|
The sales and use taxes increased $83,468,000 or 5.9 percent over the previous year which is also
attributable to the improvement in the national economy.
Interest and other investment income increased $35,515,000 or 39.4 percent over the previous year as a
result of increased amounts available for investment during the year.
Changes in levels of expenditures for major functions from the previous year (excluding capital projects)
are shown in the following tabulation (amounts expressed in thousands):
|
|
|
|
Increase (Decrease)
|
|
|
|
Percent
|
Over 1988 Actual
|
|
Function
|
Amount
|
of Total
|
Amount Percent
|
|
Current:
|
|
|
|
|
General government
|
$ 437,089
|
5.2%
|
$ 26,570 6.5%
|
|
Education
|
1,902,965
|
22.8
|
143,515 8.2
|
|
Economic and employment development
|
118,804
|
1.4
|
5,199 4.6
|
|
Human resources
|
695,029
|
8.3
|
25,688 3.8
|
|
Health and mental hygiene
|
1,784,992
|
21.4
|
175,665 10.9
|
|
Environment
|
45,114
|
.5
|
7,974 21.5
|
|
Transportation
|
550,045
|
6.6
|
12,359 2.3
|
|
Public safety and judicial
|
648,200
|
7.8
|
88,396 15.8
|
|
Housing and community development
|
56,024
|
.7
|
3,751 7.2
|
|
Natural resources and recreation
|
107,450
|
1.3
|
8,909 9.0
|
|
Agriculture
|
37,193
|
.4
|
6,567 21.4
|
|
Intergovernmental
|
661,554
|
7.9
|
30,392 4.8
|
|
Debt service
|
454,474
|
5.5
|
18,588 4.3
|
|
Capital outlays for transportation
|
851,296
|
10.2
|
(5,442) (.6)
|
|
Total
|
$8,350,229
|
100.0%
|
$548,131 7.0%
|
Expenditures for health and mental hygiene increased $175,665,000 or 10.9 percent over 1988 primarily
due to increases in Medicaid expenditures.
Expenditures related to the Environment category increased $7,974,000 or 21.5 percent over 1988
primarily for leasing of facilities for "local" elements of the Department and development of data processing
capabilities.
Expenditures for public safety and judicial increased $88,396,000 or 15.8 percent over 1988 primarily due
to the purchase of new helicopters and related equipment and higher operating costs to begin modernization
of the MED-EVAC fleet and increased costs in operating the courts and prisons.
Expenditures for agriculture increased $6,567,000 or 21.4 percent over 1988 primarily for agricultural
land preservation.
Operating transfers in from the capital projects fund and enterprise funds (State Lottery) totaled
$4,151,000 and $319,604,000 respectively. This represents a decrease of $16,198,000 from the previous year.
Operating transfers out to the capital projects fund, enterprise funds, and higher education funds totaled
$649,143,000 for an increase of $113,954,000 over the preceding year.
The general fund unreserved fund balance at June 30, 1989 was $722,499,000, representing an increase
of $177,644,000 over the previous year's balance which is primarily the result of an increase in the State
Reserve Fund.
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, 1989. For information on
differences between GAAP and the budgetary system, see footnote 3 to the financial statements.
The special revenue unreserved fund balance of $136,193,000 increased $33,988,000 over the preceding
year primarily because of a substantial increase in proceeds from bonds. The debt service unreserved fund
balance of $112,514,000 decreased $36,756,000 from the prior year. This decrease is the result of reserving
loans and notes receivable maturing after one year because such amounts do not represent available
expendable resources. Prior to 1989, the reserve was established for loans and notes receivable maturing after
fifteen years.
14
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