Notes to the Financial Statements
June 30, 2009
Note 22 Restatement of Fund Balance/Net Assets and Restricted Assets
As of June 30, 2009, the beginning net assets/fund balances for the following
funds and activities were restated as follows (amounts in thousands):
|Governmental Funds and Activities|
|Restricted Grants and Accounts||$ 666,022||$ (49,644)||$ 616,378|
|Total Governmental Funds||$ 3,120,784||$ (49,644)||$ 3,071,140|
|Capital Assets||$ 10,045,466||$ (17,332)||$ 10,028,134|
|Net Assets of Governmental Activites||$ (6,887,929)||$ (66,976)||$ (6,954,905)|
|Proprietary Funds and Business-Type Activites|
|State Universities||$ 754,043||$ (21,652)||$ 732,391|
|Total Proprietary Funds||$ 4,684,480||$ (21,652)||$ 4,662,828|
|Net Assets of Business-Type Activites||$ 4,684,480||$ (21,652)||$ 4,662,828|
The beginning fund balance of the Restricted fund, a governmental fund, was adjusted to correct an overstatement in the balance of accounts receivable reported last year.
The beginning net asset balance of governmental activities was adjusted to correct a net overstatement in the balance of capital assets reported last year.
The beginning net assets balance of the State Universities fund, a proprietary fund, was adjusted to reflect the cumulative effect of a change in the depreciation method for library books, a capital asset.
As of June 30, 2009, the government-wide statement of net assets reported $3,088 of restricted net assets, of which $300 million was restricted by enabling legislation.