Notes to the Financial Statements
June 30, 2008
Note 22 Restatement of Fund Balance/Net Assets and Restricted Assets
As of June 30, 2008, the beginning fund balance/net assets for the following funds and other funds were restated as follows (amounts in thousands):
|Restricted Grants and Accounts||$ -||$ 353,645||$ -||$ 353,645|
|Other Funds||$ 1,006,459||$ (353,645)||$ -||$ 652,814|
|RTHP||$ 49,047||$ -||$ (5,211)||$ 43,836|
|Net Assts of Pension & Other Employees|
|Benefit Trust Funds||$ 25,910,906||$ -||$ (5,211)||$ 25,905,695|
As of June 30, 2008, the Restricted Grants and Accounts' Fund, a Special Revenue fund, was reported as a major fund in the governmental fund financial statements. In prior years, this fund was reported as a nonmajor fund.
During the year, the beginning net asset balance of the Retired Teacher Healthcare Plan, a fiduciary fund, was adjusted to correct a net misstatement in the assets and liability of the fund as of 6-30-07.
As of June 30, 2008, the government-wide statement of net assets reported $3,380 million of restricted net assets, of which $251 million was restricted by enabling legislation.