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A Report to the
Citizens of Texas

Sept. 1, 2008 – Aug. 31, 2009 

Texas Finances

An audit of the state’s financial statements resulted in a clean audit opinion. Complete financial information can be found in the Texas Comprehensive Annual Financial Report.

Primary Government Sources of Revenue

Taxes are 29% of revenue. Operating grants and contributions are 47%. Capital grants and contributions are 2%. Charges for services are 19% and other general revenues are 3%.

For the Fiscal Years Ended Aug. 31, 2010, and Aug. 31, 2009
(Amounts in Thousands)

Total Primary Government
REVENUE BY SOURCE 2010 2009 % Change
Charges for Services $ 22,765,454 $ 21,087,533 7.96%
Operating Grants and Contributions $56,440,821 $36,024,012 56.68%
Capital Grants and Contributions $2,758,852 $2,715,520 1.60%
Taxes $35,590,034 $35,928,793 -0.94%
Other General Revenues $3,895,693 $2,804,795 38.89%
TOTAL REVENUES $ 121,450,854 $ 98,560,653 23.22%

Note: Other General Revenues includes investment earnings, the settlement of claims, and gain on the sale of capital assets.
Operating Grants are grants which provide funding for the day to day operation of the state, including personnel, administration and other regular expenses. Capital Grants are grants which provide funding for buildings, construction or equipment, rather than program or operating expenses.


Primary Government Functional Expenses

Education accounts for 40% of total expenses. Health and Human Services is 41%.  Public Safety/Corrections is 5%. Transportation is 4%. General government is 3%. Employee Benefits, Lottery and Natural resources/Recreational Services are 2% each.  Other expenses are 1%.

For the Fiscal Years Ended Aug. 31, 2010, and Aug. 31, 2009
(Amounts in Thousands)

Total Primary Government
EXPENSES 2010 2009 % Change
General Government $3,614,488 $3,232,720 11.81%
Education $48,288,168 $45,087,827 7.10%
Employee Benefits $2,452,865 $1,887,597 29.95%
Health and Human Services $49,313,643 $43,032,292 14.60%
Public Safety and Corrections $6,318,967 $6,110,366 3.41%
Transportation $4,353,809 $4,246,107 2.54%
Natural Resources/Recreational Services $1,913,349 $1,978,492 -3.29%
Other Expenses $1,202,871 $971,586 23.80%
Lottery $2,681,627 $2,680,273 0.05%
TOTAL REVENUES $120,139,787 $109,227,260 9.99%

Note: Employee Benefits includes Teacher Retirement Benefits. Other Expenses includes regulatory services and interest on long-term debt.


Ending Cash Balance

Values are in following table.

Ending Cash Balances in State Treasury
All Funds Excluding Trust

For the Fiscal Years Ended Aug. 31, 2010, and Aug. 31, 2009
(Amounts in Thousands)

2010 2009 % Change
General Revenue $1,951,288 $3,899,868 -49.97%
Other Funds $28,698,146 $21,899,543 31.04%
All Funds $30,649,434 $25,799,411 18.80%

Note: With some exceptions, General Revenue is money the state can use for general purpose spending. Other Funds includes the State Highway Fund, the Texas Mobility Fund, trust funds and constitutional funds.

 

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