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