COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 229

CAPITAL ASSETS

The following schedule presents the capital assets, net of accumulated depreciation, used in governmental activities by function and by department. The schedule includes the capital assets of the Internal Service Funds because those funds primarily sell to governmental activities. This treatment matches the presentation of the capital assets on the government-wide Statement of Net Position. Except for the Internal Service Fund capital assets, the assets on this schedule are generally not reported on the fund-level financial statements.

230 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

SCHEDULE OF CAPITAL ASSETS

USED IN GOVERNMENTAL ACTIVITIES

INCLUDING INTERNAL SERVICE FUNDS

BY FUNCTION AND DEPARTMENT

JUNE 30, 2016

(DOLLARS IN THOUSANDS) LAND AND LIBRARY

LEASEHOLD BOOKS AND

LAND IMPROVEMENTS BUILDINGS COLLECTIONS

GENERAL GOVERNMENT Governor's Office -$ -$ -$ -$ Legislature - - - - Military Affairs 3,554 10,568 66,149 - Personnel & Administration 6,763 2,809 80,089 - Revenue - - - - Subtotal 10,317 13,377 146,238 - BUSINESS, COMMUNITY & CONSUMER AFFAIRS Agriculture 103 - 8,236 - 1GOV, CEO, OEDIT - - - 51 Labor and Employment 543 243 5,345 - Local Affairs - 257 - - Regulatory Agencies - 6 - - Revenue 536 - 865 - State - - - - Subtotal 1,182 506 14,446 51 EDUCATION Education 152 27 802,910 1,256 Higher Education 1,842 764 100,761 9,057 Subtotal 1,994 791 903,671 10,313 HEALTH AND REHABILITATION Public Health and Environment 188 1 3,979 - Human Services 3,068 2,159 90,586 - Subtotal 3,256 2,160 94,565 - JUSTICE Corrections 2,964 2,170 542,928 - DHS, Division of Youth Services 1,675 346 69,055 - Judicial 1,605 880 224,896 2,292 Law - 69 - 9 Public Safety 1,399 1,401 21,227 - Regulatory Agencies - - - - Subtotal 7,643 4,866 858,106 2,301 NATURAL RESOURCES Natural Resources 70,148 513 28,551 - SOCIAL ASSISTANCE Human Services - 1,660 1,572 - Military Affairs 36 1,191 1,890 - Health Care Policy and Financing - - - - Subtotal 36 2,851 3,462 - TRANSPORTATION Transportation 16,322 119 172,583 -

TOTAL CAPITAL ASSETS 110,898$ 25,183$ 2,221,622$ 12,665$

1Governor's Office, Colorado Energy Office, and the Office of Economic Development and International Trade

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 231

OTHER CONSTRUCTION

VEHICLES AND CAPITAL IN

EQUIPMENT SOFTWARE ASSETS PROGRESS INFRASTRUCTURE TOTALS

33,514$ 905$ -$ 6,703$ -$ 41,122$ 539 - - 174 - 713 625 - 14 1,382 - 82,292 82,480 36,641 15 13,448 - 222,245 4,385 5,772 - 11,764 - 21,921 121,543 43,318 29 33,471 - 368,293

2,028 (12) - 109 - 10,464 16 - - - - 67 729 2,980 212 - - 10,052 63 2 643 - - 965 256 92 - - - 354 81 294 - - - 1,776 1,105 117 - - - 1,222

4,278 3,473 855 109 - 24,900

2,120 1,396 - 489 - 808,350 967 68 (3) 2,028 53 115,537

3,087 1,464 (3) 2,517 53 923,887

5,604 7,608 1,659 - - 19,039 1,416 (10,347) 61 14,637 - 101,580 7,020 (2,739) 1,720 14,637 - 120,619

10,305 117 264 21,127 - 579,875 174 - - 3,918 - 75,168 12,686 3,419 - 15,773 - 261,551 1,647 100 - - - 1,825 23,366 4,202 110 27,767 - 79,472 20 - - - - 20 48,198 7,838 374 68,585 - 997,911

1,167 875 1,151 650 - 103,055

1,798 36,238 - 12,498 - 53,766 68 - - 4,149 - 7,334 66 171 - - - 237 1,932 36,409 - 16,647 - 61,337

165,414 4,500 - 620,684 8,281,364 9,260,986 352,639$ 95,138$ 4,126$ 757,300$ 8,281,417$ 11,860,988$

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 233

OTHER FUNDS DETAIL

In the combined and combining statements several fund categories show a column titled “Other”. The schedule on the following pages provide a summary of assets, liabilities, and net position/fund balance of the individually significant funds that comprise the columns titled “Other”. Most of the funds shown in the schedule are Special Revenue Funds that are statutorily authorized.

234 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

COMBINING SCHEDULE OF INDIVIDUAL FUNDASSETS, LIABILITIES, AND NET POSITION/FUND BALANCEFOR OTHER PERMANENT, PRIVATE PURPOSE, ENTERPRISE, INTERNAL SERVICE FUNDS, AND SPECIAL REVENUE FUNDSJUNE 30, 2016 (Dollars in Thousands) Assets/ Liabilities/ Net Position/FUND NAME Statutory Cite Deferred Deferred Fund BalanceOutflows Inflows

OTHER PERMANENT FUNDSWildlife For Future Generations Trust Fund - Nonexpendable TRUST 33-1-112 7,248 - 7,248 Wildlife For Future Generations Trust Fund - Expendable TRUST 33-1-112 1,192 2 1,190 Other Permanent-Nonexpendable TRUST 749 - 749 Co Veterans Monument Preservation Trust Fund - Nonexpendable TRUST 2480-1401 85 - 85 Parks For Future Generations Trust Fund - Nonexpendable 33-10-111(6)(a) 25 - 25 Hall Historical Marker - Nonexpendable TRUST 24-80-209 8 - 8 Co Veterans' Monument Preservation Trust Fund - Expendable TRUST 2480-1401 1 - 1 Total Other Permanent Funds 9,308$ 2$ 9,306$ OTHER PRIVATE PURPOSE TRUST FUNDSSupplemental Purse And Breeders Awards Fund 12-60-704 633 - 633 Early Intervention Services Trust Fund 27-10.5-706 9,505 8,984 521 Brand Estray Fund 35-41-102 291 15 276 Veteran's Private Contribution Fund 28-5-706 - - - Total Other Private Purpose Funds 10,429$ 8,999$ 1,430$

OTHER ENTERPRISE FUNDS

CollegeInvest 23-3.1-205.4 35,638 13,047 22,591 Early Achievers Scholarship Trust 23-3.1-206.9 14,822 74 14,748 Capitol Parking Fund NONE 12,347 3,296 9,051 Grounds Cash Fund 26-1-133.5(2) 4,438 921 3,517 Other Enterprise Funds VARIOUS 78 - 78 Clean Screen Authority 42-4-307.5 723 715 8 Work Therapy Cash Fund 26-8-107 331 390 (59) Business Enterprise Program 26-8.5-107 1,258 1,657 (399) Enterprise Services Fund 24-80-209 3,326 5,797 (2,471) Brand Inspection Fund 35-41-102 3,896 12,380 (8,484) Total Other Enterprise Funds 76,857$ 38,277$ 38,580$

