State of Connecticut

Statement of Revenues, Expenditures and
Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2008
(Expressed in Thousands)
Restricted Total
Debt Grants & Other Governmental
General Service Transportation Accounts Funds Funds
Revenues            
Taxes $12,296,461 $- $680,590 $10,000 $27,835 $13,014,886
Assessments - - - - 21,457 21,457
Licenses, Permits and Fees 171,940 - 307,816 8,935 61,334 550,025
Tobacco Settlement - - - - 141,347 141,347
Federal Grants and Aid 3,045,810 - - 1,601,890 70,156 4,717,856
Charges for Services 30,012 - 64,184 - 5,947 100,143
Fines, Forfeits and Rents 40,942 - 30,082 50 2,370 73,444
Casino Gaming Payments 411,410 - - - - 411,410
Investment Earnings 63,867 34,670 11,485 5,429 17,039 132,490
Miscellaneous 141,296 - 8,201 464,402 79,383 693,282
Total Revenues 16,201,738 34,670 1,102,358 2,090,706 426,868 19,856,340
Expenditures            
Current:            
Legislative 101,455 - - 2,705 - 104,160
General Government 1,144,111 - 2,333 277,166 202,414 1,626,024
Regulation and Protection 378,024 - 88,895 84,987 183,969 735,875
Conservation and Development 149,621 - - 98,838 194,060 442,519
Health and Hospitals 1,944,217 - - 200,488 9,543 2,154,248
Transportation - - 632,267 554,782 3,601 1,190,650
Human Services 4,979,489 - - 392,456 18,434 5,390,379
Education, Libraries, and Museums 5,123,150 - - 460,517 723,403 6,307,070
Corrections 1,918,709 - - 24,738 5,895 1,949,342
Judicial 721,643 - - 15,091 17,489 754,223
Capital Projects - - - - 341,148 341,148
Debt Service:            
Principal Retirement 877,160 275,789 604 - - 1,153,553
Interest and Fiscal Charges 610,316 144,954 3,581 44,161 7,285 810,297
Total Expenditures 17,947,895 420,743 727,680 2,155,929 1,707,241 22,959,488
Excess (Deficiency) of Revenues Over Expenditures (1,746,157) (386,073) 374,678 (65,223) (1,280,373) (3,103,148)
Other Financing Sources (Uses)            
Bonds Issued 2,127,310 - - 176,313 1,385,000 3,688,623
Premiums on Bonds Issued 333 11,557 - - 57,889 69,779
Transfers In 405,351 417,172 41,941 204,340 142,640 1,211,444
Transfers Out (1,207,015) (25,439) (447,472) (3,053) (310,510) (1,993,489)
Refunding Bonds Issued - 231,085 - - - 231,085
Payment to Refunded Bond Escrow Agent - (241,560) - - - (241,560)
Capital Lease Obligations 437 - - - - 437
Total Other Financing Sources (Uses) 1,326,416 392,815 (405,531) 377,600 1,275,019 2,966,319
Net Change in Fund Balances (419,741) 6,742 (30,853) 312,377 (5,354) (136,829)
Fund Balances - Beginning (as restated) 1,331,768 676,894 248,169 353,645 652,814 3,263,290
Changes in Reserves for Inventories (8,737) - 3,060 - - (5,677)
Fund Balances - Ending $903,290 $683,636 $220,376 $666,022 $647,460 $3,120,784

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