State of Connecticut

Statement of Revenues, Expenses and
Changes in Fund Net Assets
Proprietary Funds
For the Fiscal Year Ended June 30, 2011
(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 $862,814 $346,091 $46,445 $1,016,614
Assessments - - - -
Federal Grants, Contracts and Other Aid 185,926 46,791 - -
State Grants, Contracts and Other Aid 35,732 15,241 - -
Private Gifts and Grants 28,910 2,918 - -
Interest on Loans - - - -
Other 68,605 16,957 - 78
Total Operating Revenues 1,181,987 427,998 46,445 1,016,692
Operating Expenses        
Salaries, Wages and Administrative 1,568,450 581,030 41,726 98,448
Lottery Prize Awards - - - 620,134
Unemployment Compensation - - - -
Claims Paid - - - -
Depreciation and Amortization 120,410 51,471 17,861 452
Other 105,347 7,541 - 8,299
Total Operating Expenses 1,794,207 640,042 59,587 727,333
Operating Income (Loss) (612,220) (212,044) (13,142) 289,359
Nonoperating Revenue (Expenses)        
Interest and Investment Income 1,198 1,295 990 11,097
Interest and Fiscal Charges (12,608) (11,471) (8,828) (11,064)
Federal Grants - - - -
Other 23,252 2,961 16,631 5
Total Nonoperating Revenues (Expenses) 11,842 (7,215) 8,793 38
Income (Loss) Before Capital Contributions, Grants,        
and Transfers (600,378) (219,259) (4,349) 289,397
Capital Contributions 1,989 17,263 6,001 -
Federal Capitalization Grants - - - -
Transfers In 567,600 270,475 10,056 -
Transfers Out (25,000) (13,000) - (289,300)
Special Item: Transfer to General Fund - - - -
Change in Net Assets (55,789) 55,479 11,708 97
Total Net Assets (Deficit) - Beginning 1,813,010 795,111 272,733 7,417
Total Net Assets (Deficit) - Ending $1,757,221 $850,590 $284,441 $7,514

 

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean 
Water
Other
Funds
Totals Internal
Service
Funds
Operating Revenues          
Charges for Sales and Services $- $- $119,044 $2,391,008 $51,398
Assessments 805,679 - 30,883 836,562 -
Federal Grants, Contracts and Other Aid 1,352,973 - 89,045 1,674,735 -
State Grants, Contracts and Other Aid 14,298 - 17,877 83,148 -
Private Gifts and Grants - - 4,426 36,254 -
Interest on Loans - 16,195 1,653 17,848 -
Other 3,685 - 5,603 94,928 109
Total Operating Revenues 2,176,635 16,195 268,531 5,134,483 51,507
Operating Expenses          
Salaries, Wages and Administrative - 723 434,012 2,724,389 61,685
Lottery Prize Awards - - - 620,134 -
Unemployment Compensation 2,306,715 - - 2,306,715 -
Claims Paid - - 31,760 31,760 -
Depreciation and Amortization - - 21,976 212,170 15,899
Other - 8,745 48,620 178,552 -
Total Operating Expenses 2,306,715 9,468 536,368 6,073,720 77,584
Operating Income (Loss) (130,080) 6,727 (267,837) (939,237) (26,077)
Nonoperating Revenue (Expenses)          
Interest and Investment Income - 15,416 1,584 31,580 2
Interest and Fiscal Charges - (36,005) (5,816) (85,792) -
Federal Grants - - -   154
Other - 4,265 140 47,254 (440)
Total Nonoperating Revenues (Expenses) - (16,324) (4,092) (6,958) (284)
Income (Loss) Before Capital Contributions, Grants,          
and Transfers (130,080) (9,597) (271,929) (946,195) (26,361)
Capital Contributions - - - 25,253 -
Federal Capitalization Grants - 23,838 14,846 38,684 -
Transfers In - - 289,627 1,137,758 -
Transfers Out (5,739) (2,812) (11,056) (346,907) -
Special Item: Transfer to General Fund - - - - -
Change in Net Assets (135,819) 11,429 21,488 (91,407) (26,361)
Total Net Assets (Deficit) - Beginning (141,748) 653,576 884,544 4,284,643 (24,691)
Total Net Assets (Deficit) - Ending $(277,567) $665,005 $906,032 $4,193,236 $(51,052)

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