OTHER INTERNAL SERVICE FUNDSProfessional Development Cash Fund 24-50-122(2) 820 1,432 (612) Debt Collection Fund 24-30-202.4 2,732 4,420 (1,688) Total Other Internal Service Funds 3,552$ 5,852$ (2,300)$ OTHER SPECIAL PURPOSE GENERAL FUNDSSchool Capital Construction Assistance Fund 22-43.7-104 383,132 12,180 370,952 Controlled Maintenance Trust Fund 24-75-302.5 70,900 - 70,900 State Employee Reserve Fund 24-50-104 46,771 - 46,771 Economic Development Fund 24-46-105 23,783 19 23,764 Intellectual And Developmental Disabilities Services Cash Fund 25.5-10-207 15,396 329 15,067 Real Estate Proceeds Fund 28-3-106 10,541 4 10,537 Legislative Department Cash 2-2-1601(1) 10,516 253 10,263 Housing Development Grant Fund 24-32-721 10,389 634 9,755 Indirect Cost Excess Recovery Fund 24-75-1401 7,971 182 7,789 Old Age Pension Stabilization Fund 26-2-116 5,000 - 5,000 Skilled Worker Outreach Recruitment & Key Training Fund 8-83-307 3,198 46 3,152 Ballot Information Publication & Distribution Revolving Fund 1-40-124.5 2,670 - 2,670 Natural Hazard Mapping Fund 37-60-131(1)(a) 2,260 - 2,260 Underfunded Courthouse Facility Cash Fund 13-1-304 2,184 161 2,023 State Social Security Income Stabilization Fund 26-2-210(1) 1,836 - 1,836 Older Coloradans Cash Fund 26-11-205.5 4,101 2,271 1,830 Persistent Drunk Driver Fund 42-3-130.5 1,677 193 1,484 Energy Research Cash Fund 24-48.5-120 992 2 990 Tax Amnesty Cash Fund 39-21-202 962 - 962 Cross-System Response For Behavioral Health Crises Pilot Pgm BHC Pilot 1,695 855 840 Charter School Assistance Fund 22-30.5-515 2,137 1,373 764 Colorado Health Care Services Fund 25.5-3-112 739 - 739 Start Smart Nutrition Program Fund 22-82.7-105 673 35 638 Charter School Institute Fund 22-30.5-506 2,471 1,834 637 Conservation Trust Fund 24-35-210(10) 12,993 12,512 481

(Continued)

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 235

COMBINING SCHEDULE OF INDIVIDUAL FUNDASSETS, LIABILITIES, AND NET POSITION/FUND BALANCEFOR OTHER PERMANENT, PRIVATE PURPOSE, ENTERPRISE, INTERNAL SERVICE FUNDS, AND SPECIAL REVENUE FUNDSJUNE 30, 2016 (Dollars in Thousands) Assets/ Liabilities/ Net Position/FUND NAME Statutory Cite Deferred Deferred Fund BalanceOutflows Inflows Diseased Livestock Fund 35-50-140.5 438 - 438 Colorado Family Support Loan Fund 27-10.5-502 429 10 419 Firefighter Benefits Cash Fund 29-5-302(11)(a) 262 - 262 Strategic Action Plan On Aging Cash Fund 24-32-3407(1) 232 - 232 Legislative Expenses Fund 2-3-1002(1) 217 - 217 Advanced Industries Export Acceleration Cash Fund 24-47-103(8) 280 82 198 Advance Technology Fund 25-16.5-105(2) 145 - 145 Colorado National Guard Tuition Fund 23-5-111.4 124 - 124 Hospitality Career Secondary Education Fund 24-46.3-204 154 42 112 Colorado Heritage Communities Fund 24-32-3207 129 61 68 Service Fee Fund 26-4-410(1)D 19 8 11 Child Protection Ombudsman Program #MULTIVALUE 8 - 8 Prepaid Wireless Trust Cash Fund 29-11-102.5 6 - 6 Youth Advisory Council Cash Fund 2-2-1306 4 - 4 Child Welfare Transition Cash Fund 25.5-6-409.5(9) 63 61 2 Professional Development And Student Support Fund 22-24-108(3)(a) 1 - 1 Recovery Audit Cash Fund 24-30-203.5 1 - 1 Oap Health And Medical Care Fund 25.5-2-101(2) 125 125 - Procurement Technical Assistance Cash Fund 24-48.5-121(8) 1 1 - Colorado Student Leaders Institute Cash Fund 24-44.3-105(1) 219 219 - General Fund Reserve Account(Refunds) 39-29-107.8 56,800 56,800 - Total Other Special Purpose General Funds 684,644$ 90,292$ 594,352$

OTHER SPECIAL REVENUE FUNDSMarijuana Tax Cash Fund 39-28.8-501 99,636 2,263 97,373 Mortgage Fraud Custodial Funds Settlement 42,477 349 42,128 Adult Dental Fund 25.5-5-207(4) 38,436 1,401 37,035 Consumer Protection Custodial Funds 6-1-103 35,349 320 35,029 Colorado Opportunity Scholarship Initiative Fund 23-303-1005 34,181 53 34,128 Gear Up Scholarship Trust Fund SETTLEMENT 27,123 9 27,114 Marijuana Cash Fund 12-43.3-501 25,463 404 25,059 Advance Industries Acceleration Fund 24-48.5-117 19,712 1,519 18,193 Supreme Court Committee Fund COURT RULE 227 15,481 703 14,778 Victims Compensation Fund 24-4.1-117 11,418 13 11,405 Victims Assistance Fund 24-4.2-104 10,672 111 10,561 Judicial Information Technology Cash Fund 13-32-114 12,907 2,958 9,949 Offender Services Fund 16-11-214 7,920 317 7,603 Hud Sec 8 Family Self-Sufficiency Program 29-4-708(K) 7,527 378 7,149 Title Iv-E Waiver Demonstration Project Cash Fund 26-5-105.4(4)(b 7,036 93 6,943 Justice Center Cash Fund 13-32-101(7) 6,654 311 6,343 Judicial Stabilization Cash Fund 13-32-101 6,246 556 5,690 Correctional Treatment Cash Fund 18-19-103(4) 7,213 2,059 5,154 Colorado Bureau Of Investigation Identification Unit Fund 24-33.5-426 6,086 1,309 4,777 Creative Industries Cash Fund 24-48.5-301(2) 4,726 82 4,644 Judicial Collection Enhancement Fund 16-11-101.6 4,977 532 4,445 Department Of State Cash Fund 24-21-104 6,148 1,787 4,361 Conveyance Safety Fund 9-5.5-111(2) 4,056 20 4,036 Process And End Users Fund 25-17-202.5 6,108 2,135 3,973 Criminal Alien Assistance Cash Fund 17-1-107.5 3,918 - 3,918 Supplier Database Cash Fund 24-102-202.5 3,807 - 3,807 Collection Agency Board Custodial Fund 24-31-108 3,697 8 3,689 Energy Efficiency Project Fund 24-38.5-106(4) 3,512 - 3,512 Local Firefighter Safety And Disease Prevention Fund 24-33.5-1231 3,358 161 3,197 Public School Construction And Inspection Fund 24-33.5-1207 3,044 118 2,926 Broadband Fund 40-15-509.5(4) 2,841 - 2,841 Other Education Special Revenue Funds VARIOUS 2,819 11 2,808 Auto Theft Prevention Cash Fund 42-5-112(4A) 5,782 2,975 2,807 Housing Rehabilitation Revolving Loans 29-4-728 2,418 24 2,394 Attorney'S Fees And Costs Fund 24-31-108(2) 2,086 - 2,086 School Bullying Prevention And Education Cash Fund 22-93-105(1) 1,999 6 1,993 Patient Benefit Fund CUSTOIDAL 1,837 14 1,823

(Continued)

