June 30,1998
Note 19
RESERVED RETAINED EARNINGS, RESERVED FUND BALANCES, AND CONTRIBUTED CAPITAL
Reserved Retained Earnings
Bradley International Airport, an enterprise fund, has $29.5 million restricted for debt
service requirements and other programs of the airport. The Connecticut Lottery
Corporation, an enterprise fund, has $9 thousand re-stricted for programs of the
Corporation. The Connecticut Housing Finance Authority, a component unit, has $390 million
restricted for debt service requirements and other programs of the Authority. The
Connecticut Resources Recovery Authority, a component unit, has $17.5 million restricted
for specific purposes.
Contributed Capital
The following is a summary of changes in the contributed capital accounts for the year
ended June 30, 1998 (amounts in thousands):
| Primary Government | Component Units | ||
|---|---|---|---|
|
Bradley International Airport |
Connecticut Resources Recovery Authority |
Connecticut Innovations, Incorporated |
|
| Balance July 1, 1997 | $ 101,361 | $ 2,108 | $ 75,451 |
| Contributions | 393 | - | 2,325 |
| Items added back to retained earnings | - | (147) | - |
| Adjustments | - | - | - |
| Balance June 30, 1998 | $ 101,754 | $ 1,961 | $ 77,776 |
Reserved Fund Balances
These balances are comprised as follows (amounts in thousands):
| Fund Type | |||||
|---|---|---|---|---|---|
| Reserved For | General | Special Revenue |
Debt Service |
Trust and Agency |
Higher Education |
| Petty Cash | $ 1,052 | $ - | $ - | $ - | $ - |
| Budget | |||||
| Reserve | 498,604 | - | - | - | - |
| Inventories | 34,291 | 11,730 | - | - | - |
| Continuing | |||||
| Appropriations | 372,339 | 49,885 | - | - | - |
| Debt Service | 232,149 | 41,187 | 498,418 | - | - |
| Loans | - | 405,256 | - | - | - |
| Pension | |||||
| Obligations | - | - | - | 18,337,969 | - |
| Trust Activities | - | - | - | 372,159 | - |
| Restricted | - | - | - | - | 276,751 |
| Pool Participants | - | - | - | 959,164 | - |
| $ 1,138,435 | $ 508,058 | $ 498,418 | $ 19,669,292 | $276,751 | |
Reserved for continuing appropriations represents amounts of unexpended appropriations legally carried forward and available for encumbrances and expenditures in the succeeding year.
Reserved amounts in Higher Education represent amounts restricted for specific educational programs by federal grants, private gifts and endowments, and amounts reserved for student loans and debt service.
Back to General Purpose Financial Statements Table of Contents
Back to Comptroller's Home Page