| Reconciliation of Governmental Funds Balance Sheet | ||
| to the Statement of Net Assets | ||
| June 30, 2010 | ||
| (Expressed in Thousands) | ||
| Total Fund Balance - Governmental Funds | $1,420,939 | |
| 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 | 3,173,636 | |
| Equipment | 1,535,777 | |
| Infrastructure | 12,555,781 | |
| Other Capital Assets | 3,752,851 | |
| Accumulated Depreciation | (10,484,842) | 10,533,203 |
| 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. | 82,097 | |
| 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. | 551,947 | |
| 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. | (24,691) | |
| Long-term liabilities are not due and payable in the current period and therefore | ||
| are not reported in the funds (Note 17). | ||
| Net Pension Obligation | (2,262,220) | |
| Net OPEB Obligation | (4,440,703) | |
| Worker's Compensation | (460,596) | |
| Capital Leases | (41,702) | |
| Compensated Absences | (520,284) | |
| Claims and Judgments | (60,289) | (7,785,794) |
| 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 17). | ||
| Bonds Payable | (17,767,148) | |
| Unamortized Premiums | (720,536) | |
| Less: Deferred Loss on Refundings | 193,958 | |
| Accrued Interest Payable | (157,020) | (18,450,746) |
| Net Assets of Governmental Activities | $(13,673,045) | |
The accompanying notes are an integral part of the financial statements.