| Statement of Cash Flows | ||||
| Proprietary Funds | ||||
| For the Fiscal Year Ended June 30, 2011 | ||||
| (Expressed in Thousands) | ||||
|
Business-Type Activities Enterprise Funds |
||||
|---|---|---|---|---|
|
University of Connecticut & Health Center |
State Universities |
Bradley International Airport |
Connecticut Lottery Corporation |
|
| Cash Flows from Operating Activities | ||||
| Receipts from Customers | $874,701 | $341,521 | $46,109 | $1,015,647 |
| Payments to Suppliers | (560,883) | (186,148) | (24,323) | (89,655) |
| Payments to Employees | (1,067,381) | (412,808) | (16,928) | (15,355) |
| Other Receipts (Payments) | 351,667 | 83,325 | - | (620,600) |
| Net Cash Provided by (Used in) Operating Activities | (401,896) | (174,110) | 4,858 | 290,037 |
| Cash Flows from Noncapital Financing Activities | ||||
| Proceeds from Sale of Bonds | - | - | - | - |
| Retirement of Bonds and Annuities Payable | - | - | - | (31,166) |
| Interest on Bonds and Annuities Payable | - | - | - | (12,103) |
| Transfers In | 461,762 | 245,786 | 10,056 | - |
| Transfers Out | - | - | - | (289,300) |
| Other Receipts (Payments) | 8,067 | (9,583) | - | 9,127 |
| Net Cash Flows from Noncapital Financing Activities | 469,829 | 236,203 | 10,056 | (323,442) |
| Cash Flows from Capital and Related Financing Activities | ||||
| Additions to Property, Plant and Equipment | (137,635) | (57,441) | (13,413) | (316) |
| Proceeds from Capital Debt | - | 41,045 | 152,380 | - |
| Principal Paid on Capital Debt | (95,962) | (32,986) | (172,075) | - |
| Interest Paid on Capital Debt | (52,730) | (11,851) | (9,448) | - |
| Transfer In | 127,907 | 40,995 | - | - |
| Federal Grant | - | - | - | - |
| Capital Contributions | - | - | 6,073 | - |
| Other Receipts (Payments) | 1,526 | 25 | 6,584 | - |
| Net Cash Flows from Capital and Related Financing Activities | (156,894) | (20,213) | (29,899) | (316) |
| Cash Flows from Investing Activities | ||||
| Proceeds from Sales and Maturities of Investments | - | 5,256 | - | 30,953 |
| Purchase of Investment Securities | (18) | (30,739) | - | (11,027) |
| Interest on Investments | 1,171 | 1,315 | 1,008 | 12,141 |
| (Increase) Decrease in Restricted Assets | - | - | - | - |
| Other Receipts (Payments) | 3,206 | - | 5,183 | - |
| Net Cash Flows from Investing Activities | 4,359 | (24,168) | 6,191 | 32,067 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (84,602) | 17,712 | (8,794) | (1,654) |
| Cash and Cash Equivalents - Beginning of Year | 511,998 | 275,473 | 138,955 | 18,270 |
| Cash and Cash Equivalents - End of Year | $427,396 | $293,185 | $130,161 | $16,616 |
| Reconciliation of Operating Income (Loss) to Net Cash | ||||
| Provided by (Used In) Operating Activities | ||||
| Operating Income (Loss) | $(612,220) | $(212,044) | $(13,142) | $289,359 |
| Adjustments not Affecting Cash: | ||||
| Depreciation and Amortization | 120,410 | 51,471 | 17,861 | 452 |
| Other | 93,165 | 21 | - | 100 |
| Change in Assets and Liabilities: | ||||
| (Increase) Decrease in Receivables, Net | (1,382) | (5,600) | (336) | (1,177) |
| (Increase) Decrease in Due from Other Funds | - | - | - | - |
| (Increase) Decrease in Inventories and Other Assets | 2,965 | - | (905) | |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | (4,834) | (8,331) | 475 | 2,208 |
| Increase (Decrease) in Due to Other Funds | - | 373 | - | - |
| Total Adjustments | 210,324 | 37,934 | 18,000 | 678 |
| Net Cash Provided by (Used In) Operating Activities | $(401,896) | $(174,110) | $4,858 | $290,037 |
| Reconciliation of Cash and Cash Equivalents to the Statement | ||||
| of Net Assets | ||||
| Cash and Cash Equivalents - Current | $368,800 | $176,958 | $30,491 | |
| Cash and Cash Equivalents - Noncurrent | 1,356 | 116,227 | - | |
| Cash and Cash Equivalents - Restricted | 57,240 | - | 99,670 | |
| $427,396 | $293,185 | $130,161 | ||
|
Business-Type Activities Enterprise Funds |
Governmental Activities |
