State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1998 General Purpose Financial Statements - All Governmental Fund Types and Expendable Trust Funds

State of Connecticut

Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances
All Governmental Fund Types and Expendable Trust Funds
For The Fiscal Year Ended June 30, 1998
(Expressed in Thousands)
Fiduciary
Governmental Fund Types Fund Type
Total
Special Debt Capital Expendable (Memorandum
General Revenue Service Projects Trust only)
Revenues:
Taxes $ 7,584,919 $ 545,339 $ - $ - $ 618,778 $ 8,749,036
Licenses, Permits and Fees 123,192 348,804 - - - 471,996
Intergovernmental 2,646,342 207,458 - 320,042 - 3,173,842
Charges for Services 287,182 25,727 - - - 312,909
Fines, Forfeits and Rents 33,947 1,072 - - - 35,019
Health Insurance Contributions - - - - 27,308 27,308
Investment Earnings 52,812 17,066 36,162 - 54,969 161,009
Assessments - - - - 252,362 252,362
Miscellaneous 117,288 56,361 - 724 903 175,276
Total Revenues 10,845,682 1,201,827 36,162 320,766 954,320 13,358,757
Expenditures:
Current:
Legislative 54,860 38 - - - 54,898
General Government 600,243 183,622 - - 9,481 793,346
Regulation and Protection 121,342 296,195 - - 537,358 954,895
Conservation and Development 81,344 181,983 - - - 263,327
Health and Hospitals 952,016 3,643 - - - 955,659
Transportation - 342,637 - - - 342,637
Human Services 3,541,192 12,673 - - - 3,553,865
Education, Libraries and Museums 1,879,329 184,930 - - - 2,064,259
Health Insurance Payments - - - - 31,605 31,605
Corrections 931,791 3,591 - - - 935,382
Judicial 310,438 10,289 - - - 320,727
Federal and Other Grants 681,407 98,263 - - - 779,670
Capital Projects - - - 687,055 - 687,055
Debt Service:
Principal Retirement 494,012 86,156 230,800 - 158,690 969,658
Interest and Fiscal Charges 283,635 47,492 176,170 - 44,218 551,515
Total Expenditures 9,931,609 1,451,512 406,970 687,055 781,352 13,258,498
Excess (Deficiency) of Revenues Over Expenditures 914,073 (249,685) (370,808) (366,289) 172,968 100,259
Other Financing Sources (Uses):
Proceeds from Sale of Bonds and Notes - 417,331 12,182 309,510 80,000 819,023
Operating Transfers In 266,719 222,751 410,141 - 17,200 916,811
Operating Transfers Out (791,422) (355,293) (32,627) (178,215) (21,757) (1,379,314)
Capital Lease Obligations 1,388 2,167 - 3 - 3,558
Proceeds of Refunding Bonds - - 561,149 - - 561,149
Payment to Refunded Bond Escrow Agent - - (558,350) - - (558,350)
Total Other Financing Sources (Uses) (523,315) 286,956 392,495 131,298 75,443 362,877
Excess (Deficiency) of Revenues and Other
Sources Over Expenditures and Other Uses 390,758 37,271 21,687 (234,991) 248,411 463,136
Fund Balances (deficit) - July 1 (as restated) 51,750 858,639 476,731 310,512 689,812 2,387,444
Equity Transfer to Component Units Contributed Capital - (2,325) - - - (2,325)
Changes in Reserves for Inventories 1,619 443 - - - 2,062
Fund Balances (deficit) - June 30 $ 444,127 $ 894,028 $ 498,418 $ 75,521 $ 938,223 $ 2,850,317
The accompanying notes are an integral part of the financial statements.

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