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APM 025 ANNUAL REPORT for FISCAL YEAR ENDING JUNE 30,  Form

APM 025 ANNUAL REPORT for FISCAL YEAR ENDING JUNE 30, Form

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thank you hello I'm Steve Wendling with the state auditor's office I oversee the audit of the state's financial statements contained in the annual comprehensive financial report or Oxford the actor is a complex and lengthy document coming in at 348 pages every year after we complete our audit we put together a little summary of the financial highlights and Trends as we see them I would characterize fiscal year 22 as a return to normalcy in the state's finances you can see that revenues and expenses were roughly equal coming in at 83 billion and 81 billion respectively in looking at the state's revenues and expenses over the last 10 years we can see elevated levels of both revenues as and expenses in fiscal years 20 and 21 as the state dealt with the pandemic in fiscal year 22 we saw a return to more sustainable lower levels of revenues and expenses and looking more closely at revenues in fiscal year 20 revenues were led by taxes followed by operating grants and charges for services som

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