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| Net Assets by Component | |||||||
| Last Seven Fiscal Years | |||||||
| (Expressed in Thousands) | |||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |
|---|---|---|---|---|---|---|---|
| No records returned. | |||||||
| <%=FP_FieldVal(fp_rs,"label")%> | <%=FP_FieldVal(fp_rs,"2002")%> | <%=FP_FieldVal(fp_rs,"2003")%> | <%=FP_FieldVal(fp_rs,"2004")%> | <%=FP_FieldVal(fp_rs,"2005")%> | <%=FP_FieldVal(fp_rs,"2006")%> | <%=FP_FieldVal(fp_rs,"2007")%> | <%=FP_FieldVal(fp_rs,"2008")%> |
Notes: The State did not begin reporting government-wide statements until it
implement GASB Statement 34 in fiscal year 2002.
The governmental activities have a deficit in unrestricted net asset mainly
because the State recognized in the Statement of
Net Assets the following long-term obligations:
1. General obligation bonds which were issued to finance various grant
programs of the State, such as school construction and municipal aid.
2. Other long-term obligations which the State has partially funded or not
funded. For example, net pension obligation, compensated absences obligation, etc.