Net Position by Component
Last Ten Fiscal Years
(Expressed in Thousands)
  2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Governmental Activities:
Net Invested in Capital Assets $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 $5,776,818
Restricted 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 1,795,757
Unrestricted (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) (25,065,007)
Total Governmental Activities Net Position $(5,390,623) $(5,076,002) $(4,843,637) $(6,887,929) $(9,569,190) $(13,673,045) $(14,049,710) $1,753,000 $(15,091,976) $(17,492,432)
Business-Type Activities:
Net Invested in Capital Assets $2,204,461 $2,303,600 $2,345,553 $2,465,734 $2,499,175 $2,544,919 $2,677,999 $2,810,724 $3,029,092 $3,169,151
Restricted 1,478,671 1,606,661 1,769,958 1,649,200 1,359,459 1,157,139 1,051,544 995,806 898,180 1,065,211
Unrestricted 83,855 140,071 235,022 306,755 373,035 302,435 171,738 360,131 391,597 546,492
Total Business-Type Activities Net Position $3,766,987 $4,050,332 $4,350,533 $4,421,689 $4,231,669 $4,004,493 $3,901,281 $4,166,661 $4,318,869 $4,780,854
Primary Government:
Net Invested in Capital Assets $5,499,349 $5,772,745 $6,614,591 $7,396,483 $7,998,777 $7,455,097 $7,583,024 $8,116,164 $8,853,783 $8,945,969
Restricted 2,803,604 3,103,354 3,154,896 3,290,577 2,977,185 2,934,919 2,861,417 2,643,596 3,181,080 2,860,968
Unrestricted (9,926,589) (9,901,769) (10,262,591) (13,153,300) (16,313,483) (20,058,568) (20,592,870) (21,623,963) (22,807,970) (24,518,515)
Total Primary Government Net Position $(1,623,636) $(1,025,670) $(493,104) $(2,466,240) $(5,337,521) $(9,668,552) $(10,148,429) $(10,864,203) $(10,773,107) $(12,711,578)


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 2014, the Connecticut Lottery Corporation, a major Enterprise fund, was reclassified as a major component unit. Business-type activities for the fiscal years prior to 2014 have been restated to reflect this change.