Illinois Annual Report, 1988: Fiscal Year 1988, July 1, 1987-June 30, 1988 (Classic Reprint)

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Excerpt from Illinois Annual Report, 1988: Fiscal Year 1988, July 1, 1987-June 30, 1988The budgetary balance on June 30, 1987 plus total revenues constitute the total available for expenditure in fiscal year 1988 including the lapse period, July 1 through September 30, 1988. The total available as reduced by total expenditures in the twelve months of fiscal year 1988 and the warrants issued in the lapse period to pay fiscal year 1988 obligations equal the budget ary balance to begin the next fiscal year. The budgetary balance in several funds may be negative to the extent that warrants issued in the lapse period exceed the available balance on June 30, 1988. The deficiencies in these budgetary balances are compensated by transfers or cash receipts during the lapse period.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.