Notes to the Financial Statements
June 30, 2010
Note 23 Restatement of Net Assets, Restricted Assets, and Special Items
As of June 30, 2010, the beginning net assets for the following activities was restated as follows (amounts in thousands):
| Balance | Balance | ||
|---|---|---|---|
| 6-30-09 | 6-30-09 | ||
| Previously | as | ||
| Reported | Reclassification | Restated | |
| Governmental Activities: | |||
| Capital Assets | $11,075,553 | $(881,193) | $10,194,360 |
| Net Assets of Governmental Activites | $(9,569,189) | $(881,193) | $(10,450,382) |
The beginning net asset balance of governmental activities was adjusted to correct a net overstatement in the balance of capital assets (mainly land) reported last year.
As of June 30, 2010, the government-wide statement of net assets reported $3,041 of restricted net assets, of which $478 million was restricted by enabling legislation.
Special Items
Special items are significant transactions within the control of management
that are either unusual in nature or infrequent in occurrence. During the fiscal
year, the state legislature mandated the transfer of funds from certain
governmental and enterprise funds to the General and Transportation funds to
help reduce budget deficits of these funds. In the Statement of Activities, only
the transfers from enterprise funds to the General fund are reported.