State of Connecticut

GENERAL FUND

STATE OF CONNECTICUT GENERAL FUND
BALANCE SHEET
EXHIBIT B
June 30, 2016
Assets  
Cash and Short Term Investments $ -
Accrued Taxes Receivable $1,348,096,000
Accrued Accounts Receivable 20,348,000
Loans Receivable 3,418,879
Total Assets $1,371,862,879
   
   
Liabilities, Reserves, Fund Balance, and Surplus  
Liabilities  
Deficiency in Cash and Short Term Investments $765,570,326
Accounts Payable 558,835,377
Due To Other Funds - Year End Adjustments 998,580
Total Liabilities 1,325,404,283
   
Reserves  
Petty Cash Funds 797,770
Transfer from Budget Reserve Fund (170,418,432)
Statutory Surplus Reserves for Fiscal Year 2015-2016 -
Appropriations Continued to Fiscal Year 2016-2017 96,558,684
Reserve for Receivables 3,418,879
Total Reserves (69,643,099)
   
Fund Balance Related To Statutory GAAP Budgeting  
Amortization Payments (Note 1) 47,580,846
GAAP Conversion Bonds 598,500,000
Fund Balance Due to Change in Accounting Method (FY2014) (529,979,151)
Total Fund Balance 116,101,695
   
Unappropriated Surplus (Deficit) - Schedule B-1 -
Total Liabilities, Reserves, Fund Balance, and Surplus $1,371,862,879

Note 1: In accordance with PA13-247, Sec. 235, the unassigned fund balance reported in the CAFR for the fiscal year ending on June 30, 2013 as reduced by the GAAP deficit reduction bond proceeds (amounting to anunassigned GAAP fund balance of $618,551,000), shall be amortized in equal installment payments over an eleven year period commencing in fiscal year 2018. This amount represents the first payment.