CAFR - Basic Financial Statements

State of Washington

Basic Financial Statements

Government-wide Financial Statements

37 Basic Financial Statements

State of Washington

Statement of Net Position

June 30, 2017 (expressed in thousands)

ASSETS AND DEFERRED OUTFLOWS OF RESOURCES ASSETS Cash and cash equivalents Taxes receivable (net of allowance for uncollectibles) Other receivables (net of allowance for uncollectibles) Internal balances Due from other governments Inventories and prepaids Restricted cash and investments Restricted receivables, current Investments, noncurrent Restricted investments, noncurrent Restricted receivables, noncurrent Restricted net pension asset Other assets Capital assets:

Non-depreciable assets Depreciable assets (net of accumulated depreciation) Total capital assets Total Assets

DEFERRED OUTFLOWS OF RESOURCES Deferred outflows on hedging derivatives Deferred outflows on refundings Deferred outflows on pensions Total Deferred Outflows of Resources

Governmental Activities

Primary Government Business-Type Activities

$

7,883,566 $

6,286,576 $

3,886,584

-

2,749,484

1,649,138

210,852

(210,852)

3,972,568

129,645

115,963

61,680

350,130

27,908

81,498

42,901

5,912,893

18,214,959

-

55,371

-

901

1,132,002

234

-

276,011

28,680,336 11,832,665 40,513,001 66,808,541

289,799 2,818,238 3,108,037 29,642,509

373 4,844 1,314,548 1,319,765

39,519 157,913 197,432

Total Assets and Deferred Outflows of Resources

$

68,128,306 $

29,839,941 $

The notes to the financial statements are an integral part of this statement.

Total

14,170,142 3,886,584 4,398,622 4,102,213 177,643 378,038 124,399

24,127,852 55,371 901

1,132,236 276,011

28,970,135 14,650,903 43,621,038 96,451,050

373 44,363 1,472,461 1,517,197

97,968,247

Continued

Component Units

$

242,419

-

96,938

-

-

19,174

-

-

77,111

18,600

-

-

231,964

77,868 559,772 637,640 1,323,846

3,548 3,548

$ 1,327,394

38 Basic Financial Statements

State of Washington

Statement of Net Position

June 30, 2017 (expressed in thousands)

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION LIABILITIES Accounts payable Contracts payable Accrued liabilities Obligations under security lending agreements Due to other governments Unearned revenues Long-term liabilities:

Due within one year Due in more than one year Total Liabilities

DEFERRED INFLOWS OF RESOURCES Deferred inflows on refundings Deferred inflows on pensions Deferred inflows on property taxes Total Deferred Inflows of Resources

NET POSITION Net investment in capital assets Restricted for:

Unemployment compensation Nonexpendable permanent endowments Expendable endowment funds Pensions Wildlife and natural resources Transportation Budget stabilization Higher education Other purposes Unrestricted Total Net Position

Governmental Activities

Primary Government Business-Type Activities

$

1,601,499 $

84,325

2,205,723

116,397

1,548,955

419,465

235,917 $ 18,543

580,959 142,719

48,459 63,419

1,798,522 32,728,585 40,503,471

2,422,680 29,719,458 33,232,154

147 235,286

235,433

9 9,298

9,307

21,047,954

2,586,760 1,387,345 1,132,002 1,040,971

991,845 1,638,335

125,251 815,514 (3,376,575) 27,389,402

750,923

4,581,264 -

234 -

(8,733,941) (3,401,520)

Total Liabilities, Deferred Inflows of Resources, and Net Position

$ 68,128,306 $

The notes to the financial statements are an integral part of this statement.

29,839,941 $

Total

Concluded

Component Units

1,837,416 $ 102,868

2,786,682 259,116

1,597,414 482,884

4,221,202 62,448,043 73,735,625

67,793 -

96,823 -

9,131

10,368 312,139 496,254

156 244,584

244,740

908 42,717 43,625

21,798,877

4,581,264 2,586,760 1,387,345 1,132,236 1,040,971

991,845 1,638,335

125,251 815,514 (12,110,516) 23,987,882

332,885

8,626 446,004 787,515

97,968,247 $ 1,327,394

39 Basic Financial Statements

State of Washington

Statement of Activities

For the Fiscal Year Ended June 30, 2017 (expressed in thousands)

Functions/Programs

PRIMARY GOVERNMENT Governmental Activities:

General government Education - K-12 education Education - higher education Human services Adult corrections Natural resources and recreation Tra ns porta ti on Interest on long-term debt

Total Governmental Activities Business-Type Activities:

Workers' compensation Unemployment compensation Higher education student services Washington's lottery Guaranteed education tuition program Other

Total Business-Type Activities Total Primary Government

Expenses

Charges for Services

Program Revenues Operating Grants and Contributions

Capital Grants and Contributions

$ 1,944,933 11,041,527 7,633,420 18,215,949 1,061,998 1,266,023 2,118,483 1,026,863 44,309,196

3,269,451 1,027,266 3,021,763

519,943 305,573 190,003 8,333,999 $ 52,643,195

$ 887,206 23,291

2,807,478 1,079,616

8,518 523,769 1,313,231

6,643,109

2,779,548 994,085

2,870,609 676,046 29,329 174,961

7,524,578 $ 14,167,687

$ 240,747 1,100,824 2,345,974

11,705,151 3,622

189,515 246,544

15,832,377

9,075 36,955 18,225

448 64,703 $ 15,897,080

$

4,607

-

63,260

25,444

-

36,599

881,636

-

1,011,546

5,314 5,314 $ 1,016,860

COMPONENT UNITS Total Component Units

$

727,094

$

721,629

$

12,577

$

-

$

727,094

$

721,629

$

12,577

$

-

General Revenues: Taxes, net of related credits: Sales and use Business and occupation Property Motor vehicle and fuel Excise Cigarette and tobacco Public utilities Insurance premium Other Interest and investment earnings

Total general revenues Excess (deficiency) of revenues over expenses before

contributions to endowments and transfers Contributions to endowments Tra ns fe rs

Change in Net Position Net Position - Beginning, as restated Net Position - Ending

The notes to the financial statements are an integral part of this statement.

