TENTATIVE REPORT - SUBJECT TO ACCRUALS AND ADJUSTMENTS | |
STATE OF CONNECTICUT GENERAL FUND | |
BALANCE SHEET | |
JUNE 30, 1998 | Exhibit A |
(In Thousands) | |
ASSETS | |
Cash and Short Term Investments | $ 83,008 |
Federal and Other Grants Receivable | 73,620 |
Investments | 44,250 |
Unrealized Revenue - Exhibit C | 1,162,864 |
Total Assets | $ 1,363,742 |
LIABILITIES, RESERVES, APPROPRIATIONS AND SURPLUS | |
Deferred Federal and Other Grant Revenue | $ 190,273 |
Reserve for Petty Cash | 1,052 |
Appropriations to be Continued - Exhibit D | 867,858 |
Unappropriated Surplus - Exhibit B (Note 1) | 304,559 |
Total Liabilities, Reserves, Appropriations and Surplus | $ 1,363,742 |
Note 1:
Per section 4-30a of the Connecticut General Statutes, $161.7 million of the unappropriated surplus will be transferred to the Budget Reserve Fund to fill the fund to its statutory level of 5% of net General Fund appropriations for the 1999 fiscal year. The remaining $142.9 million will be used for the reduction of bonded indebtedness per Article XXVIII of the State Constitution.
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