State of Connecticut

Statement of Revenues, Expenditures and
Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2011
(Expressed in Thousands)
Restricted Total
Debt Grants & Other Governmental
General Service Transportation Accounts Funds Funds
Revenues            
Taxes $11,888,079 $- $713,936 $- $- $12,602,015
Assessments - - - - 28,444 28,444
Licenses, Permits and Fees 248,548 - 299,575 11,438 42,206 601,767
Tobacco Settlement - - - - 121,422 121,422
Federal Grants and Aid 4,878,669 - 9,360 2,254,614 99,181 7,241,824
Charges for Services 35,505 - 62,384 - 954 98,843
Fines, Forfeits and Rents 111,806 - 19,126 - 11,423 142,355
Casino Gaming Payments 359,582 - - - - 359,582
Investment Earnings - 4,334 1,096 1,367 11,829 18,626
Interest on Loans - - - - - -
Miscellaneous 184,624 - 7,004 399,191 121,647 712,466
Total Revenues 17,706,813 4,334 1,112,481 2,666,610 437,106 21,927,344
Expenditures            
Current:            
Legislative 96,234 - - 3,755 - 99,989
General Government 1,157,346 - 1,119 246,962 96,589 1,502,016
Regulation and Protection 362,403 - 80,819 146,910 188,435 778,567
Conservation and Development 168,525 - - 138,269 220,371 527,165
Health and Hospitals 2,039,074 - - 221,893 10,108 2,271,075
Transportation - - 673,160 755,306 12,540 1,441,006
Human Services 6,008,019 - - 562,699 8,001 6,578,719
Education, Libraries, and Museums 3,280,456 - - 595,092 380,096 4,255,644
Corrections 1,897,355 - - 19,078 3,746 1,920,179
Judicial 773,612 - - 17,215 33,262 824,089
Capital Projects - - - - 464,023 464,023
Debt Service:            
Principal Retirement 1,001,948 271,330 - - - 1,273,278
Interest and Fiscal Charges 630,067 155,532 3,619 149,224 7,339 945,781
Total Expenditures 17,415,039 426,862 758,717 2,856,403 1,424,510 22,881,531
Excess (Deficiency) of Revenues Over Expenditures 291,774 (422,528) 353,764 (189,793) (987,404) (954,187)
Other Financing Sources (Uses)            
Bonds Issued 47,785 - - - 1,571,840 1,619,625
Premiums on Bonds Issued 1,137 19,748 - - 53,698 74,583
Transfers In 518,020 446,775 111,884 40,956 93,783 1,211,418
Transfers Out (1,213,584) (4,422) (459,615) (28,000) (300,313) (2,005,934)
Refunding Bonds Issued - 412,870 - - - 412,870
Payment to Refunded Bond Escrow Agent - (431,550) - - - (431,550)
Capital Lease Obligations 4,089 - - - - 4,089
Total Other Financing Sources (Uses) (642,553) 443,421 (347,731) 12,956 1,419,008 885,101
Net Change in Fund Balances (350,779) 20,893 6,033 (176,837) 431,604 (69,086)
Fund Balances (Deficit) - Beginning (restated) (949,605) 687,752 164,240 620,952 930,817 1,454,156
Changes in Reserves for Inventories & Loans Receivable 3,075 - (456) - - 2,619
Fund Balances (Deficit) - Ending $(1,297,309) $708,645 $169,817 $444,115 $1,362,421 $1,387,689

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