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, 2008
(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 $266,691 $119,897 $49,394 $37,035
Deposits with U.S. Treasury - - - -
Investments 2,686 14,620 - 36,055
Receivables:        
Accounts, Net of Allowances 115,457 141,930 4,964 12,305
Loans, Net of Allowances 2,616 2,004 - -
Interest - - - 7,650
From Other Governments - 1,499 3,417 -
Due from Other Funds 62,522 54,313 - -
Inventories 10,420 - - -
Restricted Assets 34,407 - 12,224 -
Other Current Assets 14,091 1,402 609 1,877
Total Current Assets 508,890 335,665 70,608 94,922
Noncurrent Assets:        
Cash and Cash Equivalents 1,468 99,968 - -
Investments 12,310 26,668 - 193,959
Receivables:        
Accounts, Net of Allowances - - - -
Loans, Net of Allowances 9,288 8,919 - -
Restricted Assets 16,162 - 105,226 -
Capital Assets, Net of Accumulated Depreciation 1,699,046 860,933 302,949 2,939
Other Noncurrent Assets 2,412 3,272 6,441 4,991
Total Noncurrent Assets 1,740,686 999,760 414,616 201,889
Total Assets 2,249,576 1,335,425 485,224 296,811
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 132,339 53,499 15,028 23,246
Due to Other Funds 16,345 2,930 3,425 -
Due to Other Governments - - - -
Current Portion of Long-Term Obligations 48,848 21,442 9,605 38,085
Deferred Revenue 33,324 157,601 1,674 812
Other Current Liabilities 16,305 7,700 - 34,282
Total Current Liabilities 247,161 243,172 29,732 96,425
Noncurrent Liabilities:        
Noncurrent Portion of Long-Term Obligations 341,553 338,210 198,889 194,198
Total Noncurrent Liabilities 341,553 338,210 198,889 194,198
Total Liabilities 588,714 581,382 228,621 290,623
Net Assets (Deficit)        
Invested in Capital Assets, Net of Related Debt 1,384,600 645,613 110,183 2,939
Restricted For:        
Debt Service 10,035 - 27,625 -
Unemployment Compensation - - - -
Clean and Drinking Water Projects - - - -
Capital Projects 27,597 - 72,325 -
Nonexpendable Purposes 13,779 1,047 - -
Bond Indentures - - 2,508 -
Loans 6,241 - - -
Other Purposes 18,721 28,839 - 6,188
Unrestricted (Deficit) 199,889 78,544 43,962 (2,939)
Total Net Assets (Deficit) $1,660,862 $754,043 $256,603 $6,188

 

Business-Type Activities
Enterprise Funds		 Governmental 
Activities
Employment
Security 		Clean
Water 		Other
Funds 		Total Internal
Service
Funds
Assets          
Current Assets:          
Cash and Cash Equivalents $- $- $155,156 $628,173 $16,849
Deposits with U.S. Treasury 610,917 - - 610,917 -
Investments - - - 53,361 -
Receivables:          
Accounts, Net of Allowances 134,687 765 18,740 428,848 833
Loans, Net of Allowances - 213,911 28,754 247,285 -
Interest - 9,263 1,778 18,691 -
From Other Governments 3,686 193 - 8,795 -
Due from Other Funds 691 - 137,164 254,690 3,165
Inventories - - 1,440 11,860 3,763
Restricted Assets - - - 46,631 -
Other Current Assets - - 725 18,704 77
Total Current Assets 749,981 224,132 343,757 2,327,955 24,687
Noncurrent Assets:          
Cash and Cash Equivalents - 29,944 22,953 154,333 -
Investments - 39,597 15,459 287,993 -
Receivables:          
Accounts, Net of Allowances - - - - -
Loans, Net of Allowances - 500,722 40,814 559,743 -
Restricted Assets - 285,431 53,787 460,606 -
Capital Assets, Net of Accumulated Depreciation - - 481,735 3,347,602 57,771
Other Noncurrent Assets - 27,474 1,670 46,260 752
Total Noncurrent Assets - 883,168 616,418 4,856,537 58,523
Total Assets 749,981 1,107,300 960,175 7,184,492 83,210
Liabilities          
Current Liabilities:          
Accounts Payable and Accrued Liabilities - 12,017 56,564 292,693 20,122
Due to Other Funds 9,312 - - 32,012 65,925
Due to Other Governments 33 - - 33 -
Current Portion of Long-Term Obligations - 23,052 35,164 176,196 255
Deferred Revenue - - 4,793 198,204 129
Other Current Liabilities - - 15,663 73,950 -
Total Current Liabilities 9,345 35,069 112,184 773,088 86,431
Noncurrent Liabilities:          
Noncurrent Portion of Long-Term Obligations - 455,034 199,040 1,726,924 9,919
Total Noncurrent Liabilities - 455,034 199,040 1,726,924 9,919
Total Liabilities 9,345 490,103 311,224 2,500,012 96,350
Net Assets (Deficit)          
Invested in Capital Assets, Net of Related Debt - - 435,521 2,578,856 49,666
Restricted For:          
Debt Service - - 28,716 66,376 -
Unemployment Compensation 740,636 - - 740,636 -
Clean and Drinking Water Projects - 569,248 86,309 655,557 -
Capital Projects - - - 99,922 -
Nonexpendable Purposes - - 20 14,846 -
Bond Indentures - - - 2,508 -
Loans - - - 6,241 -
Other Purposes - - 118,012 171,760 -
Unrestricted (Deficit) - 47,949 (19,627) 347,778 (62,806)
Total Net Assets (Deficit) $740,636 $617,197 $648,951 $4,684,480 $(13,140)

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

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