State of Connecticut

Statement of Revenues, Expenses and
Changes in Fund Net Assets
Proprietary Funds
For the Fiscal Year Ended June 30, 2009
(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 $807,164 $306,912 $42,622 $991,303
Assessments - - - -
Federal Grants, Contracts and Other Aid 152,855 33,896 - -
State Grants, Contracts and Other Aid 27,853 16,073 - -
Private Gifts and Grants 40,132 3,044 - -
Interest on Loans - - - -
Other 60,576 13,707 - 173
Total Operating Revenues 1,088,580 373,632 42,622 991,476
Operating Expenses        
Salaries, Wages and Administrative 1,502,379 565,085 40,342 94,962
Lottery Prize Awards - - - 604,712
Unemployment Compensation - - - -
Claims Paid - - - -
Depreciation and Amortization 117,969 50,375 17,863 477
Other 89,910 23,937 - 8,428
Total Operating Expenses 1,710,258 639,397 58,205 708,579
Operating Income (Loss) (621,678) (265,765) (15,583) 282,897
Nonoperating Revenue (Expenses)        
Interest and Investment Income 10,089 4,533 3,304 15,174
Interest and Fiscal Charges (15,085) - (9,790) (14,670)
Other 18,850 3,255 11,101 6
Total Nonoperating Revenues (Expenses) 13,854 7,788 4,615 510
Income (Loss) Before Capital Contributions, Grants,        
Transfers, and Special Item (607,824) (257,977) (10,968) 283,407
Capital Contributions 3,814 49,537 10,406 -
Federal Capitalization Grants - - - -
Transfers In 688,737 248,412 9,647 -
Transfers Out - - - (283,000)
Special Item: Debt Reduction Transfer - - - -
Change in Net Assets 84,727 39,972 9,085 407
Total Net Assets (Deficit) - Beginning (as restated) 1,660,862 732,391 256,603 6,188
Total Net Assets (Deficit) - Ending $1,745,589 $772,363 $265,688 $6,595

 

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean 
Water
Other
Funds
Totals Internal
Service
Funds
Operating Revenues          
Charges for Sales and Services $- $- $132,856 $2,280,857 $88,644
Assessments 616,419 - 36,465 652,884 -
Federal Grants, Contracts and Other Aid 560,869 - 47,689 795,309 -
State Grants, Contracts and Other Aid 13,180 - 17,084 74,190 -
Private Gifts and Grants - - 3,699 46,875 -
Interest on Loans - 13,386 1,621 15,007 -
Other 10,718 - 3,590 88,764 30
Total Operating Revenues 1,201,186 13,386 243,004 3,953,886 88,674
Operating Expenses          
Salaries, Wages and Administrative - 465 425,447 2,628,680 63,252
Lottery Prize Awards - - - 604,712 -
Unemployment Compensation 1,573,806 - - 1,573,806 -
Claims Paid - - 38,352 38,352 -
Depreciation and Amortization - - 19,086 205,770 18,814
Other - - 22,856 145,131 -
Total Operating Expenses 1,573,806 465 505,741 5,196,451 82,066
Operating Income (Loss) (372,620) 12,921 (262,737) (1,242,565) 6,608
Nonoperating Revenue (Expenses)          
Interest and Investment Income 19,637 17,573 5,623 75,933 87
Interest and Fiscal Charges - (30,258) (5,691) (75,494) (45)
Other - 2,275 (110) 35,377 (106)
Total Nonoperating Revenues (Expenses) 19,637 (10,410) (178) 35,816 (64)
Income (Loss) Before Capital Contributions, Grants,          
Transfers, and Special Item (352,983) 2,511 (262,915) (1,206,749) 6,544
Capital Contributions - - - 63,757 3,450
Federal Capitalization Grants - 18,998 6,528 25,526 -
Transfers In - 983 243,708 1,191,487 -
Transfers Out (25,250) - (9,647) (317,897) (7,513)
Special Item: Debt Reduction Transfer - - 85,000 85,000 -
Change in Net Assets (378,233) 22,492 62,674 (158,876) 2,481
Total Net Assets (Deficit) - Beginning (as restated) 740,636 617,197 648,951 4,662,828 (13,140)
Total Net Assets (Deficit) - Ending $362,403 $639,689 $711,625 $4,503,952 $(10,659)

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