| Reconciliation of Governmental Funds Balance Sheet | ||||
|---|---|---|---|---|
| to the Statement of Net Position | ||||
| June 30, 2014 | ||||
| (Expressed in Thousands) | ||||
| Total Fund Balance - Governmental Funds | $2,097,123 | |||
| 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 | 4,005,719 | |||
| Equipment | 2,411,928 | |||
| Infrastructure | 13,824,648 | |||
| Other Capital Assets | 5,594,096 | |||
| Accumulated Depreciation | (13,347,668) | 12,488,723 | ||
| 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 inflows of resources in the governmental funds. | 485,358 | |||
| 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. | 50,686 | |||
| Deferred outflows of resources for the amount on refunding of bonded debt are | ||||
| not reported in the governmental funds. | 90,523 | |||
| 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 | (2,681,248) | |||
| Net OPEB Obligation | (7,763,060) | |||
| Worker's Compensation | (619,578) | |||
| Capital Leases | (37,820) | |||
| Compensated Absences | (511,766) | |||
| Claims and Judgments | (46,151) | |||
| Landfill Postclosure Care | (35,751) | (11,695,374) | ||
| 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 | (19,633,614) | |||
| Unamortized Premiums | (1,195,127) | |||
| Accrued Interest Payable | (180,730) | (21,009,471) | ||
| Net Position of Governmental Activities | $(17,492,432) | |||
The accompanying notes are an integral part of the financial statements.