a) The following is a summary of changes in long-term debt of the primary government for the year ended June 30, 2004, (amounts in thousands):
| Balance | Balance | Amounts due | |||
|---|---|---|---|---|---|
| Governmental Activities | July 1, 2003 | Additions | Reductions | June 30, 2004 | within one year |
| Bonds: | |||||
| General Obligation | $ 9,216,354 | $ 2,720,294 | $ 2,330,037 | $ 9,606,611 | $ 743,236 |
| Transportation | 3,205,815 | 539,534 | 591,400 | 3,153,949 | 240,065 |
| 12,422,169 | 3,259,828 | 2,921,437 | 12,760,560 | 983,301 | |
| Plus/(Less) premiums and | |||||
| deferred amounts | 105,119 | 104,044 | 27,796 | 181,367 | - |
| Total Bonds | 12,527,288 | 3,363,872 | 2,949,233 | 12,941,927 | 983,301 |
| Economic Recovery Notes | 219,235 | 97,700 | 43,720 | 273,215 | 240,065 |
| Other Liabilities: | |||||
| Net Pension Obligation | 3,256,597 | 851,036 | 667,279 | 3,440,354 | - |
| Compensated Absences | 347,933 | 28,447 | 5,464 | 370,916 | 14,682 |
| Workers' Compensation | 265,645 | 86,184 | 75,148 | 276,681 | 74,926 |
| Capital Leases | 67,988 | - | 14,227 | 53,761 | 9,768 |
| Claims and Judgements | 7,612 | 8,818 | 3,247 | 13,183 | 5,962 |
| Contracts Payable and Other | 7,186 | 4,335 | 5,960 | 5,561 | - |
| Total Other Liabilities | 3,952,961 | 978,820 | 771,325 | 4,160,456 | 105,338 |
| Governmental Activities Long-Term | |||||
| Liabilites | $ 16,699,484 | $ 4,440,392 | $ 3,764,278 | $ 17,375,598 | $ 1,328,704 |
| In prior years, the General and Transportation funds have been used to liquidate other liabilities. | |||||
| Business-Type Activities | |||||
| Revenue Bonds | $ 1,547,526 | $ 610,904 | $ 444,625 | $ 1,713,805 | $ 76,321 |
| Plus/(Less) premiums, discounts and | |||||
| deferred amounts | 5,717 | 30,663 | 31 | 36,349 | - |
| Total Revenue Bonds | 1,553,243 | 641,567 | 444,656 | 1,750,154 | 76,321 |
| Lottery Prizes | 435,185 | - | 49,956 | 385,229 | 50,661 |
| Compensated Absences | 87,456 | 18,515 | 1,742 | 104,229 | 25,246 |
| Other | 48,565 | 55,798 | 7,259 | 97,104 | 18,884 |
| Total Other Liabilities | 571,206 | 74,313 | 58,957 | 586,562 | 94,791 |
| Business-Type Long-Term Liabilities | $ 2,124,449 | $ 715,880 | $ 503,613 | $ 2,336,716 | $ 171,112 |
b) As of June 30, 2004, long-term debt of component units consisted of the following (amounts in thousands):
| Long-Term | Balance | Amounts due |
|---|---|---|
| Debt | June 30, 2004 | within year |
| Bonds Payable | $ 3,567,717 | $ 146,263 |
| Escrow Deposits | 115,071 | 19,325 |
| Closure of Landfills | 27,149 | 1,433 |
| State Loan | 12,090 | 1,484 |
| Deferred Revenue | 6,524 | 834 |
| Other | 5,926 | 30 |
| Total | $ 3,734,477 | $ 169,369 |