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

6.6 Special Revenue Funds

There is about $64 million of assets at the end of FY 2001 in a set of funds known as the special revenue funds. These special revenue funds account for the proceeds of specific revenue sources (other than expendable trusts or major capital projects) that are legally restricted to expenditures for specified purposes.

 
(million $)
National Petroleum Reserve Fund (12131)
Administered by Department of Community and Economic Development. This fund consists of all money disbursed to the State by the federal government under 42 U.S.C. 6508 since December 12, 1980, less the amount deposited in the general fund and expended by the State by general fund appropriations before June 9, 1984. The monies are spent by municipalities to alleviate the impact from oil and gas development within the National Petroleum Reserve.
Total Assets:
$28
Assets Less Liabilities:
$27
FY 2001 Revenue:
$2
FY 2001 Net Income:
$-1
Fish and Game Fund (12122)
Administered by Department of Fish and Game. Statutory revenue in this fund can only be used for the purpose of protection, propagation, investigation, and restoration of sport fish and game resources and the expenses of administering the sport fish and wildlife divisions of Department of Fish and Game. These monies are received from the sale of State sport fishing and hunting licenses and special permits; sale of furs, skins, and specimens taken by predator hunters; money received in settlement of a claim or loss caused by damage to fish and game purposes; and donations. In addition to the statutory revenues, federal revenues, crewmember license fees, and other sources are appropriated to the fund for purposes related to fish and wildlife.
Total Assets:
$15
Assets Less Liabilities:
$11
FY 2001 Revenue:
$42
FY 2001 Net Income:
$-.496
Disaster Relief Fund (12125)
Administered by Office of the Governor and Department of Military and Veterans Affairs. This fund provides resources to alleviate the effects of disasters wherever and whenever they may occur in the State.
Total Assets:
$12
Assets Less Liabilities:
$10
FY 2001 Revenue:
$11
FY 2001 Net Income:
$-1
School Fund (12123)
Administered by Department of Revenue and Department of Education and Early Development. This fund receives the revenue from the payment of cigarette taxes, fees, and penalties. It can only be used to rehabilitate, construct, and repair the State's school facilities, and for costs of insurance on buildings comprising school facilities.
Total Assets:
$8
Assets Less Liabilities:
$4
FY 2001 Revenue:
$31
FY 2001 Net Income:
$1
Reclamation Bonding Pool Fund (12133)
Administered by Department of Natural Resources. A miner is required to have an approved reclamation plan and to file a performance bond before mining operations may commence. This fund is established as a statewide bonding pool as an alternative to individual performance bonds.
Total Assets:
$.956
Assets Less Liabilities:
$.623
FY 2001 Revenue:
$.044
FY 2001 Net Income:
$.044
Northern Tobacco Securitization Corporation [NTSC] Fund (21664)
Subsidiary of Alaska
Housing Finance Corporation (AHFC). The purpose of this fund is to purchase Tobacco Settlement Revenues from the State in order to provide financing of construction of public school facilities, facilities for the University of Alaska, public housing facilities of AHFC and facilities for ports and harbors. NTSC is authorized to issue bonds necessary to provide sufficient funds for carrying out its purpose.
Total Assets:
$.618
Assets Less Liabilities:
$.298
FY 2001 Revenue:
$0
FY 2001 Net Income:
$.298
Clean Air Protection Fund (12133)
Administered by Department of
Environmental Conservation. The fund is established to collect and account for permit fees under the federal clean air act. Monies collected may only be used to cover reasonable costs required to support the permit program.
Total Assets:
$.530
Assets Less Liabilities:
$.240
FY 2001 Revenue:
$2
FY 2001 Net Income:
$-.208
Training and Building Fund (12121)
Administered by Department of Labor and Workforce Development. This fund consists of interest and penalties for failure to file timely reports and pay contributions to the Unemployment Compensation Fund. It may be used for the administration of the Employment Security Act when federal funds are not available; participation in programs of manpower training; and acquisition of land and buildings for the purpose of providing office space for the department.
Total Assets:
$.085
Assets Less Liabilities:
$.042
FY 2001 Revenue:
$.524
FY 2001 Net Income:
$-.058

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

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Page Updated April 16, 2003

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