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.