The State receives revenues from various sources including a variety of taxes, Federal grants, fees, fines, receipts for State-provided services, and other miscellaneous receipts.

Taxes are the largest source of State revenues followed by Federal grants and miscellaneous receipts.

The revenue account codes listed in this chapter have been developed and organized to provide essential information that can be used for financial reporting and analytical purposes, and to enable State managers to monitor and track the type of revenues the State receives. The product code field can also be used in conjunction with the account code, to provide a lower level of detail for reporting and analysis.

The following major classes of revenues have been developed for use by all State agencies and public authorities that transact in the SFS.

• Taxes
  • Personal Income Tax
  • Consumption and Use Taxes
  • Business Taxes
  • Other Taxes
• Miscellaneous Receipts
• Federal Receipts

Guide to Financial Operations

REV. 11/26/2019