Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2015
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut &
Health Center
State
Universities
Connecticut
 Community
 Colleges
 
Cash Flows from Operating Activities
Receipts from Customers $1,066,401 $350,825 $95,996
Payments to Suppliers (707,048) (194,896) (81,043)
Payments to Employees (1,313,357) (492,776) (397,095)
Other Receipts (Payments) 381,654 94,798 77,640
Net Cash Provided by (Used in) Operating Activities (572,350) (242,049) (304,502)
Cash Flows from Noncapital Financing Activities
Proceeds from Sale of Bonds - - -
Retirement of Bonds and Annuities Payable - - -
Interest on Bonds and Annuities Payable - - -
Transfers In 493,908 285,088 290,715
Transfers Out - - -
Other Receipts (Payments) 26,219 5,152 10,310
Net Cash Flows from Noncapital Financing Activities 520,127 290,240 301,025
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment (382,007) (160,285) (18,767)
Proceeds from Capital Debt 250,000 21,241 -
Principal Paid on Capital Debt (17,764) (42,790) -
Interest Paid on Capital Debt (55,306) (14,064) -
Transfer In 307,698 102,176 35,930
Federal Grant - - -
Capital Contributions - - -
Other Receipts (Payments) 22,359 (242) (8,299)
Net Cash Flows from Capital and Related Financing Activities 124,980 (93,964) 8,864
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - 95,487 -
Purchase of Investment Securities (86) (39,951) -
Interest on Investments 1,064 1,142 134
(Increase) Decrease in Restricted Assets - - -
Other Receipts (Payments) - - -
Net Cash Flows from Investing Activities 978 56,678 134
Net Increase (Decrease) in Cash and Cash Equivalents 73,735 10,905 5,521
Cash and Cash Equivalents - Beginning of Year 474,126 319,785 77,414
Cash and Cash Equivalents - End of Year $547,861 $330,690 $82,935
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $(751,006) $(327,787) $(325,170)
Adjustments not Affecting Cash:
Depreciation and Amortization 133,820 60,244 29,191
Other 167,379 - (8,630)
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net 1,849 (15,997) (3,025)
(Increase) Decrease in Due from Other Funds - - -
(Increase) Decrease in Inventories and Other Assets 4,863 (1,870) (1,059)
Increase (Decrease) in Accounts Payables & Accrued Liabilities (129,255) 42,903 4,191
Increase (Decrease) in Due to Other Funds - 458 -
Total Adjustments 178,656 85,738 20,668
Net Cash Provided by (Used In) Operating Activities $(572,350) $(242,049) $(304,502)

 

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean
Water
Other Totals Internal
Service
Funds
Cash Flows from Operating Activities
Receipts from Customers $718,860 $91,817 $74,457 $2,398,356 $52,689
Payments to Suppliers - (747) (9,294) (993,028) (21,832)
Payments to Employees - (443) (12,806) (2,216,477) (10,969)
Other Receipts (Payments) (705,294) (108,469) (66,554) (326,225) 20
Net Cash Provided by (Used in) Operating Activities 13,566 (17,842) (14,197) (1,137,374) 19,908
Cash Flows from Noncapital Financing Activities
Proceeds from Sale of Bonds - 224,483 60,236 284,719 -
Retirement of Bonds and Annuities Payable - (70,351) (7,809) (78,160) -
Interest on Bonds and Annuities Payable - (29,717) (4,174) (33,891) -
Transfers In - 661 - 1,070,372 -
Transfers Out (12,790) - (591) (13,381) -
Other Receipts (Payments) - - (12,030) 29,651 21
Net Cash Flows from Noncapital Financing Activities (12,790) 125,076 35,632 1,259,310 21
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment - - (139) (561,198) (21,527)
Proceeds from Capital Debt - - - 271,241 -
Principal Paid on Capital Debt - - - (60,554) -
Interest Paid on Capital Debt - - - (69,370) -
Transfer In - - - 445,804 -
Federal Grant - 15,125 13,155 28,280 -
Capital Contributions - - - - -
Other Receipts (Payments) - - - 13,818 -
Net Cash Flows from Capital and Related Financing Activities - 15,125 13,016 68,021 (21,527)
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - - - 95,487 -
Purchase of Investment Securities - - - (40,037) -
Interest on Investments - 8,860 718 11,918 435
(Increase) Decrease in Restricted Assets - (108,185) - (108,185) -
Other Receipts (Payments) - (22,536) (31,347) (53,883) -
Net Cash Flows from Investing Activities - (121,861) (30,629) (94,700) 435
Net Increase (Decrease) in Cash and Cash Equivalents 776 498 3,822 95,257 (1,163)
Cash and Cash Equivalents - Beginning of Year - 3,607 38,619 913,551 11,364
Cash and Cash Equivalents - End of Year $776 $4,105 $42,441 $1,008,808 $10,201
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $289,505 $17,987 $16,230 $(1,080,241) $1,927
Adjustments not Affecting Cash:
Depreciation and Amortization - - 1,143 224,398 14,983
Other - - - 158,749 -
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net 69,973 (35,829) 633 17,604 (515)
(Increase) Decrease in Due from Other Funds 93 - - 93 (1,605)
(Increase) Decrease in Inventories and Other Assets - - (30,366) (28,432) (98)
Increase (Decrease) in Accounts Payables & Accrued Liabilities (330,606) - (1,837) (414,604) 5,216
Increase (Decrease) in Due to Other Funds (15,399) - - (14,941) -
Total Adjustments (275,939) (35,829) (30,427) (57,133) 17,981
Net Cash Provided by (Used In) Operating Activities $13,566 $(17,842) $(14,197) $(1,137,374) $19,908

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