Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2015 BASIC FINANCIAL STATEMENTS - Statement of Net Assets Proprietary Funds

Statement of Net Position
Proprietary Funds
June 30, 2015
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut 		State
Universities		 Connecticut
Community
Colleges 		 
Assets
Current Assets:
Cash and Cash Equivalents $323,769 $197,787 $82,935
Deposits with U.S. Treasury - - -
Investments 652 68,570 -
Receivables:
Accounts, Net of Allowances 130,802 187,618 14,295
Loans, Net of Allowances 2,088 4,077 -
Interest - - -
From Other Governments - 2,552 -
Due from Other Funds 199,518 47,254 118,135
Inventories 10,655 - -
Restricted Assets 221,928 - -
Other Current Assets 32,598 4,504 1,222
Total Current Assets 922,010 512,362 216,587
Noncurrent Assets:
Cash and Cash Equivalents 1,429 132,903 -
Investments 14,661 35,087 -
Receivables:
Accounts, Net of Allowances - - -
Loans, Net of Allowances 10,649 9,075 197
Restricted Assets 735 - -
Capital Assets, Net of Accumulated Depreciation 2,300,148 1,175,183 649,126
Other Noncurrent Assets 3,430 1,216 -
Total Noncurrent Assets 2,331,052 1,353,464 649,323
Total Assets 3,253,062 1,865,826 865,910
Deferred Outflows of Resources
Unamortized Losses on Bond Refundings 5,200 - -
Other Deferred Outflows - 3,253 -
Total Deferred Outflows of Resources 5,200 3,253 -
Liabilities
Current Liabilities:
Accounts Payable and Accrued Liabilities 206,726 59,316 41,328
Due to Other Funds 17,604 4,131 -
Due to Other Governments - - -
Current Portion of Long-Term Obligations 70,599 24,160 1,993
Unearned Revenue - 223,751 2,879
Other Current Liabilities 72,785 19,420 428
Total Current Liabilities 367,714 330,778 46,628
Noncurrent Liabilities:
Noncurrent Portion of Long-Term Obligations 460,684 369,231 38,035
Total Noncurrent Liabilities 460,684 369,231 38,035
Total Liabilities 828,398 700,009 84,663
Deferred Inflows of Resources
Other Deferred Inflows - 16,902 -
Total Deferred Inflows of Resources - 16,902 -
Net Position (Deficit)
Net Investment in Capital Assets 1,789,007 1,016,668 649,126
Restricted For:
Debt Service - - -
Unemployment Compensation - - -
Clean and Drinking Water Projects - - -
Capital Projects 288,105 - -
Nonexpendable Purposes 13,091 467 20
Bond Indentures - - -
Loans 3,742 - -
Other Purposes 19,395 19,931 106,380
Unrestricted (Deficit) 316,524 115,102 25,721
Total Net Position (Deficit) $2,429,864 $1,152,168 $781,247

 

Business-TypeActivities
Enterprise Funds		 Governmental
Activities
Employment
Security 		Clean
Water 		Other
Funds 		Total Internal
Service
Funds
Assets
Current Assets:
Cash and Cash Equivalents $776 $4,105 $42,441 $651,813 $10,201
Deposits with U.S. Treasury 135,027 - - 135,027 -
Investments - - - 69,222 -
Receivables:
Accounts, Net of Allowances 188,585 - 7,990 529,290 671
Loans, Net of Allowances - 263,916 44,237 314,318 -
Interest - 7,418 723 8,141 -
From Other Governments 7,846 - 494 10,892 -
Due from Other Funds 625 - - 365,532 6,681
Inventories - - - 10,655 4,226
Restricted Assets - - - 221,928 -
Other Current Assets - 411 8 38,743 208
Total Current Assets 332,859 275,850 95,893 2,355,561 21,987
Noncurrent Assets:
Cash and Cash Equivalents - 251,576 75,763 461,671 -
Investments - 12,703 - 62,451 -
Receivables:
Accounts, Net of Allowances - - - - -
Loans, Net of Allowances - 738,099 77,088 835,108 -
Restricted Assets - 336,071 68,639 405,445 -
Capital Assets, Net of Accumulated Depreciation - - 26,988 4,151,445 57,445
Other Noncurrent Assets - - 438 5,084 -
Total Noncurrent Assets - 1,338,449 248,916 5,921,204 57,445
Total Assets 332,859 1,614,299 344,809 8,276,765 79,432
Deferred Outflows of Resources
Unamortized Losses on Bond Refundings - 7,470 203 12,873 -
Other Deferred Outflows - - - 3,253 -
Total Deferred Outflows of Resources - 7,470 203 16,126 -
Liabilities
Current Liabilities:
Accounts Payable and Accrued Liabilities 44 9,837 11,264 328,515 1,905
Due to Other Funds - - - 21,735 22,343
Due to Other Governments 757 - - 757 -
Current Portion of Long-Term Obligations - 73,802 10,300 180,854 79
Unearned Revenue - - - 226,630 -
Other Current Liabilities - - - 92,633 -
Total Current Liabilities 801 83,639 21,564 851,124 24,327
Noncurrent Liabilities:
Noncurrent Portion of Long-Term Obligations 103,054 806,684 148,171 1,925,859 2,036
Total Noncurrent Liabilities 103,054 806,684 148,171 1,925,859 2,036
Total Liabilities 103,855 890,323 169,735 2,776,983 26,363
Deferred Inflows of Resources
Other Deferred Inflows - - - 16,902 -
Total Deferred Inflows of Resources - - - 16,902 -
Net Position (Deficit)
Net Investment in Capital Assets - - (6,022) 3,448,779 57,445
Restricted For:
Debt Service - - 4,508 4,508 -
Unemployment Compensation - - - - -
Clean and Drinking Water Projects - 558,906 139,912 698,818 -
Capital Projects - - - 288,105 -
Nonexpendable Purposes - - - 13,578 -
Bond Indentures - - - - -
Loans - - - 3,742 -
Other Purposes - - - 145,706 -
Unrestricted (Deficit) 229,004 172,540 36,879 895,770 (4,376)
Total Net Position (Deficit) $229,004 $731,446 $175,277 $5,499,006 $53,069

The accompanying notes are an integral part of the financial statements.

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