236 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

COMBINING SCHEDULE OF INDIVIDUAL FUNDASSETS, LIABILITIES, AND NET POSITION/FUND BALANCEFOR OTHER PERMANENT, PRIVATE PURPOSE, ENTERPRISE, INTERNAL SERVICE FUNDS, AND SPECIAL REVENUE FUNDSJUNE 30, 2016 (Dollars in Thousands) Assets/ Liabilities/ Net Position/FUND NAME Statutory Cite Deferred Deferred Fund BalanceOutflows Inflows Help America Vote Act Fund FED HAVA 2002 1,789 2 1,787 Commercial Vehicle Enterprise Fund 42-1-225(1) 1,779 7 1,772 Victims Assistance And Law Enforcement Fund 24-33.5-506 1,883 150 1,733 Uniform Commercial Credit Code Custodial Funds 4-1-102 1,815 110 1,705 Inspection And Consumer Services Cash Fund 35-1-106.5 1,995 313 1,682 Traumatic Brain Injury Fund 26-1-210(1) 2,301 669 1,632 Donations - Governor'S Office CUSTODIAL 1,798 179 1,619 Public School Transportation Fund 22-51-103(1) 1,783 217 1,566 History Colorado Restricted Donations 24-80-209 1,503 16 1,487 Federal Tax Relief Act Of 2003 FEDERAL 1,487 24 1,463 P.O.S.T. Board Cash Fund 24-31-303(2) 2,712 1,367 1,345 Instant Criminal Background Check Fund 24-33.5-424 1,516 227 1,289 Mfp Rebalancing Fund Federal 1,279 - 1,279 Court Security Cash Fund 13-1-204(1) 1,772 545 1,227 Hud Community Development Block Grant Fund 24-76-101 9,472 8,382 1,090 State Patrol Contraband Fund 24-33.5-225 983 7 976 Colorado Bureau Of Investigation Contraband Fund 24-33.5-415 968 - 968 Child Care Assistance Cliff Effect Pilot Program Fund 26-2-808(2.5) 974 21 953 Restorative Justice Surcharge Fund 18-25-101(3) 1,085 212 873 Hud Home Grant Revolving Loan Fund NONE 1,898 1,089 809 Plant Health, Pest Control And Environmental Protection Fund 35-1-106.3 2,703 1,906 797 Other Human Services Special Revenue Funds VARIOUS 1,308 515 793 Disabled Telephone Users Fund 40-17-104 1,101 315 786 Insurance Fraud Cash Fund 10-3-207.5(2) 1,940 1,169 771 Howard Fund 26-8-104(1)C 657 - 657 Library Trust Fund 24-90-105 637 7 630 Agricultural Products Inspection Fund 35-23-114(3) 812 189 623 Public Utilities Commission Fixed Utility Fund 40-2-114 1,331 734 597 Law Enforcement Grant Fund 25-17-207(4) 559 - 559 Texaco Oil Overcharge Fund SETTLEMENT 556 - 556 Auto Dealers License Fund 12-6-123 743 208 535 Uniform Consumer Credit Code Cash Fund 5-6-204 1,545 1,023 522 Identity Theft Financial Fraud Fund 24-33.5-1707 550 36 514 State Toxicology Laboratory Fund 24-33.5-428(2)( 546 86 460 Innovative Energy Fund 24-38.5-102.5 619 166 453 Division Of Insurance Cash 10-1-103 4,418 3,969 449 Judicial Performance Cash Fund 13-5.5-107 473 26 447 Waste Tire Market Development Fund 25-17-202.9 526 82 444 Exxon Oil Overcharge Funds SETTLEMENT 439 - 439 Real Estate Cash Fund 12-61-111.5 3,661 3,275 386 State Public Financing Fund 24-36-121(7) 385 - 385 Public Deposit Administration Fund 11-10.5-112 776 423 353 Interstate Compact Probation Transfer Cash Fund 18-1.3-204(4) 346 3 343 Retail Marijuana Excise Tax Fund 12-43.3-501 409 70 339 Hud Sec 811 Supportive Housing Person With Disablities 29-4-708(K) 347 14 333 Waste Tire Fire Prevention Fund 25-17-202.8 317 - 317 Board Assessment Appeals Cash Fund 39-2-125(1)H 324 11 313 Liquor Enforcement Division & State Licensing Authority 24-35-401 564 262 302 Family-Friendly Court Program Fund 13-3-113(6) 281 14 267 Diamond Shamrock Settlement Funds SETTLEMENT 257 - 257 Colorado Domestic Abuse Program Fund 39-22-802 352 108 244 Building Regulation Fund 24-32-3309 312 68 244 Public Education Fund 39-22-4203 243 - 243 Educator Licensure Cash Fund 22-60.5-112 419 178 241 Food Distribution Program Service Fund 26-1-121(4B) 345 104 241 Homeless Prevention Program Fund 39-22-1302 252 17 235 Vickers Oil Overcharge Funds E.O. 56-87 233 - 233 State And Veterans Nursing Homes Patient Benefit Fund 26-12-108(2) 231 - 231 State Archives And Public Records Cash Fund 24-80-102(10) 231 - 231 Moffat Tunnel Cash Fund 32-8-126 217 - 217 Cervidae Disease Fund 35-50-115 203 - 203 Witness Protection Fund 24-33.5-106 201 - 201 166 Funds with Net Assets Below $200,000 55,167 53,517 1,650 Total Other Special Revenue Funds 616,998$ 105,031$ 511,967$

238 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

NON-APPROPRIATED BUDGET SCHEDULES

The schedules on the following pages provide, by department, nonappropriated budget-to-actual activity. The budgets are based on a variety of sources that are not subject to appropriation by the General Assembly that generally include most federal awards, custodial agreements, and Colorado statutes. In Higher Education Institutions informational only appropriations for tuition and certain fees contained in the State's legislative appropriations act are not controlling. Therefore, expenditures may exceed recorded budgets in these appropriations.

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 239

SCHEDULE OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES - BUDGETARY BASIS

BUDGET AND ACTUAL - NON-APPROPRIATED GENERAL FUNDED

FOR THE YEAR ENDED JUNE 30, 2016

(DOLLARS IN THOUSANDS) FINAL (OVER)/UNDER

ORIGINAL SPENDING SPENDING

APPROPRIATION AUTHORITY ACTUAL AUTHORITY

REVENUES AND TRANSFERS-IN:

Sales and Other Excise Taxes 268,914$ Income Taxes 592,407 Other Taxes 25,217 Federal Grants and Contracts 1 Sales and Services 42 Interest Earnings 1,117 Other Revenues 2,268 Transfers-In 2,619

TOTAL REVENUES AND TRANSFERS-IN 892,585

EXPENDITURES AND TRANSFERS-OUT:

Operating Budgets:

Departmental:

Governor -$ 50$ 37 13$ Health Care Policy and Financing - 6,829 4,779 2,050 Higher Education - 782 782 - Human Services - 8,514 8,514 - Labor and Employment - 700 236 464 Local Affairs 4,251 6,513 5,247 1,266 Public Health and Environment - 3,274 3,274 - Regulatory Agencies 4,150 4,150 4,150 - Revenue 101,520 211,349 210,139 1,210 Transportation - 102 102 - Treasury 462,039 462,039 462,039 - Transfers Not Appropriated by Department 271,129 271,129 221,329 49,800

SUB-TOTAL OPERATING BUDGETS 843,089 975,431 920,628 54,803

TOTAL EXPENDITURES AND TRANSFERS-OUT 843,089$ 975,431$ 920,628 54,803$

EXCESS OF REVENUES AND TRANSFERS-IN OVER

(UNDER) EXPENDITURES AND TRANSFERS-OUT (28,043)$

240 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

SCHEDULE OF REVENUES, EXPENDITURES/EXPENSES,AND CHANGES IN FUND BALANCES/NET POSITION - BUDGETARY BASISBUDGET AND ACTUAL - NON-APPROPRIATED CASH FUNDEDFOR THE YEAR ENDED JUNE 30, 2016

(DOLLARS IN THOUSANDS) FINAL (OVER)/UNDER

ORIGINAL SPENDING SPENDING

APPROPRIATION AUTHORITY ACTUAL AUTHORITY

REVENUES AND TRANSFERS-IN:

Sales and Other Excise Taxes 812,318$ Income Taxes 56,800 Other Taxes 805,466 Tuition and Fees 2,182,553 Sales and Services 1,411,616 Interest Earnings 120,561 Other Revenues 2,682,273 Transfers-In 5,653,581

TOTAL REVENUES AND TRANSFERS-IN 13,725,168

EXPENDITURES/EXPENSES AND TRANSFERS-OUT:

Operating Budgets:

Departmental:

