Statement of Revenues, Expenses and | |||
Changes in Fund Net Position | |||
Proprietary Funds | |||
For the Fiscal Year Ended June 30, 2015 | |||
(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 $181,094) | $1,059,810 | $353,570 | $96,760 |
Assessments | - | - | - |
Federal Grants, Contracts, and Other Aid | 176,303 | 45,648 | 99,965 |
State Grants, Contracts, and Other Aid | 31,931 | 15,333 | 9,068 |
Private Gifts and Grants | 44,942 | 3,866 | 2,918 |
Interest on Loans | - | - | - |
Other | 85,221 | 23,392 | 4,155 |
Total Operating Revenues | 1,398,207 | 441,809 | 212,866 |
Operating Expenses | |||
Salaries, Wages, and Administrative | 1,872,989 | 685,207 | 473,995 |
Lottery Prize Awards | - | - | - |
Unemployment Compensation | - | - | - |
Claims Paid | - | - | - |
Depreciation and Amortization | 133,820 | 60,244 | 29,191 |
Other | 142,404 | 24,145 | 34,850 |
Total Operating Expenses | 2,149,213 | 769,596 | 538,036 |
Operating Income (Loss) | (751,006) | (327,787) | (325,170) |
Nonoperating Revenue (Expenses) | |||
Interest and Investment Income | 1,060 | 1,144 | 131 |
Interest and Fiscal Charges | (5,386) | (11,642) | - |
Other - Net | 55,816 | 2,835 | 1,529 |
Total Nonoperating Revenues (Expenses) | 51,490 | (7,663) | 1,660 |
Income (Loss) Before Capital Contributions, Grants, | |||
and Transfers | (699,516) | (335,450) | (323,510) |
Capital Contributions | 25,412 | 7,395 | - |
Federal Capitalization Grants | - | - | - |
Transfers In | 1,008,308 | 389,381 | 340,942 |
Transfers Out | - | - | - |
Change in Net Position | 334,204 | 61,326 | 17,432 |
Total Net Position (Deficit) - Beginning (as restated) | 2,095,660 | 1,090,842 | 763,815 |
Total Net Position (Deficit) - Ending | $2,429,864 | $1,152,168 | $781,247 |
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 $181,094) | $- | $- | $25,559 | $1,535,699 | $54,808 |
Assessments | 723,263 | - | 40,045 | 763,308 | - |
Federal Grants, Contracts, and Other Aid | 204,758 | - | - | 526,674 | - |
State Grants, Contracts, and Other Aid | 13,626 | - | - | 69,958 | - |
Private Gifts and Grants | - | - | - | 51,726 | - |
Interest on Loans | - | 19,278 | 2,256 | 21,534 | - |
Other | 98,431 | - | 1,076 | 212,275 | 118 |
Total Operating Revenues | 1,040,078 | 19,278 | 68,936 | 3,181,174 | 54,926 |
Operating Expenses | |||||
Salaries, Wages, and Administrative | - | 544 | 20,016 | 3,052,751 | 38,016 |
Lottery Prize Awards | - | - | - | - | - |
Unemployment Compensation | 750,573 | - | - | 750,573 | - |
Claims Paid | - | - | 28,412 | 28,412 | - |
Depreciation and Amortization | - | - | 1,143 | 224,398 | 14,983 |
Other | - | 747 | 3,135 | 205,281 | - |
Total Operating Expenses | 750,573 | 1,291 | 52,706 | 4,261,415 | 52,999 |
Operating Income (Loss) | 289,505 | 17,987 | 16,230 | (1,080,241) | 1,927 |
Nonoperating Revenue (Expenses) | |||||
Interest and Investment Income | - | 8,599 | 704 | 11,638 | 435 |
Interest and Fiscal Charges | - | (33,834) | (4,669) | (55,531) | - |
Other - Net | - | 6,682 | (11,724) | 55,138 | 21 |
Total Nonoperating Revenues (Expenses) | - | (18,553) | (15,689) | 11,245 | 456 |
Income (Loss) Before Capital Contributions, Grants, | |||||
and Transfers | 289,505 | (566) | 541 | (1,068,996) | 2,383 |
Capital Contributions | - | - | - | 32,807 | - |
Federal Capitalization Grants | - | 15,125 | 12,935 | 28,060 | - |
Transfers In | - | 1,031 | - | 1,739,662 | - |
Transfers Out | (12,790) | - | (591) | (13,381) | - |
Change in Net Position | 276,715 | 15,590 | 12,885 | 718,152 | 2,383 |
Total Net Position (Deficit) - Beginning (as restated) | (47,711) | 715,856 | 162,392 | 4,780,854 | 50,686 |
Total Net Position (Deficit) - Ending | $229,004 | $731,446 | $175,277 | $5,499,006 | $53,069 |
The accompanying notes are an integral part of the financial statements.