Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2007 BASIC FINANCIAL STATEMENTS - Governmental Fund Financial Statements - Balance Sheet

State of Connecticut

Balance Sheet
Governmental Funds
June 30, 2007
(Expressed in Thousands)
Total
Debt Other Governmental
General Service Transportation Funds Funds
Assets          
Cash and Cash Equivalents $588,782 $- $196,144 $805,335 $1,590,261
Investments 566,800 - - 138,932 705,732
Securities Lending Collateral - - - 16,526 16,526
Receivables:          
Taxes, Net of Allowances 1,325,135 - 42,145 - 1,367,280
Accounts, Net of Allowances 153,262 - 11,533 34,589 199,384
Loans, Net of Allowances - - - 187,589 187,589
From Other Governments 418,144 - - 269,256 687,400
Interest - 7,546 387 - 7,933
Other - - - 6,235 6,235
Due from Other Funds 25,050 - 7,546 88,248 120,844
Advances to Other Funds 4,700 - - - 4,700
Due from Component Units 13,320 - - - 13,320
Inventories 34,056 - 17,878 - 51,934
Restricted Assets - 676,894 - 830 677,724
Other Assets - - - 81 81
Total Assets $3,129,249 $684,440 $275,633 $1,547,621 $5,636,943
Liabilities and Fund Balances          
Liabilities          
Accounts Payable and Accrued Liabilities $346,065 $- $21,283 $217,695 $585,043
Due to Other Funds 113,453 7,546 - 226,169 347,168
Due to Component Units - - - 12,727 12,727
Due to Other Governments 69,312 - - 1,433 70,745
Deferred Revenue 453,822 - 6,181 66,612 526,615
Medicaid Liability 472,637 - - - 472,637
Liability For Escheated Property 164,867 - - - 164,867
Securities Lending Obligation - - - 16,526 16,526
Other Liabilities 177,325 - - - 177,325
Total Liabilities 1,797,481 7,546 27,464 541,162 2,373,653
Fund Balances          
Reserved For:          
Petty Cash 918 - - - 918
Inventories 34,056 - 17,878 - 51,934
Loans 18,020 - - 187,589 205,609
Continuing Appropriations 811,340 - 40,661 739 852,740
Debt Service - 676,894 - - 676,894
Restricted Purposes - - - 450,419 450,419
Surplus Transfer to FY 08 80,000 - - - 80,000
Budget Reserve Fund 1,381,748 - - - 1,381,748
Unreserved Reported In:          
General Fund (994,314) - - - (994,314)
Transportation Fund - - 189,630 - 189,630
Special Revenue Funds - - - 539,357 539,357
Capital Project Funds - - - (171,645) (171,645)
Total Fund Balances 1,331,768 676,894 248,169 1,006,459 3,263,290
Total Liabilities and Fund Balances $3,129,249 $684,440 $275,633 $1,547,621 $5,636,943

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