Letters to the Editor • CAFRs - Your Government's Wealth Shown

Calif. Government Has the money to fix its Budget w/ interest

Calif. CAFR 2007 page 18
 
General Fund Budget Highlights

The original General Fund budget of $102.1 billion was increased by $865 million due to miscellaneous

augmentations for emergencies. During the 2006-07 fiscal year, General Fund actual expenditures were

$101.5 billion, $1.5 billion less than the final budgeted amounts.

Capital Assets and Debt Administration

Capital Assets

The State’s investment in capital assets for its governmental and business-type activities as of June 30, 2007,

amounted to $98.1 billion (net of accumulated depreciation). This investment in capital assets includes land,

state highway infrastructure, collections, buildings and other depreciable property, and construction in

progress. Depreciable property includes buildings, improvements other than buildings, equipment, personal

property, intangible assets, certain infrastructure assets, certain books, and other capitalized and depreciable

property. Infrastructure assets are items that are normally immovable and can be preserved for a greater

number of years than most capital assets. Infrastructure assets include roads, bridges, streets and sidewalks,

drainage systems, and lighting systems.

Table 4 presents a summary of the primary government’s capital assets for governmental and business-type

activities.

Table 3

General Fund Original and Final Budgets

Year ended June 30, 2007

(amounts in millions)

Budgeted amounts

State and consumer services ….….….….….….….….….….….….….….….…

Business and transportation ….….….….….….….….….….….….….….….….…

Resources ….….….….….….….….….….….….….….….….….….….….….….…

Health and human services ….….….….….….….….….….….….….….….….…

Correctional programs ….….….….….….….….….….….….….….….….….….…

Original

$ 645

2,649

1,824

29,526

8,786

Final

$ 602

2,649

1,720

29,866

9,289

Increase/

(Decrease)

$ (43)

0

(104)

340

503

Education ….….….….….….….….….….….….….….….….….….….….….….…

General government:

Tax relief ….….….….….….….….….….….….….….….….….….….….….….

Debt service ….….….….….….….….….….….….….….….….….….….….….

Other general government ….….….….….….….….….….….….….….….….

49,251

977

3,388

Total ….….….….….….….….….….….….….….….….….….….….….….…

$

5,084

102,130

49,321

981

3,402

$

5,165

102,995

70

4

14

$

81

865

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