Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2010 BASIC FINANCIAL STATEMENTS - Statement of Net Assets Proprietary Funds

State of Connecticut

Statement of Net Assets
Proprietary Funds
June 30, 2010
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut 		State
Universities		 Bradley
International
Airport		 Connecticut 
Lottery
Corporation
Assets        
Current Assets:        
Cash and Cash Equivalents $358,203 $170,121 $48,134 $18,270
Deposits with U.S. Treasury - - - -
Investments 5,602 13,705 - 30,246
Receivables:        
Accounts, Net of Allowances 99,776 166,529 5,366 22,564
Loans, Net of Allowances 2,269 1,520 - -
Interest - - - 5,173
From Other Governments - 2,479 1,598 -
Due from Other Funds 54,837 35,303 - -
Inventories 12,918 - - -
Restricted Assets 146,323 - 13,015 -
Other Current Assets 9,924 3,156 151 2,657
Total Current Assets 689,852 392,813 68,264 78,910
Noncurrent Assets:        
Cash and Cash Equivalents 1,473 105,352 - -
Investments 9,799 25,760 - 149,323
Receivables:        
Accounts, Net of Allowances - - - -
Loans, Net of Allowances 9,986 9,698 - -
Restricted Assets 11,257 - 93,289 -
Capital Assets, Net of Accumulated Depreciation 1,674,642 846,946 309,025 2,667
Other Noncurrent Assets 2,064 1,910 21,467 4,942
Total Noncurrent Assets 1,709,221 989,666 423,781 156,932
Total Assets 2,399,073 1,382,479 492,045 235,842
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 137,850 52,819 10,386 19,832
Due to Other Funds 15,625 3,218 1,666 -
Due to Other Governments - - - -
Current Portion of Long-Term Obligations 65,826 20,492 10,630 31,190
Deferred Revenue 36,788 183,247 1,585 592
Other Current Liabilities 23,435 19,863 - 26,857
Total Current Liabilities 279,524 279,639 24,267 78,471
Noncurrent Liabilities:        
Noncurrent Portion of Long-Term Obligations 306,539 307,729 195,045 149,954
Total Noncurrent Liabilities 306,539 307,729 195,045 149,954
Total Liabilities 586,063 587,368 219,312 228,425
Net Assets (Deficit)        
Invested in Capital Assets, Net of Related Debt 1,374,973 664,709 123,764 2,667
Restricted For:        
Debt Service 7,982 - 25,998 -
Unemployment Compensation - - - -
Clean and Drinking Water Projects - - - -
Capital Projects 141,487 - 70,426 -
Nonexpendable Purposes 11,122 875 - -
Bond Indentures - - 2,120 -
Loans 5,808 - - -
Other Purposes 20,169 28,597 - 7,417
Unrestricted (Deficit) 251,469 100,930 50,425 (2,667)
Total Net Assets (Deficit) $1,813,010 $795,111 $272,733 $7,417

 

Business-Type Activities
Enterprise Funds		 Governmental 
Activities
Employment
Security 		Clean
Water 		Other
Funds 		Total Internal
Service
Funds
Assets          
Current Assets:          
Cash and Cash Equivalents $ - $4,421 $151,249 $750,398 $8,291
Deposits with U.S. Treasury 204,190 - - 204,190 -
Investments - - - 49,553 -
Receivables:          
Accounts, Net of Allowances 169,070 - 13,622 476,927 244
Loans, Net of Allowances - 291,256 8,021 303,066 -
Interest - 11,757 470 17,400 -
From Other Governments 9,646 9,001 441 23,165 -
Due from Other Funds 1,533 - 223,441 315,114 357
Inventories - - - 12,918 3,946
Restricted Assets - - - 159,338 -
Other Current Assets - - 299 16,187 1,919
Total Current Assets 384,439 316,435 397,543 2,328,256 14,757
Noncurrent Assets:          
Cash and Cash Equivalents - 196,612 42,915 346,352 -
Investments - 26,928 233 212,043 -
Receivables:          
Accounts, Net of Allowances - - - - -
Loans, Net of Allowances - 538,410 61,913 620,007 -
Restricted Assets - 373,763 64,140 542,449 -
Capital Assets, Net of Accumulated Depreciation - - 548,244 3,381,524 36,649
Other Noncurrent Assets - 17,590 2,047 50,020 -
Total Noncurrent Assets - 1,153,303 719,492 5,152,395 36,649
Total Assets 384,439 1,469,738 1,117,035 7,480,651 51,406
Liabilities          
Current Liabilities:          
Accounts Payable and Accrued Liabilities 25 9,363 61,523 291,798 5,852
Due to Other Funds 26,791 - - 47,300 66,931
Due to Other Governments 918 - - 918 -
Current Portion of Long-Term Obligations - 67,310 8,398 203,846 118
Deferred Revenue - - 3,292 225,504 129
Other Current Liabilities - - 231 70,386 -
Total Current Liabilities 27,734 76,673 73,444 839,752 73,030
Noncurrent Liabilities:          
Noncurrent Portion of Long-Term Obligations 498,453 739,489 159,047 2,356,256 3,067
Total Noncurrent Liabilities 498,453 739,489 159,047 2,356,256 3,067
Total Liabilities 526,187 816,162 232,491 3,196,008 76,097
Net Assets (Deficit)          
Invested in Capital Assets, Net of Related Debt - - 505,237 2,671,350 36,649
Restricted For:          
Debt Service - - 4,508 38,488 -
Unemployment Compensation - - - - -
Clean and Drinking Water Projects - 634,562 95,026 729,588 -
Capital Projects - - - 211,913 -
Nonexpendable Purposes - - 20 12,017 -
Bond Indentures - - - 2,120 -
Loans - - - 5,808 -
Other Purposes - - 206,983 263,166 -
Unrestricted (Deficit) (141,748) 19,014 72,770 350,193 (61,340)
Total Net Assets (Deficit) $(141,748) $653,576 $884,544 $4,284,643 $(24,691)

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

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