GENERAL FUND
STATE OF CONNECTICUT GENERAL FUND BALANCE SHEET |
EXHIBIT B |
---|---|
June 30, 2016 | |
Assets | |
Cash and Short Term Investments | $ - |
Accrued Taxes Receivable | $1,348,096,000 |
Accrued Accounts Receivable | 20,348,000 |
Loans Receivable | 3,418,879 |
Total Assets | $1,371,862,879 |
Liabilities, Reserves, Fund Balance, and Surplus | |
Liabilities | |
Deficiency in Cash and Short Term Investments | $765,570,326 |
Accounts Payable | 558,835,377 |
Due To Other Funds - Year End Adjustments | 998,580 |
Total Liabilities | 1,325,404,283 |
Reserves | |
Petty Cash Funds | 797,770 |
Transfer from Budget Reserve Fund | (170,418,432) |
Statutory Surplus Reserves for Fiscal Year 2015-2016 | - |
Appropriations Continued to Fiscal Year 2016-2017 | 96,558,684 |
Reserve for Receivables | 3,418,879 |
Total Reserves | (69,643,099) |
Fund Balance Related To Statutory GAAP Budgeting | |
Amortization Payments (Note 1) | 47,580,846 |
GAAP Conversion Bonds | 598,500,000 |
Fund Balance Due to Change in Accounting Method (FY2014) | (529,979,151) |
Total Fund Balance | 116,101,695 |
Unappropriated Surplus (Deficit) - Schedule B-1 | - |
Total Liabilities, Reserves, Fund Balance, and Surplus | $1,371,862,879 |
Note 1: In accordance with PA13-247, Sec. 235, the unassigned fund balance reported in the CAFR for the fiscal year ending on June 30, 2013 as reduced by the GAAP deficit reduction bond proceeds (amounting to anunassigned GAAP fund balance of $618,551,000), shall be amortized in equal installment payments over an eleven year period commencing in fiscal year 2018. This amount represents the first payment.