Net Position by Component
Last Ten Fiscal Years
(Expressed in Thousands)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Governmental Activities:
Net Invested in Capital Assets $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 $5,824,691
Restricted 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 2,282,900
Unrestricted (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) (23,199,567)
Total Governmental Activities Net Position $(5,440,258) $(5,390,623) $(5,076,002) $(4,843,637) $(6,887,929) $(9,569,190) $(13,673,045) $(14,049,710) $1,702,000 $(15,091,976)
Business-Type Activities:
Net Invested in Capital Assets $2,207,057 $2,311,897 $2,405,458 $2,453,640 $2,575,917 $2,609,166 $2,668,683 $2,816,104 $2,950,923 $3,178,740
Restricted 1,406,712 1,565,328 1,701,408 1,867,463 1,751,658 1,463,854 1,255,683 1,145,155 1,100,297 999,530
Unrestricted 42,945 118,143 181,095 275,889 350,717 424,337 352,860 224,463 416,270 455,765
Total Business-Type Activities Net Position $3,656,714 $3,995,368 $4,287,961 $4,596,992 $4,678,292 $4,497,357 $4,277,226 $4,185,722 $4,467,490 $4,634,035
Primary Government:
Net Invested in Capital Assets $5,471,191 $5,606,785 $5,874,603 $6,722,678 $7,506,666 $8,108,768 $7,578,861 $7,721,129 $8,256,363 $9,003,431
Restricted 3,092,801 2,890,261 3,198,101 3,252,401 3,393,035 3,081,580 3,033,463 2,955,028 2,748,087 3,282,430
Unrestricted (10,347,536) (9,892,301) (9,860,745) (10,221,724) (13,109,338) (16,262,181) (20,008,143) (20,540,145) (21,567,824) (22,743,802)
Total Primary Government Net Position $(1,783,544) $(1,395,255) $(788,041) $(246,645) $(2,209,637) $(5,071,833) $(9,395,819) $(9,863,988) $(10,563,374) $(10,457,941)

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.
3. In fiscal year 2013, the Connecticut Lottery Corporation, a major Enterprise fund, was reclassified as a major component unit. Business-type activities for the fiscal years prior to 2013 have been restated to reflect this change.