Note 18 Reserved Retained Earnings, Contributed Capital, and Reserved Fund Balances
Reserved Retained Earnings
Bradley International Airport, an enterprise fund, has $46.8
million restricted for debt service requirements and other programs of the
airport. The Connecticut Lottery Corporation, an enterprise fund, has $2.3
million restricted for programs of the Corporation. The Connecticut Housing
Finance Authority, a component unit, has $514.7 million restricted for debt
service requirements and other programs of the Authority. The Connecticut
Resources Recovery Authority, a component unit, has $19.3 million restricted for
specific purposes.
Contributed Capital
The following is a summary of changes in the contributed
capital accounts for the year ended June 30, 2000 (amounts in thousands):
| Primary Government | Component Units | |||
|---|---|---|---|---|
|
Bradley Interntional Airport |
Correction Industries |
Connecticut Resources Recovery Authority |
Connecticut Innovations, Incorporated |
|
| Balance July 1, 1999 | $ 102,541 | $ 5,230 | $ 1,835 | $ 78,356 |
| Contributions-State | - | - | - | 2,086 |
| Contributions-Other | 1,333 | - | 5,127 | |
| Items added back to | ||||
| retained earnings | - | - | (122) | - |
| Returned to the State | - | (4,950) | - | - |
| Balance June 30, 2000 | $ 103,874 | $ 280 | $ 1,713 | $ 85,569 |
The beginning balance for Correction Industries was adjusted to reflect a return of capital that occurred in 1999.
Reserved Fund Balances
These balances are comprised as follows (amounts in thousands):
| Fund Type | |||||
|---|---|---|---|---|---|
| Reserved For |
General |
Special Revenue |
Debt Service |
Trust and Agency |
Higher Education |
| Petty Cash | $ 1,091 | $ - | $ - | $ - | $ - |
| Budget Reserve | 564,038 | - | - | - | - |
| Advances to Other Funds | 4,950 | ||||
| Inventories | 37,672 | 13,784 | - | - | - |
| Continuing Appropriations | 343,471 | 72,700 | - | - | - |
| Debt Service | 13,210 | 1,531 | 524,784 | - | - |
| School Construction Grants | 265,474 | - | - | - | - |
| Loans | - | 320,402 | - | - | - |
| Employees' Pension Benefits | - | - | - | 21,830,998 | - |
| Trust Activities | - | - | - | 434,119 | - |
| Restricted | - | - | - | - | 380,007 |
| Pool Participants | - | - | - | 1,084,580 | - |
| $ 1,229,906 | $ 408,417 | $ 524,784 | $ 23,349,697 | $ 380,007 |
Reserved for continuing appropriations represents amounts of unexpended appropriations legally carried forward and available for encumbrances and expenditures in the succeeding year.
Reserved amounts in Higher Education represent amounts restricted for specific educational programs by federal grants, private gifts and endowments, and amounts reserved for student loans and debt service.