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STATE GOVERNMENT FINANCES: 2007
STATE: ARKANSAS
(Thousand Dollars)
 
Source: 2007 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/07_methodology.pdf.

Item       Amount      
Total revenue      18,175,873
       
    General revenue      14,161,006
        Intergovernmental revenue      4,286,094
        Taxes      7,391,778
            General sales      2,904,401
            Selective sales      950,307
            License taxes      298,309
            Individual income tax      2,168,441
            Corporate income tax      362,983
            Other taxes      707,337
       
        Current charges      1,752,177
        Miscellaneous general revenue      730,957
       
    Utility revenue      0
    Liquor stores revenue      0
    Insurance trust revenue(1)      4,014,867
       
Total expenditure      14,948,566
    Intergovernmental expenditure      4,300,048
    Direct expenditure      10,648,518
        Current operation      8,128,452
        Capital outlay      919,377
        Insurance benefits and repayments      1,186,604
        Assistance and subsidies      239,278
        Interest on debt      174,807
Exhibit: Salaries and wages      1,749,690
       
Total expenditure      14,948,566
General expenditure      13,761,962
        Intergovernmental expenditure      4,300,048
        Direct expenditure      9,461,914
       
    General expenditure, by function:       
        Education      6,023,402
        Public welfare      3,624,917
        Hospitals      742,881
        Health      238,276
        Highways      897,313
       
        Police protection      70,632
        Correction      331,717
        Natural resources      221,573
        Parks and recreation      44,290
        Governmental administration      526,971
       
        Interest on general debt      174,807
        Other and unallocable      865,183
       
    Utility expenditure      0
    Liquor stores expenditure      0
    Insurance trust expenditure      1,186,604
       
Debt at end of fiscal year      4,508,511
       
Cash and security holdings      24,204,375

(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: November 19, 2008
Last Revised:   December 14, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: December 14, 2011