Changes in Net Assets Statistical Section Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2014


Changes in Net Position
Last Ten Fiscal Years
(Expressed in Thousands)
  2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Expenses
Governmental Activities:
Legislative $91,037 $96,622 $97,492 $111,910 $101,695 $105,870 $99,542 $113,982 $106,349 $122,679
General Government 1,288,231 1,352,908 1,731,215 1,737,917 1,752,751 1,565,653 1,508,994 1,987,920 2,036,173 2,060,294
Regulation and Protection 633,466 712,061 702,467 788,419 768,272 796,124 780,363 853,458 868,187 905,310
Conservation and Development 424,125 396,296 429,057 473,797 562,507 565,836 529,292 692,719 665,365 997,092
Health and Hospital 1,801,346 1,922,583 2,003,994 2,298,272 2,278,059 2,443,119 2,300,369 2,475,759 2,540,349 2,623,687
Transportation 1,183,961 1,090,504 1,150,770 1,482,250 1,570,324 1,742,009 1,637,847 1,845,656 1,572,755 1,985,288
Human Services 4,535,915 4,941,454 4,828,418 5,743,810 6,208,275 6,829,916 6,675,895 7,223,118 7,471,625 8,272,895
Education, Libraries, and Museums 3,408,288 3,888,711 4,008,903 4,749,284 4,591,672 4,920,983 4,463,129 4,495,905 4,490,144 4,760,340
Corrections 1,675,965 1,768,368 1,836,147 2,085,053 2,071,331 2,082,743 1,932,375 2,061,176 1,976,657 2,142,788
Judicial 649,666 654,894 694,442 806,309 793,580 828,128 828,124 910,362 893,860 1,004,610
Interest and Fiscal Charges 612,115 619,730 635,113 733,791 810,403 792,950 873,847 816,508 779,515 922,110
Total Governmental Activities Expenses 16,304,115 17,444,131 18,118,018 21,010,812 21,508,869 22,673,331 21,629,777 23,476,563 23,400,979 25,797,093
Business-Type Activities:
University of Connecticut and Health Center 1,386,327 1,464,055 1,519,026 1,626,532 1,725,343 1,703,104 1,806,815 1,801,687 1,872,131 2,050,529
State Universities 506,993 536,026 571,006 610,851 639,397 649,630 651,513 652,092 666,417 716,459
Connecticut Community Colleges 325,413 343,191 363,548 407,422 446,451 448,961 480,985 477,494 488,496 514,565
Employment Security 580,549 572,602 585,803 631,935 1,573,806 2,700,797 2,306,715 1,823,464 1,514,674 1,059,631
Clean Water 27,740 26,076 30,183 27,181 30,723 52,761 45,473 53,330 50,194 39,841
Other 80,010 75,883 68,581 68,618 65,091 78,013 61,199 58,152 58,989 72,674
Total Business-Type Activities Expenses 2,907,032 3,017,833 3,138,147 3,372,539 4,480,811 5,633,266 5,352,700 4,866,219 4,650,901 4,453,699
Total Primary Government Expenses $19,211,147 $20,461,964 $21,256,165 $24,383,351 $25,989,680 $28,306,597 $26,982,477 $28,342,782 $28,051,880 $30,250,792
Program Revenues
Governmental Activities:
Charges for Services, Fees, Fines, and Forfeitures $1,316,668 $1,379,061 $1,317,480 $1,447,573 $1,490,271 $1,522,375 $1,647,311 $1,952,042 $1,575,556 $1,726,200
Operating Grants and Contributions 3,809,577 4,034,673 3,974,468 4,271,504 5,552,688 6,113,086 6,350,067 5,770,935 5,992,403 6,496,625
Capital Grants and Contributions 335,256 541,875 411,516 442,310 646,416 765,837 725,080 716,056 767,793 610,274
Total Governmental Activities Program Revenues 5,461,501 5,955,609 5,703,464 6,161,387 7,689,375 8,401,298 8,722,458 8,439,033 8,335,752 8,833,099
Business-Type Activities:
Charges for Services, Fees, Fines, and Forfeitures 1,873,631 1,875,344 1,907,265 1,943,772 2,062,643 2,170,823 2,336,105 2,471,871 2,484,561 2,546,840
Operating Grants and Contributions 262,015 277,357 296,851 322,936 907,050 1,885,115 1,789,697 1,412,355 1,172,820 780,137
Capital Grants and Contributions 86,016 78,043 10,199 32,167 53,351 7,386 34,098 12,328 51,614 27,807
Total Business-Type Activities Program Revenues 2,221,662 2,230,744 2,214,315 2,298,875 3,023,044 4,063,324 4,159,900 3,896,554 3,708,995 3,354,784
Total Primary Government Program Revenues $7,683,163 $8,186,353 $7,917,779 $8,460,262 $10,712,419 $12,464,622 $12,882,358 $12,335,587 $12,044,747 $12,187,883
Net (Expense)/Revenue
Governmental Activities $(10,842,614) $(11,488,522) $(12,414,554) $(14,849,425) $(13,819,494) $(14,272,033) $(12,907,319) $(15,037,530) $(15,065,227) $(16,963,994)
Business-Type Activities (685,370) (787,089) (923,832) (1,073,664) (1,457,767) (1,569,942) (1,192,800) (969,665) (941,906) (1,098,915)
Total Primary Government Net Expense $(11,527,984) $(12,275,611) $(13,338,386) $(15,923,089) $(15,277,261) $(15,841,975) $(14,100,119) $(16,007,195) $(16,007,133) $(18,062,909)

