| Changes in Net Assets | |||||||||
| Last Nine Fiscal Years | |||||||||
| (Expressed in Thousands) | |||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Expenses | |||||||||
| Governmental Activities: | |||||||||
| Legislative | $80,212 | $80,176 | $89,532 | $91,037 | $96,622 | $97,492 | $111,910 | $105,959 | $105,777 |
| General Government | 1,339,982 | 1,145,613 | 1,100,700 | 1,288,231 | 1,352,908 | 1,731,215 | 1,737,917 | 1,815,805 | 1,566,680 |
| Regulation and Protection | 627,352 | 574,674 | 590,377 | 633,466 | 712,061 | 702,467 | 788,419 | 800,334 | 795,602 |
| Conservation and Development | 434,356 | 410,167 | 448,077 | 424,125 | 396,296 | 429,057 | 473,797 | 585,295 | 548,903 |
| Health and Hospital | 1,664,152 | 1,711,076 | 1,683,465 | 1,801,346 | 1,922,583 | 2,003,994 | 2,298,272 | 2,376,451 | 2,442,886 |
| Transportation | 1,366,108 | 941,257 | 1,153,888 | 1,183,961 | 1,090,504 | 1,150,770 | 1,482,250 | 1,640,480 | 1,739,689 |
| Human Services | 3,882,711 | 4,138,932 | 4,630,154 | 4,535,915 | 4,941,454 | 4,828,418 | 5,743,810 | 6,483,338 | 6,829,881 |
| Education, Libraries, and Museums | 3,000,315 | 3,090,630 | 3,174,305 | 3,408,288 | 3,888,711 | 4,008,903 | 4,749,284 | 4,789,856 | 4,920,319 |
| Corrections | 1,355,142 | 1,450,392 | 1,579,043 | 1,675,965 | 1,768,368 | 1,836,147 | 2,085,053 | 2,155,210 | 2,081,863 |
| Judicial | 538,368 | 555,791 | 546,163 | 649,666 | 654,894 | 694,442 | 806,309 | 826,931 | 827,758 |
| Interest and Fiscal Charges | 592,490 | 595,949 | 577,448 | 612,115 | 619,730 | 635,113 | 733,791 | 810,403 | 792,950 |
| Total Governmental Activities Expenses | 14,881,188 | 14,694,657 | 15,573,152 | 16,304,115 | 17,444,131 | 18,118,018 | 21,010,812 | 22,390,062 | 22,652,308 |
| Business-Type Activities: | |||||||||
| Higher Education | 1,869,875 | 1,977,886 | - | - | - | - | - | - | - |
| University of Connecticut and Health Center | - | - | 1,254,402 | 1,386,327 | 1,464,055 | 1,519,026 | 1,626,532 | 1,725,343 | 1,703,104 |
| State Universities | - | - | 469,712 | 506,993 | 536,026 | 571,006 | 610,851 | 639,397 | 649,630 |
| Bradley International Airport | 50,455 | 54,323 | 59,338 | 61,559 | 62,625 | 67,244 | 67,635 | 67,995 | 69,471 |
| CT Lottery Corporation | 672,118 | 643,214 | 656,716 | 691,163 | 709,591 | 698,628 | 731,851 | 723,249 | 723,572 |
| Employment Security | 736,261 | 963,201 | 811,483 | 580,549 | 572,602 | 585,803 | 631,935 | 1,573,806 | 2,700,797 |
| Second Injury and Compensation Assurance | 61,235 | - | - | - | - | - | - | - | - |
| Clean Water | 30,903 | 29,435 | 24,759 | 27,740 | 26,076 | 30,183 | 27,181 | 30,723 | 52,761 |
| Other | 19,186 | 72,633 | 36,1367 | 405,423 | 419,074 | 432,129 | 476,040 | 511,542 | 526,974 |
| Total Business-Type Activities Expenses | 3,440,033 | 3,740,692 | 3,637,777 | 3,659,754 | 3,790,049 | 3,904,019 | 4,172,025 | 5,272,055 | 6,426,309 |
| Total Primary Government Expenses | $18,321,221 | $18,435,349 | $19,210,929 | $19,963,869 | $21,234,180 | $22,022,037 | $25,182,837 | $27,662,117 | $29,078,617 |
| Program Revenues | |||||||||
| Governmental Activities: | |||||||||
