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, 2009
(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 $295,375 $127,199 $48,316 $23,420
Deposits with U.S. Treasury - - - -
Investments 3,331 13,519 - 33,161
Receivables:        
Accounts, Net of Allowances 112,080 157,202 4,188 16,530
Loans, Net of Allowances 2,573 1,917 - -
Interest - - - 6,321
From Other Governments - 2,058 9,816 -
Due from Other Funds 54,050 43,459 - -
Inventories 10,526 - - -
Restricted Assets 128,910 - 12,655 -
Other Current Assets 9,468 1,932 185 2,403
Total Current Assets 616,313 347,286 75,160 81,835
Noncurrent Assets:        
Cash and Cash Equivalents 1,472 105,578 - -
Investments 9,497 26,662 - 168,315
Receivables:        
Accounts, Net of Allowances - - - -
Loans, Net of Allowances 9,548 9,334 - -
Restricted Assets 25,967 - 105,187 -
Capital Assets, Net of Accumulated Depreciation 1,664,600 864,985 302,476 2,786
Other Noncurrent Assets 2,373 2,727 6,249 4,997
Total Noncurrent Assets 1,713,457 1,009,286 413,912 176,098
Total Assets 2,329,770 1,356,572 489,072 257,933
Liabilities        
Current Liabilities:        
Accounts Payable and Accrued Liabilities 132,388 58,352 11,967 17,553
Due to Other Funds 17,722 3,234 10,923 -
Due to Other Governments - - - -
Current Portion of Long-Term Obligations 54,498 21,152 10,145 35,077
Deferred Revenue 29,129 169,865 1,513 815
Other Current Liabilities 18,932 7,540 - 29,003
Total Current Liabilities 252,669 260,143 34,548 82,448
Noncurrent Liabilities:        
Noncurrent Portion of Long-Term Obligations 331,512 324,066 188,836 168,890
Total Noncurrent Liabilities 331,512 324,066 188,836 168,890
Total Liabilities 584,181 584,209 223,384 251,338
Net Assets (Deficit)        
Invested in Capital Assets, Net of Related Debt 1,358,703 668,424 109,991 2,786
Restricted For:        
Debt Service 10,397 - 27,475 -
Unemployment Compensation - - - -
Clean and Drinking Water Projects - - - -
Capital Projects 121,251 - 74,571 -
Nonexpendable Purposes 10,819 1,963 - -
Bond Indentures - - 2,349 -
Loans 6,159 - - -
Other Purposes 19,458 69,174 - 6,595
Unrestricted (Deficit) 218,802 32,802 51,302 (2,786)
Total Net Assets (Deficit) $1,745,589 $772,363 $265,688 $6,595

 

Business-Type Activities
Enterprise Funds		 Governmental 
Activities
Employment
Security 		Clean
Water 		Other
Funds 		Total Internal
Service
Funds
Assets          
Current Assets:          
Cash and Cash Equivalents $- $970 $152,507 $647,787 $11,064
Deposits with U.S. Treasury 243,629 - - 243,629 -
Investments - - - 50,011 -
Receivables:          
Accounts, Net of Allowances 148,509 46,617 15,332 500,458 241
Loans, Net of Allowances - 253,105 10,033 267,628 -
Interest - 8,780 589 15,690 -
From Other Governments 10,874 24 315 23,087 -
Due from Other Funds 1,797 - 76,626 175,932 2,926
Inventories - - 1,428 11,954 3,739
Restricted Assets - - - 141,565 -
Other Current Assets - - 548 14,536 73
Total Current Assets 404,809 309,496 257,378 2,092,277 18,043
Noncurrent Assets:          
Cash and Cash Equivalents - 123,478 38,368 268,896 -
Investments - 35,729 - 240,203 -
Receivables:          
Accounts, Net of Allowances - - - - -
Loans, Net of Allowances - 528,064 61,078 608,024 -
Restricted Assets - 487,401 65,952 684,507 -
Capital Assets, Net of Accumulated Depreciation - - 516,708 3,351,555 61,489
Other Noncurrent Assets - 23,514 1,474 41,334 751
Total Noncurrent Assets - 1,198,186 683,580 5,194,519 62,240
Total Assets 404,809 1,507,682 940,958 7,286,796 80,283
Liabilities          
Current Liabilities:          
Accounts Payable and Accrued Liabilities 158 8,195 60,561 289,174 18,981
Due to Other Funds 41,964 - - 73,843 66,931
Due to Other Governments 284 - - 284 -
Current Portion of Long-Term Obligations - 53,745 7,980 182,597 244
Deferred Revenue - - 3,231 204,553 129
Other Current Liabilities - - 552 56,027 -
Total Current Liabilities 42,406 61,940 72,324 806,478 86,285
Noncurrent Liabilities:          
Noncurrent Portion of Long-Term Obligations - 806,053 157,009 1,976,366 4,657
Total Noncurrent Liabilities - 806,053 157,009 1,976,366 4,657
Total Liabilities 42,406 867,993 229,333 2,782,844 90,942
Net Assets (Deficit)          
Invested in Capital Assets, Net of Related Debt - - 472,048 2,611,952 54,871
Restricted For:          
Debt Service - - 4,508 42,380 -
Unemployment Compensation 362,403 - - 362,403 -
Clean and Drinking Water Projects - 604,902 91,463 696,365 -
Capital Projects - - - 195,822 -
Nonexpendable Purposes - - 20 12,802 -
Bond Indentures - - - 2,349 -
Loans - - - 6,159 -
Other Purposes - - 56,942 152,169 -
Unrestricted (Deficit) - 34,787 86,644 421,551 (65,530)
Total Net Assets (Deficit) $362,403 $639,689 $711,625 $4,503,952 $(10,659)

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

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