| Statement of Cash Flows | ||||
| Proprietary Funds | ||||
| For the Fiscal Year Ended June 30, 2013 | ||||
| (Expressed in Thousands) | ||||
|
Business-Type Activities Enterprise Funds |
||||
|---|---|---|---|---|
|
University of Connecticut & Health Center |
State Universities |
Connecticut Community Colleges |
Bradley International Airport |
|
| Cash Flows from Operating Activities | ||||
| Receipts from Customers | $890,645 | $337,010 | $95,679 | $47,207 |
| Payments to Suppliers | (521,251) | (169,812) | (80,784) | (24,378) |
| Payments to Employees | (1,118,928) | (427,166) | (349,147) | (17,871) |
| Other Receipts (Payments) | 320,644 | 84,519 | 74,553 | - |
| Net Cash Provided by (Used in) Operating Activities | (428,890) | (175,449) | (259,699) | 4,958 |
| Cash Flows from Noncapital Financing Activities | ||||
| Proceeds from Bonds Payable | - | - | - | - |
| Retirement of Bonds and Annuities Payable | - | - | - | - |
| Interest on Bonds and Annuities Payable | - | - | - | - |
| Transfers In | 405,340 | 217,440 | 226,192 | 10,483 |
| Transfers Out | - | - | - | - |
| Other Receipts (Payments) | 29,024 | 5,050 | 13,095 | - |
| Net Cash Flows from Noncapital Financing Activities | 434,364 | 222,490 | 239,287 | 10,483 |
| Cash Flows from Capital and Related Financing Activities | ||||
| Additions to Property, Plant, and Equipment | (238,476) | (93,894) | (13,174) | (11,875) |
| Proceeds from Capital Debt | - | 34,060 | - | - |
| Principal Paid on Capital Debt | (61,905) | (16,211) | - | (14,245) |
| Interest Paid on Capital Debt | (52,254) | (10,300) | - | (6,106) |
| Transfer In | 161,241 | 75,673 | 47,473 | - |
| Federal Grant | - | - | - | - |
| Capital Contributions | - | - | - | 5,182 |
| Other Receipts (Payments) | 5,875 | (293) | (28,187) | 31,316 |
| Net Cash Flows from Capital and Related Financing Activities | (185,519) | (10,965) | 6,112 | 4,272 |
| Cash Flows from Investing Activities | ||||
| Proceeds from Sales and Maturities of Investments | - | 40,703 | - | - |
| Purchase of Investment Securities | (21) | (69,993) | - | (7,360) |
| Interest on Investments | 990 | 340 | 153 | 263 |
| (Increase) Decrease in Restricted Assets | - | - | - | - |
| Other Receipts (Payments) | 2,061 | - | - | - |
| Net Cash Flows from Investing Activities | 3,030 | (28,950) | 153 | (7,097) |
| Net Increase (Decrease) in Cash and Cash Equivalents | (177,015) | 7,126 | (14,147) | 12,616 |
| Cash and Cash Equivalents - Beginning of Year | 509,467 | 302,146 | 93,258 | 136,855 |
| Cash and Cash Equivalents - End of Year | $332,452 | $309,272 | $79,111 | $149,471 |
| Reconciliation of Operating Income (Loss) to Net Cash | ||||
| Provided by (Used In) Operating Activities | ||||
| Operating Income (Loss) | $(595,378) | $(234,487) | $(277,018) | $(13,646) |
| Adjustments not Affecting Cash: | ||||
| Depreciation and Amortization | 124,078 | 54,976 | 27,436 | 17,671 |
| Other | 94,060 | 35 | (10,830) | - |
| Change in Assets and Liabilities: | ||||
| (Increase) Decrease in Receivables, Net | (16,534) | (7,661) | (3,226) | (422) |
| (Increase) Decrease in Due from Other Funds | - | - | - | - |
| (Increase) Decrease in Inventories and Other Assets | (10,056) | (272) | 2,488 | - |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | (25,060) | 11,732 | 1,451 | 1,355 |
| Increase (Decrease) in Due to Other Funds | - | 228 | - | - |
| Total Adjustments | 166,488 | 59,038 | 17,319 | 18,604 |
| Net Cash Provided by (Used In) Operating Activities | $(428,890) | $(175,449) | $(259,699) | $4,958 |
| Reconciliation of Cash and Cash Equivalents to the Statement | ||||
| of Net Assets | ||||
| Cash and Cash Equivalents - Current | $289,584 | $178,566 | $18,270 | |
| Cash and Cash Equivalents - Noncurrent | 1,438 | 130,706 | - | |
