43,814

35,232

8,582

Public safety and correctional services . .

486,251

481,284

4,967

Public education .....................

947,707

944,458

3,249

193,099

185,764

7,335

3,558,445

3,530,965

27,480

Housing and community development . .

116,591

86,460

30,131

Economic and employment development .

131,868

118,299

13,569

Environment .......................

37,564

37,180

384

State reserve fund ...................

38,000

38,000

Reversions:

Current year reversions .............

(15,000)

(15,000)

Prior year reversions ...............

(646)

646

(9,788)

9,788

Total expenditures and

encumbrances ..................

947,707

943,812

3,895

193,099

185,764

7,335

9,871,815

9,603,492

268,323

Changes in encumbrances during fiscal

year 1988 .........................

1,834

(1,834)

1

(1)

(5,561)

5,561

Total expenditures ................

947,707

945,646

2,061

193,099

185,765

7,334

9,871,815

9,597,931

273,884

Excess (deficiency) of revenues

over expenditures ...............

2,340

2,340

(74)

(74)

36,523

268,620

232,097

Other sources (uses) of financial resources:

Operating transfers in (out) ...........

10

10

(109)

(109)

7,000

23,518

16,518

Excess (deficiency) of revenues

over expenditures and other

sources (uses) of financial

resources ........................

2,350

2,350

(183)

(183)

43,523

292,138

248,615

Fund balances, July 1, 1987 ............

130,253

130,253

1,942

1,942

835,838

835,838

Fund balances, June 30, 1988 ...........

$130,253

$132,603

$ 2,350

$ 1,942 :

$ 1,759

$ (183)

$ 879,361

$1,127,976

$ 248,615