Form Esd-Ark-501 - Application For Unemployment Insurance Benefits Page 9
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12Arkansas Department of Workforce Services
Financial Statements
Appendix A
Arkansas Department of Workforce Services
Unemployment Insurance Programs
June 30, 2011, 2010, 2009
BALANCE SHEET
At the Years Ended June 30
2011
2010
2009
Cash
$
134,112,619
$
95,842,701
$
7,767,621
Accounts receivable
Unemployment tax and overpayment receivables
121,817,087
116,555,520
82,705,439
Federal government
91,498
-
1,268,834
Interfund receivables
2,376,866
1,766,865
3,189,949
Other
5,785,968
6,842,610
10,775,964
TOTAL ASSETS
$
264,184,038
$
221,007,696
$
105,707,807
LIABILITIES AND FUND BALANCE
Accounts payable
$
61,688,891
$
83,587,796
$
102,294,452
Due to other funds
25,000
-
1,006,575
Due to other governments
1,852,173
2,035,664
726,729
Advances from federal government
360,129,539
330,853,383
69,853,670
TOTAL LIABILITIES
423,695,603
416,476,843
173,881,426
FUND BALANCE
(159,511,565)
(195,469,147)
(68,173,619)
TOTAL LIABILITIES AND FUND BALANCE
$
264,184,038
$
221,007,696
$
105,707,807
REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
For the Years Ended June 30
2011
2010
2009
REVENUES
Unemployment tax revenues
$
407,174,363
$
344,900,830
$
298,883,348
Investment revenue
185,109
736,825
4,180,958
Other State benefit reimbursements
20,403,796
32,733,551
24,568,164
Federal grants and reimbursements
377,261,293
563,289,741
240,496,833
TOTAL REVENUES
805,024,561
941,660,947
568,129,303
EXPENDITURES
Unemployed worker training expenses
5,017,343
8,268,932
8,327,589
Unemployment benefits
764,049,636
1,060,687,543
858,867,755
TOTAL EXPENDITURES
769,066,979
1,068,956,475
867,195,344
EXCESS OF REVENUES OVER EXPENDITURES
35,957,582
(127,295,528)
(299,066,041)
FUND BALANCE - JULY 1
(195,469,147)
(68,173,619)
230,892,422
FUND BALANCE - JUNE 30
$
(159,511,565)
$
(195,469,147)
$
(68,173,619)
Unaudited by the
SOURCE OF INFORMATION:
Division of Legislative Audit
AASIS funds 1770200 and 7008101
A-1
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