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A Report to the
Citizens of Texas

Sept. 1, 2010 – Aug. 31, 2011 

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 30% of revenue. Operating grants and contributions are 47%. Capital grants and contributions are 2%. Charges for services are 19% and other general revenues are 2%.

For the fiscal years ended Aug. 31, 2011, and Aug. 31, 2010
(Amounts in thousands)

Total Primary Government
REVENUE BY SOURCE 2011 2010 % Change
Charges for Services $25,019,637 $22,765,454 9.90%
Operating Grants and Contributions $61,323,706 $56,440,821 8.65%
Capital Grants and Contributions $2,820,690 $2,758,852 2.24%
Taxes $39,661,587 $35,590,034 11.44%
Other General Revenues $2,762,603 $3,895,693 -29.09%
TOTAL REVENUES $131,588,223 $121,450,854 8.35%

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


Primary Government Functional Expenses

Education accounts for 41% 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, 2011, and Aug. 31, 2010
(Amounts in thousands)

Total Primary Government
EXPENSES 2011 2010 % Change
General Government $4,188,211 $3,614,488 15.87%
Education $50,869,973 $48,288,168 5.35%
Employee Benefits $2,587,115 $2,452,865 5.47%
Health and Human Services $50,931,243 $49,313,643 3.28%
Public Safety and Corrections $5,625,417 $6,318,967 -10.98%
Transportation $4,587,674 $4,353,809 5.37%
Natural Resources/Recreational Services $1,897,815 $1,913,349 -0.81%
Other Expenses $1,205,145 $1,202,871 0.19%
Lottery $2,783,798 $2,681,627 3.81%
TOTAL EXPENSES $124,676,391 $120,139,787 3.78%

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, 2011, and Aug. 31, 2010
(Amounts in thousands)

2011 2010 % Change
Consolidated General Revenue $2,629,415 $1,951,288 34.75%
Other Funds $19,889,951 $28,698,146 -30.69%
ALL FUNDS $22,519,366 $30,649,434 -26.53%

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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