Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2010 BASIC FINANCIAL STATEMENTS - Statement of Net Assets Proprietary Funds

State of Connecticut

Statement of Net Assets
Proprietary Funds
June 30, 2011
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut 		State
Universities		 Bradley
International
Airport		 Connecticut 
Lottery
Corporation
Assets        
Current Assets:        
Cash and Cash Equivalents $368,800 $176,958 $30,491 $16,616
Deposits with U.S. Treasury - - - -
Investments 3,151 38,382 - 26,172
Receivables:        
Accounts, Net of Allowances 102,338 171,470 5,923 23,901
Loans, Net of Allowances 1,864 1,567 - -
Interest - - - 4,129
From Other Governments - 2,225 1,526 -
Due from Other Funds 51,015 36,750 - -
Inventories 13,907 - - -
Restricted Assets 53,730 - 15,055 -
Other Current Assets 12,362 3,462 131 2,021
Total Current Assets 607,167 430,814 53,126 72,839
Noncurrent Assets:        
Cash and Cash Equivalents 1,356 116,227 - -
Investments 10,686 26,566 - 134,810
Receivables:        
Accounts, Net of Allowances - - - -
Loans, Net of Allowances 10,481 9,864 - -
Restricted Assets 8,058 - 101,837 -
Capital Assets, Net of Accumulated Depreciation 1,697,556 852,933 305,406 2,531
Other Noncurrent Assets 2,063 2,266 22,317 4,968
Total Noncurrent Assets 1,730,200 1,007,856 429,560 142,309
Total Assets 2,337,367 1,438,670 482,686 215,148
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 145,904 55,094 8,981 10,948
Due to Other Funds 11,502 3,261 3,151 -
Due to Other Governments - - - -
Current Portion of Long-Term Obligations 54,166 20,506 13,290 26,888
Deferred Revenue 36,892 185,058 1,788 802
Other Current Liabilities 26,955 7,413 - 33,479
Total Current Liabilities 275,419 271,332 27,210 72,117
Noncurrent Liabilities:        
Noncurrent Portion of Long-Term Obligations 304,727 316,748 171,035 135,517
Total Noncurrent Liabilities 304,727 316,748 171,035 135,517
Total Liabilities 580,146 588,080 198,245 207,634
Net Assets (Deficit)        
Invested in Capital Assets, Net of Related Debt 1,422,787 686,811 138,105 2,531
Restricted For:        
Debt Service 7,229 - 17,252 -
Unemployment Compensation - - - -
Clean and Drinking Water Projects - - - -
Capital Projects 40,962 - 74,109 -
Nonexpendable Purposes 11,892 560 - -
Bond Indentures - - 2,250 -
Loans 4,500 - - -
Other Purposes 22,023 41,414 - 7,514
Unrestricted (Deficit) 247,828 121,805 52,725 (2,531)
Total Net Assets (Deficit) $1,757,221 $850,590 $284,441 $7,514

 

Business-Type Activities
Enterprise Funds		 Governmental 
Activities
Employment
Security 		Clean
Water 		Other
Funds 		Total Internal
Service
Funds
Assets          
Current Assets:          
Cash and Cash Equivalents $- $2,014 $153,939 $748,818 $8,142
Deposits with U.S. Treasury 337,799 - - 337,799 -
Investments - - - 67,705 -
Receivables:          
Accounts, Net of Allowances 185,777 - 13,513 502,922 151
Loans, Net of Allowances - 253,811 9,801 267,043 -
Interest - 8,419 370 12,918 -
From Other Governments 9,387 - - 13,138 -
Due from Other Funds 2,196 - 177,606 267,567 2,172
Inventories - - - 13,907 3,829
Restricted Assets - - - 68,785 -
Other Current Assets - - 280 18,256 332
Total Current Assets 535,159 264,244 355,509 2,318,858 14,626
Noncurrent Assets:          
Cash and Cash Equivalents - 182,818 40,338 340,739 -
Investments - 21,556 - 193,618 -
Receivables:          
Accounts, Net of Allowances - - - - -
Loans, Net of Allowances - 624,317 61,762 706,424 -
Restricted Assets - 453,596 81,166 644,657 -
Capital Assets, Net of Accumulated Depreciation - - 609,652 3,468,078 29,342
Other Noncurrent Assets - 16,334 2,150 50,098 -
Total Noncurrent Assets - 1,298,621 795,068 5,403,614 29,342
Total Assets 535,159 1,562,865 1,150,577 7,722,472 43,968
Liabilities          
Current Liabilities:          
Accounts Payable and Accrued Liabilities - 9,128 64,939 294,994 24,998
Due to Other Funds 885 - - 18,799 66,931
Due to Other Governments 1,965 - - 1,965 -
Current Portion of Long-Term Obligations - 70,687 8,877 194,414 112
Deferred Revenue - - 3,274 227,814 -
Other Current Liabilities - - 265 68,112 -
Total Current Liabilities 2,850 79,815 77,355 806,098 92,041
Noncurrent Liabilities:          
Noncurrent Portion of Long-Term Obligations 809,876 818,045 167,190 2,723,138 2,979
Total Noncurrent Liabilities 809,876 818,045 167,190 2,723,138 2,979
Total Liabilities 812,726 897,860 244,545 3,529,236 95,020
Net Assets (Deficit)          
Invested in Capital Assets, Net of Related Debt - - 568,401 2,818,635 29,342
Restricted For:          
Debt Service - - 4,508 28,989 -
Unemployment Compensation - - - - -
Clean and Drinking Water Projects - 660,342 99,665 760,007 -
Capital Projects - - - 115,071 -
Nonexpendable Purposes - - 20 12,472 -
Bond Indentures - - - 2,250 -
Loans - - - 4,500 -
Other Purposes - - 158,429 229,380 -
Unrestricted (Deficit) (277,567) 4,663 75,009 221,932 (80,394)
Total Net Assets (Deficit) $(277,567) $665,005 $906,032 $4,193,236 $(51,052)

The accompanying notes are an integral part of the financial statements.

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