||||
|---|---|---|---|---|---|
|
Employment Security |
Clean Water |
Other Funds |
Total |
Internal Service Funds |
|
| Cash Flows from Operating Activities | |||||
| Receipts from Customers | $792,322 | $81,870 | $155,149 | $3,307,319 | $49,678 |
| Payments to Suppliers | - | (8,745) | (88,550) | (958,304) | (29,098) |
| Payments to Employees | - | (691) | (357,197) | (1,870,360) | (13,536) |
| Other Receipts (Payments) | (782,830) | (111,131) | 83,653 | (995,916) | 1,836 |
| Net Cash Provided by (Used in) Operating Activities | 9,492 | (38,697) | (206,945) | (517,261) | 8,880 |
| Cash Flows from Noncapital Financing Activities | |||||
| Proceeds from Sale of Bonds | - | 182,802 | 18,000 | 200,802 | - |
| Retirement of Bonds and Annuities Payable | - | (67,310) | (5,810) | (104,286) | - |
| Interest on Bonds and Annuities Payable | - | (32,724) | (2,141) | (46,968) | - |
| Transfers In | - | - | 275,361 | 992,965 | - |
| Transfers Out | (5,739) | (2,812) | (10,056) | (307,907) | - |
| Other Receipts (Payments) | (3,753) | (31,554) | 1,003 | (26,693) | (440) |
| Net Cash Flows from Noncapital Financing Activities | (9,492) | 48,402 | 276,357 | 707,913 | (440) |
| Cash Flows from Capital and Related Financing Activities | |||||
| Additions to Property, Plant and Equipment | - | - | (6,708) | (215,513) | (8,591) |
| Proceeds from Capital Debt | - | - | - | 193,425 | - |
| Principal Paid on Capital Debt | - | - | - | (301,023) | - |
| Interest Paid on Capital Debt | - | - | (3,378) | (77,407) | - |
| Transfer In | - | - | 14,612 | 183,514 | - |
| Federal Grant | - | 32,840 | 15,764 | 48,604 | - |
| Capital Contributions | - | - | - | 6,073 | - |
| Other Receipts (Payments) | - | - | (74,970) | (66,835) | - |
| Net Cash Flows from Capital and Related Financing Activities | - | 32,840 | (54,680) | (229,162) | (8,591) |
| Cash Flows from Investing Activities | |||||
| Proceeds from Sales and Maturities of Investments | - | - | - | 36,209 | - |
| Purchase of Investment Securities | - | - | - | (41,784) | - |
| Interest on Investments | - | 15,716 | 1,609 | 32,960 | 2 |
| (Increase) Decrease in Restricted Assets | - | 630 | - | 630 | - |
| Other Receipts (Payments) | - | (61,298) | (13,651) | (66,560) | - |
| Net Cash Flows from Investing Activities | - | (44,952) | (12,042) | (38,545) | 2 |
| Net Increase (Decrease) in Cash and Cash Equivalents | - | (2,407) | 2,690 | (77,055) | (149) |
| Cash and Cash Equivalents - Beginning of Year | - | 4,421 | 151,249 | 1,100,366 | 8,291 |
| Cash and Cash Equivalents - End of Year | $- | $2,014 | $153,939 | $1,023,311 | $8,142 |
| Reconciliation of Operating Income (Loss) to Net Cash | |||||
| Provided by (Used In) Operating Activities | |||||
| Operating Income (Loss) | $(130,080) | $6,727 | $(267,837) | $(939,237) | $(26,077) |
| Adjustments not Affecting Cash: | |||||
| Depreciation and Amortization | - | - | 21,976 | 212,170 | 15,899 |
| Other | - | - | (8,736) | 84,550 | 154 |
| Change in Assets and Liabilities: | |||||
| (Increase) Decrease in Receivables, Net | (12,693) | (45,424) | (434) | (67,046) | 95 |
| (Increase) Decrease in Due from Other Funds | (664) | - | - | (664) | (1,813) |
| (Increase) Decrease in Inventories and Other Assets | (133,609) | - | 45,939 | (85,610) | 1,703 |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | 311,423 | - | 2,147 | 303,088 | 18,919 |
| Increase (Decrease) in Due to Other Funds | (24,885) | - | - | (24,512) | - |
| Total Adjustments | 139,572 | (45,424) | 60,892 | 421,976 | 34,957 |
| Net Cash Provided by (Used In) Operating Activities | $9,492 | $(38,697) | $(206,945) | $(517,261) | $8,880 |
| Reconciliation of Cash and Cash Equivalents to the Statement | |||||
| of Net Assets | |||||
| Cash and Cash Equivalents - Current | |||||
| Cash and Cash Equivalents - Noncurrent | |||||
| Cash and Cash Equivalents - Restricted | |||||
The accompanying notes are an integral part of the financial statements.