California FY 1999 CAFR Funds Back

Special Revenue Funds - Page 103

Special Revenue Funds account for the proceeds of specific revenue sources, other than major capital projects or expendable trust funds that are legally restricted to expenditures for specific purposes. A description of major special revenue funds follows:

Federal Fund accounts for the receipt and use of grants, entitlements, and shared revenues received from the federal government.

Transportation Construction Fund accounts for gasoline taxes, bond proceeds, and other revenues that are used for highway and passenger rail construction.

Transportation Safety Fund accounts for automobile registration fees and other revenues that are used for transportation safety programs.

Business and Professions Regulatory and Licensing Fund accounts for fees and other revenues charged for regulating and licensing specific industries, professions, and vocations.

Environmental and Natural Resources Fund accounts for fees, bond proceeds, and other revenues that are used for maintaining the state's natural resources and improving the environmental quality of the state's air, land, and water.

Financing to Local Governments Fund accounts for fees, bond proceeds, and other revenues that are used to finance the construction and maintenance of schools, parks, jails, and other local government assets.

Cigarette and Tobacco Tax Fund accounts for a surtax on cigarette and tobacco products that is used for various health programs.

Local Revenue Fund accounts for a 0.5% state sales tax that is dedicated to local governments for realigning costs from the State to local governments.

Unemployment Programs Fund accounts for transfers from the federal fund, appropriations from the State, penalties, and other revenues which are used to pay for the administration of the Unemployment Insurance Program and other related programs.

Financing to the Public Fund accounts for various fees, bond proceeds, appropriations from the State, and other revenues that provide financing to the public for emergencies, housing, and other programs.

Trial Courts Fund accounts for the various fees collected by the courts, maintenance of effort payments from the counties, transfers in from the General Fund, and the trial court operating costs.

Other Special Revenue Funds account for transactions related to resources obtained from all other specific revenue resources (other than for expendable trusts or major capital projects) that are legally restricted to expenditures for specific purposes.

Enterprise Funds - Page 115

Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. A brief description of major enterprise funds follows:

Housing Loan Fund accounts for contracts for the sale of properties to California veterans and California National Guard members, and program loans to finance the housing needs of persons and families of low and moderate income.

Water Resources Fund accounts for charges to local water districts and the sale of excess power to public utilities.

School Building Aid Fund accounts for loans to school districts for acquisition, construction, or rehabilitation of classroom facilities, and for income from the rental of portable classrooms to school districts.

Toll Facilities Fund accounts for fees collected for crossing state toll bridges, except for the fees administered by the Bay Area Toll Authority.

California State University Fund accounts for charges to students for housing and parking and student fees for campus unions, health centers, and self-supporting educational programs.

Leasing of Public Assets Fund accounts for rental charges from the lease of public assets.

State Lottery Fund accounts for the sale of lottery tickets.

Health Facilities Construction Loan Insurance Fund accounts for an insurance program for health facility construction loans.

Public Employees' Benefits Fund accounts for contributions and premiums for public employee long-term care plans and administration of a deferred compensation program.

Other Enterprise Funds account for all other goods or services provided to the general public on a continuing basis when all or most of the cost involved is to be financed by user charges, or when periodic measurement of the results of operations is appropriate for management control, accountability, capital maintenance, public policy, or other purposes.

Internal Service Funds - Page 125

Internal Service Funds account for state activities that provide goods and services to other state departments or agencies on a cost reimbursement basis. A brief description of the major internal service funds follows:

Architecture Revolving Fund accounts for charges for the costs of architectural services, construction, and improvements.

Service Revolving Fund accounts for charges for printing and procurement services rendered by the Department of General Services for state departments and other public entities.

Prison Industries Fund accounts for charges for goods produced by inmates in state prisons that are sold to state departments and other governmental entities.

Stephen P. Teale Data Center Fund accounts for charges for data processing services per-formed for various state departments by the Stephen P. Teale Data Center.

Health and Welfare Data Center Fund accounts for charges for data processing services performed for various state departments by the Health and Welfare Agency Data Center.

Water Resources Revolving Fund accounts for charges for administrative services related to water delivery provided by the Department of Water Resources to federal, state, and local government agencies.

Public Employees' Health Care Fund accounts for employer and employee contributions that pay benefits, claims costs, and administrative costs of self-funded or minimum premium health benefit plans.

Equipment Service Fund accounts for the purchase, maintenance, and administration costs of equipment used by the Department of Transportation.

Other Internal Service Funds account for all other goods or services provided to other agencies, departments, or governments on a cost reimbursement basis.

Expendable Trust Funds - Page 137

Expendable Trust Funds account for assets held by the State in a trustee capacity where the principal and income may be expended in the course of the fund's designated operations. A brief description of major expendable trust funds follows:

Unemployment Fund accounts for employer contributions used for payments of unemployment insurance benefits.

School Employees Fund accounts for contributions from employers of school employees that are used for payments of unemployment insurance benefits.

Unemployment Compensation Disability Fund accounts for taxes on wages of workers that are used to pay disability benefits.

California State University and Colleges Trust Fund accounts for receipts from gifts, bequests, donations, and federal and state grants and loans that can only be expended for the purpose for which they were received.

