| Statement of Cash Flows | ||||
| Proprietary Funds | ||||
| For the Fiscal Year Ended June 30, 2006 | ||||
| (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 | $686,015 | $266,586 | $39,368 | $968,922 |
| Payments to Suppliers | (417,981) | (4,751) | (21,417) | (35,607) |
| Payments to Employees | (869,093) | (328,794) | (13,218) | (12,641) |
| Other Receipts (Payments) | 261,263 | (111,486) | - | (639,738) |
| Net Cash Provided by (Used in) Operating Activities | (339,796) | (178,445) | 4,733 | 280,936 |
| Cash Flows from Noncapital Financing Activities | ||||
| Proceeds from Sale of Bonds | - | - | - | 16,948 |
| Retirement of Bonds and Annuities Payable | - | - | - | (48,437) |
| Interest on Bonds and Annuities Payable | - | - | - | (24,221) |
| Transfers In | 356,395 | 209,514 | 9,064 | - |
| Transfers Out | - | - | - | (284,865) |
| Other Receipts (Payments) | 16,397 | 5,048 | (1,283) | - |
| Net Cash Flows from Noncapital Financing Activities | 372,792 | 214,562 | 7,781 | (340,575) |
| Cash Flows from Capital and Related Financing Activities | ||||
| Additions to Property, Plant and Equipment | (106,569) | (79,065) | (11,999) | (305) |
| Proceeds from Capital Debt | 81,666 | 62,944 | - | - |
| Principal Paid on Capital Debt | (61,964) | (16,294) | (10,140) | - |
| Interest Paid on Capital Debt | (47,061) | - | (11,359) | - |
| Transfer In | 96,999 | - | - | - |
| Federal Grant | - | - | - | - |
| Capital Contributions | - | 20,415 | 1,153 | - |
| Other Receipts (Payments) | 8,963 | - | 14,712 | - |
| Net Cash Flows from Capital and Related Financing Activities | (27,966) | (12,000) | (17,633) | (305) |
| Cash Flows from Investing Activities | ||||
| Proceeds from Sales and Maturities of Investments | 631 | - | - | 48,109 |
| Purchase of Investment Securities | - | (55) | - | (16,948) |
| Interest on Investments | 13,503 | 11,879 | 6,323 | 25,667 |
| (Increase) Decrease in Restricted Assets | - | - | - | - |
| Other Receipts (Payments) | (942) | - | - | - |
| Net Cash Flows from Investing Activities | 13,192 | 11,824 | 6,323 | 56,828 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 18,222 | 35,941 | 1,204 | (3,116) |
| Cash and Cash Equivalents -Beginning of Year | 286,656 | 178,828 | 109,169 | 26,767 |
| Cash and Cash Equivalents -End of Year | $304,878 | $214,769 | $110,373 | $23,651 |
| Reconciliation of Operating Income (Loss) to Net Cash | ||||
| Provided by (Used In) Operating Activities | ||||
| Operating Income (Loss) | $(508,926) | $(231,694) | $(11,939) | $283,360 |
| Adjustments not Affecting Cash: | ||||
| Depreciation and Amortization | 110,278 | 39,103 | 17,603 | 623 |
| Other | 55,984 | (34) | - | 57 |
| Change in Assets and Liabilities: | ||||
| (Increase) Decrease in Receivables, Net | (17,782) | (2,264) | (166) | 36,933 |
| (Increase) Decrease in Due from Other Funds | 5,183 | - | - | - |
| (Increase) Decrease in Inventories and Other Assets | (4,217) | 1,282 | - | (222) |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | 19,558 | 15,162 | (765) | (39,815) |
| Increase (Decrease) in Due to Other Funds | 126 | - | - | - |
| Total Adjustments | 169,130 | 53,249 | 16,672 | (2,424) |
| Net Cash Provided by (Used In) Operating Activities | $(339,796) | $(178,445) | $4,733 | $280,936 |
| Reconciliation of Cash and Cash Equivalents to the Statement | ||||
| of Net Assets | ||||
| Cash and Cash Equivalents - Current | $214,352 | $93,818 | $33,239 | |
| Cash and Cash Equivalents - Noncurrent | 1,454 | 120,951 | - | |
| Cash and Cash Equivalents - Restricted | 89,072 | - | 77,134 | |
