| 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.