| Reconciliation of Governmental Funds Balance Sheet | |||
|---|---|---|---|
| to the Statement of Net Position | |||
| June 30, 2013 | |||
| (Expressed in Thousands) | |||
| Total Fund Balance - Governmental Funds | $1,997,774 | ||
| Net assets reported for governmental activities in the Statement of Net Position | |||
| 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 | 3,615,871 | ||
| Equipment | 2,184,276 | ||
| Infrastructure | 13,653,034 | ||
| Other Capital Assets | 5,155,894 | ||
| Accumulated Depreciation | (12,662,250) | 11,946,825 | |
| 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 Position. | 82,783 | ||
| 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. | 474,527 | ||
| 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 Position. | 47,269 | ||
| 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 | (253,254) | ||
| Net OPEB Obligation | (6,682,308) | ||
| Worker's Compensation | (587,652) | ||
| Capital Leases | (38,218) | ||
| Compensated Absences | (513,709) | ||
| Claims and Judgments | (43,522) | (10,398,663) | |
| 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 Position. This is the net | |||
| effect of these balances on the statement (Note 17). | |||
| Bonds and Notes Payable | (18,263,468) | ||
| Unamortized Premiums | (996,394) | ||
| Less: Deferred Loss on Refundings | (180,876) | ||
| Accrued Interest Payable | (163,505) | (19,242,491) | |
| Net Position of Governmental Activities | $(15,091,976) | ||
The accompanying notes are an integral part of the financial statements.