State of Connecticut


Statement of Net Assets
June 30, 2011
(Expressed in Thousands)
Primary Government
Governmental Business-Type Component
Activities Activities Total Units
Assets        
Current Assets:        
Cash and Cash Equivalents $815,474 $748,818 $1,564,292 $144,574
Deposits with U.S. Treasury - 337,799 337,799 -
Investments 382,068 67,705 449,773 362,106
Receivables, (Net of Allowances) 2,130,295 796,021 2,926,316 45,394
Due from Primary Government - - - 12,988
Inventories 45,134 13,907 59,041 4,086
Restricted Assets - 68,785 68,785 1,414,128
Internal Balances (248,768) 248,768 - -
Other Current Assets 19,305 18,256 37,561 2,924
Total Current Assets 3,143,508 2,300,059 5,443,567 1,986,200
Noncurrent Assets:        
Cash and Cash Equivalents - 340,739 340,739 -
Due From Component Units 19,026 - 19,026 -
Investments - 193,618 193,618 41,085
Receivables, (Net of Allowances) 250,035 706,424 956,459 170,387
Restricted Assets 710,880 644,657 1,355,537 4,598,791
Capital Assets, (Net of Accumulated Depreciation) 10,924,298 3,468,078 14,392,376 417,573
Other Noncurrent Assets 104,590 50,098 154,688 11,154
Total Noncurrent Assets 12,008,829 5,403,614 17,412,443 5,238,990
Total Assets 15,152,337 7,703,673 22,856,010 7,225,190
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 807,239 294,994 1,102,233 68,652
Notes Payable - - - -
Due to Component Units 12,988 - 12,988 -
Due to Other Governments 202,451 1,965 204,416 -
Current Portion of Long-Term Obligations 1,458,847 194,414 1,653,261 309,473
Amount Held for Institutions - - - 364,483
Deferred Revenue 12,949 227,814 240,763 -
Medicaid Liability 525,733 - 525,733 -
Liability for Escheated Property 578,709 - 578,709 -
Other Current Liabilities 224,762 68,112 292,874 27,862
Total Current Liabilities 3,823,678 787,299 4,610,977 770,470
Noncurrent Liabilities:        
Non-Current Portion of Long-Term Obligations 25,378,369 2,723,138 28,101,507 4,631,975
Total Noncurrent Liabilities 25,378,369 2,723,138 28,101,507 4,631,975
Total Liabilities 29,202,047 3,510,437 32,712,484 5,402,445
Net Assets        
Invested in Capital Assets, Net of Related Debt 4,905,025 2,818,635 7,723,660 276,804
Restricted For:        
Transportation 82,785 - 82,785 -
Debt Service 663,880 28,989 692,869 22,765
Federal Grants and Other Accounts 452,836 - 452,836 -
Capital Projects 445,499 115,071 560,570 -
Unemployment Compensation - - - -
Clean Water and Drinking Water Projects - 760,007 760,007 -
Bond Indenture Requirements - 2,250 2,250 936,984
Loans - 4,500 4,500 -
Permanent Investments or Endowments:        
Expendable 1,668 - 1,668 91,401
Nonexpendable 97,485 12,472 109,957 274,653
Other Purposes 65,720 229,380 295,100 50,982
Unrestricted (Deficit) (20,764,608) 221,932 (20,542,676) 169,156
Total Net Assets (Deficit) $(14,049,710) $4,193,236 $(9,856,474) $1,822,745

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