State of Nebraska

COMPREHENSIVE ANNUAL FINANCIAL REPORT

For the Year Ended June 30, 2001

TABLE OF CONTENTS

INTRODUCTORY SECTION Page

Transmittal Letter from the Governor.................................................................................................................................................................... 5

Selected State Officials............................................................................................................................................................................................ 6

Transmittal Letter from the Department of Administrative Services................................................................................................................ 7

Organization Chart.................................................................................................................................................................................................. 16

Certificate of Achievement.................................................................................................................................................................................... 17

FINANCIAL SECTION

Independent Auditors’ Report............................................................................................................................................................................. 20

General Purpose Financial Statements

Combined Balance Sheet – All Fund Types, Account Groups and Discretely

Presented Component Units................................................................................................................................................................. 24

Combined Statement of Revenues, Expenditures, and Changes in

Fund Balances – All Governmental Fund Types and Expendable Trust Funds........................................................................... 27

Combined Statement of Revenues, Expenditures, and Changes in

Fund Balances – Budget and Actual (Budgetary Basis) – General,

Cash, Construction, Federal and Revolving Funds.......................................................................................................................... 28

Combined Statement of Revenues, Expenses, and Changes in

Retained Earnings/Fund Balances – All Proprietary Fund Types and

Nonexpendable Trust Funds................................................................................................................................................................ 31

Combined Statement of Cash Flows – All Proprietary

Fund Types and Nonexpendable Trust Funds.................................................................................................................................. 32

Combining Statement of Plan Net Assets – Pension Trust Funds......................................................................................................... 34

Combining Statement of Changes in Plan Net Assets – Pension Trust Funds.................................................................................... 35

Combining Balance Sheet – Discretely Presented Component

Units – College and University Funds................................................................................................................................................ 36

Combining Statement of Changes in Fund Balances – Discretely Presented

Component Units – College and University Funds.......................................................................................................................... 37

Combining Statement of Current Funds Revenues, Expenditures and Other

Changes – Discretely Presented Component Units – College and University Funds................................................................. 38

Notes to the Financial Statements

Summary of Significant Accounting Policies..................................................................................................................................... 39

Budgetary Process................................................................................................................................................................................. 43

Cash and Cash Equivalents and Investments.................................................................................................................................... 45

Deposits and Investments Portfolio.................................................................................................................................................... 45

Due To/From Other Funds.................................................................................................................................................................... 48

Fixed Assets............................................................................................................................................................................................ 48

Bonds Payable........................................................................................................................................................................................ 48

Lease Commitments................................................................................................................................................................................ 50

General Long-Term Debt....................................................................................................................................................................... 50

Obligations Under Other Financing Arrangements.......................................................................................................................... 50

Contributed Capital................................................................................................................................................................................ 51

Pension Plans.......................................................................................................................................................................................... 51

Contingencies and Commitments......................................................................................................................................................... 53

Risk Management................................................................................................................................................................................... 54

Segment Information.............................................................................................................................................................................. 54

Reservations of Fund Balance.............................................................................................................................................................. 55

Joint Venture........................................................................................................................................................................................... 55

Accounting Changes............................................................................................................................................................................. 55

Pronouncements Issued Not Yet Implemented.................................................................................................................................. 55

TABLE OF CONTENTS (Continued)

FINANCIAL SECTION (Continued)

Combining and Individual Fund Statements and Schedules

Special Revenue Funds

Combining Balance Sheet – All Special Revenue Funds................................................................................................................. 58

Combining Statement of Revenues, Expenditures, and Changes in

Fund Balances – All Special Revenue Funds............................................................................................................................ 60

Enterprise Funds

Combining Balance Sheet – Enterprise Funds................................................................................................................................... 64

Combining Statement of Revenues, Expenses, and Changes in

Retained Earnings – Enterprise Funds........................................................................................................................................ 65

Combining Statement of Cash Flows – Enterprise Funds................................................................................................................ 66

Internal Service Funds

Combining Balance Sheet – Internal Service Funds......................................................................................................................... 68

Combining Statement of Revenues, Expenses, and Changes in

Retained Earnings – Internal Service Funds.............................................................................................................................. 70

Combining Statement of Cash Flows – Internal Service Funds...................................................................................................... 72

Trust and Agency Funds

Combining Balance Sheet – All Trust and Agency Funds.............................................................................................................. 77

Combining Balance Sheet – Expendable Trust Funds...................................................................................................................... 78

Combining Statement of Revenues, Expenditures, and Changes in

Fund Balances – Expendable Trust Funds................................................................................................................................. 80

Combining Balance Sheet – Nonexpendable Trust Funds............................................................................................................... 82

Combining Statement of Revenues, Expenses, and Changes in

Fund Balances – Nonexpendable Trust Funds.......................................................................................................................... 84

Combining Statement of Cash Flows – Nonexpendable Trust Funds............................................................................................ 86

Combining Statement of Plan Net Assets – Pension Trust Funds................................................................................................. 88

Combining Statement of Changes in Assets and Liabilities – All Agency Funds....................................................................... 89

General Fixed Assets Account Group

Schedule of General Fixed Assets by Function................................................................................................................................. 92

Schedule of Changes in General Fixed Assets by Function............................................................................................................ 92

Schedule of General Fixed Assets by Source..................................................................................................................................... 93

STATISTICAL SECTION

Ten Year Schedule of Revenues and Expenditures – All Governmental Fund Types................................................................................. 96

Schedule of Budgetary Fund Conversion Table............................................................................................................................................... 98

Revenue Bond Coverage – Colleges and Universities................................................................................................................................... 103

Comparative Population Growth........................................................................................................................................................................ 104

Comparative Unemployment............................................................................................................................................................................... 105

Total Personal and Per Capita Income............................................................................................................................................................... 106

Ten Largest Private Employers........................................................................................................................................................................... 106

Transportation Related Statistics....................................................................................................................................................................... 107

Nebraska Cash Receipts from Farm Marketing and Government Payments............................................................................................... 108

Nebraska Housing Units Authorized for Construction.................................................................................................................................. 108

Motor Fuels Net Taxable Gallons....................................................................................................................................................................... 109

Bank Demand and Time Deposits...................................................................................................................................................................... 109

Public and State Operated Enrollment Prekindergarten - Grade 12............................................................................................................... 110

Public Higher Education Institutions Total Fall Headcount Enrollment...................................................................................................... 110

Miscellaneous Statistics...................................................................................................................................................................................... 111

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