| Net Assets by Component | ||||||||||
| Last Ten Fiscal Years | ||||||||||
| (Expressed in Thousands) | ||||||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Governmental Activities: | ||||||||||
| Invested in Capital Assets, Net of Related Debt | $2,622,372 | $3,264,134 | $3,294,888 | $3,469,145 | $4,269,038 | $4,930,749 | $5,499,602 | $4,910,178 | $4,905,025 | $5,305,440 |
| Restricted | 1,233,992 | 1,686,089 | 1,324,933 | 1,496,693 | 1,384,938 | 1,641,377 | 1,617,726 | 1,777,780 | 1,809,873 | 1,647,790 |
| Unrestricted | (9,203,348) | (10,390,481) | (10,010,444) | (10,041,840) | (10,497,613) | (13,460,055) | (16,686,518) | (20,361,003) | (20,764,608) | (21,984,094) |
| Total Governmental Activities Net Assets | $(5,346,984) | $(5,440,258) | $(5,390,623) | $(5,076,002) | $(4,843,637) | $(6,887,929) | $(9,569,190) | $(13,673,045) | $(14,049,710) | $(15,030,864) |
| Business-Type Activities: | ||||||||||
| Invested in Capital Assets, Net of Related Debt | $2,092,633 | $2,209,541 | $2,314,139 | $2,407,382 | $2,455,118 | $2,578,856 | $2,611,952 | $2,671,350 | $2,818,635 | $2,953,034 |
| Restricted | 1,650,045 | 1,409,915 | 1,568,559 | 1,704,585 | 1,871,568 | 1,757,846 | 1,470,449 | 1,263,100 | 1,152,669 | 1,105,700 |
| Unrestricted | 132,394 | 40,461 | 115,901 | 179,171 | 274,411 | 347,778 | 421,551 | 350,193 | 221,932 | 416,317 |
| Total Business-Type Activities Net Assets | $3,875,072 | $3,659,917 | $3,998,599 | $4,291,138 | $4,601,097 | $4,684,480 | $4,503,952 | $4,284,643 | $4,193,236 | $4,475,051 |
| Primary Government: | ||||||||||
| Invested in Capital Assets, Net of Related Debt | $4,715,005 | $5,473,675 | $5,609,027 | $5,876,527 | $6,724,156 | $7,509,605 | $8,111,554 | $7,581,528 | $7,723,660 | $8,258,474 |
| Restricted | 2,884,037 | 3,096,004 | 2,893,492 | 3,201,278 | 3,256,506 | 3,399,223 | 3,088,175 | 3,040,880 | 2,962,542 | 2,753,490 |
| Unrestricted | (9,070,954) | (10,350,020) | (9,894,543) | (9,862,669) | (10,223,202) | (13,112,277) | (16,264,967) | (20,010,810) | (20,542,676) | (21,567,777) |
| Total Primary Government Net Assets | $(1,471,912) | $(1,780,341) | $(1,392,024) | $(784,864) | $(242,540) | $(2,203,449) | $(5,065,238) | $(9,388,402) | $(9,856,474) | $(10,555,813) |
| Restatements of Net Assets | ||||||||||
| Governmental Activities: | ||||||||||
| Prior-Year Adjustments | $100,104 | $289,253 | $18,470 | $- | $- | $(66,976) | $(881,193) | $33,217 | $(184,484) | $- |
| Fund Reclassification | 26,934 | - | - | - | - | - | - | - | - | - |
| Total Governmental Activities | (5,219,946) | (5,151,005) | (5,372,153) | (5,076,002) | (4,843,637) | (6,954,905) | (10,450,383) | (13,639,828) | (14,234,194) | (15,030,864) |
| Business-Type Activities: | ||||||||||
| Prior-Year Adjustments | (9,750) | - | - | (11,195) | - | (21,652) | - | - | 88,485 | - |
| Fund Reclassification | (241,971) | - | - | - | - | - | - | - | - | - |
| Change in Reporting Period | - | 194,336 | - | - | - | - | - | - | - | - |
| Total Business-Type Activities | 3,623,351 | 3,854,253 | 3,998,599 | 4,279,943 | 4,601,097 | 4,662,828 | 4,503,952 | 4,284,643 | 4,281,721 | 4,475,051 |
| Total Primary Government (as restated) | $(1,596,595) | $(1,296,752) | $(1,373,554) | $(796,059) | $(242,540) | $(2,292,077) | $(5,946,431) | $(9,355,185) | $(9,952,473) | $(10,555,813) |
Notes: The governmental activities have a deficit in unrestricted net asset mainly
because the State recognized in the Statement of
Net Assets the following long-term obligations:
1. General obligation bonds which were issued to finance various grant
programs of the State, such as school construction and municipal aid.
2. Other long-term obligations which the State has partially funded or not
funded. For example, net pension obligation, compensated absences obligation, etc.