Illinois Annual Report

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Excerpt from Illinois Annual Report: Fiscal Year 1975, July 1, 1974-June 30, 1975Funds are established jointly by the Comptroller and the State Treasurer pursuant to statutory direction or authorization. A fund is a segregation of cash and serves as a device to assist in maintaining control of the State's fiscal affairs.The major portion of the State's tax revenue is deposited in the General Revenue Fund and is available to meet the general obligations of the State. The General Assembly may, however, require that the money received from a specific source of rev enue be placed in a special fund and spent only for certain designated purposes.Funds are classified in this report according to major purposes and sources. The General Revenue Fund supports all appropriations not specifically drawn against other funds. The Common School Fund is financed by revenue from sales taxes, bingo tax and by transfers from the General Revenue and Federal Fiscal Assistance Funds. These three funds are combined into a General Funds classification. The magnitude and importance of transactions from the highway funds justifies their inclusion as a distinct group.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.