The Institute of Social & Economic Research

The Alaska Citizen's Guide to the Budget

Financial Assistance
provided by:

Fiscal Policy Council of Alaska

Comparisons
State Assets
Trust Funds
Public Corporations
The General Fund
Enterprises
Administrative Funds
Special Revenue Funds
Investment Management
Index to Funds

 

 

6. State Assets

6.4 Enterprise Funds

Enterprise Funds include about $1.1 billion of assets in accounts for funding self-supporting business-like state activities, including loans that are financed primarily through user fees. The largest is the International Airports Fund, into which all revenues and fees from airports operations are paid and out of which the operations of the airports are financed.

Enterprise Funds (end of fiscal year 2001)
million $
TOTAL
$ 1,087
Other Agencies Enterprise Funds
$ 876
Commercial Assistance Enterprise Funds
$ 211
Energy Assistance Enterprise Funds
$ 1
Source: State of Alaska, Comprehensive Annual Financial Report, for the Fiscal Year July 1, 2000 - June 30, 2001, Department of Administration, Division of Finance.

Other Agencies Enterprise Funds—end of Fiscal Year 2001

 
(million $)
International Airports Fund (21602)
Administered by the Department of Transportation and Public Facilities. This fund consists of all revenues, fees, charges, and rentals derived by the State from the ownership, lease, use, and operation of the airports.
Total Assets:
$684
Total Fund Equity:
$437
FY 2001 Revenue:
$74
FY 2001 Net Income:
$16
Alaska Clean Water Fund (21658)
Administered by Department of Environmental Conservation. This fund consists of money appropriated by the legislature to meet federal matching requirements for public water and sewage treatment facilities.
Total Assets:
$135
Total Fund Equity:
$135
FY 2001 Revenue:
$3
FY 2001 Net Income:
$6
Alaska Drinking Water Fund (21659)
Administered by Department of Environmental Conservation. The fund consists of federal capitalization grant. The capitalization grant is divided between two purposes: part of each capitalization grant is to be deposited into the DWF for providing loans for drinking water infrastructure projects; the other part is to be used for set-side or nonproject activities. Set-aside funds must be maintained in a separate account from the project fund.
Total Assets:
$28
Total Fund Equity:
$28
FY 2001 Revenue:
$.799
FY 2001 Net Income:
$1
Agricultural Revolving Loan Fund (21606)
Administered by the Department of Natural Resources. The Alaska Agricultural Loan Act is a declaration of policy to promote the development of agriculture as an industry throughout the State by means of long-term low interest loans. The Agricultural Revolving Loan Fund was created to fulfill this purpose.
Total Assets:
$28
Total Fund Equity:
$28
FY 2001 Revenue:
$.605
FY 2001 Net Income:
$.132
Rural Economic Development Initiative Fund (21644)
Administered by Department of Community and Economic Development. The purpose of the fund is to provide loans of up to $100,000 to communities with a population of 5,000 or less. The loans may be used for working capital, equipment, construction, or other commercial purposes.
Total Assets:
$.652
Total Fund Equity:
$.649
FY 2001 Revenue:
$.041
FY 2001 Net Income:
$.060
Alcoholism and Drug Abuse Revolving Loan Fund (21642)
Administered by Department of Health and Social Services. This fund is required under 42 U.S.C. 300x-4a to qualify the State to receive block grant money from the United States Department of Health and Human Services under 42 U.S.C. 300x – 2. Money in the fund may be used to make loans to private nonprofit organizations for the cost of establishing programs to help pay the living expenses of individuals recovering from alcohol or drug abuse who may reside in groups.
Total Assets:
$.173
Total Fund Equity:
$.173
FY 2001 Revenue:
$0
FY 2001 Net Income:
$.012
 

