| Reconciliation of Governmental Funds Balance Sheet | ||
| to the Statement of Net Assets | ||
| June 30, 2011 | ||
| (Expressed in Thousands) | ||
| Total Fund Balance - Governmental Funds | $1,387,689 | |
| 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 | 3,275,731 | |
| Equipment | 1,790,182 | |
| Infrastructure | 12,655,722 | |
| Other Capital Assets | 4,405,723 | |
| Accumulated Depreciation | (11,232,402) | 10,894,956 |
| 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. | 81,993 | |
| 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. | 635,349 | |
| 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. | (51,052) | |
| 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 | (2,447,084) | |
| Net OPEB Obligation | (4,602,759) | |
| Worker's Compensation | (511,413) | |
| Capital Leases | (42,995) | |
| Compensated Absences | (557,208) | |
| Claims and Judgments | (56,227) | (8,217,686) |
| 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 and Notes Payable | (18,067,730) | |
| Unamortized Premiums | (712,896) | |
| Less: Deferred Loss on Refundings | 186784 | |
| Accrued Interest Payable | (187,117) | (18,780,959) |
| Net Assets of Governmental Activities | $(14,049,710) | |
The accompanying notes are an integral part of the financial statements.