State of Connecticut

Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2011
(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 $874,701 $341,521 $46,109 $1,015,647
Payments to Suppliers (560,883) (186,148) (24,323) (89,655)
Payments to Employees (1,067,381) (412,808) (16,928) (15,355)
Other Receipts (Payments) 351,667 83,325 - (620,600)
Net Cash Provided by (Used in) Operating Activities (401,896) (174,110) 4,858 290,037
Cash Flows from Noncapital Financing Activities        
Proceeds from Sale of Bonds - - - -
Retirement of Bonds and Annuities Payable - - - (31,166)
Interest on Bonds and Annuities Payable - - - (12,103)
Transfers In 461,762 245,786 10,056 -
Transfers Out - - - (289,300)
Other Receipts (Payments) 8,067 (9,583) - 9,127
Net Cash Flows from Noncapital Financing Activities 469,829 236,203 10,056 (323,442)
Cash Flows from Capital and Related Financing Activities        
Additions to Property, Plant and Equipment (137,635) (57,441) (13,413) (316)
Proceeds from Capital Debt - 41,045 152,380 -
Principal Paid on Capital Debt (95,962) (32,986) (172,075) -
Interest Paid on Capital Debt (52,730) (11,851) (9,448) -
Transfer In 127,907 40,995 - -
Federal Grant - - - -
Capital Contributions - - 6,073 -
Other Receipts (Payments) 1,526 25 6,584 -
Net Cash Flows from Capital and Related Financing Activities (156,894) (20,213) (29,899) (316)
Cash Flows from Investing Activities        
Proceeds from Sales and Maturities of Investments - 5,256 - 30,953
Purchase of Investment Securities (18) (30,739) - (11,027)
Interest on Investments 1,171 1,315 1,008 12,141
(Increase) Decrease in Restricted Assets - - - -
Other Receipts (Payments) 3,206 - 5,183 -
Net Cash Flows from Investing Activities 4,359 (24,168) 6,191 32,067
Net Increase (Decrease) in Cash and Cash Equivalents (84,602) 17,712 (8,794) (1,654)
Cash and Cash Equivalents - Beginning of Year 511,998 275,473 138,955 18,270
Cash and Cash Equivalents - End of Year $427,396 $293,185 $130,161 $16,616
Reconciliation of Operating Income (Loss) to Net Cash        
Provided by (Used In) Operating Activities        
Operating Income (Loss) $(612,220) $(212,044) $(13,142) $289,359
Adjustments not Affecting Cash:        
Depreciation and Amortization 120,410 51,471 17,861 452
Other 93,165 21 - 100
Change in Assets and Liabilities:        
(Increase) Decrease in Receivables, Net (1,382) (5,600) (336) (1,177)
(Increase) Decrease in Due from Other Funds - - - -
(Increase) Decrease in Inventories and Other Assets 2,965 -   (905)
Increase (Decrease) in Accounts Payables & Accrued Liabilities (4,834) (8,331) 475 2,208
Increase (Decrease) in Due to Other Funds - 373 - -
Total Adjustments 210,324 37,934 18,000 678
Net Cash Provided by (Used In) Operating Activities $(401,896) $(174,110) $4,858 $290,037
Reconciliation of Cash and Cash Equivalents to the Statement        
of Net Assets        
Cash and Cash Equivalents - Current $368,800 $176,958 $30,491  
Cash and Cash Equivalents - Noncurrent 1,356 116,227 -  
Cash and Cash Equivalents - Restricted 57,240 - 99,670  
  $427,396 $293,185 $130,161  

 

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 $792,322 $81,870 $155,149 $3,307,319 $49,678
Payments to Suppliers - (8,745) (88,550) (958,304) (29,098)
Payments to Employees - (691) (357,197) (1,870,360) (13,536)
Other Receipts (Payments) (782,830) (111,131) 83,653 (995,916) 1,836
Net Cash Provided by (Used in) Operating Activities 9,492 (38,697) (206,945) (517,261) 8,880
Cash Flows from Noncapital Financing Activities          
Proceeds from Sale of Bonds - 182,802 18,000 200,802 -
Retirement of Bonds and Annuities Payable - (67,310) (5,810) (104,286) -
Interest on Bonds and Annuities Payable - (32,724) (2,141) (46,968) -
Transfers In - - 275,361 992,965 -
Transfers Out (5,739) (2,812) (10,056) (307,907) -
Other Receipts (Payments) (3,753) (31,554) 1,003 (26,693) (440)
Net Cash Flows from Noncapital Financing Activities (9,492) 48,402 276,357 707,913 (440)
Cash Flows from Capital and Related Financing Activities          
Additions to Property, Plant and Equipment - - (6,708) (215,513) (8,591)
Proceeds from Capital Debt - - - 193,425 -
Principal Paid on Capital Debt - - - (301,023) -
Interest Paid on Capital Debt - - (3,378) (77,407) -
Transfer In - - 14,612 183,514 -
Federal Grant - 32,840 15,764 48,604 -
Capital Contributions - - - 6,073 -
Other Receipts (Payments) - - (74,970) (66,835) -
Net Cash Flows from Capital and Related Financing Activities - 32,840 (54,680) (229,162) (8,591)
Cash Flows from Investing Activities          
Proceeds from Sales and Maturities of Investments - - - 36,209 -
Purchase of Investment Securities - - - (41,784) -
Interest on Investments - 15,716 1,609 32,960 2
(Increase) Decrease in Restricted Assets - 630 - 630 -
Other Receipts (Payments) - (61,298) (13,651) (66,560) -
Net Cash Flows from Investing Activities - (44,952) (12,042) (38,545) 2
Net Increase (Decrease) in Cash and Cash Equivalents - (2,407) 2,690 (77,055) (149)
Cash and Cash Equivalents - Beginning of Year - 4,421 151,249 1,100,366 8,291
Cash and Cash Equivalents - End of Year $- $2,014 $153,939 $1,023,311 $8,142
Reconciliation of Operating Income (Loss) to Net Cash          
Provided by (Used In) Operating Activities          
Operating Income (Loss) $(130,080) $6,727 $(267,837) $(939,237) $(26,077)
Adjustments not Affecting Cash:          
Depreciation and Amortization - - 21,976 212,170 15,899
Other - - (8,736) 84,550 154
Change in Assets and Liabilities:          
(Increase) Decrease in Receivables, Net (12,693) (45,424) (434) (67,046) 95
(Increase) Decrease in Due from Other Funds (664) - - (664) (1,813)
(Increase) Decrease in Inventories and Other Assets (133,609) - 45,939 (85,610) 1,703
Increase (Decrease) in Accounts Payables & Accrued Liabilities 311,423 - 2,147 303,088 18,919
Increase (Decrease) in Due to Other Funds (24,885) - - (24,512) -
Total Adjustments 139,572 (45,424) 60,892 421,976 34,957
Net Cash Provided by (Used In) Operating Activities $9,492 $(38,697) $(206,945) $(517,261) $8,880
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.