State of Connecticut

Statement of Net Assets
June 30, 2009
(Expressed in Thousands)
Primary Government
Governmental Business-Type Component
Activities Activities Total Units
Current Assets:        
Cash and Cash Equivalents $641,367 $647,787 $1,289,154 $199,372
Deposits with U.S. Treasury - 243,629 243,629 -
Investments 482,427 50,011 532,438 287,104
Receivables, (Net of Allowances) 2,177,947 806,863 2,984,810 42,456
Due from Primary Government - - - 13,108
Inventories 54,952 11,954 66,906 3,694
Restricted Assets - 141,565 141,565 1,248,737
Internal Balances (102,089) 102,089 - -
Other Current Assets 17,536 14,536 32,072 2,900
Total Current Assets 3,272,140 2,018,434 5,290,574 1,797,371
Noncurrent Assets:        
Cash and Cash Equivalents - 268,896 268,896 -
Due From Component Units 9,793 - 9,793 -
Investments - 240,203 240,203 39,632
Receivables, (Net of Allowances) 235,818 608,024 843,842 166,081
Restricted Assets 679,779 684,507 1,364,286 4,329,972
Capital Assets, (Net of Accumulated Depreciation) 11,075,553 3,351,555 14,427,108 442,591
Other Noncurrent Assets 75,669 41,334 117,003 8,789
Total Noncurrent Assets 12,076,612 5,194,519 17,271,131 4,987,065
Total Assets 15,348,752 7,212,953 22,561,705 6,784,436
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 691,971 289,174 981,145 72,770
Notes Payable 353,085 - 353,085 -
Due to Component Units 13,108 - 13,108 -
Due to Other Governments 150,651 284 150,935 -
Current Portion of Long-Term Obligations 954,162 182,597 1,136,759 166,235
Amount Held for Institutions - - - 446,227
Deferred Revenue 81,422 204,553 285,975 -
Medicaid Liability 584,992 - 584,992 -
Liability for Escheated Property 339,429 - 339,429 -
Other Current Liabilities 176,956 56,027 232,983 30,005
Total Current Liabilities 3,345,776 732,635 4,078,411 715,237
Noncurrent Liabilities:        
Non-Current Portion of Long-Term Obligations 21,572,165 1,976,366 23,548,531 4,264,368
Total Noncurrent Liabilities 21,572,165 1,976,366 23,548,531 4,264,368
Total Liabilities 24,917,941 2,709,001 27,626,942 4,979,605
Net Assets        
Invested in Capital Assets, Net of Related Debt 5,499,602 2,611,952 8,111,554 299,724
Restricted For:        
Transportation 68,439 - 68,439 -
Debt Service 642,100 42,380 684,480 17,504
Federal Grants and Other Accounts 576,383 - 576,383 -
Capital Projects 179,927 195,822 375,749 18,843
Unemployment Compensation - 362,403 362,403 -
Clean Water and Drinking Water Projects - 696,365 696,365 -
Bond Indenture Requirements - 2,349 2,349 885,718
Loans - 6,159 6,159 -
Permanent Investments or Endowments:        
Expendable 2,348 - 2,348 72,984
Nonexpendable 85,834 12,802 98,636 247,353
Other Purposes 62,696 152,169 214,865 39,904
Unrestricted (Deficit) (16,686,518) 421,551 (16,264,967) 222,801
Total Net Assets (Deficit) $(9,569,189) $4,503,952 $(5,065,237) $1,804,831

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