| 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.