- Associated Press - Thursday, January 8, 2015

PROVIDENCE, R.I. (AP) - The state of Rhode Island ended the last fiscal year with nearly $6 million less in its general fund compared with the previous year.

The Office of the Auditor General examined the state’s financial statements for the 2014 fiscal year that ended June 30. The fund stood at $395 million, including the rainy day fund of $177 million.

It had a surplus of $95 million before $101 million was transferred to another fund to pay for future capital projects.

Auditor General Dennis Hoyle says general revenues were about $14 million higher than projections and expenditures funded by general revenues were $16 million less than projections.

The Employees’ Retirement System covering state employees and teachers was about 60 percent funded. The State Police plan was about 96 percent funded.

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