| $304,878 | $214,769 | $110,373 | ||
|
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 | $593,741 | $54,901 | $204,367 | $2,813,900 | $85,570 |
| Payments to Suppliers | - | - | (56,271) | (536,027) | (19,989) |
| Payments to Employees | - | (795) | (271,047) | (1,495,588) | (36,179) |
| Other Receipts (Payments) | (617,316) | (58,959) | (41,853) | (1,208,089) | (2,326) |
| Net Cash Provided by (Used in) Operating Activities | (23,575) | (4,853) | (164,804) | (425,804) | 27,076 |
| Cash Flows from Noncapital Financing Activities | |||||
| Proceeds from Sale of Bonds | - | - | - | 16,948 | - |
| Retirement of Bonds and Annuities Payable | - | (34,386) | (27,984) | (110,807) | - |
| Interest on Bonds and Annuities Payable | - | (21,988) | (10,745) | (56,954) | - |
| Transfers In | - | 3,595 | 196,199 | 774,767 | - |
| Transfers Out | (3,390) | - | (9,818) | (298,073) | - |
| Other Receipts (Payments) | - | (821) | 5,410 | 24,751 | - |
| Net Cash Flows from Noncapital Financing Activities | (3,390) | (53,600) | 153,062 | 350,632 | - |
| Cash Flows from Capital and Related Financing Activities | |||||
| Additions to Property, Plant and Equipment | - | - | (7,991) | (205,929) | (29,775) |
| Proceeds from Capital Debt | - | - | - | 144,610 | - |
| Principal Paid on Capital Debt | - | - | - | (88,398) | - |
| Interest Paid on Capital Debt | - | - | (3,099) | (61,519) | - |
| Transfer In | - | - | 71,339 | 168,338 | - |
| Federal Grant | - | 19,730 | 6,637 | 26,367 | - |
| Capital Contributions | - | - | - | 21,568 | - |
| Other Receipts (Payments) | - | - | (20,438) | 3,237 | (85) |
| Net Cash Flows from Capital and Related Financing Activities | - | 19,730 | 46,448 | 8,274 | (29,860) |
| Cash Flows from Investing Activities | |||||
| Proceeds from Sales and Maturities of Investments | - | - | - | 48,740 | - |
| Purchase of Investment Securities | - | - | - | (17,003) | - |
| Interest on Investments | 26,965 | 20,219 | 7,779 | 112,335 | 176 |
| (Increase) Decrease in Restricted Assets | - | - | (752) | (752) | - |
| Other Receipts (Payments) | - | 19,717 | (2,983) | 15,792 | - |
| Net Cash Flows from Investing Activities | 26,965 | 39,936 | 4,044 | 159,112 | 176 |
| Net Increase (Decrease) in Cash and Cash Equivalents | - | 1,213 | 38,750 | 92,214 | (2,608) |
| Cash and Cash Equivalents -Beginning of Year | - | 4,360 | 83,137 | 688,917 | 19,512 |
| Cash and Cash Equivalents -End of Year | $- | $5,573 | $121,887 | $781,131 | $16,904 |
| Reconciliation of Operating Income (Loss) to Net Cash | |||||
| Provided by (Used In) Operating Activities | |||||
| Operating Income (Loss) | $12,773 | $11,587 | $(153,521) | $(598,360) | $3,871 |
| Adjustments not Affecting Cash: | |||||
| Depreciation and Amortization | - | - | 15,546 | 183,153 | 18,911 |
| Other | - | - | (3,879) | 52,128 | - |
| Change in Assets and Liabilities: | |||||
| (Increase) Decrease in Receivables, Net | 23,997 | (16,440) | (27,415) | (3,137) | (3,600) |
| (Increase) Decrease in Due from Other Funds | 357 | - | - | 5,540 | 2,980 |
| (Increase) Decrease in Inventories and Other Assets | (59,529) | - | 819 | (61,867) | 1,076 |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | - | - | 3,646 | (2,214) | 3,838 |
| Increase (Decrease) in Due to Other Funds | (1,173) | - | - | (1,047) | - |
| Total Adjustments | (36,348) | (16,440) | (11,283) | 172,556 | 23,205 |
| Net Cash Provided by (Used In) Operating Activities | $(23,575) | $(4,853) | $(164,804) | $(425,804) | $27,076 |
| 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.