Agriculture 5,164$ 5,762$ 2,451 3,311$ Corrections 18,856 39,726 38,098 1,628 Education 3,529,413 3,523,083 3,505,405 17,678 Governor 169,328 241,232 83,878 157,354 Health Care Policy and Financing 48,815 50,883 5,908 44,975 Higher Education 3,176,419 3,350,914 3,278,136 72,778 Human Services 310,353 161,499 153,057 8,442 Judicial Branch 44,284 62,531 54,552 7,979 Labor and Employment 652,269 652,989 538,512 114,477 Law 30,551 30,862 14,235 16,627 Legislative Branch 11,712 11,712 3,414 8,298 Local Affairs 385,596 395,815 194,646 201,169 Military and Veterans Affairs 858 1,338 849 489 Natural Resources 814,202 825,609 323,109 502,500 Personnel & Administration 446,648 451,225 439,888 11,337 Public Health and Environment 74,660 75,295 27,734 47,561 Public Safety 126,417 129,410 76,434 52,976 Regulatory Agencies 2,016 2,830 1,592 1,238 Revenue 384,004 404,648 335,040 69,608 State 437 437 427 10 Transportation 3,052,505 3,253,960 1,152,580 2,101,380 Treasury 1,948,901 1,953,494 1,935,596 17,898 Budgets/Transfers Not Recorded by Department 8,975 8,975 8,972 3

SUB-TOTAL OPERATING BUDGETS 15,242,383 15,634,229 12,174,513 3,459,716

Capital and Multi-Year Budgets:

Departmental:

Natural Resources 45,739 82,078 14,661 67,417

SUB-TOTAL CAPITAL AND MULTI-YEAR BUDGETS 45,739 82,078 14,661 67,417

TOTAL EXPENDITURES/EXPENSES AND TRANSFERS-OUT 15,288,122$ 15,716,307$ 12,189,174 3,527,133$

EXCESS OF REVENUES AND TRANSFERS-IN OVER/(UNDER)

EXPENDITURES/EXPENSES AND TRANSFERS-OUT 1,535,994$

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 241

SCHEDULE OF REVENUES, EXPENDITURES/EXPENSES,AND CHANGES IN FUND BALANCES/NET POSITION - BUDGETARY BASISBUDGET AND ACTUAL - NON-APPROPRIATED FEDERALLY FUNDEDFOR THE YEAR ENDED JUNE 30, 2016

(DOLLARS IN THOUSANDS) FINAL (OVER)/UNDER

ORIGINAL SPENDING SPENDINGAPPROPRIATION AUTHORITY ACTUAL AUTHORITY

REVENUES AND TRANSFERS-IN:

Federal Grants and Contracts 4,057,740$

TOTAL REVENUES AND TRANSFERS-IN 4,057,740

EXPENDITURES/EXPENSES AND TRANSFERS-OUT:

Capital and Multi-Year Budgets:

Departmental:

Agriculture 4,171$ 12,944$ 5,805 7,139$ Corrections 1,260 5,446 3,896 1,550 Education 650,650 876,097 627,851 248,246 Governor 6,493 63,520 25,827 37,693 Health Care Policy and Financing 240,126 357,041 293,777 63,264 Higher Education 27,495 399,869 357,177 42,692 Human Services 238,457 1,262,992 1,041,211 221,781 Judicial Branch 9,893 26,881 22,617 4,264 Labor and Employment 100,821 210,425 135,061 75,364 Law 1,794 1,796 1,658 138 Local Affairs 76,876 283,782 145,276 138,506 Military and Veterans Affairs 215,692 20,296 13,054 7,242 Natural Resources 29,543 94,360 40,948 53,412 Personnel & Administration - 120 30 90 Public Health and Environment 272,612 424,900 287,201 137,699 Public Safety 59,500 386,479 111,284 275,195 Regulatory Agencies 1,486 8,500 3,659 4,841 Revenue 824 3,932 1,511 2,421 State - 2,373 556 1,817 Transportation 573,062 900,052 744,147 155,905 Treasury - 104,596 104,596 -

SUB-TOTAL CAPITAL AND MULTI-YEAR BUDGETS 2,510,755 5,446,401 3,967,142 1,479,259

TOTAL EXPENDITURES/EXPENSES AND TRANSFERS-OUT 2,510,755$ 5,446,401$ 3,967,142 1,479,259$

EXCESS OF REVENUES AND TRANSFERS-IN OVER/(UNDER)

EXPENDITURES/EXPENSES AND TRANSFERS-OUT 90,598$

242 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

Statistical Section

Comprehensive Annual Financial Report

For the Fiscal Year Ended June 30, 2016

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 245

STATISTICAL SECTION

This section of the State of Colorado’s Comprehensive Annual Financial Report presents detailed current and historical information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the State’s overall financial health.

FINANCIAL TRENDS These schedules contain trend information to help the reader understand how the State’s financial performance and fiscal health have changed over time at both the entity wide and fund-level perspectives.

REVENUE CAPACITY These schedules contain information to help the reader assess the factors affecting the State’s ability to generate and retain major revenue streams including income and sales taxes.

DEBT CAPACITY These schedules present information to help the reader assess the sustainability of the State’s current levels of outstanding debt and the State’s ability to issue additional debt in the future.

DEMOGRAPHIC AND ECONOMIC

INFORMATION

These schedules offer demographic and economic indicators to help the reader understand the environment within which the State’s financial activities take place.

OPERATING INFORMATION These schedules contain information about the State’s operations and resources to help the reader understand how the information in the State’s financial report relates to the services the State provides and the activities it performs.

246 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

GOVERNMENT-WIDESCHEDULE OF NET POSITIONPRIMARY GOVERNMENTLast Ten Fiscal Years

(DOLLARS IN THOUSANDS)

2015-16 2014-15 2013-14 2012-13

ASSETS:

Current Assets:

Cash and Pooled Cash 2,703,416$ 2,696,950$ 2,302,356$ 2,549,620$ Investments - - 8,460 3,497 Taxes Receivable, net 1,251,185 1,252,907 1,224,629 1,118,329 Other Receivables, net 572,655 450,805 210,062 189,937 Due From Other Governments 440,053 787,269 570,721 369,249 Internal Balances 28,967 28,022 19,336 23,801 Due From Component Units 347 135 54 119 Inventories 53,261 54,194 53,125 55,319 Prepaids, Advances and Deposits 67,468 67,917 73,025 57,465 Total Current Assets 5,117,352 5,338,199 4,461,768 4,367,336

Noncurrent Assets:

Restricted Assets:

Restricted Cash and Pooled Cash 1,923,920 2,140,729 2,554,938 1,798,432 Restricted Investments 732,662 761,140 657,772 598,209 Restricted Receivables 510,028 363,300 258,107 176,055 Investments 219,369 280,100 428,321 464,535 Other Long-Term Assets 675,809 636,260 686,349 740,735 Depreciable Capital Assets and Infrastructure, net 9,976,023 9,772,651 9,600,423 9,312,959 Land and Nondepreciable Capital Assets 1,851,910 1,968,227 1,931,832 2,170,769 Depreciable Capital Assets for Investment 33,055 - - - Total Noncurrent Assets 15,922,776 15,922,407 16,117,742 15,261,694

TOTAL ASSETS 21,040,128 21,260,606 20,579,510 19,629,030

DEFERRED OUTFLOW OF RESOURCES: 818,761 350,796 18,289 -

LIABILITIES:

Current Liabilities:

Tax Refunds Payable 856,076 669,992 718,211 718,077 Accounts Payable and Accrued Liabilities 1,166,681 1,367,263 1,043,961 742,225 TABOR Refund Liability (Note 8B) 31,358 173,346 706 706 Due To Other Governments 232,724 233,087 245,300 198,953 Due To Other Funds - - - - Due To Component Units - - 15 81 Unearned Revenue 123,769 100,467 92,674 95,026 Obligations Under Securities Lending - - - - Accrued Compensated Absences 11,522 12,185 10,470 10,955 Claims and Judgments Payable 46,343 47,682 61,623 46,873 Leases Payable 28,261 27,760 26,941 20,004 Notes, Bonds, and COPs Payable 171,835 200,975 187,910 174,340 Other Postemployment Benefits - - - - Other Current Liabilities 29,525 19,052 19,979 14,834 Total Current Liabilities 2,698,094 2,851,809 2,407,790 2,022,074 Noncurrent Liabilities: Due to Other Funds - - - - Deposits Held In Custody For Others 90 139 139 17 Accrued Compensated Absences 154,510 149,817 145,992 138,413 Claims and Judgments Payable 276,010 299,785 301,591 323,451 Capital Lease Payable 122,404 144,569 148,055 131,006 Capital Lease Payable To Component Units - - - - Derivative Instrument Liability - - - - Notes, Bonds, and COPs Payable 1,174,467 1,331,892 1,541,225 1,611,220 Due to Component Units - - - - Net Pension Liability 6,295,004 5,565,526 Other Postemployment Benefits - - - - Other Long-Term Liabilities 415,669 423,809 402,954 444,118 Total Noncurrent Liabilities 8,438,154 7,915,537 2,539,956 2,648,225

