Reconciliation of Governmental Funds Balance Sheet
to the Statement of Net Position
June 30, 2016  
(Expressed in Thousands)  
Total Fund Balance - Governmental Funds $1,844,020
Net assets reported for governmental activities in the Statement of Net Position
are different because:
Capital assets used in governmental activities are not financial resources
and therefore are not reported in the funds. These assets consist of:
Buildings 4,321,143
Equipment 2,473,723
Infrastructure 14,673,328
Other Capital Assets 6,758,131
Accumulated Depreciation (14,575,793) 13,650,532
Some of the state's revenues will be collected after year-end but are not
available soon enough to pay for the current period's expenditures and
therefore are deferred inflows of resources in the governmental funds. 625,143
Deferred Inflows of resources are not reported in the governmental funds:
Related to pensions (83,337)
Internal service funds are used by management to charge the costs of
certain activities to individual funds. The assets and liabilities of the internal
service funds are included in governmental activities in the Statement of
Net Position. 53,954
Deferred outflows of resources are not reported in the governmental funds:
Amount on refunding of bonded debt 95,903
Related to pensions 2,558,497
Long-term liabilities are not due and payable in the current period and therefore
are not reported in the funds (Note 16).
Net Pension Liability (27,459,972)
Net OPEB Obligation (9,927,951)
Worker's Compensation (684,401)
Capital Leases (32,342)
Compensated Absences (509,859)
Claims and Judgments (62,849)
Landfill Postclosure Care (49,433) (38,726,807)
Long-term bonded debt is not due and payable in the current period and
therefore is not reported in the funds. Unamortized premiums, loss on
refundings, and interest payable are not reported in the funds. However,
these amounts are included in the Statement of Net Position. This is the net
effect of these balances on the statement (Note 16).
Bonds and Notes Payable (22,266,897)
Unamortized Premiums (1,672,204)
Accrued Interest Payable (206,543) (24,145,644)
Net Position of Governmental Activities $(44,127,739)

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