| Statement of Net Assets | ||||
| June 30, 2003 | ||||
| (Expressed in Thousands) | ||||
| Primary Government | ||||
|---|---|---|---|---|
| Governmental | Business-Type | Component | ||
| Activities | Activities | Total | Units | |
| Assets | ||||
| Assets | ||||
| Current Assets: | ||||
| Cash and Cash Equivalents | $245,597 | $418,475 | $664,072 | $161,495 |
| Deposits with U.S. Treasury | - | 501,213 | 501,213 | - |
| Investments | 108,070 | 251,471 | 359,541 | 85,191 |
| Receivables, (Net of Allowances) | 1,722,305 | 493,451 | 2,215,756 | 50,589 |
| Due from Component Units | 195 | 163,602 | 163,797 | - |
| Due from Primary Government | - | - | - | 20,636 |
| Inventories | 60,278 | 11,315 | 71,593 | 3,607 |
| Restricted Assets | - | 9,799 | 9,799 | 1,149,670 |
| Internal Balances | (109,943) | 109,943 | - | - |
| Other Current Assets | 10,236 | 9,778 | 20,014 | 5,633 |
| Total Current Assets | 2,036,738 | 1,969,047 | 4,005,785 | 1,476,821 |
| Noncurrent Assets: | ||||
| Cash and Cash Equivalents | - | 120,772 | 120,772 | 260 |
| Due From Component Units | 1,805 | - | 1,805 | - |
| Investments | - | 421,279 | 421,279 | 11,773 |
| Loans, (Net of Allowances) | 427,351 | 542,464 | 969,815 | 164,010 |
| Restricted Assets | 622,082 | 643,839 | 1,265,921 | 3,572,747 |
| Capital Assets, (Net of Accumulated Depreciation) | 9,531,937 | 2,627,566 | 12,159,503 | 235,935 |
| Other Noncurrent Assets | 26,331 | 69,958 | 96,289 | 16,118 |
| Total Noncurrent Assets | 10,609,506 | 4,425,878 | 15,035,384 | 4,000,843 |
| Total Assets | 12,646,244 | 6,394,925 | 19,041,169 | 5,477,664 |
| Liabilities | ||||
| Current Liabilities: | ||||
| Accounts Payable and Accrued Liabilities | 452,164 | 203,669 | 655,833 | 54,440 |
| Due to Component Units | 20,636 | - | 20,636 | - |
| Due to Primary Government | - | - | - | 163,797 |
| Due to Other Governments | 99,406 | - | 99,406 | - |
| Escrow Deposits | - | - | - | 18,122 |
| Current Portion of Long-Term Obligations | 1,051,039 | 170,078 | 1,221,117 | 141,766 |
| Amount Held for Institutions | - | - | - | 299,513 |
| Deferred Revenue | 35,787 | 100,243 | 136,030 | 380 |
| Medicaid Liability | 443,898 | - | 443,898 | - |
| Liability for Escheated Property | 68,073 | - | 68,073 | - |
| Other Current Liabilities | 173,780 | 81,445 | 255,225 | 14,558 |
| Total Current Liabilities | 2,344,783 | 555,435 | 2,800,812 | 692,576 |
| Noncurrent Liabilities: | ||||
| Non-Current Portion of Long-Term Obligations | 15,648,445 | 1,964,418 | 17,612,863 | 3,673,077 |
| Total Noncurrent Liabilities | 15,648,445 | 1,964,418 | 17,612,863 | 3,673,077 |
| Total Liabilities | 17,993,228 | 2,519,853 | 20,413,675 | 4,365,653 |
| Net Assets | ||||
| Invested in Capital Assets, Net of Related Debt | 2,622,372 | 2,092,633 | 4,715,005 | 43,632 |
| Restricted For: | ||||
| Transportation | 101,219 | - | 101,219 | - |
| Debt Service | 587,518 | 86,308 | 673,826 | 19,506 |
| Capital Projects | 119,259 | 79,093 | 198,352 | - |
| Unemployment Compensation | - | 646,399 | 646,399 | - |
| Clean Water Projects | - | 435,001 | 435,001 | - |
| Bond Indenture Requirements | - | 23,970 | 23,970 | 676,290 |
| Other Purposes | 331,805 | 135,170 | 466,975 | 56,511 |
| Funds Held as Permanent Investments: | ||||
| Expendable | 5,329 | - | 5,329 | - |
| Nonexpendable | 88,862 | 244,104 | 332,966 | - |
| Unrestricted (Deficit) | (9,203,348) | 132,394 | (9,070,954) | 316,072 |
| Total Net Assets (Deficit) | $(5,346,984) | $3,875,072 | $(1,471,912) | $1,112,011 |
The accompanying notes are an integral part of the financial statements.