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State Government Finances

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STATE GOVERNMENT FINANCES: 2004
STATE: NORTH CAROLINA
(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      44,371,161
       
    General revenue      32,951,167
        Intergovernmental revenue      11,608,798
        Taxes      16,836,454
            General sales      4,351,822
            Selective sales      2,917,379
            License taxes      1,017,247
            Individual income tax      7,510,978
            Corporate income tax      837,085
            Other taxes      201,943
       
        Current charges      2,794,075
        Miscellaneous general revenue      1,711,840
       
    Utility revenue      0
    Liquor stores revenue      0
    Insurance trust revenue(1)      11,419,994
       
Total expenditure      37,094,848
    Intergovernmental expenditure      10,226,422
    Direct expenditure      26,868,426
        Current operation      18,416,462
        Capital outlay      2,961,676
        Insurance benefits and repayments      3,939,093
        Assistance and subsidies      1,110,569
        Interest on debt      440,626
Exhibit: Salaries and wages      6,142,326
       
Total expenditure      37,094,848
General expenditure      33,053,356
        Intergovernmental expenditure      10,226,422
        Direct expenditure      22,826,934
       
    General expenditure, by function:       
        Education      13,290,923
        Public welfare      8,800,027
        Hospitals      1,107,043
        Health      1,274,446
        Highways      3,198,090
       
        Police protection      378,278
        Correction      1,041,109
        Natural resources      516,959
        Parks and recreation      151,009
        Governmental administration      764,436
       
        Interest on general debt      440,626
        Other and unallocable      2,090,410
       
    Utility expenditure      102,399
    Liquor stores expenditure      0
    Insurance trust expenditure      3,939,093
       
Debt at end of fiscal year      14,102,900
       
Cash and security holdings      73,231,932

(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