Statement of Revenues, Expenses and
Changes in Fund Net Position
Proprietary Funds
For the Fiscal Year Ended June 30, 2014
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut
State
Universities
Connecticut
Community
Colleges
Operating Revenues
Charges for Sales and Services (Net of allowances & discounts $612,429) $960,492 $351,531 $100,060
Assessments - - -
Federal Grants, Contracts, and Other Aid 181,019 44,767 96,855
State Grants, Contracts, and Other Aid 29,512 11,951 8,838
Private Gifts and Grants 38,422 3,466 2,126
Interest on Loans - - -
Other 81,897 20,628 5,183
Total Operating Revenues 1,291,342 432,343 213,062
Operating Expenses
Salaries, Wages, and Administrative 1,782,346 629,825 449,694
Lottery Prize Awards - - -
Unemployment Compensation - - -
Claims Paid - - -
Depreciation and Amortization 128,157 54,834 28,443
Other 133,298 21,972 36,428
Total Operating Expenses 2,043,801 706,631 514,565
Operating Income (Loss) (752,459) (274,288) (301,503)
Nonoperating Revenue (Expenses)
Interest and Investment Income 900 1,103 119
Interest and Fiscal Charges (6,728) (9,828) -
Other - Net 60,623 3,447 1,524
Total Nonoperating Revenues (Expenses) 54,795 (5,278) 1,643
Income (Loss) Before Capital Contributions, Grants,
and Transfers (697,664) (279,566) (299,860)
Capital Contributions 21,643 6,164 -
Federal Capitalization Grants - - -
Transfers In 883,532 378,703 281,474
Transfers Out - - -
Special Item: Transfer to General Fund - - -
Change in Net Position 207,511 105,301 (18,386)
Total Net Position (Deficit) - Beginning (as restated) 1,888,149 985,541 782,201
Total Net Position (Deficit) - Ending $2,095,660 $1,090,842 $763,815


Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean
Water
Other
Funds
Totals Internal
Service
Funds
Operating Revenues
Charges for Sales and Services (Net of allowances & discounts $612,429) $- $- $24,623 $1,436,706 $51,660
Assessments 834,796 - 40,111 874,907 -
Federal Grants, Contracts, and Other Aid 332,248 - - 654,889 -
State Grants, Contracts, and Other Aid 14,985 - - 65,286 -
Private Gifts and Grants - - - 44,014 -
Interest on Loans - 20,040 1,788 21,828 -
Other 1,696 - 1,083 110,487 84
Total Operating Revenues 1,183,725 20,040 67,605 3,208,117 51,744
Operating Expenses
Salaries, Wages, and Administrative - 475 19,868 2,882,208 34,624
Lottery Prize Awards - - - - -
Unemployment Compensation 1,059,631 - - 1,059,631 -
Claims Paid - - 31,411 31,411 -
Depreciation and Amortization - - 1,192 212,626 14,008
Other - 2,618 3,644 197,960 -
Total Operating Expenses 1,059,631 3,093 56,115 4,383,836 48,632
Operating Income (Loss) 124,094 16,947 11,490 (1,175,719) 3,112
Nonoperating Revenue (Expenses)
Interest and Investment Income - 9,920 906 12,948 317
Interest and Fiscal Charges - (36,748) (5,073) (58,377) -
Other - Net - 6,789 (11,486) 60,897 (12)
Total Nonoperating Revenues (Expenses) - (20,039) (15,653) 15,468 305
Income (Loss) Before Capital Contributions, Grants,
and Transfers 124,094 (3,092) (4,163) (1,160,251) 3,417
Capital Contributions - - - 27,807 -
Federal Capitalization Grants - 20,002 26,475 46,477 -
Transfers In - 2,157 5,646 1,551,512 -
Transfers Out (3,560) - - (3,560) -
Special Item: Transfer to General Fund - - - - REF!
Change in Net Position 120,534 19,067 27,958 461,985 3,417
Total Net Position (Deficit) - Beginning (as restated) (168,245) 696,789 134,434 4,318,869 47,269
Total Net Position (Deficit) - Ending $(47,711) $715,856 $162,392 $4,780,854 $50,686

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