Reconciliation of Governmental Funds Balance Sheet | ||||
---|---|---|---|---|
to the Statement of Net Position | ||||
June 30, 2014 | ||||
(Expressed in Thousands) | ||||
Total Fund Balance - Governmental Funds | $2,097,123 | |||
Net assets reported for governmental activities in the Statement of Net Position | ||||
are different because: | ||||
Capital assets used in governmental activities are not financial resources | ||||
and therefore are not reported in the funds. These assets consist of: | ||||
Buildings | 4,005,719 | |||
Equipment | 2,411,928 | |||
Infrastructure | 13,824,648 | |||
Other Capital Assets | 5,594,096 | |||
Accumulated Depreciation | (13,347,668) | 12,488,723 | ||
Some of the state's revenues will be collected after year-end but are not | ||||
available soon enough to pay for the current period's expenditures and | ||||
therefore are deferred inflows of resources in the governmental funds. | 485,358 | |||
Internal service funds are used by management to charge the costs of | ||||
certain activities to individual funds. The assets and liabilities of the internal | ||||
service funds are included in governmental activities in the Statement of | ||||
Net Position. | 50,686 | |||
Deferred outflows of resources for the amount on refunding of bonded debt are | ||||
not reported in the governmental funds. | 90,523 | |||
Long-term liabilities are not due and payable in the current period and therefore | ||||
are not reported in the funds (Note 17). | ||||
Net Pension Obligation | (2,681,248) | |||
Net OPEB Obligation | (7,763,060) | |||
Worker's Compensation | (619,578) | |||
Capital Leases | (37,820) | |||
Compensated Absences | (511,766) | |||
Claims and Judgments | (46,151) | |||
Landfill Postclosure Care | (35,751) | (11,695,374) | ||
Long-term bonded debt is not due and payable in the current period and | ||||
therefore is not reported in the funds. Unamortized premiums, loss on | ||||
refundings, and interest payable are not reported in the funds. However, | ||||
these amounts are included in the Statement of Net Position. This is the net | ||||
effect of these balances on the statement (Note 17). | ||||
Bonds and Notes Payable | (19,633,614) | |||
Unamortized Premiums | (1,195,127) | |||
Accrued Interest Payable | (180,730) | (21,009,471) | ||
Net Position of Governmental Activities | $(17,492,432) |
The accompanying notes are an integral part of the financial statements.