| 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.