Changes in Fund Balances, Governmental Funds Statistical Section Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006

State of Connecticut

Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
(Expressed in Thousands)
  2002 2003 2004 2005 2006
Revenues          
Taxes $8,278,340 $8,727,502 $9,742,801 $10,830,226 $11,836,809
Assessments   - 25,827 17,968 21,555
Licenses, Permits and Fees 551,369 524,998 515,049 530,148 536,468
Tobacco Settlement 139,968 137,915 116,578 118,321 108,619
Federal Grants and Aid 3,837,393 4,028,640 4,383,498 4,117,007 4,578,381
Charges for Services 61,047 92,922 98,225 95,683 108,797
Fines, Forfeits and Rents 71,039 99,909 138,619 189,525 107,115
Casino Gaming Payments 368,954 387,255 402,733 417,838 427,527
Investment Earnings 78,074 50,959 27,531 69,342 102,694
Miscellaneous 292,742 363,471 456,841 470,567 593,629
Total Revenues 13,678,926 14,413,571 15,907,702 16,856,625 18,421,594
Expenditures          
Legislative 76,595 77,307 84,272 86,006 91,733
General Government 1,326,900 1,115,263 1,056,469 1,167,476 1,305,571
Regulation and Protection 607,074 558,710 559,219 602,472 686,747
Conservation and Development 428,254 402,655 432,590 407,547 384,063
Health and Hospital 1,652,838 1,686,699 1,642,797 1,761,561 1,889,242
Transportation 576,857 537,797 527,326 573,035 648,628
Human Services 3,866,970 4,089,089 4,538,769 4,454,092 4,877,611
Education, Libraries, and Museums 2,981,859 3,042,345 3,091,136 3,324,865 3,813,549
Corrections 1,334,427 1,422,713 1,525,804 1,621,273 1,723,591
Judicial 532,774 546,154 532,784 627,602 648,274
Capital Projects 1,030,628 871,029 780,194 707,023 671,124
Debt Service:         -
Principal 824,825 904,658 965,313 1,051,308 1,102,770
Interest 599,795 613,181 647,797 644,563 670,385
Total Expenditures 15,839,796 15,867,600 16,384,470 17,028,823 18,513,288
Revenues Over (Under) Expenditures (2,160,870) (1,454,029) (476,768) (172,198) (91,694)
Other Financing Sources (Uses) and Special Items          
Bonds Issued 1,621,001 1,804,145 1,395,545 1,278,110 1,362,145
Premiums on Bonds Issued 131,016 124,606 269,058 93,014 55,244
Transfers In 1,105,265 1,282,163 1,679,858 1,034,799 1,036,654
Transfers Out (1,763,439) (1,796,544) (2,098,625) (1,729,854) (1,750,539)
Refunding Bonds Issued 1,121,670 745,669 1,961,040 447,013 61,020
Payment to Refunded Bond Escrow Agent (1,204,925) (776,597) (2,146,469) (484,379) (65,473)
Capital Lease Obligations 6,989 1,077 - 27,628 -
Special Items:          
Transfer of Loans to Component Unit - - (204,117) - -
Statutory Payment from Component Units - 100,000 17,500 15,000 -
Other - - 29,357 - -
Total Other Financing Sources (Uses) and Special Items 1,017,577 1,484,519 903,147 681,331 699,051
Net Change in Fund Balances $(1,143,293) $30,490 $426,379 $509,133 $607,357
           
Debt Service as a Percentage of          
Noncapital Expenditures 9.54% 10.24% 10.28% 10.34% 10.02%


Note: Due to changes in the State's fund structure initiated when GASB 34 was implemented, the changes in fund balance information is available beginning in FY 2002.