State of Connecticut

Statement of Activities
For the Fiscal Year Ended June 30, 2008
(Expressed in Thousands) Program Revenues Net (Expense)Revenue
and Changes in
Net Assets
Primary Government
Functions/Programs Expenses Charges
for
Service, Fees,
Fines, and
Other
Operating
Grants and
Contrib-
utions
Capital
Grants
and
Contrib-
utions
Govern-
mental
Activities
Business-
Type
Activities
Total Component
Units
Primary Government                
Governmental Activities:                
Legislative $111,910 $2,942 $23 $- $(108,945) $- $(108,945) $-
General Government 1,737,917 382,296 6,288 - (1,349,333) - (1,349,333) -
Regulation and Protection 788,419 532,116 144,172 - (112,131) - (112,131) -
Conservation and Development 473,797 128,284 64,475 - (281,038) - (281,038) -
Health and Hospitals 2,298,272 75,240 172,210 - (2,050,822) - (2,050,822) -
Transportation 1,482,250 82,824 - 442,310 (957,116) - (957,116) -
Human Services 5,743,810 83,561 3,308,219 - (2,352,030) - (2,352,030) -
Education, Libraries, and Museums 4,749,284 47,071 448,135 - (4,254,078) - (4,254,078) -
Corrections 2,085,053 9,049 121,117 - (1,954,887) - (1,954,887) -
Judicial 806,309 104,190 6,865 - (695,254) - (695,254) -
Interest and Fiscal Charges 733,791 - - - (733,791) - (733,791) -
Total Governmental Activities 21,010,812 1,447,573 4,271,504 442,310 (14,849,425) - (14,849,425) -
Business-Type Activities:                
University of Connecticut & Health Center 1,626,532 853,586 179,199 6,803 - (586,944) (586,944) -
State Universities 610,851 304,363 49,324 25,364 - (231,800) (231,800) -
Bradley International Airport 67,635 57,801 - 3,755 - (6,079) (6,079) -
Connecticut Lottery Corporation 731,851 998,361 - - - 266,510 266,510 -
Employment Security 631,935 573,524 14,874 - - (43,537) (43,537) -
Clean Water 27,181 16,398 10,737 - - (46) (46) -
Other 476,040 195,901 68,802 - - (211,337) (211,337) -
Total Business-Type Activities 4,172,025 2,999,934 322,936 35,922 - (813,233) (813,233) -
Total Primary Government $25,182,837 $4,447,507 $4,594,440 $478,232 (14,849,425) (813,233) (15,662,658) -
Component Units                
Connecticut Housing Finance Authority (12-31-07) $203,835 $183,901 $- $- - - - (19,934)
Connecticut Health and Educational Facilities Authority 5,199 6,019 - - - - - 820
Other 276,696 221,288 7,900 7,780 - - - (39,728)
Total Component Units $485,730 $411,208 $7,900 $7,780 - - - (58,842)

 

Net (Expense) Revenue and Changes in Net Assets
Primary Government
Govern-
mental
Activities
Business-
Type
Activities
Total Component
Units
General Revenues:        
Taxes:        
Personal Income 6,588,233 - 6,588,233 -
Corporate Income 548,539 - 548,539 -
Sales and Use 3,537,911 - 3,537,911 -
Other 1,544,801 - 1,544,801 -
Restricted for Transportation Purposes:        
Motor Fuel 487,568 - 487,568 -
Other 192,663 - 192,663 -
Casino Gaming Payments 411,411 - 411,411 -
Tobacco Settlement 141,348 - 141,348 -
Unrestricted Investment Earnings 131,915 117,360 249,275 73,603
Contributions to Endowments - - - 38,162
Transfers-Internal Activities (779,256) 779,256 - -
Total General Revenues, Contributions,        
and Transfers 12,805,133 896,616 13,701,749 111,765
Change in Net Assets (2,044,292) 83,383 (1,960,909) 52,923
Net Assets (Deficit)- Beginning (4,843,637) 4,601,097 (242,540) 1,787,526
Net Assets (Deficit)- Ending $(6,887,929) $4,684,480 $(2,203,449) $1,840,449

The accompanying notes are an integral part of the financial statements.