TOTAL LIABILITIES 11,136,248 10,767,346 4,947,746 4,670,299

DEFERRED INFLOW OF RESOURCES: 133,375 47,262 338 -

Net investment in Capital Assets: 11,330,474 10,654,690 10,125,644 10,107,082 Restricted for:

Construction and Highway Maintenance 966,743 936,535 1,080,201 1,145,997 Education 309,957 766,688 1,110,180 1,265,476 Unemployment Insurance - - - - Debt Service 68,105 56,534 44,752 33,113 Emergencies 217,328 217,328 153,150 161,350 Permanent Funds and Endowments:

Expendable 5,801 7,301 7,271 6,328 Nonexpendable 950,976 896,872 800,132 694,564 Other Purposes 717,185 626,649 358,694 349,811 Unrestricted (3,977,303) (3,365,803) 1,969,691 1,195,010

TOTAL NET POSITION 10,589,266$ 10,796,794$ 15,649,715$ 14,958,731$

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 247

GOVERNMENTAL ACTIVITIES

2011-12 2010-11 2009-10 2008-09 2007-08 2006-07

1,969,331$ 1,548,435$ 1,962,934$ 2,217,711$ 2,632,601$ 2,455,425$ 1,726 45,548 15,224 1,498 565 998

1,012,147 830,730 857,246 920,086 946,077 956,149 156,126 147,768 158,060 182,540 188,347 153,218 318,460 486,655 516,248 475,997 355,519 280,637 15,964 18,620 14,153 14,617 14,545 13,756

137 62 84 66 63 65 17,057 19,837 16,468 16,183 16,703 14,053 53,961 56,543 38,591 33,244 23,790 28,527

3,544,909 3,154,198 3,579,008 3,861,942 4,178,210 3,902,828

1,779,413 1,635,476 1,572,925 1,813,365 2,061,543 1,689,703 591,083 1,097,797 687,314 694,311 620,325 552,211 181,932 173,347 195,753 184,120 187,018 279,140 416,674 52,343 529,059 98,815 96,743 80,695 712,736 761,498 644,867 600,020 442,911 425,886

9,602,516 9,331,295 9,689,916 2,360,036 2,282,645 1,288,308 1,903,604 1,780,945 1,637,224 10,480,438 10,291,250 11,799,975

15,187,958 14,832,701 14,957,058 16,231,105 15,982,435 16,115,918 18,732,867 17,986,899 18,536,066 20,093,047 20,160,645 20,018,746

661,829 625,145 664,781 633,722 561,117 486,576 677,471 785,496 847,550 779,008 837,311 694,602

706 706 706 706 706 727 228,229 216,956 181,684 223,415 183,696 176,864 - - - - - -

125,174 111,506 128,404 150,632 97,174 65,389 - - - - - -

9,859 9,741 10,287 8,930 9,776 9,533 44,858 44,641 44,181 36,936 37,775 40,948 14,387 12,872 11,384 8,227 6,002 2,807

162,670 145,165 642,445 637,066 574,150 457,250

16,531 13,748 20,432 9,818 11,794 9,615 1,941,714 1,965,976 2,551,854 2,488,460 2,319,501 1,944,311

16 14 13 16 16 17

132,394 137,139 138,224 140,675 128,760 116,262 330,516 340,003 347,394 358,371 335,636 295,874 107,042 94,716 85,746 83,586 54,029 27,649

1,614,293 1,621,749 1,554,964 1,146,960 1,274,720 1,390,671

427,828 434,194 402,599 397,774 217,793 206,972 2,612,089 2,627,815 2,528,940 2,127,382 2,010,954 2,037,445 4,553,803 4,593,791 5,080,794 4,615,842 4,330,455 3,981,756

10,107,432 9,836,378 10,118,621 11,631,061 11,348,995 11,804,908 1,176,269 1,160,789 1,198,849 1,220,524 1,350,485 1,196,903

280,269 485,171 194,586 338,365 353,149 225,818

21,453 10,127 4,093 558 558 558 72,850 85,400 94,000 93,550 93,000 85,760 6,024 8,017 11,130 8,588 2,333 1,782

684,953 641,802 643,148 623,619 587,733 515,997 340,818 315,082 138,826 197,918 231,532 299,777

1,488,996 850,342 1,052,019 1,363,022 1,862,405 1,905,487 14,179,064$ 13,393,108$ 13,455,272$ 15,477,205$ 15,830,190$ 16,036,990$

248 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

2015-16 2014-15 2013-14 2012-13

ASSETS:

Current Assets:

Cash and Pooled Cash 2,525,453$ 2,454,684$ 2,246,115$ 2,169,314$ Investments 392,188 378,115 254,744 281,822 Taxes Receivable, net 123,638 142,241 135,207 137,970 Other Receivables, net 640,664 430,306 408,364 381,351 Due From Other Governments 94,860 134,455 150,697 155,190 Internal Balances (28,967) (28,022) (19,336) (23,801) Due From Component Units 18,188 11,370 23,716 18,969 Inventories 54,748 57,950 54,015 52,826 Prepaids, Advances and Deposits 28,756 28,186 37,433 24,806 Total Current Assets 3,849,528 3,609,285 3,290,955 3,198,447

Noncurrent Assets:

Restricted Assets:

Restricted Cash and Pooled Cash 457,926 499,742 429,965 352,234 Restricted Investments 167,540 246,783 303,678 292,283 Restricted Receivables 40,009 31,609 45,477 45,264 Investments 1,941,040 1,969,155 1,896,811 1,746,078 Other Long-Term Assets 129,425 129,850 99,380 128,105 Depreciable Capital Assets and Infrastructure, net 7,050,226 6,190,355 5,876,698 5,463,065 Land and Nondepreciable Capital Assets 1,652,441 1,788,595 1,370,142 1,229,761 Depreciable Capital Assets for Investment - - - - Total Noncurrent Assets 11,438,607 10,856,089 10,022,151 9,256,790

TOTAL ASSETS 15,288,135 14,465,374 13,313,106 12,455,237

DEFERRED OUTFLOW OF RESOURCES: 649,853 348,635 118,103 551

LIABILITIES:

Current Liabilities:

Tax Refunds Payable - - - - Accounts Payable and Accrued Liabilities 771,248 751,171 659,085 602,571 TABOR Refund Liability (Note 8B) - - - - Due To Other Governments 38,615 22,048 30,805 34,169 Due To Other Funds - - - - Due To Component Units 645 623 528 343 Unearned Revenue 306,222 407,108 346,264 305,108 Obligations Under Securities Lending - - - - Accrued Compensated Absences 22,761 20,960 18,117 16,609 Claims and Judgments Payable - - - - Leases Payable 9,132 8,618 6,610 6,575 Notes, Bonds, and COPs Payable 267,134 251,947 244,366 233,811 Other Postemployment Benefits - - 14,076 17,052 Other Current Liabilities 139,765 125,054 127,033 142,868 Total Current Liabilities 1,555,522 1,587,529 1,446,884 1,359,106 Noncurrent Liabilities: Due to Other Funds - - - - Deposits Held In Custody For Others 20 - - - Accrued Compensated Absences 293,365 268,600 250,148 236,329 Claims and Judgments Payable 39,657 41,460 40,982 38,993 Capital Lease Payable 47,994 45,663 35,582 35,153 Capital Lease Payable To Component Units - - - - Derivative Instrument Liability 13,222 9,515 8,566 8,333 Notes, Bonds, and COPs Payable 4,480,091 4,418,327 4,131,227 3,898,265 Due to Component Units 1,631 1,661 1,743 1,755 Net Pension Liability 3,957,073 3,579,748 Other Postemployment Benefits 289,133 241,779 181,511 177,176 Other Long-Term Liabilities 28,569 83,521 44,768 11,972 Total Noncurrent Liabilities 9,150,755 8,690,274 4,694,527 4,407,976

