| 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.