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State of Connecticut

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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.
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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.