| Statement of Net Assets | ||||
| June 30, 2008 | ||||
| (Expressed in Thousands) | ||||
| Primary Government | ||||
|---|---|---|---|---|
| Governmental | Business-Type | Component | ||
| Activities | Activities | Total | Units | |
| Assets | ||||
| Current Assets: | ||||
| Cash and Cash Equivalents | $1,602,206 | $628,173 | $2,230,379 | $227,305 |
| Deposits with U.S. Treasury | - | 610,917 | 610,917 | - |
| Investments | 738,830 | 53,361 | 792,191 | 381,095 |
| Receivables, (Net of Allowances) | 2,023,492 | 703,619 | 2,727,111 | 50,527 |
| Due from Primary Government | - | - | - | 12,800 |
| Inventories | 50,020 | 11,860 | 61,880 | 3,710 |
| Restricted Assets | - | 46,631 | 46,631 | 1,805,387 |
| Internal Balances | (222,678) | 222,678 | - | - |
| Other Current Assets | 14,355 | 18,704 | 33,059 | 2,365 |
| Total Current Assets | 4,206,225 | 2,295,943 | 6,502,168 | 2,483,189 |
| Noncurrent Assets: | ||||
| Cash and Cash Equivalents | - | 154,333 | 154,333 | - |
| Due From Component Units | 5,057 | - | 5,057 | - |
| Investments | - | 287,993 | 287,993 | 40,573 |
| Receivables, (Net of Allowances) | 204,537 | 559,743 | 764,280 | 151,609 |
| Restricted Assets | 684,117 | 460,606 | 1,144,723 | 4,073,221 |
| Capital Assets, (Net of Accumulated Depreciation) | 10,045,466 | 3,347,602 | 13,393,068 | 425,087 |
| Other Noncurrent Assets | 71,847 | 46,260 | 118,107 | 9,780 |
| Total Noncurrent Assets | 11,011,024 | 4,856,537 | 15,867,561 | 4,700,270 |
| Total Assets | 15,217,249 | 7,152,480 | 22,369,729 | 7,183,459 |
| Liabilities | ||||
| Current Liabilities: | ||||
| Accounts Payable and Accrued Liabilities | 785,414 | 292,693 | 1,078,107 | 72,351 |
| Due to Component Units | 12,800 | - | 12,800 | - |
| Due to Other Governments | 124,070 | 33 | 124,103 | - |
| Current Portion of Long-Term Obligations | 1,315,880 | 176,196 | 1,492,076 | 193,749 |
| Amount Held for Institutions | - | - | - | 1,139,532 |
| Deferred Revenue | 11,538 | 198,204 | 209,742 | - |
| Medicaid Liability | 507,899 | - | 507,899 | - |
| Liability for Escheated Property | 184,235 | - | 184,235 | - |
| Other Current Liabilities | 135,727 | 73,950 | 209,677 | 39,305 |
| Total Current Liabilities | 3,077,563 | 741,076 | 3,818,639 | 1,444,937 |
| Noncurrent Liabilities: | ||||
| Non-Current Portion of Long-Term Obligations | 19,027,615 | 1,726,924 | 20,754,539 | 3,898,073 |
| Total Noncurrent Liabilities | 19,027,615 | 1,726,924 | 20,754,539 | 3,898,073 |
| Total Liabilities | 22,105,178 | 2,468,000 | 24,573,178 | 5,343,010 |
| Net Assets | ||||
| Invested in Capital Assets, Net of Related Debt | 4,930,749 | 2,578,856 | 7,509,605 | 304,906 |
| Restricted For: | ||||
| Transportation | 137,370 | - | 137,370 | - |
| Debt Service | 647,400 | 66,376 | 713,776 | 17,181 |
| Restricted Purposes | 661,371 | - | 661,371 | - |
| Capital Projects | - | 99,922 | 99,922 | - |
| Unemployment Compensation | - | 740,636 | 740,636 | - |
| Clean Water and Drinking Water Projects | - | 655,557 | 655,557 | - |
| Bond Indenture Requirements | - | 2,508 | 2,508 | 812,680 |
| Loans | - | 6,241 | 6,241 | - |
| Permanent Investments or Endowments: | ||||
| Expendable | 2,446 | - | 2,446 | 109,978 |
| Nonexpendable | 92,015 | 14,846 | 106,861 | 249,762 |
| Other Purposes | 100,775 | 171,760 | 272,535 | 51,151 |
| Unrestricted (Deficit) | (13,460,055) | 347,778 | (13,112,277) | 294,791 |
| Total Net Assets (Deficit) | $(6,887,929) | $4,684,480 | $(2,203,449) | $1,840,449 |
The accompanying notes are an integral part of the financial statements.