| Charges for Services, Fees, Fines, and Forfeitures | $942,871 | $1,072,932 | $1,253,672 | $1,316,668 | $1,379,061 | $1,317,480 | $1,447,573 | $1,490,271 | $1,522,375 |
| Operating Grants and Contributions | 3,320,099 | 3,489,213 | 3,850,132 | 3,809,577 | 4,034,673 | 3,974,468 | 4,271,504 | 5,552,688 | 6,113,086 |
| Capital Grants and Contributions | 509,112 | 562,613 | 543,805 | 335,256 | 541,875 | 411,516 | 442,310 | 646,416 | 765,837 |
| Total Governmental Activities Program Revenues | 4,772,082 | 5,124,758 | 5,647,609 | 5,461,501 | 5,955,609 | 5,703,464 | 6,161,387 | 7,689,375 | 8,401,298 |
| Business-Type Activities: | |||||||||
| Charges for Services, Fees, Fines, and Forfeitures | 2,409,648 | 2,594,766 | 2,935,955 | 2,863,023 | 2,900,105 | 2,919,722 | 2,999,934 | 3,107,849 | 3,223,148 |
| Operating Grants and Contributions | 447,706 | 456,239 | 227,674 | 262,015 | 277,357 | 296,851 | 322,936 | 907,050 | 1,885,115 |
| Capital Grants and Contributions | 37,837 | 10,195 | 9,339 | 86,684 | 80,082 | 13,735 | 35,922 | 63,757 | 17,536 |
| Total Business-Type Activities Program Revenues | 2,895,191 | 3,061,200 | 3,172,968 | 3,211,722 | 3,257,544 | 3,230,308 | 3,358,792 | 4,078,656 | 5,125,799 |
| Total Primary Government Program Revenues | $7,667,273 | $8,185,958 | $8,820,577 | $8,673,223 | $9,213,153 | $8,933,772 | $9,520,179 | $11,768,031 | $13,527,097 |
| Net (Expense)/Revenue | |||||||||
| Governmental Activities | $(10,109,106) | $(9,569,899) | $(9,925,543) | $(10,842,614) | $(11,488,522) | $(12,414,554) | $(14,849,425) | $(14,700,687) | $(14,251,010) |
| Business-Type Activities | (544,842) | (679,492) | (464,809) | (448,032) | (532,505) | (673,711) | (813,233) | (1,193,399) | (1,300,510) |
| Total Primary Government Net Expense | $(10,653,948) | $(10,249,391) | $(10,390,352) | $(11,290,646) | $(12,021,027) | $(13,088,265) | $(15,662,658) | $(15,894,086) | $(15,551,520) |
| General Revenues and Other Changes in Net Assets | |||||||||
| Governmental Activities: | |||||||||
| Taxes: | |||||||||
| Personal Income | $3,680,434 | $3,593,080 | $4,392,403 | $4,983,163 | $5,625,882 | $6,270,806 | $6,588,233 | $5,657,309 | $5,773,609 |
| Corporate Income | 197,245 | 390,012 | 473,505 | 538,834 | 655,607 | 831,688 | 548,539 | 437,444 | 465,980 |
| Sales and Use | 2,933,268 | 2,938,341 | 3,061,423 | 3,278,902 | 3,382,118 | 3,509,164 | 3,537,911 | 3,301,096 | 3,150,203 |
| Other | 948,369 | 1,208,083 | 1,274,149 | 1,487,321 | 1,608,235 | 1,513,855 | 1,544,801 | 1,407,084 | 1,455,628 |
| Restricted for Transportation Purposes: | |||||||||
| Motor Fuel | 424,037 | 450,696 | 470,001 | 482,476 | 515,013 | 609,427 | 487,568 | 492,566 | 494,222 |
| Other | 109,272 | 64,524 | 70,411 | 69,720 | 68,418 | 67,888 | 192,663 | 196,034 | 209,684 |
| Casino Gaming Payments | 368,954 | 387,255 | 402,733 | 417,838 | 427,527 | 430,476 | 411,411 | 377,805 | 384,248 |
| Tobacco Settlement | 139,968 | 137,915 | 116,578 | 118,321 | 108,619 | 113,691 | 141,348 | 153,819 | 128,977 |
| Unrestricted Investment Earnings | 84,684 | 54,741 | 18,350 | 69,332 | 104,911 | 165,472 | 131,915 | 42,493 | 27,681 |
| Other | - | 15,855 | - | - | - | - | - | - | - |