 

Note: In fiscal year 2014, the Connecticut Lottery Corporation, a major Enterprise fund, was reclassified as a major component unit.
Business-type activities for the fiscal years prior to 2014, discussed in this and the next page, have been restated to reflect this change.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Personal Income 4,983,163 5,625,882 6,270,806 6,588,233 5,657,309 5,773,609 6,327,263 7,360,165 7,743,804 7,752,553
Corporate Income 538,834 655,607 831,688 548,539 437,444 465,980 726,090 601,509 558,287 627,100
Sales and Use 3,278,902 3,382,118 3,509,164 3,537,911 3,301,096 3,150,203 3,365,250 3,880,607 3,953,768 4,116,012
Other 1,487,321 1,608,235 1,513,855 1,544,801 1,407,084 1,455,628 1,655,594 1953170 2327754 1,796,678
Restricted for Transportation Purposes:
Motor Fuel 482,476 515,013 609,427 487,568 492,566 494,222 477,411 713,477 693,444 882,107
Other 69,720 68,418 67,888 192,663 196,034 209,684 237,242 76,618 79,000 82,216
Casino Gaming Payments 417,838 427,527 430,476 411,411 377,805 384,248 359,582 344,645 296,396 279,873
Tobacco Settlement 118,321 108,619 113,691 141,348 153,819 128,77 121,422 123,799 123,745 197,138
Lottery Tickets 268,515 284,865 279,000 283,000 283,000 285,500 289,300 310,000 312,100 319,500
Unrestricted Investment Earnings 69,332 104,911 165,472 131,915 42,493 27,681 18,434 15,955 3,942 27,313
Special Items:
Statutory Payment from Component Units 15,000 - - - 13,150 - - - - 31,000
Other (165,412) - - - - 21,000 - - - -
Transfers-Internal Activities (961,014) (996,522) (1,144,548) (1,062,256) (1,156,590) (1,347,362) (1,080,151) (1,227,570) (1,088,125) (1,547,952)
Total Governmental Activities 10,602,996 11,784,673 12,646,919 12,805,133 11,205,210 11,049,370 12,497,437 14,152,375 15,004,115 14,563,538
Business-Type Activities
Unrestricted Investment Earnings 67,271 89,553 107,976 98,787 60,759 27,468 20,483 18,141 16,742 12,948
Special Items:
Loss on Disposal of Capital Assets - - - - - - - - - -
Other - - - - - (21,000) - - - -
Extraordinary Item-Loss to Early Retire Debt - - - - - - - - - -
Debt Reduction Transfer - - - - 85,000 - - - - -
Transfers-Internal Activities 767,014 996,522 1,144,548 1,062,256 1,156,590 1,347,362 1,080,151 1,227,570 1,088,125 1,547,952
Total Business-Type Activities 834,285 1,086,075 1,252,524 1,161,043 1,302,349 1,353,830 1,100,634 1,245,711 1,104,867 1,560,900
Total Primary Government 11,437,281 12,870,748 13,899,443 13,966,176 12,507,559 12,403,200 13,598,071 15,398,086 16,108,982 16,124,438
Changes in Net Position
Governmental Activities (239,618) 296,151 232,365 (2,044,292) (2,614,284) (3,222,663) (409,882) (885,155) (61,112) (2,400,456)
Business-Type Activities 148,915 298,986 328,692 87,379 (155,418) (216,112) (92,166) 276,046 162,961 461,985
Total Primary Government (90,703) 595,137 561,057 (1,956,913) (2,769,702) (3,438,775) (502,048) (609,109) 101,849 (1,938,471)
Other Changes in Net Position
Governmental Activities:
Prior-Year Adjustments 289,253 18,470 - - (66,976) -881,193 33,217 (95,999) - -
Fund Reclassification - - - - - - - - - -
Total Governmental Activities 289,253 18,470 - - (66,976) -881,193 33,217 (95,999) - -
Business-Type Activities:
Prior-Year Adjustments - - (11,195) - (21,652) - - - - -
Fund Reclassification - - - - - - - - - -
Change in Reporting Period 194,336 - - - - - - - - -
Total Business-Type Activities 194,336 - (11,195) - (21,652) - - - - -
Total Primary Government 483,589 18,470 (11,195) - (88,628) (881,193) 33,217 (95,999) - -

 

Notes: In fiscal year 2012 the sales tax increased from 6.00% to 6.35%. Starting in fiscal year 2013, due to the change in fund classification reported on the previous page, lottery ticket sales were reported as general revenue, rather than as "transfers-internal activities" under the governmental activities section reported above.
Transfers-internal activities for fiscal years prior to 2013 have been restated to reflect this change. Other changes in Net Position are direct adjustments to the beginning balance of Net Position (See Note 23).

Statistical Section | Table of Contents | Index of Comptroller's Reports | Comptroller's Home Page