TOTAL LIABILITIES 10,706,277 10,277,803 6,141,411 5,767,082

DEFERRED INFLOW OF RESOURCES: 250,058 38,380 - -

Net investment in Capital Assets: 5,051,345 4,417,947 3,653,265 3,571,408 Restricted for:

Construction and Highway Maintenance - - - - Education 462,636 439,535 642,611 - Unemployment Insurance 740,049 620,575 402,770 218,076 Debt Service 85,617 75,666 39,862 8,439 Emergencies 34,000 34,000 34,000 34,000 Permanent Funds and Endowments:

Expendable 157,611 150,270 7,901 11,716 Nonexpendable 83,274 87,679 64,712 61,159 Other Purposes 101,209 88,686 56,296 631,921 Unrestricted (1,734,088) (1,416,530) 2,388,381 2,151,987

TOTAL NET POSITION 4,981,653$ 4,497,828$ 7,289,798$ 6,688,706$

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 249

BUSINESS-TYPE ACTIVITIES

2,011,437$ 1,306,800$ 1,176,181$ 1,220,190$ 1,555,782$ 1,430,836$ 160,099 273,605 253,270 386,948 272,804 326,087 159,303 186,161 90,005 73,326 82,431 81,745 330,216 302,042 282,053 245,768 239,790 219,488 218,667 177,822 158,787 142,961 125,894 126,391 (15,964) (18,620) (14,153) (14,617) (14,545) (13,756) 18,715 19,736 14,474 12,630 16,348 15,334 53,318 43,600 42,779 42,467 42,271 38,000 24,160 18,018 19,244 20,091 17,055 15,751

2,959,951 2,309,164 2,022,640 2,129,764 2,337,830 2,239,876

372,457 409,652 353,164 368,308 446,681 149,811 293,711 98,146 239,719 201,025 259,115 555,310 80,975 24,980 239,041 1,916,974 1,716,722 1,408,588

1,769,909 1,623,569 1,206,671 1,154,901 1,008,382 972,922 114,118 122,939 119,387 123,599 119,650 112,693

5,250,256 4,662,346 3,912,771 3,594,383 3,464,979 2,851,692 1,019,556 938,544 1,207,048 928,243 576,755 835,182

8,900,982 7,880,176 7,277,801 8,287,433 7,592,284 6,886,198

11,860,933 10,189,340 9,300,441 10,417,197 9,930,114 9,126,074

5,005 - 7,778 - - -

623,458 556,294 596,926 506,318 467,741 413,788

53,622 331,246 406,275 182,922 26,885 38,501 - - - - - -

123 524 466 930 1,112 273 237,530 234,662 232,371 207,551 190,528 183,805 - - - - - - 14,942 14,579 13,035 12,753 12,745 12,578

- - - - 7,398 11,717 5,853 4,950 6,672 6,282 5,976 4,950

243,601 79,106 100,329 85,456 75,567 62,998 15,721

110,667 141,484 126,232 241,129 208,542 126,574 1,305,517 1,362,845 1,482,306 1,243,341 996,494 855,184

219,026 205,621 196,295 185,420 166,402 153,320 36,472 35,373 29,461 27,541 28,482 28,220 33,185 43,466 76,702 83,206 83,113 63,671

- - - 4,285 4,285 - 12,994 6,182 7,778 - - -

3,938,320 3,117,100 2,682,987 3,917,559 3,466,484 3,100,764 1,758 2,374 2,501 723 1,233 -

139,653 105,876 47,259 31,689 15,775 - 39,015 43,814 36,450 43,321 40,756 54,097

4,420,423 3,559,806 3,079,433 4,293,744 3,806,530 3,400,072 5,725,940 4,922,651 4,561,739 5,537,085 4,803,024 4,255,256

- 2,006 - - - -

3,386,411 2,990,094 2,854,803 2,665,270 2,411,662 2,256,929

64,433 - - 392,984 765,533 675,574 7,464 6,753 6,100 111,778 180,409 125,656

10,005 12,368 16,257 21,282 33,716 37,472 6,975 5,936 6,825 6,935 9,592 5,313

38,798 73,956 71,738 70,420 74,479 97,821 629,655 657,292 630,890 582,006 491,492 411,112

1,996,257 1,518,284 1,159,867 1,029,437 1,160,207 1,260,941 6,139,998$ 5,264,683$ 4,746,480$ 4,880,112$ 5,127,090$ 4,870,818$

250 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

2015-16 2014-15 2013-14 2012-13

ASSETS:

Current Assets:

Cash and Pooled Cash 5,228,869$ 5,151,634$ 4,548,471$ 4,718,934$ Investments 392,188 378,115 263,204 285,319 Taxes Receivable, net 1,374,823 1,395,148 1,359,836 1,256,299 Other Receivables, net 1,213,319 881,111 618,426 571,288 Due From Other Governments 534,913 921,724 721,418 524,439 Internal Balances - - - - Due From Component Units 18,535 11,505 23,770 19,088 Inventories 108,009 112,144 107,140 108,145 Prepaids, Advances and Deposits 96,224 96,103 110,458 82,271 Total Current Assets 8,966,880 8,947,484 7,752,723 7,565,783

Noncurrent Assets:

Restricted Assets:

Restricted Cash and Pooled Cash 2,381,846 2,640,471 2,984,903 2,150,666 Restricted Investments 900,202 1,007,923 961,450 890,492 Restricted Receivables 550,037 394,909 303,584 221,319 Investments 2,160,409 2,249,255 2,325,132 2,210,613 Other Long-Term Assets 805,234 766,110 785,729 868,840 Depreciable Capital Assets and Infrastructure, net 17,026,249 15,963,006 15,477,121 14,776,024 Land and Nondepreciable Capital Assets 3,504,351 3,756,822 3,301,974 3,400,530 Depreciable Capital Assets for Investment 33,055 - - - Total Noncurrent Assets 27,361,383 26,778,496 26,139,893 24,518,484

TOTAL ASSETS 36,328,263 35,725,980 33,892,616 32,084,267

DEFERRED OUTFLOW OF RESOURCES: 1,468,614 699,431 136,392 551

LIABILITIES:

Current Liabilities:

Tax Refunds Payable 856,076 669,992 718,211 718,077 Accounts Payable and Accrued Liabilities 1,937,929 2,118,434 1,703,046 1,344,796 TABOR Refund Liability (Note 8B) 31,358 173,346 706 706 Due To Other Governments 271,339 255,135 276,105 233,122 Due To Other Funds - - - - Due To Component Units 645 623 543 424 Unearned Revenue 429,991 507,575 438,938 400,134 Obligations Under Securities Lending - - - - Accrued Compensated Absences 34,283 33,145 28,587 27,564 Claims and Judgments Payable 46,343 47,682 61,623 46,873 Leases Payable 37,393 36,378 33,551 26,579 Notes, Bonds, and COPs Payable 438,969 452,922 432,276 408,151 Other Postemployment Benefits - - 14,076 17,052 Other Current Liabilities 169,290 144,106 147,012 157,702 Total Current Liabilities 4,253,616 4,439,338 3,854,674 3,381,180 Noncurrent Liabilities: Due to Other Funds Deposits Held In Custody For Others 110 139 139 17 Accrued Compensated Absences 447,875 418,417 396,140 374,742 Claims and Judgments Payable 315,667 341,245 342,573 362,444 Capital Lease Payable 170,398 190,232 183,637 166,159 Capital Lease Payable To Component Units - - - - Derivative Instrument Liability 13,222 9,515 8,566 8,333 Notes, Bonds, and COPs Payable 5,654,558 5,750,219 5,672,452 5,509,485 Due to Component Units 1,631 1,661 1,743 1,755 Net Pension Liability 10,252,077 9,145,274 Other Postemployment Benefits 289,133 241,779 181,511 177,176 Other Long-Term Liabilities 444,238 507,330 447,722 456,090 Total Noncurrent Liabilities 17,588,909 16,605,811 7,234,483 7,056,201

