State of Connecticut

Statement of Revenues, Expenditures and
Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2010
(Expressed in Thousands)
Restricted Total
Debt Grants & Other Governmental
General Service Transportation Accounts Funds Funds
Revenues            
Taxes $10,888,051 $ - $705,858 $ - $659 $11,594,568
Assessments - - - - 27,268 27,268
Licenses, Permits and Fees 256,245 - 296,206 11,338 47,746 611,535
Tobacco Settlement - - - - 128,977 128,977
Federal Grants and Aid 4,562,714 - 3,002 2,264,230 96,451 6,926,397
Charges for Services 33,679 - 60,768 - 4,170 98,617
Fines, Forfeits and Rents 59,047 - 23,091 - 4,382 86,520
Casino Gaming Payments 384,248 - - - - 384,248
Investment Earnings 3,987 5,741 831 1,575 15,424 27,558
Interest on Loans - - - - 283 283
Miscellaneous 133,782 - 5,453 454,174 110,736 704,145
Total Revenues 16,321,753 5,741 1,095,209 2,731,317 436,096 20,590,116
Expenditures            
Current:            
Legislative 96,040 - - 2,296 - 98,336
General Government 1,087,026 - 2,080 245,613 102,926 1,437,645
Regulation and Protection 354,507 - 81,640 100,412 198,159 734,718
Conservation and Development 174,224 - - 138,723 191,303 504,250
Health and Hospitals 1,980,057 - - 223,390 11,694 2,215,141
Transportation 2,295 - 626,318 796,620 14,839 1,440,072
Human Services 5,662,013 - - 504,007 9,112 6,175,132
Education, Libraries, and Museums 3,223,942 - - 610,337 545,596 4,379,875
Corrections 1,875,326 - - 24,414 3,726 1,903,466
Judicial 724,498 - - 18,405 19,387 762,290
Capital Projects - - - - 435,288 435,288
Debt Service:            
Principal Retirement 952,740 285,315 - - - 1,238,055
Interest and Fiscal Charges 668,259 147,559 2,043 108,524 9,493 935,878
Total Expenditures 16,800,927 432,874 712,081 2,772,741 1,541,523 22,260,146
Excess (Deficiency) of Revenues Over Expenditures (479,174) (427,133) 383,128 (41,424) (1,105,427) (1,670,030)
Other Financing Sources (Uses)            
Bonds and Notes Issued 915,795 - - - 1,702,115 2,617,910
Premiums on Bonds and Notes Issued 80,587 36,961 - - 71,921 189,469
Transfers In 399,505 439,642 5,801 121,963 90,763 1,057,674
Transfers Out (1,131,560) (6,192) (451,400) (1,559) (532,180) (2,122,891)
Refunding Bonds Issued - 344,105 - - - 344,105
Payment to Refunded Bond Escrow Agent - (379,015) - - - (379,015)
Special Items:            
Transfer from Other State Funds 113,244 - 71,200 - - 184,444
Transfer to General or Transportation Fund (71,200) - - (36,368) (50,777) (158,345)
Capital Lease Obligations - - - - - -
Total Other Financing Sources (Uses) 306,371 435,501 (374,399) 84,036 1,281,842 1,733,351
Net Change in Fund Balances (172,803) 8,368 8,729 42,612 176,415 63,321
Fund Balances (Deficit) - Beginning (799,578) 679,384 154,178 578,340 754,402 1,366,726
Changes in Reserves for Inventories (10,441) - 1,333 - - (9,108)
Fund Balances (Deficit) - Ending $(982,822) $687,752 $164,240 $620,952 $930,817 $1,420,939

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