Budget Fund classification in the Operating Budget consists of the General Fund, the Road
Fund, federal funds accounts and restricted funds accounts.
General Fund - consists of state tax revenue collected under general tax laws and
other designated receipts available for the activities, operations and services of state
Road Fund - consists of money from excise or license taxation relating to gasoline or
other motor fuel products, and moneys derived from fees, excise or license taxes relating
to registration, operation or use of vehicles on public highways. The Constitution
dedicates these revenues for highways and bridges, vehicle regulation and related state
Funds - moneys received by state agencies in the form of grants, contracts or other
assistance from the federal government for specified purposes.
Funds - moneys collected by state agencies which are restricted by statute or budget
bill for expenditure toward general or specific use by an agency. Restricted sources
include regulatory or occupational licenses and fees, tuition, service charges, sales of
goods or products, donations or grants from non-state sources and expendable receipts and
earnings of trust type programs.
fund sources, and proceeds from highway bond issues when authorized by the General
Assembly, comprise the total operating budget of the Commonwealth.