Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2003 BASIC FINANCIAL STATEMENTS - Governmental Fund Financial Statements - Balance Sheet

State of Connecticut

Balance Sheet
Governmental Funds
June 30, 2003
(Expressed in Thousands)
Total
Debt Other Governmental
General Service Transportation Funds Funds
Assets          
Cash and Cash Equivalents $- $- $112,466 $123,018 $235,484
Investments - - - 108,070 108,070
Securities Lending Collateral - - - 9,750 9,750
Receivables:          
Taxes, Net of Allowances 761,905 - 40,898 - 802,803
Accounts, Net of Allowances 197,483 - 5,530 26,804 229,817
Loans, Net of Allowances - - - 427,351 427,351
From Other Governments 562,792 - 9,220 81,414 653,426
Interest - 4,969 150 - 5,119
Other 11,105 - 6,586 2 17,693
Due from Other Funds 12,974 - 9,156 595,496 617,626
Advances to Other Funds 4,700 - - - 4,700
Due from Component Units 2,000 - - - 2,000
Inventories 42,124 - 13,080 - 55,204
Restricted Assets - 622,082 - - 622,082
Total Assets $1,595,083 $627,051 $197,086 $1,371,905 $3,791,125
Liabilities and Fund Balances          
Liabilities:          
Accounts Payable and Accrued Liabilities $207,128 $- $19,772 $122,339 349,239
Due to Other Funds 626,709 4,968 1,060 67,407 700,144
Due to Component Units 189 - - 20,447 20,636
Due to Other Governments 99,406 - - - 99,406
Deferred Revenue 389,858 - 17,978 36,706 444,542
Medicaid Liability 443,898 - - - 443,898
Liability For Escheated Property 68,073 - - - 68,073
Securities Lending Obligation - - - 9,750 9,750
Other Liabilities 161,321 - - 2,673 163,994
Total Liabilities 1,996,582 4,968 38,810 259,322 2,299,682
Fund Balances          
Reserved For:          
Petty Cash 991 - - - 991
Inventories 42,124 - 13,080 - 55,204
Loans 6,700 - - 427,351 434,051
Continuing Appropriations 86,647 - 19,866 550 107,063
Debt Service/Issue Costs 55,097 622,083 - - 677,180
Restricted Purposes 249,260 - - 94,191 343,451
Unreserved Reported In:          
General Fund (842,318) - - - (842,318)
Transportation Fund - - 125,330 - 125,330
Special Revenue Funds - - - 443,507 443,507
Capital Project Funds - - - 146,984 146,984
Total Fund Balances (401,499) 622,083 158,276 1,112,583 1,491,443
Total Liabilities and Fund Balances $1,595,083 $627,051 $197,086 $1,371,905 $3,791,125

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