| Statement of Net Assets | ||||
| June 30, 2007 | ||||
| (Expressed in Thousands) | ||||
| Primary Government | ||||
|---|---|---|---|---|
| Governmental | Business-Type | Component | ||
| Activities | Activities | Total | Units | |
| Assets | ||||
| Current Assets: | ||||
| Cash and Cash Equivalents | $1,605,433 | $527,700 | $2,133,133 | $191,732 |
| Deposits with U.S. Treasury | - | 642,780 | 642,780 | - |
| Investments | 705,732 | 59,186 | 764,918 | 390,700 |
| Receivables, (Net of Allowances) | 2,277,395 | 609,623 | 2,887,018 | 63,215 |
| Due from Component Units | 2,619 | - | 2,619 | - |
| Due from Primary Government | - | - | - | 12,727 |
| Inventories | 56,329 | 10,868 | 67,197 | 3,439 |
| Restricted Assets | - | 110,719 | 110,719 | 1,457,699 |
| Internal Balances | (284,786) | 284,786 | - | - |
| Other Current Assets | 16,674 | 16,590 | 33,264 | 5,658 |
| Total Current Assets | 4,379,396 | 2,262,252 | 6,641,648 | 2,125,170 |
| Noncurrent Assets: | ||||
| Cash and Cash Equivalents | - | 280,405 | 280,405 | - |
| Due From Component Units | 10,701 | - | 10,701 | - |
| Investments | - | 282,507 | 282,507 | 56,862 |
| Receivables, (Net of Allowances) | 187,589 | 556,566 | 744,155 | 131,047 |
| Restricted Assets | 677,724 | 579,578 | 1,257,302 | 3,644,376 |
| Capital Assets, (Net of Accumulated Depreciation) | 9,951,984 | 3,262,835 | 13,214,819 | 433,729 |
| Other Noncurrent Assets | 59,464 | 44,462 | 103,926 | 10,344 |
| Total Noncurrent Assets | 10,887,462 | 5,006,353 | 15,893,815 | 4,276,358 |
| Total Assets | 15,266,858 | 7,268,605 | 22,535,463 | 6,401,528 |
| Liabilities | ||||
| Current Liabilities: | ||||
| Accounts Payable and Accrued Liabilities | 710,709 | 272,633 | 983,342 | 103,212 |
| Due to Component Units | 12,727 | - | 12,727 | - |
| Due to Primary Government | - | - | - | 2,619 |
| Due to Other Governments | 70,745 | 115 | 70,860 | - |
| Current Portion of Long-Term Obligations | 1,262,425 | 199,178 | 1,461,603 | 162,989 |
| Amount Held for Institutions | - | - | - | 541,335 |
| Deferred Revenue | 11,982 | 161,862 | 173,844 | - |
| Medicaid Liability | 472,637 | - | 472,637 | - |
| Liability for Escheated Property | 164,867 | - | 164,867 | - |
| Other Current Liabilities | 193,851 | 65,927 | 259,778 | 28,903 |
| Total Current Liabilities | 2,899,943 | 699,715 | 3,599,658 | 839,058 |
| Noncurrent Liabilities: | ||||
| Non-Current Portion of Long-Term Obligations | 17,210,552 | 1,967,793 | 19,178,345 | 3,774,944 |
| Total Noncurrent Liabilities | 17,210,552 | 1,967,793 | 19,178,345 | 3,774,944 |
| Total Liabilities | 20,110,495 | 2,667,508 | 22,778,003 | 4,614,002 |
| Net Assets | ||||
| Invested in Capital Assets, Net of Related Debt | 4,269,038 | 2,455,118 | 6,724,156 | 301,090 |
| Restricted For: | ||||
| Transportation | 178,978 | - | 178,978 | - |
| Debt Service | 639,870 | 69,057 | 708,927 | 18,935 |
| Capital Projects | - | 149,225 | 149,225 | - |
| Unemployment Compensation | - | 773,906 | 773,906 | - |
| Clean Water and Drinking Water Projects | - | 614,797 | 614,797 | - |
| Bond Indenture Requirements | - | 2,810 | 2,810 | 753,039 |
| Loans | - | 6,200 | 6,200 | - |
| Permanent Investments or Endowments: | ||||
| Expendable | 2,829 | - | 2,829 | 137,773 |
| Nonexpendable | 93,115 | 15,998 | 109,113 | 234,332 |
| Other Purposes | 470,146 | 239,575 | 709,721 | 42,638 |
| Unrestricted (Deficit) | (10,497,613) | 274,411 | (10,223,202) | 299,719 |
| Total Net Assets (Deficit) | $(4,843,637) | $4,601,097 | $(242,540) | $1,787,526 |
The accompanying notes are an integral part of the financial statements.