State of Connecticut

Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2009
(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 $819,476 $302,736 $43,916 $987,364
Payments to Suppliers (495,144) (177,892) (24,890) (28,776)
Payments to Employees (1,036,579) (400,950) (15,188) (13,997)
Other Receipts (Payments) 297,496 66,722 - (675,276)
Net Cash Provided by (Used in) Operating Activities (414,751) (209,384) 3,838 269,315
Cash Flows from Noncapital Financing Activities        
Proceeds from Sale of Bonds - - - -
Retirement of Bonds and Annuities Payable - - - (37,906)
Interest on Bonds and Annuities Payable - - - (15,994)
Transfers In 454,808 240,257 9,647 -
Transfers Out - - - (283,000)
Other Receipts (Payments) 23,437 3,192 - 7,913
Net Cash Flows from Noncapital Financing Activities 478,245 243,449 9,647 (328,987)
Cash Flows from Capital and Related Financing Activities        
Additions to Property, Plant and Equipment (93,504) (26,320) (19,707) (326)
Proceeds from Capital Debt 150,000 - - -
Principal Paid on Capital Debt (76,148) (19,163) (9,605) -
Interest Paid on Capital Debt (52,307) - (10,259) -
Transfer In 120,342 - - -
Federal Grant 2,182 - - -
Capital Contributions - 18,061 4,008 -
Other Receipts (Payments) 398 58 18,645 -
Net Cash Flows from Capital and Related Financing Activities 50,963 (27,364) (16,918) (326)
Cash Flows from Investing Activities        
Proceeds from Sales and Maturities of Investments - 3,040 - 37,792
Purchase of Investment Securities (37) (1,933) - (7,913)
Interest on Investments 10,984 5,104 3,558 16,504
(Increase) Decrease in Restricted Assets - - - -
Other Receipts (Payments) 969 - (834) -
Net Cash Flows from Investing Activities 11,916 6,211 2,724 46,383
Net Increase (Decrease) in Cash and Cash Equivalents 126,373 12,912 (709) (13,615)
Cash and Cash Equivalents - Beginning of Year 318,605 219,865 136,995 37,035
Cash and Cash Equivalents - End of Year $444,978 $232,777 $136,286 $23,420
Reconciliation of Operating Income (Loss) to Net Cash        
Provided by (Used In) Operating Activities        
Operating Income (Loss) $(621,678) $(265,765) $(15,583) $282,897
Adjustments not Affecting Cash:        
Depreciation and Amortization 117,969 50,375 17,863 477
Other 84,006 93 (13) 97
Change in Assets and Liabilities:        
(Increase) Decrease in Receivables, Net 5,442 (16,251) 1,294 (4,117)
(Increase) Decrease in Due from Other Funds (7,636) 305 - -
(Increase) Decrease in Inventories and Other Assets 1,790 (302) - (1,250)
Increase (Decrease) in Accounts Payables & Accrued Liabilities 5,356 22,161 277 (8,789)
Increase (Decrease) in Due to Other Funds - - - -
Total Adjustments 206,927 56,381 19,421 (13,582)
Net Cash Provided by (Used In) Operating Activities $(414,751) $(209,384) $3,838 $269,315
Reconciliation of Cash and Cash Equivalents to the Statement        
of Net Assets        
Cash and Cash Equivalents - Current $295,375 $127,199 $48,316  
Cash and Cash Equivalents - Noncurrent 1,472 105,578 -  
Cash and Cash Equivalents - Restricted 148,131 - 87,970  
  $444,978 $232,777 $136,286  

 

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 $594,302 $66,556 $169,483 $2,983,833 $89,477
Payments to Suppliers - - (85,468) (812,170) (37,258)
Payments to Employees - (441) (327,413) (1,794,568) (31,402)
Other Receipts (Payments) (588,689) (119,398) 71,408 (947,737) (4,004)
Net Cash Provided by (Used in) Operating Activities 5,613 (53,283) (171,990) (570,642) 16,813
Cash Flows from Noncapital Financing Activities          
Proceeds from Sale of Bonds - 365,960 29,675 395,635 -
Retirement of Bonds and Annuities Payable - (46,897) (115,258) (200,061) -
Interest on Bonds and Annuities Payable - (23,635) (1,794) (41,423) -
Transfers In - 982 235,320 941,014 -
Transfers Out (25,250) - (9,647) (317,897) -
Other Receipts (Payments) - 17,855 110,817 163,214 -
Net Cash Flows from Noncapital Financing Activities (25,250) 314,265 249,113 940,482 -
Cash Flows from Capital and Related Financing Activities          
Additions to Property, Plant and Equipment - - (12,104) (151,961) (22,534)
Proceeds from Capital Debt - - - 150,000 -
Principal Paid on Capital Debt - - - (104,916) -
Interest Paid on Capital Debt - - (3,437) (66,003) -
Transfer In - - 3,690 124,032 -
Federal Grant - 19,167 5,297 26,646 -
Capital Contributions - - - 22,069 -
Other Receipts (Payments) - - (47,362) (28,261) (130)
Net Cash Flows from Capital and Related Financing Activities - 19,167 (53,916) (28,394) (22,664)
Cash Flows from Investing Activities          
Proceeds from Sales and Maturities of Investments - - - 40,832 -
Purchase of Investment Securities - - - (9,883) -
Interest on Investments 19,637 17,723 6,266 79,776 87
(Increase) Decrease in Restricted Assets - (28,493) (11,630) (40,123) -
Other Receipts (Payments) - (268,409) (20,492) (288,766) (21)
Net Cash Flows from Investing Activities 19,637 (279,179) (25,856) (218,164) 66
Net Increase (Decrease) in Cash and Cash Equivalents - 970 (2,649) 123,282 (5,785)
Cash and Cash Equivalents - Beginning of Year - - 155,156 867,656 16,849
Cash and Cash Equivalents - End of Year $- $970 $152,507 $990,938 $11,064
Reconciliation of Operating Income (Loss) to Net Cash          
Provided by (Used In) Operating Activities          
Operating Income (Loss) $(372,620) $12,921 $(262,737) $(1,242,565) $6,608
Adjustments not Affecting Cash:          
Depreciation and Amortization - - 19,086 205,770 18,814
Other - - (4,673) 79,510 (4,700)
Change in Assets and Liabilities:          
(Increase) Decrease in Receivables, Net (21,011) (66,204) 64,419 (36,428) 593
(Increase) Decrease in Due from Other Funds (1,106) - - (8,437) 239
(Increase) Decrease in Inventories and Other Assets 367,290 - (310) 367,218 278
Increase (Decrease) in Accounts Payables & Accrued Liabilities - - 12,225 31,230 (5,019)
Increase (Decrease) in Due to Other Funds 33,060 - - 33,060 -
Total Adjustments 378,233 (66,204) 90,747 671,923 10,205
Net Cash Provided by (Used In) Operating Activities $5,613 $(53,283) $(171,990) $(570,642) $16,813
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.