State Government Finances Viewable Data

STATE GOVERNMENT FINANCES: 2005

STATE: MINNESOTA

(Thousand Dollars)

Source: 2005 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

Item	Amount
Total revenue	31,723,566

General revenue	25,790,017
Intergovernmental revenue	6,575,048
Taxes	15,881,131
General sales	4,203,736
Selective sales	2,437,303
License taxes	956,899
Individual income tax	6,341,164
Corporate income tax	933,896
Other taxes	1,008,133

Current charges	2,039,617
Miscellaneous general revenue	1,294,221

Utility revenue	0
Liquor stores revenue	0
Insurance trust revenue(1)	5,933,549

Total expenditure	29,559,979
Intergovernmental expenditure	10,108,813
Direct expenditure	19,451,166
Current operation	13,760,450
Capital outlay	1,254,816
Insurance benefits and repayments	3,197,355
Assistance and subsidies	849,541
Interest on debt	389,004
Exhibit: Salaries and wages	3,165,931

Total expenditure	29,559,979
General expenditure	26,263,523
Intergovernmental expenditure	10,108,813
Direct expenditure	16,154,710

General expenditure, by function:
Education	10,668,686
Public welfare	8,157,098
Hospitals	267,403
Health	542,267
Highways	1,939,975

Police protection	252,355
Correction	408,755
Natural resources	458,191
Parks and recreation	175,845
Governmental administration	853,923

Interest on general debt	389,004
Other and unallocable	2,150,021

Utility expenditure	99,101
Liquor stores expenditure	0
Insurance trust expenditure	3,197,355

Debt at end of fiscal year	7,265,044

Cash and security holdings	53,900,444

(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: February 7, 2007 Last Revised: January 5, 2011

State Government Finances