State Government Finances Viewable Data

STATE GOVERNMENT FINANCES: 2005

STATE: VIRGINIA

(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	37,036,660

General revenue	30,201,401
Intergovernmental revenue	6,303,650
Taxes	15,918,847
General sales	3,093,725
Selective sales	2,385,204
License taxes	622,941
Individual income tax	8,352,366
Corporate income tax	605,959
Other taxes	858,652

Current charges	5,018,271
Miscellaneous general revenue	2,960,633

Utility revenue	0
Liquor stores revenue	439,340
Insurance trust revenue(1)	6,395,919

Total expenditure	32,708,720
Intergovernmental expenditure	9,720,411
Direct expenditure	22,988,309
Current operation	16,885,512
Capital outlay	1,965,481
Insurance benefits and repayments	2,357,574
Assistance and subsidies	1,121,166
Interest on debt	658,576
Exhibit: Salaries and wages	5,165,696

Total expenditure	32,708,720
General expenditure	29,944,318
Intergovernmental expenditure	9,720,411
Direct expenditure	20,223,907

General expenditure, by function:
Education	11,617,866
Public welfare	6,098,229
Hospitals	2,236,882
Health	749,046
Highways	2,671,290

Police protection	587,557
Correction	1,285,925
Natural resources	184,910
Parks and recreation	75,955
Governmental administration	989,459

Interest on general debt	658,576
Other and unallocable	2,788,623

Utility expenditure	40,197
Liquor stores expenditure	366,631
Insurance trust expenditure	2,357,574

Debt at end of fiscal year	16,901,057

Cash and security holdings	65,500,814

(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