Statement of Revenues, Expenses and
Changes in Fund Net Assets
Proprietary Funds
For the Fiscal Year Ended June 30, 2012
(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 $893,631 $345,352 $47,622 $1,081,740
Assessments - - - -
Federal Grants, Contracts, and Other Aid 181,382 44,551 - -
State Grants, Contracts, and Other Aid 22,078 14,419 - -
Private Gifts and Grants 36,342 3,092 - -
Interest on Loans - - - -
Other 99,905 18,073 - 72
Total Operating Revenues 1,233,338 425,487 47,622 1,081,812
Operating Expenses
Salaries, Wages, and Administrative 1,528,513 567,033 40,368 103,246
Lottery Prize Awards - - - 659,898
Unemployment Compensation - - - -
Claims Paid - - - -
Depreciation and Amortization 119,353 51,764 16,920 448
Other 141,088 22,939 - 6,313
Total Operating Expenses 1,788,954 641,736 57,288 769,905
Operating Income (Loss) (555,616) (216,249) (9,666) 311,907
Nonoperating Revenue (Expenses)
Interest and Investment Income 1,016 1,107 399 9,538
Interest and Fiscal Charges (12,733) (10,356) (6,882) (9,505)
Federal Grants - - - -
Other 37,574 2,628 16,509 (1,893)
Total Nonoperating Revenues (Expenses) 25,857 (6,621) 10,026 (1,860)
Income (Loss) Before Capital Contributions, Grants,
and Transfers (529,759) (222,870) 360 310,047
Capital Contributions 2,768 2,856 5,761 -
Federal Capitalization Grants - - - -
Transfers In 703,276 258,550 10,267 -
Transfers Out - - - (310,000)
Special Item: Transfer to General Fund - - - -
Change in Net Assets 176,285 38,536 16,388 47
Total Net Assets (Deficit) - Beginning (as restated) 1,757,221 850,590 284,441 7,514
Total Net Assets (Deficit) - Ending $1,933,506 $889,126 $300,829 $7,561

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean
Water
Other
Funds
Totals Internal
Service
Funds
Operating Revenues
Charges for Sales and Services $- $- $118,227 $2,486,572 $54,503
Assessments 870,200 - 32,069 902,269 -
Federal Grants, Contracts, and Other Aid 980,542 - 90,198 1,296,673 -
State Grants, Contracts, and Other Aid 13,257 - 16,972 66,726 -
Private Gifts and Grants - - 6,177 45,611 -
Interest on Loans - 17,878 1,595 19,473 -
Other 3,757 - 5,720 127,527 92
Total Operating Revenues 1,867,756 17,878 270,958 4,944,851 54,595
Operating Expenses
Salaries, Wages, and Administrative - 1,433 431,256 2,671,849 36,878
Lottery Prize Awards - - - 659,898 -
Unemployment Compensation 1,823,464 - - 1,823,464 -
Claims Paid - - 31,903 31,903 -
Depreciation and Amortization - - 22,618 211,103 15,170
Other - 9,645 43,636 223,621 -
Total Operating Expenses 1,823,464 11,078 529,413 5,621,838 52,048
Operating Income (Loss) 44,292 6,800 (258,455) (676,987) 2,547
Nonoperating Revenue (Expenses)
Interest and Investment Income - 14,260 1,359 27,679 2
Interest and Fiscal Charges - (42,252) (6,233) (87,961) -
Federal Grants - - - - -
Other - 4,976 713 60,507 26
Total Nonoperating Revenues (Expenses) - (23,016) (4,161) 225 28
Income (Loss) Before Capital Contributions, Grants,
and Transfers 44,292 (16,216) (262,616) (676,762) 2,575
Capital Contributions - - - 11,385 2
Federal Capitalization Grants - 22,918 6,704 29,622 -
Transfers In - - 272,348 1,244,441 -
Transfers Out (3,364) (3,240) (10,267) (326,871) -
Special Item: Transfer to General Fund - - - - REF!
Change in Net Assets 40,928 3,462 6,169 281,815 2,577
Total Net Assets (Deficit) - Beginning (as restated) (277,567) 665,005 906,032 4,193,236 37,433
Total Net Assets (Deficit) - Ending $(236,639) $668,467 $912,201 $4,475,051 $40,010

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