| Cash and Cash Equivalents - Restricted | 41,430 | - | 131,201 | |
| $332,452 | $309,272 | $149,471 | ||
|
Business-Type Activities Enterprise Funds |
Governmental Activities |
||||
|---|---|---|---|---|---|
|
Employment Security |
Clean Water |
Other | Totals |
Internal Service Funds |
|
| Cash Flows from Operating Activities | |||||
| Receipts from Customers | $855,456 | $89,165 | $65,869 | $2,381,031 | $51,876 |
| Payments to Suppliers | - | (10,113) | (8,136) | (814,474) | (21,848) |
| Payments to Employees | - | (714) | (11,247) | (1,925,073) | (12,390) |
| Other Receipts (Payments) | (849,282) | (124,531) | (35,379) | (529,476) | 245 |
| Net Cash Provided by (Used in) Operating Activities | 6,174 | (46,193) | 11,107 | (887,992) | 17,883 |
| Cash Flows from Noncapital Financing Activities | |||||
| Proceeds from Bonds Payable | - | 192,685 | 1,445 | 194,130 | - |
| Retirement of Bonds and Annuities Payable | - | (70,578) | (6,942) | (77,520) | - |
| Interest on Bonds and Annuities Payable | - | (33,057) | (5,381) | (38,438) | - |
| Transfers In | - | - | - | 859,455 | - |
| Transfers Out | (3,665) | (4,533) | (10,730) | (18,928) | - |
| Other Receipts (Payments) | - | (128,961) | (12,566) | (94,358) | (453) |
| Net Cash Flows from Noncapital Financing Activities | (3,665) | (44,444) | (34,174) | 824,341 | (453) |
| Cash Flows from Capital and Related Financing Activities | |||||
| Additions to Property, Plant, and Equipment | - | - | (63) | (357,482) | (15,644) |
| Proceeds from Capital Debt | - | - | - | 34,060 | - |
| Principal Paid on Capital Debt | - | - | - | (92,361) | - |
| Interest Paid on Capital Debt | - | - | - | (68,660) | - |
| Transfer In | - | - | - | 284,387 | - |
| Federal Grant | - | 57,472 | 9,228 | 66,700 | - |
| Capital Contributions | - | - | - | 5,182 | - |
| Other Receipts (Payments) | - | - | - | 8,711 | - |
| Net Cash Flows from Capital and Related Financing Activities | - | 57,472 | 9,165 | (119,463) | (15,644) |
| Cash Flows from Investing Activities | |||||
| Proceeds from Sales and Maturities of Investments | - | - | - | 40,703 | - |
| Purchase of Investment Securities | - | - | - | (77,374) | - |
| Interest on Investments | - | 13,242 | 1,143 | 16,131 | 3 |
| (Increase) Decrease in Restricted Assets | - | 21,330 | - | 21,330 | - |
| Other Receipts (Payments) | - | (3,121) | 11,968 | 10,908 | - |
| Net Cash Flows from Investing Activities | - | 31,451 | 13,111 | 11,698 | 3 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 2,509 | (1,714) | (791) | (171,416) | 1,789 |
| Cash and Cash Equivalents - Beginning of Year | - | 3,536 | 37,822 | 1,083,084 | 9,227 |
| Cash and Cash Equivalents - End of Year | $2,509 | $1,822 | $37,031 | $911,668 | $11,016 |
| Reconciliation of Operating Income (Loss) to Net Cash | |||||
| Provided by (Used In) Operating Activities | |||||
| Operating Income (Loss) | $72,058 | $6,689 | $10,127 | $(1,031,655) | $7,709 |
| Adjustments not Affecting Cash: | |||||
| Depreciation and Amortization | - | - | 1,215 | 225,376 | 6,297 |
| Other | - | - | - | 83,265 | - |
| Change in Assets and Liabilities: | |||||
| (Increase) Decrease in Receivables, Net | (12,790) | (52,882) | (937) | (94,452) | (124) |
| (Increase) Decrease in Due from Other Funds | 1,478 | - | - | 1,478 | (1,105) |
| (Increase) Decrease in Inventories and Other Assets | - | - | (758) | (8,598) | 292 |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | (57,706) | - | 1,460 | (66,768) | 4,814 |
| Increase (Decrease) in Due to Other Funds | 3,134 | - | - | 3,362 | - |
| Total Adjustments | (65,884) | (52,882) | 980 | 143,663 | 10,174 |
| Net Cash Provided by (Used In) Operating Activities | $6,174 | $(46,193) | $11,107 | $(887,992) | $17,883 |
| 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.