State of Connecticut

Statement of Revenues, Expenses and
Changes in Fund Net Assets
Proprietary Funds
For the Fiscal Year Ended June 30, 2010
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut
State
Universities
Bradley
Inter national
Airport
Connecticut
Lottery
Corporation
Operating Revenues        
Charges for Sales and Services $814,335 $334,945 $42,651 $996,847
Assessments - - - -
Federal Grants, Contracts and Other Aid 169,379 41,761 - -
State Grants, Contracts and Other Aid 26,086 16,025 - -
Private Gifts and Grants 39,749 2,708 - -
Interest on Loans - - - -
Other 63,317 17,580 - 173
Total Operating Revenues 1,112,866 413,019 42,651 997,020
Operating Expenses        
Salaries, Wages and Administrative 1,484,581 567,439 38,445 93,663
Lottery Prize Awards - - - 608,755
Unemployment Compensation - - - -
Claims Paid - - - -
Depreciation and Amortization 118,167 49,838 21,670 465
Other 85,385 22,896 - 7,916
Total Operating Expenses 1,688,133 640,173 60,115 710,799
Operating Income (Loss) (575,267) (227,154) (17,464) 286,221
Nonoperating Revenue (Expenses)        
Interest and Investment Income 3,864 1,562 1,214 12,871
Interest and Fiscal Charges (14,971) - (9,356) (12,773)
Other 19,425 (9,457) 12,652 3
Total Nonoperating Revenues (Expenses) 8,318 (7,895) 4,510 101
Income (Loss) Before Capital Contributions, Grants,        
Transfers, and Special Item (566,949) (235,049) (12,954) 286,322
Capital Contributions 2,396 4,990 10,150 -
Federal Capitalization Grants - - - -
Transfers In 649,974 254,807 9,849 -
Transfers Out - - - (285,500)
Special Item: Transfer to General Fund (18,000) (2,000) - -
Change in Net Assets 67,421 22,748 7,045 822
Total Net Assets (Deficit) - Beginning 1,745,589 772,363 265,688 6,595
Total Net Assets (Deficit) - Ending $1,813,010 $795,111 $272,733 $7,417

 

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean 
Water
Other
Funds
Totals Internal
Service
Funds
Operating Revenues          
Charges for Sales and Services $ - $ - $119,236 $2,308,014 $55,273
Assessments 699,381 - 29,490 728,871 -
Federal Grants, Contracts and Other Aid 1,480,063 - 72,948 1,764,151 -
State Grants, Contracts and Other Aid 15,826 - 16,786 74,723 -
Private Gifts and Grants - - 6,156 48,613 -
Interest on Loans - 17,686 1,678 19,364 -
Other 2,921 - 6,690 90,681 21
Total Operating Revenues 2,198,191 17,686 252,984 5,034,417 55,294
Operating Expenses          
Salaries, Wages and Administrative - 1,018 408,281 2,593,427 34,550
Lottery Prize Awards - - - 608,755 -
Unemployment Compensation 2,700,797 - - 2,700,797 -
Claims Paid - - 38,144 38,144 -
Depreciation and Amortization - - 23,183 213,323 17,099
Other - 7,484 39,276 162,957 -
Total Operating Expenses 2,700,797 8,502 508,884 6,317,403 51,649
Operating Income (Loss) (502,606) 9,184 (255,900) (1,282,986) 3,645
Nonoperating Revenue (Expenses)          
Interest and Investment Income 1,983 16,891 1,954 40,339 12
Interest and Fiscal Charges - (44,259) (6,269) (87,628) -
Other - 4,096 (11,821) 14,898 (13,204)
Total Nonoperating Revenues (Expenses) 1,983 (23,272) (16,136) (32,391) (13,192)
Income (Loss) Before Capital Contributions, Grants,          
Transfers, and Special Item (500,623) (14,088) (272,036) (1,315,377) (9,547)
Capital Contributions - - - 17,536 -
Federal Capitalization Grants - 25,975 11,695 37,670 -
Transfers In - 2,000 444,109 1,360,739 715
Transfers Out (3,528) - (9,849) (298,877) (100)
Special Item: Transfer to General Fund - - (1,000) (21,000) (5,100)
Change in Net Assets (504,151) 13,887 172,919 (219,309) (14,032)
Total Net Assets (Deficit) - Beginning 362,403 639,689 711,625 4,503,952 (10,659)
Total Net Assets (Deficit) - Ending $(141,748) $653,576 $884,544 $4,284,643 $(24,691)

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