| Statement of Cash Flows | ||||
| Proprietary Funds | ||||
| For the Fiscal Year Ended June 30, 2014 | ||||
| (Expressed in Thousands) | ||||
|
Business-Type Activities Enterprise Funds |
||||
|---|---|---|---|---|
|
University of Connecticut & Health Center |
State Universities |
Connecticut Community Colleges |
Employment Security |
|
| Cash Flows from Operating Activities | ||||
| Receipts from Customers | $975,679 | $341,995 | $97,118 | $837,280 |
| Payments to Suppliers | (601,098) | (175,655) | (77,169) | - |
| Payments to Employees | (1,255,547) | (463,246) | (373,464) | - |
| Other Receipts (Payments) | 364,458 | 93,152 | 86,858 | (836,229) |
| Net Cash Provided by (Used in) Operating Activities | (516,508) | (203,754) | (266,657) | 1,051 |
| Cash Flows from Noncapital Financing Activities | ||||
| Retirement of Bonds and Annuities Payable | - | - | - | - |
| Interest on Bonds and Annuities Payable | - | - | - | - |
| Transfers In | 441,031 | 261,122 | 257,576 | - |
| Transfers Out | - | - | - | (3,560) |
| Other Receipts (Payments) | 26,105 | 5,011 | 12,482 | - |
| Net Cash Flows from Noncapital Financing Activities | 467,136 | 266,133 | 270,058 | (3,560) |
| Cash Flows from Capital and Related Financing Activities | ||||
| Additions to Property, Plant, and Equipment | (300,700) | (149,273) | (12,390) | - |
| Proceeds from Capital Debt | 309,000 | 80,340 | - | - |
| Principal Paid on Capital Debt | (17,810) | (18,052) | - | - |
| Interest Paid on Capital Debt | (50,069) | (13,565) | - | - |
| Transfer In | 225,553 | 122,151 | 20,474 | - |
| Federal Grant | - | - | - | - |
| Capital Contributions | - | - | - | - |
| Other Receipts (Payments) | 24,950 | (312) | (13,295) | - |
| Net Cash Flows from Capital and Related Financing Activities | 190,924 | 21,289 | (5,211) | - |
| Cash Flows from Investing Activities | ||||
| Proceeds from Sales and Maturities of Investments | - | 89,370 | - | - |
| Purchase of Investment Securities | (762) | (163,620) | - | - |
| Interest on Investments | 873 | 1,096 | 113 | - |
| (Increase) Decrease in Restricted Assets | - | - | - | - |
| Other Receipts (Payments) | 11 | - | - | - |
| Net Cash Flows from Investing Activities | 122 | (73,154) | 113 | - |
| Net Increase (Decrease) in Cash and Cash Equivalents | 141,674 | 10,514 | (1,697) | (2,509) |
| Cash and Cash Equivalents - Beginning of Year | 332,452 | 309,271 | 79,111 | 2,509 |
| Cash and Cash Equivalents - End of Year | $474,126 | $319,785 | $77,414 | $- |
| Reconciliation of Operating Income (Loss) to Net Cash | ||||
| Provided by (Used In) Operating Activities | ||||
| Operating Income (Loss) | $(752,460) | $(274,288) | $(301,503) | $124,094 |
| Adjustments not Affecting Cash: | ||||
| Depreciation and Amortization | 128,157 | 54,834 | 28,443 | - |
| Other | 161,229 | - | (9,180) | - |
| Change in Assets and Liabilities: | ||||
| (Increase) Decrease in Receivables, Net | (794) | 9,840 | (1,042) | 10,646 |
| (Increase) Decrease in Due from Other Funds | - | - | - | (148) |
| (Increase) Decrease in Inventories and Other Assets | 13,775 | (26) | 13,709 | - |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | (66,415) | 5,884 | 2,916 | (140,616) |
| Increase (Decrease) in Due to Other Funds | - | 2 | - | 7,075 |
| Total Adjustments | 235,952 | 70,534 | 34,846 | (123,043) |
| Net Cash Provided by (Used In) Operating Activities | $(516,508) | $(203,754) | $(266,657) | $1,051 |
| Reconciliation of Cash and Cash Equivalents to the Statement | ||||
| of Net Assets | ||||
| Cash and Cash Equivalents - Current | $262,656 | $192,285 | ||
| Cash and Cash Equivalents - Noncurrent | 1,432 | 127,500 | ||
| Cash and Cash Equivalents - Restricted | 210,038 | - | ||