TOTAL LIABILITIES 21,842,525 21,045,149 11,089,157 10,437,381

DEFERRED INFLOW OF RESOURCES: 383,433 85,642 338 -

Net investment in Capital Assets: 16,381,819 15,072,637 13,778,909 13,678,490 Restricted for:

Construction and Highway Maintenance 966,743 936,535 1,080,201 1,145,997 Education 772,593 1,206,223 1,752,791 1,265,476 Unemployment Insurance 740,049 620,575 402,770 218,076 Debt Service 153,722 132,200 84,614 41,552 Emergencies 251,328 251,328 187,150 195,350 Permanent Funds and Endowments:

Expendable 163,412 157,571 15,172 18,044 Nonexpendable 1,034,250 984,551 864,844 755,723 Other Purposes 818,394 715,335 414,990 981,732 Unrestricted (5,711,391) (4,782,333) 4,358,072 3,346,997

TOTAL NET POSITION 15,570,919$ 15,294,622$ 22,939,513$ 21,647,437$

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 251

TOTAL PRIMARY GOVERNMENT

3,980,768$ 2,855,235$ 3,139,115$ 3,437,901$ 4,188,383$ 3,886,261$ 161,825 319,153 268,494 388,446 273,369 327,085

1,171,450 1,016,891 947,251 993,412 1,028,508 1,037,894 486,342 449,810 440,113 428,308 428,137 372,706 537,127 664,477 675,035 618,958 481,413 407,028

18,852 19,798 14,558 12,696 16,411 15,399 70,375 63,437 59,247 58,650 58,974 52,053 78,121 74,561 57,835 53,335 40,845 44,278

6,504,860 5,463,362 5,601,648 5,991,706 6,516,040 6,142,704

2,151,870 2,045,128 1,926,089 2,181,673 2,508,224 1,839,514 884,794 1,195,943 927,033 895,336 879,440 1,107,521 262,907 198,327 434,794 2,101,094 1,903,740 1,687,728

2,186,583 1,675,912 1,735,730 1,253,716 1,105,125 1,053,617 826,854 884,437 764,254 723,619 562,561 538,579

14,852,772 13,993,641 13,602,687 5,954,419 5,747,624 4,140,000 2,923,160 2,719,489 2,844,272 11,408,681 10,868,005 12,635,157

24,088,940 22,712,877 22,234,859 24,518,538 23,574,719 23,002,116 30,593,800 28,176,239 27,836,507 30,510,244 30,090,759 29,144,820

5,005 - 7,778 - - -

661,829 625,145 664,781 633,722 561,117 486,576 1,300,929 1,341,790 1,444,476 1,285,326 1,305,052 1,108,390

706 706 706 706 706 727 281,851 548,202 587,959 406,337 210,581 215,365 - - - - - -

123 524 466 930 1,112 273 362,704 346,168 360,775 358,183 287,702 249,194 - - - - - - 24,801 24,320 23,322 21,683 22,521 22,111 44,858 44,641 44,181 36,936 45,173 52,665 20,240 17,822 18,056 14,509 11,978 7,757

406,271 224,271 742,774 722,522 649,717 520,248 15,721 - - - - -

127,198 155,232 146,664 250,947 220,336 136,189 3,247,231 3,328,821 4,034,160 3,731,801 3,315,995 2,799,495

16 14 13 16 16 17 351,420 342,760 334,519 326,095 295,162 269,582 366,988 375,376 376,855 385,912 364,118 324,094 140,227 138,182 162,448 166,792 137,142 91,320

- - - 4,285 4,285 - 12,994 6,182 7,778 - - -

5,552,613 4,738,849 4,237,951 5,064,519 4,741,204 4,491,435 1,758 2,374 2,501 723 1,233 -

139,653 105,876 47,259 31,689 15,775 - 466,843 478,008 439,049 441,095 258,549 261,069

7,032,512 6,187,621 5,608,373 6,421,126 5,817,484 5,437,517 10,279,743 9,516,442 9,642,533 10,152,927 9,133,479 8,237,012

- 2,006 - - - -

13,493,843 12,826,472 12,973,424 14,296,331 13,760,657 14,061,837 1,176,269 1,160,789 1,198,849 1,220,524 1,350,485 1,196,903

280,269 485,171 194,586 338,365 353,149 225,818 64,433 - - 392,984 765,533 675,574 28,917 16,880 10,193 112,336 180,967 126,214 82,855 97,768 110,257 114,832 126,716 123,232 12,999 13,953 17,955 15,523 11,925 7,095

723,751 715,758 714,886 694,039 662,212 613,818 970,473 972,374 769,716 779,924 723,024 710,889

3,485,253 2,368,626 2,211,886 2,392,459 3,022,612 3,166,428 20,319,062$ 18,657,791$ 18,201,752$ 20,357,317$ 20,957,280$ 20,907,808$

252 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

GOVERNMENT-WIDESCHEDULE OF CHANGES IN NET POSITIONPRIMARY GOVERNMENTLast Ten Fiscal Years

Functions/Programs 2015-16 2014-15 2013-14 2012-13 PROGRAM REVENUES:Charges for Services:

Licenses and Permits 518,820$ 501,319$ 472,215$ 447,232$ Service Fees 1,139,226 879,139 901,839 965,614 Education - Tuition, Fees, and Sales - - - - Fines and Forfeits 195,256 201,021 181,098 248,520 Rents and Royalties 142,752 199,067 182,893 133,901 Sales of Products 3,303 3,390 2,141 2,851 Unemployment Surcharge 30,768 29,381 28,635 25,724 Other 143,251 131,151 144,949 127,083

Operating Grants and Contributions 8,578,146 7,726,668 6,782,914 5,860,052 Capital Grants and Contributions 819,321 817,469 728,544 700,548

TOTAL PROGRAM REVENUES 11,570,843 10,488,605 9,425,228 8,511,525

EXPENSES:

General Government 485,611 449,261 447,359 555,507 Business, Community, and Consumer Affairs 777,458 711,558 641,182 584,300 Education 5,859,964 5,687,573 5,472,563 5,187,481 Health and Rehabilitation 2,898,841 822,556 720,997 697,795 Justice 2,209,158 2,075,534 1,840,989 1,655,057 Natural Resources 135,491 120,374 92,383 77,934 Social Assistance 8,825,599 9,627,104 8,089,560 7,174,711 Transportation 1,830,368 1,896,904 1,872,441 1,769,013 Payments to School Districts - - - - Payments to Other Governments - - - - Interest on Debt 62,021 59,078 53,094 16,284 Higher Education - - - - Unemployment Insurance - - - - CollegeInvest3 - - - - Lottery - - - - Wildlife - - - - College Assist - - - - Other Business-Type Activities - - - -

TOTAL EXPENSES 23,084,511 21,449,942 19,230,568 17,718,082

NET (EXPENSE) REVENUE (11,513,668) (10,961,337) (9,805,340) (9,206,557)

GENERAL REVENUES AND

OTHER CHANGES IN NET POSITION:

Sales and Use Taxes 2,940,839 2,762,222 2,754,977 2,498,006 Excise Taxes 290,276 267,858 236,761 240,895 Individual Income Tax 6,061,679 5,847,141 5,285,634 5,154,624 Corporate Income Tax 643,761 613,316 600,002 606,883 Other Taxes 410,277 673,275 617,612 453,305 Restricted Taxes 1,132,687 1,186,515 1,052,692 1,039,105 Unrestricted Investment Earnings (Losses) 15,705 11,992 17,312 16,842 Other General Revenues 107,005 96,613 112,958 97,402 Special and/or Extraordinary Items (See Note 35) - - - - (Transfers-Out) / Transfers-In (352,733) (256,738) (172,442) (128,535) Internal Capital Contributions (1,583) - - - Permanent Fund Additions 80 401 397 741

