State of Connecticut

Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2010
(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 $833,571 $336,975 $41,672 $1,003,607
Payments to Suppliers (516,953) (199,818) (26,391) (21,175)
Payments to Employees (1,026,434) (391,689) (14,479) (14,095)
Other Receipts (Payments) 320,530 79,630 - (671,744)
Net Cash Provided by (Used in) Operating Activities (389,286) (174,902) 802 296,593
Cash Flows from Noncapital Financing Activities        
Proceeds from Sale of Bonds - - - -
Retirement of Bonds and Annuities Payable - - - (35,049)
Interest on Bonds and Annuities Payable - - - (13,917)
Transfers In 462,767 243,014 9,849 -
Transfers Out - - - (285,500)
Other Receipts (Payments) 11,076 1,587 - 8,758
Net Cash Flows from Noncapital Financing Activities 473,843 244,601 9,849 (325,708)
Cash Flows from Capital and Related Financing Activities        
Additions to Property, Plant and Equipment (128,335) (30,148) (29,148) (347)
Proceeds from Capital Debt 105,000 - - -
Principal Paid on Capital Debt (79,655) (18,976) (10,145) -
Interest Paid on Capital Debt (53,523) - (9,789) -
Transfer In 134,588 19,739 - -
Federal Grant 595 - - -
Capital Contributions - - 18,368 -
Other Receipts (Payments) 607 - 5,930 -
Net Cash Flows from Capital and Related Financing Activities (20,723) (29,385) (24,784) (347)
Cash Flows from Investing Activities        
Proceeds from Sales and Maturities of Investments - 2,409 - 34,078
Purchase of Investment Securities (52) (1,694) - (10,658)
Interest on Investments 3,977 1,667 1,252 14,019
(Increase) Decrease in Restricted Assets - - - -
Other Receipts (Payments) (739) - 15,550 (13,127)
Net Cash Flows from Investing Activities 3,186 2,382 16,802 24,312
Net Increase (Decrease) in Cash and Cash Equivalents 67,020 42,696 2,669 (5,150)
Cash and Cash Equivalents - Beginning of Year 444,978 232,777 136,286 23,420
Cash and Cash Equivalents - End of Year $511,998 $275,473 $138,955 $18,270
Reconciliation of Operating Income (Loss) to Net Cash        
Provided by (Used In) Operating Activities        
Operating Income (Loss) $(575,267) $(227,154) $(17,464) $286,221
Adjustments not Affecting Cash:        
Depreciation and Amortization 118,167 49,838 21,670 465
Other 83,097 (140) - 80
Change in Assets and Liabilities:        
(Increase) Decrease in Receivables, Net 6,315 (9,575) (978) 6,809
(Increase) Decrease in Due from Other Funds (31,239) - - -
(Increase) Decrease in Inventories and Other Assets 2,567 (729)   846
Increase (Decrease) in Accounts Payables & Accrued Liabilities 7,074 12,875 (2,426) 2,172
Increase (Decrease) in Due to Other Funds - (17) - -
Total Adjustments 185,981 52,252 18,266 10,372
Net Cash Provided by (Used In) Operating Activities $(389,286) $(174,902) $802 $296,593
Reconciliation of Cash and Cash Equivalents to the Statement        
of Net Assets        
Cash and Cash Equivalents - Current $358,203 $170,121 $48,134  
Cash and Cash Equivalents - Noncurrent 1,473 105,352 -  
Cash and Cash Equivalents - Restricted 152,322 - 90,821  
  $511,998 $275,473 $138,955  

 

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 $676,222 $74,985 $152,144 $3,119,176 $57,837
Payments to Suppliers - (7,484) (81,474) (853,295) (35,597)
Payments to Employees - (988) (331,870) (1,779,555) (13,796)
Other Receipts (Payments) (1,173,131) (108,977) (116,978) (1,670,670) (5,765)
Net Cash Provided by (Used in) Operating Activities (496,909) (42,464) (378,178) (1,184,344) 2,679
Cash Flows from Noncapital Financing Activities          
Proceeds from Sale of Bonds - 115,835 - 115,835 -
Retirement of Bonds and Annuities Payable - (53,745) (5,614) (94,408) -
Interest on Bonds and Annuities Payable - (37,113) (2,405) (53,435) -
Transfers In - 2,000 242,857 960,487 -
Transfers Out (3,527) - (9,849) (298,876) -
Other Receipts (Payments) 498,453 (64,430) (3,578) 451,866 (13,205)
Net Cash Flows from Noncapital Financing Activities 494,926 (37,453) 221,411 1,081,469 (13,205)
Cash Flows from Capital and Related Financing Activities          
Additions to Property, Plant and Equipment - - (7,625) (195,603) (375)
Proceeds from Capital Debt - - - 105,000 -
Principal Paid on Capital Debt - - - (108,776) -
Interest Paid on Capital Debt - - (3,620) (66,932) -
Transfer In - - 202,412 356,739 -
Federal Grant - 16,998 11,568 29,161 -
Capital Contributions - - - 18,368 -
Other Receipts (Payments) - - (45,995) (39,458) 8,116
Net Cash Flows from Capital and Related Financing Activities - 16,998 156,740 98,499 7,741
Cash Flows from Investing Activities          
Proceeds from Sales and Maturities of Investments - - - 36,487 -
Purchase of Investment Securities - - - (12,404) -
Interest on Investments 1,983 17,066 2,041 42,005 12
(Increase) Decrease in Restricted Assets - 7,703 1,507 9,210 -
Other Receipts (Payments) - 41,601 (4,779) 38,506 -
Net Cash Flows from Investing Activities 1,983 66,370 (1,231) 113,804 12
Net Increase (Decrease) in Cash and Cash Equivalents - 3,451 (1,258) 109,428 (2,773)
Cash and Cash Equivalents - Beginning of Year - 970 152,507 990,938 11,064
Cash and Cash Equivalents - End of Year $ - $4,421 $151,249 $1,100,366 $8,291
Reconciliation of Operating Income (Loss) to Net Cash          
Provided by (Used In) Operating Activities          
Operating Income (Loss) $(502,606) $9,184 $(255,900) $(1,282,986) $3,645
Adjustments not Affecting Cash:          
Depreciation and Amortization - - 23,183 213,323 17,099
Other - - (8,712) 74,325 (4,485)
Change in Assets and Liabilities:          
(Increase) Decrease in Receivables, Net (23,088) (51,648) (146,628) (218,793) (4)
(Increase) Decrease in Due from Other Funds 264 - - (30,975) 2,568
(Increase) Decrease in Inventories and Other Assets 39,438 - 3,963 46,085 (1,301)
Increase (Decrease) in Accounts Payables & Accrued Liabilities 3,753 - 5,916 29,364 (14,843)
Increase (Decrease) in Due to Other Funds (14,670) - - (14,687) -
Total Adjustments 5,697 (51,648) (122,278) 98,642 (966)
Net Cash Provided by (Used In) Operating Activities $(496,909) $(42,464) $(378,178) $(1,184,344) $2,679
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.