2011 - Division of Administration - Louisiana

State of LouisianaReconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets(Expressed in Thousands)Total Fund Balances - Governmental Funds $ 8,169,426Amounts reported for governmental activities in the Statement ofNet Assets are different due to the following:Capital assets used in governmental activities are not financial resources and are notreported in the fund financial statements. These assets consist of the following:Land $ 2,225,426Buildings and Improvements 2,391,936Machinery and Equipment 763,420Infrastructure 21,893,576Intangible Assets 98,424Construction in Progress 3,625,468Accumulated Depreciation and Amortization (15,865,236) 15,133,014Net assets of the Internal Service Funds are reported separately in the proprietaryfunds, but are consolidated for the government-wide statements. 42,211Commodities inventory is not reported in the funds. Ending inventory must be reportedon the government-wide statements. 1,010Bonds issued by the State have associated costs that are paid from current availablefinancial resources in the funds. These costs are deferred on the Statement of NetAssets. 43,945The annual required contributions of certain pension trust funds have been underfunded,creating a year-end liability, which is not reported in the funds. (119,075)The other postemployment benefits (OPEB) annual required contributions of certaingovernmental funds have been under-funded, creating a year-end liability, which is notreported in the funds. (1,956,845)The pollution remediation obligations established under GASB 49 represent amountsnot accrued at the fund level because of their long-term nature. (25,930)Some liabilities are not due and payable in the current period and are not reported inthe funds. These liabilities consist of the following:Compensated Absences (213,221)Capital Lease Obligations (2,906)Bonds Payable (6,896,630)Estimated Liabilities for Claims (1,750,784)Accrued Interest Payable (44,172)Derivative Instruments (2,961)Other Liabilities 11,579 (8,899,095)Some of the State's revenues will be collected after year-end but are not availablesoon enough to pay for the current period's expenditures and are deferred or notreported in the funds. Those revenues consist of the following:Accounts Receivable 431,780Due From Federal Government 473,617Deferred Revenues 686,489Other Assets (2,471)Prepayments 473 1,589,888Some payables do not meet the criteria for reporting under the modified accrual basisof accounting and are not reported in the fund level statements. (449,020)Net Assets of Governmental Activities $ 13,529,529The notes to the financial statements are an integral part of this statement.- 32 -