Student Loan Fund was reorganized effective October 1, 1998 into two subfunds. The Federal Student Loan Reserve subfund is property of the United States government and accounts for federal receipts, insurance premiums, and other receipts for the purpose of Student Loan reinsurance and related programs. The Student Loan Operating Fund is property of the State and accounts for loan processing and other fees received from the federal government for the purpose of guaranteeing loans to college students.

Housing Loan Fund accounts for various housing program loans.

Unclaimed Property Fund accounts for Unclaimed money and properties held in trust by the State.

Deferred Compensation Plan Fund accounts for moneys withheld from the salaries of participants; the moneys are invested until the employee retires or resigns at which time all money withdrawn, including investment income, is subject to income taxes.

Other Expendable Trust Funds account for other assets held in a trustee capacity when both principal and income may be expended in the course of a fund's designated operations.

Pension Trust Fund - Page 143

Pension Trust Funds account for transactions, assets, liabilities, and net assets available for plan benefits of the various state public employees' retirement systems. A brief description of each pension trust fund follows:

Public Employees' Retirement Fund accounts for the employee and employer contributions of the agent multiple-employer retirement plan that provides pension benefits to employees of the State of California, non- teaching school employees, and employees of California public agencies.

State Teachers' Retirement Fund accounts for the employee, employer, and primary government contributions of the cost-sharing multiple- employer retirement plan that provides pension benefits to teachers and certain other employees of the California public school system.

Teachers' Retirement 403(b) Fund accounts for the employee contributions of participating employers and plan members to this defined contribution plan.

Judges' Retirement Fund accounts for the employee and employer contributions of the agent multiple-employer retirement plan that provides pension benefits to judges of the California Supreme Court, courts of appeal, superior courts, municipal courts, and justice courts appointed or elected prior to November 9, 1994.

Judges' Retirement Fund II accounts for the employee and employer contributions of the agent multiple-employer retirement plan that provides pension benefits to judges of the California Supreme Court, courts of appeal, superior courts, municipal courts, and justice courts appointed or elected on or subsequent to November 9. 1994.

Legislators' Retirement Fund accounts for the employee and employer contributions of the single-employer retirement plan that provides pension benefits to members of the Legislature, serving prior to November 1, 1990, constitutional officers, and legislative statutory officers who elect to participate in the plan.

Volunteer Firefighters' Length of Service Award Fund accounts for employer contributions of the agent multiple-employer retirement plan that provides awards to volunteer firefighters.

State Peace Officers' and Firefighters' Defined Contribution Plan Fund accounts for the employer contributions to the defined contribution plan that supplements the retirement benefits provided to the correctional officers employed in State of California Bargaining Unit 6.

Agency Funds - Page 149

Agency Funds account for the receipt and disbursement of various taxes, deposits, deductions, and property collected by the State, acting in the capacity of an agent for distribution to other governmental units or other organizations. A brief description of major agency funds follows:

Revenue Collecting and Disbursing Fund accounts for revenues and receipts collected on behalf of other funds and local governments for subsequent disbursement to them. This fund also accounts for receipts from numerous state funds, typically for the purpose of writing a single warrant when the warrant is funded by multiple funding sources.

Deposit Fund accounts for various deposits such as condemnation and litigation.

Departmental Trust Fund accounts for various deposits held in trust by state departments.

Other Agency Funds account for other assets held by the State, which acts as an agent for individuals, private organizations, other governments, or other funds.

Component Units - Special Purpose Authorities - Page 159

Special Purpose Authorities are legally separate entities that are discretely presented in the State's financial statements as component units in accordance with GASB Statement No. 14. The authorities' inclusion in the State's general purpose financial statements reflects the State's financial accountability for these entities. A brief description of the major authorities follows:

State Compensation Insurance Fund is a component unit created to offer insurance protection to employers at the lowest possible cost. This information is as of and for the year ended December 31, 1998.

The California Housing Finance Agency was created for the purpose of meeting the housing needs of persons and families of low and moderate income.

Other Non-Major Component Units provide certain services outside the State and provide certain private and public entities with a low-cost source of financing for activities that are deemed to be in the public interest.

The California Alternative Energy and Advanced Transportation Financing Authority was created to provide financing for the alternative energy and advanced transportation technologies.

The California Infrastructure and Economic Development Bank provides financing of an interconnected system of public improvements, business development, and public infrastructure projects.

The California Pollution Control Financing Authority was created to provide financing for pollution control facilities.

The California Health Facilities Financing Authority was created to provide financing for the construction, equipping, or acquiring of health facilities.

The California Educational Facilities Authority was created for the purpose of issuing revenue bonds to assist private educational institutions of higher learning in the expansion and construction of educational facilities.

The California School Finance Authority was created for the purpose of providing loans to school and community college districts to assist in obtaining equipment and facilities.

District Agricultural Associations were created for the purpose of exhibiting all of the industries, industrial enterprises, resources, and products of the State.

The San Joaquin River Conservancy was created for the purpose of acquiring and managing public lands within the San Joaquin River Parkway.

The California Urban Waterfront Area Restoration Financing Authority was created to provide financing for coastal and inland urban waterfront restoration projects.