Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006 BASIC FINANCIAL STATEMENTS - Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds

State of Connecticut

Statement of Revenues, Expenses and
Changes in Fund Net Assets
Proprietary Funds
For the Fiscal Year Ended June 30, 2006
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut
State
Universities
Bradley
Inter national
Airport
Connecticut
Lottery
Corpor ation
Operating Revenues        
Charges for Sales and Services $689,693 $246,976 $39,535 $970,327
Assessments - - - -
Federal Grants, Contracts and Other Aid 146,526 29,530 - -
State Grants, Contracts and Other Aid 17,306 10,337    
Private Gifts and Grants 34,642 3,115 - -
Interest on Loans - - - -
Other 53,930 14,374 - 236
Total Operating Revenues 942,097 304,332 39,535 970,563
Operating Expenses        
Salaries, Wages and Administrative 1,230,130 474,854 33,871 92,904
Lottery Prize Awards - - - 587,388
Unemployment Compensation - - - -
Claims Paid - - - -
Depreciation and Amortization 110,278 39,103 17,603 623
Other 110,615 22,069 - 6,288
Total Operating Expenses 1,451,023 536,026 51,474 687,203
Operating Income (Loss) (508,926) (231,694) (11,939) 283,360
Nonoperating Revenue (Expenses)        
Interest and Investment Income 15,031 12,504 6,547 23,834
Interest and Fiscal Charges (13,032) - (11,151) (22,388)
Other 22,203 3,063 14,658 5
Total Nonoperating Revenues (Expenses) 24,202 15,567 10,054 1,451
Income (Loss) Before Capital Contributions, Grants,        
and Transfers (484,724) (216,127) (1,885) 284,811
Capital Contributions 9,966 68,077 2,039 -
Federal Capitalization Grants - - - -
Transfers In 496,727 229,901 9,064 -
Transfers Out - - - (284,865)
Change in Net Assets 21,969 81,851 9,218 (54)
Total Net Assets - Beginning 1,618,209 609,160 228,381 3,231
Total Net Assets - Ending $1,640,178 $691,011 $237,599 $3,177

 

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean 
Water
Other
Funds
Totals Internal
Service
Funds
Operating Revenues          
Charges for Sales and Services $- $- $137,761 $2,084,292 $86,190
Assessments 569,387 - 59,073 628,460 -
Federal Grants, Contracts and Other Aid 6,189 - 31,391 213,636 -
State Grants, Contracts and Other Aid 5,564   9,435 42,642 -
Private Gifts and Grants - - 990 38,747 -
Interest on Loans - 12,443 1,311 13,754 -
Other 4,235 - 11,397 84,172 762
Total Operating Revenues 585,375 12,443 251,358 3,105,703 86,952
Operating Expenses          
Salaries, Wages and Administrative - 856 335,144 2,167,759 64,170
Lottery Prize Awards - - - 587,388 -
Unemployment Compensation 572,602 - - 572,602 -
Claims Paid - - 38,752 38,752 -
Depreciation and Amortization - - 15,546 183,153 18,911
Other - - 15,437 154,409 -
Total Operating Expenses 572,602 856 404,879 3,704,063 83,081
Operating Income (Loss) 12,773 11,587 (153,521) (598,360) 3,871
Nonoperating Revenue (Expenses)          
Interest and Investment Income 26,964 20,575 7,932 113,387 176
Interest and Fiscal Charges - (25,220) (14,195) (85,986) (85)
Other - 1,713 3,817 45,459 -
Total Nonoperating Revenues (Expenses) 26,964 (2,932) (2,446) 72,860 91
Income (Loss) Before Capital Contributions, Grants,          
and Transfers 39,737 8,655 (155,967) (525,500) 3,962
Capital Contributions - - - 80,082 -
Federal Capitalization Grants - 19,764 6,536 26,300 -
Transfers In - 5,497 270,215 1,011,404 -
Transfers Out (3,390) (1,902) (9,590) (299,747) -
Change in Net Assets 36,347 32,014 111,194 292,539 3,962
Total Net Assets - Beginning 726,650 531,043 281,925 3,998,599 (12,793)
Total Net Assets - Ending $762,997 $563,057 $393,119 $4,291,138 $(8,831)

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