| Reconciliation of Governmental Funds Balance Sheet | |||
|---|---|---|---|
| to the Statement of Net Assets | |||
| June 30, 2012 | |||
| (Expressed in Thousands) | |||
| Total Fund Balance - Governmental Funds | $1,690,889 | ||
| Net assets reported for governmental activities | |||
| 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 | 3,303,418 | ||
| Equipment | 1,983,310 | ||
| Infrastructure | 13,023,800 | ||
| Other Capital Assets | 4,704,036 | ||
| Accumulated Depreciation | (12,079,317) | 10,935,247 | |
| 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. | 84,179 | ||
| 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. | 536,878 | ||
| 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. | 40,010 | ||
| 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 | (2,496,190) | ||
| Net OPEB Obligation | (5,755,731) | ||
| Worker's Compensation | (559,546) | ||
| Capital Leases | (42,759) | ||
| Compensated Absences | (540,069) | ||
| Claims and Judgments | (44,942) | (9,439,237) | |
| 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 | (17,999,851) | ||
| Unamortized Premiums | (905,503) | ||
| Less: Deferred Loss on Refundings | (196,629) | ||
| Accrued Interest Payable | (170,105) | (18,878,830) | |
| Net Assets of Governmental Activities | $(15,030,864) | ||
The accompanying notes are an integral part of the financial statements.