Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2013
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut &
Health Center
State
Universities
Connecticut
 Community
 Colleges
Bradley
International
Airport
Cash Flows from Operating Activities
Receipts from Customers $890,645 $337,010 $95,679 $47,207
Payments to Suppliers (521,251) (169,812) (80,784) (24,378)
Payments to Employees (1,118,928) (427,166) (349,147) (17,871)
Other Receipts (Payments) 320,644 84,519 74,553 -
Net Cash Provided by (Used in) Operating Activities (428,890) (175,449) (259,699) 4,958
Cash Flows from Noncapital Financing Activities
Proceeds from Bonds Payable - - - -
Retirement of Bonds and Annuities Payable - - - -
Interest on Bonds and Annuities Payable - - - -
Transfers In 405,340 217,440 226,192 10,483
Transfers Out - - - -
Other Receipts (Payments) 29,024 5,050 13,095 -
Net Cash Flows from Noncapital Financing Activities 434,364 222,490 239,287 10,483
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment (238,476) (93,894) (13,174) (11,875)
Proceeds from Capital Debt - 34,060 - -
Principal Paid on Capital Debt (61,905) (16,211) - (14,245)
Interest Paid on Capital Debt (52,254) (10,300) - (6,106)
Transfer In 161,241 75,673 47,473 -
Federal Grant - - - -
Capital Contributions - - - 5,182
Other Receipts (Payments) 5,875 (293) (28,187) 31,316
Net Cash Flows from Capital and Related Financing Activities (185,519) (10,965) 6,112 4,272
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - 40,703 - -
Purchase of Investment Securities (21) (69,993) - (7,360)
Interest on Investments 990 340 153 263
(Increase) Decrease in Restricted Assets - - - -
Other Receipts (Payments) 2,061 - - -
Net Cash Flows from Investing Activities 3,030 (28,950) 153 (7,097)
Net Increase (Decrease) in Cash and Cash Equivalents (177,015) 7,126 (14,147) 12,616
Cash and Cash Equivalents - Beginning of Year 509,467 302,146 93,258 136,855
Cash and Cash Equivalents - End of Year $332,452 $309,272 $79,111 $149,471
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $(595,378) $(234,487) $(277,018) $(13,646)
Adjustments not Affecting Cash:
Depreciation and Amortization 124,078 54,976 27,436 17,671
Other 94,060 35 (10,830) -
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net (16,534) (7,661) (3,226) (422)
(Increase) Decrease in Due from Other Funds - - - -
(Increase) Decrease in Inventories and Other Assets (10,056) (272) 2,488 -
Increase (Decrease) in Accounts Payables & Accrued Liabilities (25,060) 11,732 1,451 1,355
Increase (Decrease) in Due to Other Funds - 228 - -
Total Adjustments 166,488 59,038 17,319 18,604
Net Cash Provided by (Used In) Operating Activities $(428,890) $(175,449) $(259,699) $4,958
Reconciliation of Cash and Cash Equivalents to the Statement
of Net Assets
Cash and Cash Equivalents - Current $289,584 $178,566 $18,270
Cash and Cash Equivalents - Noncurrent 1,438 130,706 -
Cash and Cash Equivalents - Restricted 41,430 - 131,201
$332,452 $309,272 $149,471

 

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean
Water
Other Totals Internal
Service
Funds
Cash Flows from Operating Activities
Receipts from Customers $855,456 $89,165 $65,869 $2,381,031 $51,876
Payments to Suppliers - (10,113) (8,136) (814,474) (21,848)
Payments to Employees - (714) (11,247) (1,925,073) (12,390)
Other Receipts (Payments) (849,282) (124,531) (35,379) (529,476) 245
Net Cash Provided by (Used in) Operating Activities 6,174 (46,193) 11,107 (887,992) 17,883
Cash Flows from Noncapital Financing Activities
Proceeds from Bonds Payable - 192,685 1,445 194,130 -
Retirement of Bonds and Annuities Payable - (70,578) (6,942) (77,520) -
Interest on Bonds and Annuities Payable - (33,057) (5,381) (38,438) -
Transfers In - - - 859,455 -
Transfers Out (3,665) (4,533) (10,730) (18,928) -
Other Receipts (Payments) - (128,961) (12,566) (94,358) (453)
Net Cash Flows from Noncapital Financing Activities (3,665) (44,444) (34,174) 824,341 (453)
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment - - (63) (357,482) (15,644)
Proceeds from Capital Debt - - - 34,060 -
Principal Paid on Capital Debt - - - (92,361) -
Interest Paid on Capital Debt - - - (68,660) -
Transfer In - - - 284,387 -
Federal Grant - 57,472 9,228 66,700 -
Capital Contributions - - - 5,182 -
Other Receipts (Payments) - - - 8,711 -
Net Cash Flows from Capital and Related Financing Activities - 57,472 9,165 (119,463) (15,644)
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - - - 40,703 -
Purchase of Investment Securities - - - (77,374) -
Interest on Investments - 13,242 1,143 16,131 3
(Increase) Decrease in Restricted Assets - 21,330 - 21,330 -
Other Receipts (Payments) - (3,121) 11,968 10,908 -
Net Cash Flows from Investing Activities - 31,451 13,111 11,698 3
Net Increase (Decrease) in Cash and Cash Equivalents 2,509 (1,714) (791) (171,416) 1,789
Cash and Cash Equivalents - Beginning of Year - 3,536 37,822 1,083,084 9,227
Cash and Cash Equivalents - End of Year $2,509 $1,822 $37,031 $911,668 $11,016
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $72,058 $6,689 $10,127 $(1,031,655) $7,709
Adjustments not Affecting Cash:
Depreciation and Amortization - - 1,215 225,376 6,297
Other - - - 83,265 -
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net (12,790) (52,882) (937) (94,452) (124)
(Increase) Decrease in Due from Other Funds 1,478 - - 1,478 (1,105)
(Increase) Decrease in Inventories and Other Assets - - (758) (8,598) 292
Increase (Decrease) in Accounts Payables & Accrued Liabilities (57,706) - 1,460 (66,768) 4,814
Increase (Decrease) in Due to Other Funds 3,134 - - 3,362 -
Total Adjustments (65,884) (52,882) 980 143,663 10,174
Net Cash Provided by (Used In) Operating Activities $6,174 $(46,193) $11,107 $(887,992) $17,883
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.