State of Connecticut


Statement of Net Assets
June 30, 2010
(Expressed in Thousands)
Primary Government
Governmental Business-Type Component
Activities Activities Total Units
Assets        
Current Assets:        
Cash and Cash Equivalents $631,340 $750,398 $1,381,738 $160,413
Deposits with U.S. Treasury - 204,190 204,190 -
Investments 790,103 49,553 839,656 314,731
Receivables, (Net of Allowances) 2,274,050 820,558 3,094,608 49,199
Due from Primary Government - - - 13,019
Inventories 46,051 12,918 58,969 3,970
Restricted Assets - 159,338 159,338 1,584,803
Internal Balances (267,814) 267,814 - -
Other Current Assets 24,303 16,187 40,490 4,622
Total Current Assets 3,498,033 2,280,956 5,778,989 2,130,757
Noncurrent Assets:        
Cash and Cash Equivalents - 346,352 346,352 -
Due From Component Units 14,967 - 14,967 -
Investments - 212,043 212,043 39,232
Receivables, (Net of Allowances) 253,757 620,007 873,764 174,467
Restricted Assets 691,201 542,449 1,233,650 4,339,732
Capital Assets, (Net of Accumulated Depreciation) 10,569,852 3,381,524 13,951,376 428,653
Other Noncurrent Assets 109,914 50,020 159,934 13,036
Total Noncurrent Assets 11,639,691 5,152,395 16,792,086 4,995,120
Total Assets 15,137,724 7,433,351 22,571,075 7,125,877
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 811,819 291,798 1,103,617 64,377
Notes Payable 353,085 - 353,085 -
Due to Component Units 13,019 - 13,019 -
Due to Other Governments 125,961 918 126,879 -
Current Portion of Long-Term Obligations 1,716,298 203,846 1,920,144 188,879
Amount Held for Institutions - - - 451,766
Deferred Revenue 14,700 225,504 240,204 -
Medicaid Liability 573,031 - 573,031 -
Liability for Escheated Property 532,762 - 532,762 -
Other Current Liabilities 275,870 70,386 346,256 28,274
Total Current Liabilities 4,416,545 792,452 5,208,997 733,296
Noncurrent Liabilities:        
Non-Current Portion of Long-Term Obligations 24,394,224 2,356,256 26,750,480 4,594,213
Total Noncurrent Liabilities 24,394,224 2,356,256 26,750,480 4,594,213
Total Liabilities 28,810,769 3,148,708 31,959,477 5,327,509
Net Assets        
Invested in Capital Assets, Net of Related Debt 4,910,178 2,671,350 7,581,528 286,142
Restricted For:        
Transportation 82,539 - 82,539 -
Debt Service 643,418 38,488 681,906 5,559
Federal Grants and Other Accounts 632,284 - 632,284 -
Capital Projects 227,823 211,913 439,736 -
Unemployment Compensation - - - -
Clean Water and Drinking Water Projects - 729,588 729,588 -
Bond Indenture Requirements - 2,120 2,120 877,749
Loans - 5,808 5,808 -
Permanent Investments or Endowments:        
Expendable 2,190 - 2,190 79,812
Nonexpendable 93,193 12,017 105,210 258,498
Other Purposes 96,333 263,166 359,499 58,200
Unrestricted (Deficit) (20,361,003) 350,193 (20,010,810) 232,408
Total Net Assets (Deficit) $(13,673,045) $4,284,643 $(9,388,402) $1,798,368

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