Commercial Assistance Enterprise Funds—end of Fiscal Year 2001

 
(million $)
Commercial Fishing Revolving Loan Fund (21608)
Administered by Department of Community and Economic Development. The purpose of the fund is to promote the development and continued maintenance of commercial fishing gear and vessels by means of long-term, low interest loans.
Total Assets:
$111
Total Fund Equity:
$110
FY 2001 Revenue:
$6
FY 2001 Net Income:
$3
Fisheries Enhancement Revolving Loan Fund (21615)
Administered by Department of Community and Economic Development. The purpose of this fund is to promote the enhancement of the State's fisheries by means of long-term, low interest loans for salmon hatchery planning, construction, and operation.
Total Assets:
$98
Total Fund Equity:
$98
FY 2001 Revenue:
$4
FY 2001 Net Income:
$4
Alaska World War II Veterans' Revolving Fund (21605)
Administered by Department of Community and Economic Development. The fund was created for the purpose of making home, education, or personal loans to eligible veterans. However, no loans are currently being made from the fund.

Total Assets:

$.633
Total Fund Equity:
$.467
FY 2001 Revenue:
$.046
FY 2001 Net Income:
$-.046
Historical District Revolving Loan Fund (21614)
Administered by Department of Community and Economic Development. The purpose of this fund is to make loans for the restoration or rehabilitation of structures within the boundaries of a historical district. These structures are identified as important to State or national history and are suitable for superficial modification to conform to the period or motif of the surrounding area.
Total Assets:
$.488
Total Fund Equity:
$.449
FY 2001 Revenue:
$.028
FY 2001 Net Income:
$-.014
Small Business Revolving Loan Fund (21607)
Administered by Department of Community and Economic Development. AS 45.95 authorizes the Commissioner of DCED to make small business loans. Loans may be used to acquire, finance, or refinance or equip businesses, which includes mining, fishing, and farming equipment.
Total Assets:
$.394
Total Fund Equity:
$.375
FY 2001 Revenue:
$.015
FY 2001 Net Income:
$-.009
Mining Revolving Loan Fund (21625)

Administered by Department of Community and Economic Development. This fund consists of money appropriated by the legislature for loans to underwrite advanced mineral exploration, development, or mining.

 

Total Assets:
$.361
Total Fund Equity:
$.341
FY 2001 Revenue:
$.008
FY 2001 Net Income:
$.003
Child Care Facility Revolving Loan Fund (21612)
Administered by Department of Community and Economic Development. The purpose of this fund is to make loans for the construction, renovation, and equipping of child care facilities in order to enable such facilities to comply with the requirements for certification by the Department of Education and Early Development or for licensing by the Department of Health and Social Services.
Total Assets:
$.213
Total Fund Equity:
$.170
FY 2001 Revenue:
$.009
FY 2001 Net Income:
$-.027

Energy Assistance Enterprise Funds—end of Fiscal Year 2001

 
(million $)
Alternative Energy Revolving Loan Fund (21619)
Administered by Department of Community and Economic Development. This fund consists of monies appropriated by the legislature for the purpose of developing energy production from sources other than fossil or nuclear fuel.
Total Assets:
$.658
Total Fund Equity:
$.580
FY 2001 Revenue:
$.032
FY 2001 Net Income:
$-.154
Residential Energy Conservation Fund (21623)
Administered by Department of Community and Economic Development. This fund consists of money appropriated by the legislature for refunds, grants, and loans to purchase, construct, or install energy conservation improvements.
Total Assets:
$.001
Total Fund Equity:
$.001
FY 2001 Revenue:
$.001
FY 2001 Net Income:
$.001

Source: State of Alaska, Comprehensive Annual Financial Report, For the Fiscal Year July 1, 2000 - June 30, 2001, Department of Administration, Division of Finance.

Site Map
 
Top ^

Next >

Fiscal Policy Papers

About ISER


Institute of Social and Economic Research, University of Alaska Anchorage
Mailing Address: 3211 Providence Drive, Anchorage, Alaska 99508
Physical Address: 4500 Diplomacy Drive, Suite 501, Anchorage, Alaska
 
(907)786-7710

Page Updated April 16, 2003

Other Resources
Send a Comment
 © Copyright 2011, Institute of Social and Economic Research