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The fiscal year is 7/1/2021 - 6/30/2022. General Fund - the primary sources of revenues are personal income tax, sales and use tax, corporation tax,

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The fiscal year is 7/1/2021 - 6/30/2022. General Fund - the primary sources of revenues are personal income tax, sales and use tax, corporation tax, and insurance tax. Special Funds - the primary sources of revenues are motor vehicle taxes and fees, business and professional license fees, and oil and gas royalties. Bond funds - borrowed money (interest + principal payments in the future).

1) Look at https://www.ebudget.ca.gov/budget/publication/#/m/2021-22/Home Links to an external site.and find the numbers for the following items:

a) General Fund:

b) Special Funds:

c) Bond Funds:

d) Total State Funds (general fund + special funds + bond funds):

e) General Fund Revenues (in millions of dollars - add six zeroes):

f) General Fund Expenditures (in millions of dollars - add six zeroes) :

g) Budget deficit = General Fund Revenues - General Fund Expenditures =

image text in transcribedimage text in transcribed
Budget0verview Budget Summary Budget Detail Department index Budget References General Fund Revenues vs Expenditures (Dollars in Millions) REVENUES EXPENDITURES ' Total: $175,921 Total: $196,795 0 me Budget Stabilization Account/Rainy Day Fund: - $3,445 Budget Overview Budget Summary Budget Detail Department Index Budget References Total State Funds Total $268 Billion Transportation: 9.2 % Business, Consumer Services, and Housing: 1.4 $ Natural Resources: 4.5 % Corrections and Rehabilitation: 6.4 % Environmental Protection: 2.3% Legislative, Judicial, and Executive: 4.3% General Government: 7.1 % Labor and Workforce Development: 0.6 % Goverment Operations: 1.5 % K. thru 12 Education: 24.7% Health and Human Services: 30.1 59 Higher Education: 8.1 % CALIFORNIA HOME DEPARTMENT INDEX SITE MAP DEPARTMENT OF FINANCE FINANCE LETTERS GOVERNOR'S WEBSITE BUDGET SEARCH 6 2021 - Stamp of California Conditon of Use Privacy Policy MacBook Air Q W E R T Y U O P

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