| Reconciliation of Governmental Funds Balance Sheet | |||
| to the Statement of Net Assets | |||
| June 30, 2002 | |||
| (Expressed in Thousands) | |||
| Total Fund Balance - Governmental Funds | $ 1,457,546 | ||
| Net assets reported for governmental activities in the Statement of Net Assets | |||
| are different because: | |||
| Capital assets used in governmental activities are not financial resources | |||
| and therefore are not reported in the funds. These assets consist of: | |||
| Buildings | 2,356,943 | ||
| Equipment | 1,165,633 | ||
| Infrastructure | 10,444,768 | ||
| Other Capital Assets | 1,013,645 | ||
| Accumulated Depreciation | (5,919,622) | 9,061,367 | |
| Debt issue costs are recorded as expenditures in the funds. However, | |||
| these costs are deferred (reported as other assets) and amortized over the | |||
| life of the bonds in the Statement of Net Assets. | 14,351 | ||
| Some of the state's revenues will be collected after year-end but are not | |||
| available soon enough to pay for the current period's expenditures | |||
| and therefore are deferred in the funds. | 455,592 | ||
| Internal service funds are used by management to charge the costs of | |||
| certain activities to individual funds. The assets and liabilities of the internal | |||
| service funds are included in governmental activities in the Statement of | |||
| Net Assets. | 32,729 | ||
| Long-term liabilities are not due and payable in the current period and therefore | |||
| are not reported in the funds (Note 15). | |||
| Net Pension Obligation | (3,117,349) | ||
| Worker's Compensation | (245,183) | ||
| Capital Leases | (76,896) | ||
| Compensated Absences | (335,562) | ||
| Claims and Judgments | (7,725) | (3,782,715) | |
| Long-term bonded debt is not due and payable in the current period and | |||
| therefore is not reported in the funds. Unamortized premiums, loss on | |||
| refundings, and interest payable are not reported in the funds. However, | |||
| these amounts are included in the Statement of Net Assets. This is the net | |||
| effect of these balances on the statement (Note 15). | |||
| Bonds Payable | (11,702,339) | ||
| Unamortized Premiums | (123,890) | ||
| Less: Deferred Loss on Refundings | 60,793 | ||
| Accrued Interest Payable | (90,393) | (11,855,829) | |
| Net Assets of Governmental Activities | $ (4,616,959) | ||
| The accompanying notes are an integral part of the financial statements. | |||