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.