TOTAL GENERAL REVENUES AND

OTHER CHANGES IN NET POSITION: 11,247,993 11,202,595 10,505,903 9,979,268

TOTAL CHANGES IN NET POSITION (265,675) 241,258 700,563 772,711

NET POSITION - BEGINNING 10,796,794 15,649,715 14,958,731 14,179,064

Prior Period Adjustment 58,147 (6,626) 1,718 6,956 Accounting Changes - (5,087,553) (11,297) -

NET POSITION - ENDING 10,589,266$ 10,796,794$ 15,649,715$ 14,958,731$

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 253

GOVERNMENTAL ACTIVITIES

RESTATED

2011-12 2010-11 2009-10 2008-09 2007-08 2006-07

442,793$ 454,633$ 419,866$ 386,311$ 374,521$ 352,819$ 901,950 735,820 589,795 184,327 132,822 129,980

- - - 53 - - 187,344 200,432 218,892 203,259 155,692 126,612 147,946 128,588 79,518 85,811 78,889 68,270

1,626 4,974 3,854 5,040 4,592 3,703 19,307 18,611 19,329 19,369 21,512 22,346 84,828 89,509 67,460 61,168 57,622 64,964

5,884,031 6,218,836 5,885,657 5,065,429 4,222,670 4,122,360 600,300 659,288 607,383 485,711 439,693 414,602

8,270,125 8,510,691 7,891,754 6,496,478 5,488,013 5,305,656

224,382 192,579 189,865 308,410 217,939 163,412 600,068 667,929 662,854 705,037 667,381 565,769

5,205,123 5,432,143 5,096,032 5,208,705 5,017,551 4,771,218 703,684 696,539 659,187 644,699 603,296 560,153

1,555,294 1,538,363 1,527,857 1,543,310 1,436,009 1,313,767 93,900 149,878 144,445 137,159 131,658 138,457

6,746,574 6,397,426 6,091,958 5,220,295 4,660,287 4,496,696 1,777,488 1,974,009 2,105,688 1,376,215 1,459,295 1,213,138

40,935 32,487 33,203 20,393 37,567 42,269

16,947,448 17,081,353 16,511,089 15,164,223 14,230,983 13,264,879 (8,677,323) (8,570,662) (8,619,335) (8,667,745) (8,742,970) (7,959,223)

2,333,644 2,280,693 1,987,576 2,093,113 2,357,807 2,244,000 244,624 236,945 244,344 251,209 257,908 261,711

4,653,105 4,151,119 3,770,597 4,024,105 4,591,481 4,508,845 434,885 441,778 360,852 322,683 461,390 470,853 519,870 466,408 376,388 655,478 510,442 484,408 965,784 928,260 873,287 880,625 986,274 946,757 15,015 6,523 10,215 22,591 42,478 43,638 96,213 91,608 112,138 119,748 113,603 84,328

- - - (5,616) (6,843) (25,915) (135,407) (110,266) (94,993) (114,685) (77,732) (98,926)

595 460 357 - - -

9,128,328 8,493,528 7,640,761 8,249,251 9,236,808 8,919,699 451,005 (77,134) (978,574) (418,494) 493,838 960,476

13,393,108 13,455,272 15,477,205 15,830,190 16,036,990 15,083,865 334,951 14,970 (594,624) (118,647) (393,912) (7,351)

- - (448,735) 184,156 (306,726) - 14,179,064$ 13,393,108$ 13,455,272$ 15,477,205$ 15,830,190$ 16,036,990$

254 COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT

Functions/Programs 2015-16 2014-15 2013-14 2012-13 PROGRAM REVENUES:Charges for Services:

Licenses and Permits 159,704$ 157,971$ 141,770$ 133,315$ Service Fees 1,297,576 1,145,897 1,068,966 958,451 Education - Tuition, Fees, and Sales 3,005,967 2,881,240 2,672,136 2,512,026 Fines and Forfeits 4,101 3,968 15,470 12,860 Rents and Royalties 40,077 41,944 39,675 47,881 Sales of Products 661,084 605,101 607,744 636,115 Unemployment Surcharge 603,708 698,609 736,985 725,854 Other 165,237 155,707 154,424 159,162

Operating Grants and Contributions 2,449,163 2,281,931 2,569,038 2,730,519 Capital Grants and Contributions 42,996 78,304 56,899 96,655

TOTAL PROGRAM REVENUES 8,429,613 8,050,672 8,063,107 8,012,838

EXPENSES:

General Government - - - - Business, Community, and Consumer Affairs - - - - Education - - - - Health and Rehabilitation - - - - Justice - - - - Natural Resources - - - - Social Assistance - - - - Transportation - - - - Payments to School Districts - - - - Payments to Other Governments - - - - Interest on Debt - - - - Higher Education 6,446,902 6,004,484 5,618,507 5,258,665 Unemployment Insurance 531,607 530,130 756,484 1,055,148

CollegeInvest1 - - - - Lottery 517,847 474,578 477,434 501,010 Wildlife2 203,794 191,426 170,898 177,497 College Assist 320,774 338,631 341,684 407,229 Other Business-Type Activities 282,471 217,838 209,871 187,265

TOTAL EXPENSES 8,303,395 7,757,087 7,574,878 7,586,814

NET (EXPENSE) REVENUE 126,218 293,585 488,229 426,024

GENERAL REVENUES AND

OTHER CHANGES IN NET POSITION:

Sales and Use Taxes - - - - Excise Taxes - - - - Individual Income Tax - - - - Corporate Income Tax - - - - Other Taxes - 7 - - Restricted Taxes - - - - Unrestricted Investment Earnings (Losses) - - - - Other General Revenues - - - - Special and/or Extraordinary Items (See Note 35) - - (22,186) - (Transfers-Out) / Transfers-In 352,733 256,738 172,442 128,535 Internal Capital Contributions 10,183 - - - Permanent Fund Additions - - - -

TOTAL GENERAL REVENUES AND

OTHER CHANGES IN NET POSITION: 362,916 256,745 150,256 128,535

TOTAL CHANGES IN NET POSITION 489,134 550,330 638,485 554,559

NET POSITION - BEGINNING 4,497,828 7,289,798 6,688,706 6,139,998

Prior Period Adjustment (5,309) - (6,922) (5,851) Accounting Changes - (3,342,300) (30,471) -

NET POSITION - ENDING 4,981,653$ 4,497,828$ 7,289,798$ 6,688,706$

1 – Due to the disposition of the CollegeInvest loan portfolio and related variable debt, CollegeInvest was removed as a major fund in Fiscal Year 2010-11 and is subsequently reported as part of the Other Business-Type Activities.

2 – Parks and Wildlife after Fiscal Year 2010-11.

COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 255

BUSINESS-TYPE ACTIVITIES

131,496$ 120,910$ 106,946$ 119,611$ 84,395$ 84,302$ 865,326 874,990 607,485 681,807 667,504 575,555

2,406,696 2,243,375 1,999,358 1,957,505 1,867,806 1,734,996 9,561 1,945 2,836 1,118 999 1,174

65,236 29,507 24,648 29,908 32,399 26,271 624,407 592,794 590,758 560,364 579,935 520,838 828,530 791,317 491,716 363,241 398,046 403,641 152,448 153,321 167,930 173,354 165,804 140,376

3,165,718 3,689,492 3,957,310 2,214,186 1,728,669 1,685,417 132,067 25,432 24,619 20,220 9,426 22,263

8,381,485 8,523,083 7,973,606 6,121,314 5,534,983 5,194,833

5,068,481 4,755,385 4,451,541 4,153,282 3,865,244 3,661,270 1,571,321 2,141,728 2,496,188 1,138,621 354,967 316,577

- - 68,650 78,647 116,286 96,720 495,847 470,480 456,352 435,156 447,101 401,969 160,933 108,425 105,037 112,369 109,800 96,515 403,023 402,648 410,027 399,576 326,080 199,677 196,542 191,123 170,410 171,635 173,928 163,727

7,896,147 8,069,789 8,158,205 6,489,286 5,393,406 4,936,455 485,338 453,294 (184,599) (367,972) 141,577 258,378

- - - - 36,963 39,446

- 1,493 (79,575) - - -

135,407…