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State Government Finances

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STATE GOVERNMENT FINANCES: 2004
STATE: VIRGINIA
(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      35,656,138
       
    General revenue      27,888,052
        Intergovernmental revenue      6,237,933
        Taxes      14,233,065
            General sales      2,977,401
            Selective sales      2,234,662
            License taxes      613,910
            Individual income tax      7,422,071
            Corporate income tax      422,119
            Other taxes      562,902
       
        Current charges      4,472,170
        Miscellaneous general revenue      2,944,884
       
    Utility revenue      0
    Liquor stores revenue      407,574
    Insurance trust revenue(1)      7,360,512
       
Total expenditure      30,352,413
    Intergovernmental expenditure      8,820,012
    Direct expenditure      21,532,401
        Current operation      15,583,821
        Capital outlay      1,772,815
        Insurance benefits and repayments      2,383,042
        Assistance and subsidies      1,070,788
        Interest on debt      721,935
Exhibit: Salaries and wages      4,872,369
       
Total expenditure      30,352,413
General expenditure      27,600,694
        Intergovernmental expenditure      8,820,012
        Direct expenditure      18,780,682
       
    General expenditure, by function:       
        Education      10,308,063
        Public welfare      5,618,854
        Hospitals      2,019,255
        Health      724,350
        Highways      2,477,512
       
        Police protection      549,489
        Correction      1,215,898
        Natural resources      181,365
        Parks and recreation      77,446
        Governmental administration      934,727
       
        Interest on general debt      721,935
        Other and unallocable      2,771,800
       
    Utility expenditure      18,759
    Liquor stores expenditure      349,918
    Insurance trust expenditure      2,383,042
       
Debt at end of fiscal year      15,394,563
       
Cash and security holdings      57,642,635

(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