Statement of Revenues, Expenses and | ||||
Changes in Fund Net Assets | ||||
Proprietary Funds | ||||
For the Fiscal Year Ended June 30, 2007 | ||||
(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 | $711,300 | $265,122 | $41,643 | $957,026 |
Assessments | - | - | - | - |
Federal Grants, Contracts and Other Aid | 148,535 | 29,947 | - | - |
State Grants, Contracts and Other Aid | 18,995 | 11,201 | - | - |
Private Gifts and Grants | 34,814 | 2,622 | - | - |
Interest on Loans | - | - | - | - |
Other | 59,982 | 18,351 | - | 178 |
Total Operating Revenues | 973,626 | 327,243 | 41,643 | 957,204 |
Operating Expenses | ||||
Salaries, Wages and Administrative | 1,308,653 | 507,096 | 38,636 | 91,996 |
Lottery Prize Awards | - | - | - | 579,854 |
Unemployment Compensation | - | - | - | - |
Claims Paid | - | - | - | - |
Depreciation and Amortization | 114,372 | 41,262 | 17,924 | 706 |
Other | 80,100 | 22,648 | - | 6,320 |
Total Operating Expenses | 1,503,125 | 571,006 | 56,560 | 678,876 |
Operating Income (Loss) | (529,499) | (243,763) | (14,917) | 278,328 |
Nonoperating Revenue (Expenses) | ||||
Interest and Investment Income | 18,169 | 13,610 | 8,072 | 21,341 |
Interest and Fiscal Charges | (15,901) | - | (10,684) | (19,752) |
Other | 34,096 | 3,127 | 13,599 | 11 |
Total Nonoperating Revenues (Expenses) | 36,364 | 16,737 | 10,987 | 1,600 |
Income (Loss) Before Capital Contributions, Grants, | ||||
and Transfers | (493,135) | (227,026) | (3,930) | 279,928 |
Capital Contributions | 3,030 | 7,169 | 3,536 | - |
Federal Capitalization Grants | - | - | - | - |
Transfers In | 552,872 | 236,899 | 9,254 | - |
Transfers Out | - | - | - | (279,000) |
Change in Net Assets | 62,767 | 17,042 | 8,860 | 928 |
Total Net Assets - Beginning (as restated) | 1,640,178 | 691,011 | 237,599 | 3,177 |
Total Net Assets - Ending | $1,702,945 | $708,053 | $246,459 | $4,105 |
Business-Type Activities Enterprise Funds |
Governmental Activities |
||||
---|---|---|---|---|---|
Employment Security |
Clean Water |
Other Funds |
Totals | Internal Service Funds |
|
Operating Revenues | |||||
Charges for Sales and Services | $- | $- | $135,099 | $2,110,190 | $86,677 |
Assessments | 549,638 | - | 55,717 | 605,355 | - |
Federal Grants, Contracts and Other Aid | 11,049 | - | 31,998 | 221,529 | - |
State Grants, Contracts and Other Aid | 6,002 | - | 10,543 | 46,741 | - |
Private Gifts and Grants | - | - | 1,666 | 39,102 | - |
Interest on Loans | - | 13,429 | 1,234 | 14,663 | - |
Other | 4,701 | - | 3,211 | 86,423 | 166 |
Total Operating Revenues | 571,390 | 13,429 | 239,468 | 3,124,003 | 86,843 |
Operating Expenses | |||||
Salaries, Wages and Administrative | - | 747 | 351,270 | 2,298,398 | 72,847 |
Lottery Prize Awards | - | - | - | 579,854 | - |
Unemployment Compensation | 585,803 | - | - | 585,803 | - |
Claims Paid | - | - | 36,584 | 36,584 | - |
Depreciation and Amortization | - | - | 15,580 | 189,844 | 19,743 |
Other | - | - | 15,323 | 124,391 | - |
Total Operating Expenses | 585,803 | 747 | 418,757 | 3,814,874 | 92,590 |
Operating Income (Loss) | (14,413) | 12,682 | (179,289) | (690,871) | (5,747) |
Nonoperating Revenue (Expenses) | |||||
Interest and Investment Income | 28,352 | 27,591 | 12,182 | 129,317 | 233 |
Interest and Fiscal Charges | - | (29,436) | (13,372) | (89,145) | (67) |
Other | - | 2,198 | 8,205 | 61,236 | (90) |
Total Nonoperating Revenues (Expenses) | 28,352 | 353 | 7,015 | 101,408 | 76 |
Income (Loss) Before Capital Contributions, Grants, | |||||
and Transfers | 13,939 | 13,035 | (172,274) | (589,463) | (5,671) |
Capital Contributions | - | - | - | 13,735 | - |
Federal Capitalization Grants | - | 12,737 | 18,597 | 31,334 | - |
Transfers In | 794 | 2,408 | 355,399 | 1,157,626 | - |
Transfers Out | (3,824) | - | (9,254) | (292,078) | - |
Change in Net Assets | 10,909 | 28,180 | 192,468 | 321,154 | (5,671) |
Total Net Assets - Beginning (as restated) | 762,997 | 563,057 | 381,924 | 4,279,943 | (8,831) |
Total Net Assets - Ending | $773,906 | $591,237 | $574,392 | $4,601,097 | $(14,502) |
The accompanying notes are an integral part of the financial statements.