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STATE GOVERNMENT FINANCES: 2004
STATE: MINNESOTA
(Thousand Dollars)
 
Source: 2004 Annual Survey of State Government Finances. Data users who create their own estimates using
data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in
this table are based on information from public records and contain no confidential data. Although the data in
this table come from a census of governmental units and are not subject to sampling error, the census results
do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions
may be found at http://www2.census.gov/govs/state/04_methodology.pdf.

Item       Amount      
Total revenue      29,708,220
       
    General revenue      24,217,043
        Intergovernmental revenue      6,379,798
        Taxes      14,734,921
            General sales      4,066,790
            Selective sales      2,317,528
            License taxes      941,783
            Individual income tax      5,709,584
            Corporate income tax      637,183
            Other taxes      1,062,053
       
        Current charges      1,903,656
        Miscellaneous general revenue      1,198,668
       
    Utility revenue      0
    Liquor stores revenue      0
    Insurance trust revenue(1)      5,491,177
       
Total expenditure      28,226,351
    Intergovernmental expenditure      9,638,153
    Direct expenditure      18,588,198
        Current operation      12,794,900
        Capital outlay      1,311,478
        Insurance benefits and repayments      3,346,880
        Assistance and subsidies      756,958
        Interest on debt      377,982
Exhibit: Salaries and wages      3,928,883
       
Total expenditure      28,226,351
General expenditure      24,778,412
        Intergovernmental expenditure      9,638,153
        Direct expenditure      15,140,259
       
    General expenditure, by function:       
        Education      9,872,469
        Public welfare      7,486,297
        Hospitals      256,251
        Health      516,458
        Highways      1,927,251
       
        Police protection      244,479
        Correction      411,061
        Natural resources      457,951
        Parks and recreation      184,080
        Governmental administration      790,179
       
        Interest on general debt      377,982
        Other and unallocable      2,253,954
       
    Utility expenditure      101,059
    Liquor stores expenditure      0
    Insurance trust expenditure      3,346,880
       
Debt at end of fiscal year      6,665,669
       
Cash and security holdings      50,745,807

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
 
Created: December 2005
Last Revised:   January 5, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: January 20, 2011