40 Basic Financial Statements

State of Washington

Net (Expense) Revenue and

Changes in Net Position

Primary Government

Governmental

Business-Type

Activities

Activities

Total

Component Units

$ (812,373) $ (9,917,412) (2,416,708) (5,405,738) (1,049,858) (516,140) 322,928 (1,026,863)

(20,822,164)

-

$ (812,373)

-

(9,917,412)

-

(2,416,708)

-

(5,405,738)

-

(1,049,858)

-

(516,140)

-

322,928

-

(1,026,863)

-

(20,822,164)

(20,822,164)

(480,828) 3,774

(127,615) 156,103 (276,244) (14,594) (739,404) (739,404)

(480,828) 3,774

(127,615) 156,103 (276,244) (14,594) (739,404) (21,561,568)

$

7,112 7,112

10,362,569 3,861,604 2,097,507 1,679,628 1,461,029 430,022 482,776 603,963 903,844 614,341

22,497,283 1,675,119

21,078 880,476 901,554 162,150

10,362,569 3,861,604 2,097,507 1,679,628 1,482,107 430,022 482,776 603,963 903,844 1,494,817

23,398,837 1,837,269

21,490 290 2,142 23,922 31,034

99,680

-

99,680

-

119,333

(119,330)

3

-

1,894,132

42,820

1,936,952

31,034

25,495,270

(3,444,340)

22,050,930

756,481

$ 27,389,402

$ (3,401,520) $ 23,987,882

$

787,515

41 Basic Financial Statements

State of Washington

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42 Basic Financial Statements

State of Washington

Basic Financial Statements

Fund Financial Statements

43 Basic Financial Statements

State of Washington

ASSETS AND DEFERRED OUTFLOWS OF RESOURCES ASSETS Cash and cash equivalents Investments Taxes receivable (net of allowance) Receivables (net of allowance) Due from other funds Due from other governments Inventories and prepaids Restricted cash and investments Restricted receivables

Total Assets

DEFERRED OUTFLOWS OF RESOURCES Deferred outflows on hedging derivatives

Total Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources

Balance Sheet GOVERNMENTAL FUNDS

June 30, 2017 (expressed in thousands)

General

Higher Education Higher Education

Special Revenue

Endowment

Nonmajor Governmental

Funds

Total

$ 2,814,582 63,023

3,672,482 561,752 387,622

1,067,653 13,412 34,269 39,499

8,654,294

$ 189,375 1,601,430 9,397 1,264,553 344,219 167,930 26,973 9,140 26,126

3,639,143

$ 521,724 3,957,516 47,844 252 -

4,527,336

$ 3,495,951 359,012 204,705 846,484 514,799

2,621,665 47,327 99,428 168

8,189,539

$ 7,021,632 5,980,981 3,886,584 2,720,633 1,246,892 3,857,248 87,712 142,837 65,793

25,010,312

$ 8,654,294

$ 3,639,143

$ 4,527,336

373 373 $ 8,189,912

373 373 $ 25,010,685

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES LIABILITIES Accounts payable Contracts payable Accrued liabilities Obligations under security lending agreements Due to other funds Due to other governments Unearned revenue Claims and judgments payable

Total Liabilities

$ 982,758 31,520

311,480 65,927

322,991 1,101,989

105,157 60,883

2,982,705

$

72,933

3,168

544,471

1,344

55,805

21,887

239,965

-

939,573

$

36,487

3,263

671,935

115

2,818

-

-

-

714,618

$ 458,392 45,297

173,989 44,724

687,696 225,058

69,743 129,952

1,834,851

$ 1,550,570 83,248

1,701,875 112,110

1,069,310 1,348,934

414,865 190,835

6,471,747

DEFERRED INFLOWS OF RESOURCES Unavailable revenue

Total Deferred Inflows of Resources

1,470,497 1,470,497

6,985 6,985

19,736 19,736

147,056 147,056

1,644,274 1,644,274

FUND BALANCES Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance

Total Fund Balances Total Liabilities, Deferred Inflows of Resources, and Fund Balances

42,922 1,658,761

140,905 1,257,952 1,100,552 4,201,092

$ 8,654,294

10,505 62,336 2,601,444 18,300

2,692,585

$ 3,639,143

2,376,534 1,416,448

3,792,982

$ 4,527,336

251,792 2,861,716 3,164,517

(70,020)

6,208,005

2,681,753 5,999,261 5,906,866 1,276,252 1,030,532

16,894,664

$ 8,189,912

$ 25,010,685

The notes to the financial statements are an integral part of this statement.

44

Basic Financial Statements

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