| Special Items: | |||||||||
| Statutory Payment from Component Units | - | 100,000 | 17,500 | 15,000 | - | - | - | 13,150 | - |
| Other | - | 127,256 | (174,760) | (165,412) | - | - | - | - | 21,000 |
| Transfers-Internal Activities | (657,037) | (640,268) | (417,062) | (692,499) | (711,657) | (865,548) | (779,256) | (873,590) | (1,061,862) |
| Total Governmental Activities | 8,229,194 | 8,827,490 | 9,705,231 | 10,602,996 | 11,784,673 | 12,646,919 | 12,805,133 | 11,205,210 | 11,049,370 |
| Business-Type Activities | |||||||||
| Unrestricted Investment Earnings | 89,388 | 111,336 | 90,486 | 93,879 | 113,387 | 129,317 | 117,360 | 75,933 | 40,339 |
| Special Items: | |||||||||
| Loss on Disposal of Capital Assets | (4,499) | - | (4,190) | - | - | - | - | - | - |
| Other | - | (2,455) | - | - | - | - | - | - | (21,000) |
| Extraordinary Item-Loss on Early Retirement of Debt | - | (4,010) | (1,983) | - | - | - | - | - | - |
| Debt Reduction Transfer | - | - | - | - | - | - | - | (85,000) | - |
| Transfers-Internal Activities | 657,037 | 640,268 | 417,062 | 498,499 | 711,657 | 865,548 | 779,256 | 873,590 | 1,061,862 |
| Total Business-Type Activities | 741,926 | 745,139 | 501,375 | 592,378 | 825,044 | 994,865 | 896,616 | 1,034,523 | 1,081,201 |
| Total Primary Government | $8,971,120 | $9,572,629 | $10,206,606 | $11,195,374 | $12,609,717 | $13,641,784 | $13,701,749 | $12,239,733 | $12,130,571 |
| Changes in Net Assets | |||||||||
| Governmental Activities | $(1,879,912) | $(742,409) | $(220,312) | $(239,618) | $296,151 | $232,365 | $(2,044,292) | $(3,495,477) | $(3,201,640) |
| Business-Type Activities | 197,084 | 65,647 | 36,566 | 144,346 | 292,539 | 321,154 | 83,383 | (158,876) | (219,309) |
| Total Primary Government | $(1,682,828) | $(676,762) | $(183,746) | $(95,272) | $588,690 | $553,519 | $(1,960,909) | $(3,654,353) | $(3,420,949) |
| Other Changes in Net Assets | |||||||||
| Governmental Activities: | |||||||||
| Prior-Year Adjustments | $ - | $12,384 | $100,104 | $289,253 | $18,470 | $ - | $ - | $(66,976) | $(881,193) |
| Fund Reclassification | - | - | 269,34 | - | - | - | - | - | - |
| Total Governmental Activities | - | 12,384 | 127,038 | 289,253 | 18,470 | - | - | (66,976) | (881,193) |
| Business-Type Activities: | |||||||||
| Prior-Year Adjustments | - | 9,392 | (9,750) | - | - | 11,195 | - | (21,652) | - |
| Fund Reclassification | - | - | (241,971) | - | - | - | - | - | - |
| Change in Reporting Period | - | - | - | 194,336 | - | - | - | - | - |
| Total Business-Type Activities | - | 9,392 | (251,721) | 194336 | - | 11,195 | - | (21,652) | - |
| Total Primary Government | $ - | $21,776 | $(124,683) | 483589 | $18,470 | $11,195 | $ - | $(88,628) | $(881,193) |
Notes: The State did not begin reporting government-wide statements
until it implemented GASB Statement 34 in fiscal year 2002.
In January 2003 there was an increase in the personal income tax rate of one
half percent.
In fiscal year 2004 the Higher Education line was reclassified to display
more details about these activities.
Other changes in net assets are direct adjustments to the beginning balance
of net assets (See Note 21).