Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006 BASIC FINANCIAL STATEMENTS - Statement of Net Assets Proprietary Funds

State of Connecticut

Statement of Net Assets
Proprietary Funds
June 30, 200
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut
State
Universities
Bradley
Inter national
Airport
Connecticut 
Lottery
 Corporation
Assets        
Current Assets:        
Cash and Cash Equivalents $216,413 $108,237 $36,862 $21,854
Deposits with U.S. Treasury - - - -
Investments 4,879 14,371 - 39,936
Receivables:        
Accounts, Net of Allowances 130,337 107,774 4,523 10,103
Loans, Net of Allowances 2,684 2,342 - -
Interest - - - 9,107
From Other Governments - 1,700 1,443 -
Due from Other Funds 56,089 45,237 - -
Inventories 9,743 - - -
Restricted Assets 98,583 - 12,136 -
Other Current Assets 8,977 4,114 455 2,352
Total Current Assets 527,705 283,775 55,419 83,352
Noncurrent Assets:        
Cash and Cash Equivalents 1,462 102,990 - -
Investments 14,877 26,666 - 223,710
Receivables:        
Accounts, Net of Allowances - - - -
Loans, Net of Allowances 9,902 8,026 - -
Restricted Assets 19,551 - 114,995 -
Capital Assets, Net of Accumulated Depreciation 1,722,512 844,779 307,237 1,478
Other Noncurrent Assets 2,360 1,149 6,737 4,964
Total Noncurrent Assets 1,770,664 983,610 428,969 230,152
Total Assets 2,298,369 1,267,385 484,388 313,504
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 123,437 47,640 16,607 18,469
Due to Other Funds 15,235 2,344 2,347 -
Due to Other Governments - - - -
Current Portion of Long-Term Obligations 47,426 23,038 9,410 42,063
Deferred Revenue 35,661 122,210 1,163 488
Other Current Liabilities 18,755 8,170 - 24,669
Total Current Liabilities 240,514 203,402 29,527 85,689
Noncurrent Liabilities:        
Noncurrent Portion of Long-Term Obligations 354,910 355,930 208,402 223,710
Total Noncurrent Liabilities 354,910 355,930 208,402 223,710
Total Liabilities 595,424 559,332 237,929 309,399
Net Assets (Deficit)        
Invested in Capital Assets, Net of Related Debt 1,391,768 618,920 108,087 1,478
Restricted For:        
Debt Service 10,878 - 27,722 -
Unemployment Compensation - - - -
Clean and Drinking Water Projects - - - -
Capital Projects 82,252 - 66,973 -
Nonexpendable Purposes 14,879 1,099 - -
Bond Indentures - - 2,810 -
Loans 6,200 - - -
Other Purposes 16,379 27,170 - 4,105
Unrestricted 180,589 60,864 40,867 (1,478)
Total Net Assets $1,702,945 $708,053 $246,459 $4,105

 

Business-Type Activities
Enterprise Funds
Governmental 
Activities
Employment
Security
Clean
Water
Other
Funds
Total Internal
Service
Funds
Assets          
Current Assets:          
Cash and Cash Equivalents $- $3,658 $140,676 $527,700 $15,172
Deposits with U.S. Treasury 642,780 - - 642,780 -
Investments - - - 59,186 -
Receivables:          
Accounts, Net of Allowances 133,544 - 22,521 408,802 3,713
Loans, Net of Allowances - 152,271 18,132 175,429 -
Interest - 7,407 1,669 18,183 -
From Other Governments 3,314 46 706 7,209 -
Due from Other Funds 633 - 209,003 310,962 8,149
Inventories - - 1,125 10,868 4,395
Restricted Assets - - - 110,719 -
Other Current Assets - - 692 16,590 67
Total Current Assets 780,271 163,382 394,524 2,288,428 31,496
Noncurrent Assets:          
Cash and Cash Equivalents - 144,770 31,183 280,405 -
Investments - 4,254 13,000 282,507 -
Receivables:          
Accounts, Net of Allowances - - 1,007 1,007 -
Loans, Net of Allowances - 494,224 43,407 555,559 -
Restricted Assets - 394,695 50,337 579,578 -
Capital Assets, Net of Accumulated Depreciation - - 386,829 3,262,835 53,156
Other Noncurrent Assets - 27,398 1,854 44,462 769
Total Noncurrent Assets - 1,065,341 527,617 5,006,353 53,925
Total Assets 780,271 1,228,723 922,141 7,294,781 85,421
Liabilities          
Current Liabilities:          
Accounts Payable and Accrued Liabilities - 8,181 58,299 272,633 19,959
Due to Other Funds 6,250 - - 26,176 66,057
Due to Other Governments 115 - - 115 -
Current Portion of Long-Term Obligations - 42,520 34,721 199,178 271
Deferred Revenue - - 2,340 161,862 129
Other Current Liabilities - 754 13,579 65,927 -
Total Current Liabilities 6,365 51,455 108,939 725,891 86,416
Noncurrent Liabilities:          
Noncurrent Portion of Long-Term Obligations - 586,031 238,810 1,967,793 13,507
Total Noncurrent Liabilities - 586,031 238,810 1,967,793 13,507
Total Liabilities 6,365 637,486 347,749 2,693,684 99,923
Net Assets (Deficit)          
Invested in Capital Assets, Net of Related Debt - - 334,865 2,455,118 49,585
Restricted For:          
Debt Service - - 30,457 69,057 -
Unemployment Compensation 773,906 - - 773,906 -
Clean and Drinking Water Projects - 542,058 72,739 614,797 -
Capital Projects - - - 149,225 -
Nonexpendable Purposes - - 20 15,998 -
Bond Indentures - - - 2,810 -
Loans - - - 6,200 -
Other Purposes - - 191,921 239,575 -
Unrestricted - 49,179 (55,610) 274,411 (64,087)
Total Net Assets $773,906 $591,237 $574,392 $4,601,097 $(14,502)

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