The Alaska Citizen's Guide to the Budget


1.2.6.2. Special Fund Operations $.736 billion in 2002

Most special fund revenues are associated with self-supporting activities of state agencies that are best kept track of separately from the general fund. We identified $736 milllion in the operating budget in this category.

About 2/3 of the special fund operating revenues are associated with 5 activities. The University of Alaska receives a general fund appropriation, but most of the University revenues come from tuition, dormitory and food services, various student fees, research grants, and endowments. These revenues, which amounted to $177 million, go directly to pay for University services and do not flow through the general fund. The Marine Highway System, like the University, receives an appropriation from the general fund, but most of its revenues come from passenger fares. Expenses associated with management of the Permanent Fund as well as state and teacher retirement accounts are also handled outside the general fund. The International Airport budgets are outside the general fund and supported by user fees.

There are a number of smaller state entities that generate revenues that are not run through the general fund like the Alaska Science and Technology Foundation, Alaska Housing Finance Corporation (AHFC), and the Alaska Industrial Development and Export Authority (AIDEA). In addition, revenues for some specific purposes such as debt retirement, fish and game management, and power cost equalization are collected in funds separate from the general fund. In some of these cases the money formerly did go into the general fund, but now it is accounted for separately.

To see how the money in each of these special funds was spent, click on the fund name.

Special Fund Operating Spending in 2002
$ (thousands)
1048 University Restricted Receipts $91,624.2
1027 International Airport Revenue Fund 62,056.9
1105 Alaska Permanent Fund Corporation Receipts 59,131.9
1038 U/A Student Tuition/Fees/Services 55,041.1
1076 Marine Highway System Fund 51,671.5
1156 Receipt Supported Services 48,848.5
1108 Statutory Designated Program Receipts 44,860.3
1015 U/A Dormitory/Food Auxilary Service 35,334.4
1050 Permanent Fund Dividend 30,237.1
1029 Public Employees Retirement Fund 29,060.1
1030 School Fund (Cigarette Tax) 29,049.1
1024 Fish and Game Fund 24,799.7
1017 Benefits Systems Receipts 17,384.7
1103 AK Housing Finance Corporation Receipts 17,168.2
1034 Teachers Retirement System Fund 14,528.2
1025 Science & Technology Endowment Income 13,688.1
1101 AK Aerospace Development Corporation Receipts 12,900.6
1066 Public School Fund 11,967.4
1092 Mental Health Trust Settlement Income 10,771.3
1106 AK Post-Secondary Education Commission Receipts 7,717.6
1018 Exxon Valdez Oil Spill Settlement Fund 7,321.0
1139 AHFC Dividend 6,000.0
1141 RCA REceipts 5,871.3
1054 State Employment & Training Program 5,150.1
1059 Correctional Industries Fund 4,150.6
1102 AK Industrial Development & Export Authority Receipts 4,055.3
1109 Test Fisheries Receipts 4,010.8
1010 U/A Interest Income 3,928.3
1162 AK Oil and Gas Conservation Commission Receipts 3,317.3
1031 Second Injury Fund Reserve Account 3,173.8
1036 Commercial Fishing Loan Fund 2,873.8
1153 State Land Disposal Income Fund 2,601.0
1157 Workers Safety and Compensation Admin Account 2,569.2
1093 Clean Air Protection Fund 2,266.4
1021 Agricultural Loan Fund 1,846.9
1032 Disabled Fishermans Reserve Account 1,307.8
1107 Alaska Energy Authority Corporate Receipts 1,051.9
1094 Mental Health Trust Administration 1,040.3
1062 Power Project Loan Fund 807.5
1104 Alaska Municipal Bond Bank Receipts 521.2
1098 Children's Trust Fund Earnings 516.2
1115 International Trace and Development Earnings 496.4
1117 Vocational Small Business Fund 365.0
1070 Fisheries Enhancement Revolving Loan Fund 332.6
1150 AK Commission on Postsecondary Education Dividend 313.1
1042 Judicial Retirement System 293.5
1155 Timber Sale Receipts 280.0
1040 Real Estate Surety Fund 273.8
1053 Investment Loss Trust Fund 250.1
1152 AK Fire Standards Council Receipts 221.5
1045 National Guard Retirement System 194.8
1071 Alternative Energy Revolving Loan Fund 151.7
1111 Fisherman's Fund Income 115.0
1023 FICA Administration Fund Account 112.7
1035 Veterans Revolving Loan Fund 107.4
1074 Bulk Fuel Revolving Loan Fund 49.3
1164 Rural Development 43.0
1143 Retiree Health Insurance Fund/Long Term Care 33.3
1011 Alaska Advance College Tuition Payment Fund 28.5
1046 Student Revolving Loan Fund 22.5
1142 Retiree Health Insurance Fund/Major Medical 19.9
1068 Child Care Revolving Loan Fund 6.0
1067 Mining Revolving Loan Fund 5.1
1057 Small Business Load Fund 3.4
1069 Historical District Revolving Loan Fund 2.5
TOTAL   $735,942.7
Source: Legislative Finance Alaska 2002 Enacted Budget excel spreadsheet,and ISER calculations.

 

Top ^

Institute of Social and Economic Research, University of Alaska Anchorage
3211 Providence Drive, Anchorage, Alaska 99508  (907)786-7710

Page updated November 13, 2002

 © Copyright 2002, Institute of Social and Economic Research