| $474,126 | $319,785 | |||
| Noncash Financing Activity | ||||
| Mortgage Proceeds held by Trustee in Construction Escrow | $34,464 | $- | ||
| Accruals of Expenses Related to Construction in Progress | 12,080 | - | ||
| Fixed Assets Included in Accounts Payable | - | 4,202 | ||
| State Financed Plant Facilities | - | 6,164 | ||
| $46,544 | $10,366 | |||
|
Business-Type Activities Enterprise Funds |
Governmental Activities |
|||
|---|---|---|---|---|
|
Clean Water |
Other | Totals |
Internal Service Funds |
|
| Cash Flows from Operating Activities | ||||
| Receipts from Customers | $90,785 | $71,320 | $2,414,177 | $50,924 |
| Payments to Suppliers | (2,618) | (9,460) | (866,000) | (13,797) |
| Payments to Employees | (442) | (12,518) | (2,105,217) | (11,474) |
| Other Receipts (Payments) | (102,433) | (60,752) | (454,946) | (684) |
| Net Cash Provided by (Used in) Operating Activities | (14,708) | (11,410) | (1,011,986) | 24,969 |
| Cash Flows from Noncapital Financing Activities | ||||
| Retirement of Bonds and Annuities Payable | (70,603) | (7,847) | (78,450) | - |
| Interest on Bonds and Annuities Payable | (32,582) | (4,715) | (37,297) | - |
| Transfers In | 741 | 5,646 | 966,116 | - |
| Transfers Out | - | - | (3,560) | - |
| Other Receipts (Payments) | - | (11,802) | 31,796 | (12) |
| Net Cash Flows from Noncapital Financing Activities | (102,444) | (18,718) | 878,605 | (12) |
| Cash Flows from Capital and Related Financing Activities | ||||
| Additions to Property, Plant, and Equipment | - | (24) | (462,387) | (24,926) |
| Proceeds from Capital Debt | - | - | 389,340 | - |
| Principal Paid on Capital Debt | - | - | (35,862) | - |
| Interest Paid on Capital Debt | - | - | (63,634) | - |
| Transfer In | - | - | 368,178 | - |
| Federal Grant | 20,314 | 26,519 | 46,833 | - |
| Capital Contributions | - | - | - | - |
| Other Receipts (Payments) | - | - | 11,343 | - |
| Net Cash Flows from Capital and Related Financing Activities | 20,314 | 26,495 | 253,811 | (24,926) |
| Cash Flows from Investing Activities | ||||
| Proceeds from Sales and Maturities of Investments | - | - | 89,370 | - |
| Purchase of Investment Securities | - | - | (164,382) | - |
| Interest on Investments | 10,910 | 949 | 13,941 | 317 |
| (Increase) Decrease in Restricted Assets | 64,261 | - | 64,261 | - |
| Other Receipts (Payments) | 23,452 | 4,272 | 27,735 | - |
| Net Cash Flows from Investing Activities | 98,623 | 5,221 | 30,925 | 317 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 1,785 | 1,588 | 151,355 | 348 |
| Cash and Cash Equivalents - Beginning of Year | 1,822 | 37,031 | 762,196 | 11,016 |
| Cash and Cash Equivalents - End of Year | $3,607 | $38,619 | $913,551 | $11,364 |
| Reconciliation of Operating Income (Loss) to Net Cash | ||||
| Provided by (Used In) Operating Activities | ||||
| Operating Income (Loss) | $16,947 | $11,490 | $(1,175,720) | $3,112 |
| Adjustments not Affecting Cash: | ||||
| Depreciation and Amortization | - | 1,192 | 212,626 | 14,008 |
| Other | - | - | 152,049 | - |
| Change in Assets and Liabilities: | ||||
| (Increase) Decrease in Receivables, Net | (31,655) | (1,306) | (14,311) | 16 |
| (Increase) Decrease in Due from Other Funds | - | - | (148) | (753) |
| (Increase) Decrease in Inventories and Other Assets | - | (22,955) | 4,503 | (475) |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | - | 169 | (198,062) | 9,061 |
| Increase (Decrease) in Due to Other Funds | - | - | 7,077 | - |
| Total Adjustments | (31,655) | (22,900) | 163,734 | 21,857 |
| Net Cash Provided by (Used In) Operating Activities | $(14,708) | $(11,410) | $(1,011,986) | $24,969 |
The accompanying notes are an integral part of the financial statements.