State of Connecticut

Balance Sheet
Governmental Funds
June 30, 2008
(Expressed in Thousands)
Restricted Total
Debt Grants & Other Governmental
General Service Transportation Accounts Funds Funds
Assets            
Cash and Cash Equivalents $295,723 $- $186,728 $602,339 $500,567 $1,585,357
Investments 601,176 - - - 137,654 738,830
Securities Lending Collateral - - - - 14,060 14,060
Receivables:            
Taxes, Net of Allowances 998,853 - 40,264 - - 1,039,117
Accounts, Net of Allowances 185,023 - 10,504 19,188 28,220 242,935
Loans, Net of Allowances - - - - 204,537 204,537
From Other Governments 480,442 - - 235,002 9,573 725,017
Interest - 2,222 241 - - 2,463
Other - - - 6,229 5 6,234
Due from Other Funds 58,362 - 2,222 3,906 103,922 168,412
Advances to Other Funds 4,650 - - - - 4,650
Due from Component Units 5,057 - - - - 5,057
Inventories 25,319 - 20,938 - - 46,257
Restricted Assets - 683,636 - - 481 684,117
Other Assets - - - - 218 218
Total Assets $2,654,605 $685,858 $260,897 $866,664 $999,237 $5,467,261
Liabilities and Fund Balances            
Liabilities            
Accounts Payable and Accrued Liabilities $354,143 $- $36,181 $177,423 $71,857 $639,604
Due to Other Funds 103,724 2,222 - 2,861 217,730 326,537
Due to Component Units - - - 137 12,663 12,800
Due to Other Governments 122,701 - - 1,369 - 124,070
Deferred Revenue 356,946 - 4,340 18,852 35,467 415,605
Medicaid Liability 507,899 - - - - 507,899
Liability For Escheated Property 184,235 - - - - 184,235
Securities Lending Obligation - - - - 14,060 14,060
Other Liabilities 121,667 - - - - 121,667
Total Liabilities 1,751,315 2,222 40,521 200,642 351,777 2,346,477
Fund Balances            
Reserved For:            
Petty Cash 886 - - - - 886
Inventories 25,319 - 20,938 - - 46,257
Loans 9,707 - - - 204,537 214,244
Continuing Appropriations 455,441 - 38,693 - 2,239 496,373
Debt Service - 683,636 - - - 683,636
Restricted Purposes - - - 666,022 94,942 760,964
Surplus Transfer to FY 09 179,420 - - - - 179,420
Budget Reserve Fund 1,381,748 - - - - 1,381,748
Unreserved Reported In:            
General Fund (1,149,231) - - - - (1,149,231)
Transportation Fund - - 160,745 - - 160,745
Special Revenue Funds - - - - 502,679 502,679
Capital Project Funds - - - - (156,937) (156,937)
Total Fund Balances 903,290 683,636 220,376 666,022 647,460 3,120,784
Total Liabilities and Fund Balances $2,654,605 $685,858 $260,897 $866,664 $999,237 $5,467,261

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