Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2016
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut &
Health Center
Board of
Regents
Employment
Security
Cash Flows from Operating Activities
Receipts from Customers $1,123,452 $462,200 $801,500
Payments to Suppliers (699,326) (307,142) -
Payments to Employees (1,374,776) (923,605) -
Other Receipts (Payments) 394,153 177,139 (781,345)
Net Cash Provided by (Used in) Operating Activities (556,497) (591,408) 20,155
Cash Flows from Noncapital Financing Activities
Retirement of Bonds and Annuities Payable - - -
Interest on Bonds and Annuities Payable - - -
Transfers In 528,519 592,727 -
Transfers Out - - (18,503)
Other Receipts (Payments) 33,962 14,680 -
Net Cash Flows from Noncapital Financing Activities 562,481 607,407 (18,503)
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment (445,722) (109,187) -
Proceeds from Capital Debt 300,000 - -
Principal Paid on Capital Debt (105,525) (20,247) -
Interest Paid on Capital Debt (68,696) (12,158) -
Transfer In 302,623 150,984 -
Federal Grant - - -
Capital Contributions - - -
Other Receipts (Payments) 40,874 (45,294) -
Net Cash Flows from Capital and Related Financing Activities 23,554 (35,902) -
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - 74,993 -
Purchase of Investment Securities (1,514) (35,963) -
Interest on Investments 1,392 1,846 1,599
(Increase) Decrease in Restricted Assets - - -
Other Receipts (Payments) - - -
Net Cash Flows from Investing Activities (122) 40,876 1,599
Net Increase (Decrease) in Cash and Cash Equivalents 29,416 20,973 3,251
Cash and Cash Equivalents - Beginning of Year 547,861 413,625 776
Cash and Cash Equivalents - End of Year $577,277 $434,598 $4,027
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $(750,484) $(682,276) $378,737
Adjustments not Affecting Cash:
Depreciation and Amortization 97,913 93,905 -
Other 173,492 (9,587) -
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net (13,169) (32) (252,024)
(Increase) Decrease in Due from Other Funds - - (3,820)
(Increase) Decrease in Inventories and Other Assets 3,729 89 -
Increase (Decrease) in Accounts Payables & Accrued Liabilities (67,978) 7,919 (102,423)
Increase (Decrease) in Due to Other Funds - (1,426) (315)
Total Adjustments 193,987 90,868 (358,582)
Net Cash Provided by (Used In) Operating Activities $(556,497) $(591,408) $20,155
Reconciliation of Cash and Cash Equivalents to the Statement
of Net Assets
Cash and Cash Equivalents - Current $427,780 $300,459
Cash and Cash Equivalents - Noncurrent - 134,139
Cash and Cash Equivalents - Restricted 149,497 -
$577,277 $434,598
Noncash Investing, Capital, and Financing Activities:
Mortgage Proceeds held by Trustee in Construction Escrow 8,559 -
Fixed assets included in accounts payable - 5,253
State financed plant facilities - 955

 

Business-Type Activities
Enterprise Funds
Governmental
Activities
Clean
Water
Other Totals Internal
Service
Funds
Cash Flows from Operating Activities
Receipts from Customers $104,057 $79,463 $2,570,672 $57,733
Payments to Suppliers - (7,677) (1,014,145) (27,060)
Payments to Employees (738) (12,546) (2,311,665) (10,558)
Other Receipts (Payments) (128,314) (48,777) (387,144) 75
Net Cash Provided by (Used in) Operating Activities (24,995) 10,463 (1,142,282) 20,190
Cash Flows from Noncapital Financing Activities
Retirement of Bonds and Annuities Payable (73,802) (9,758) (83,560) -
Interest on Bonds and Annuities Payable (33,811) (5,641) (39,452) -
Transfers In 2,001 - 1,123,247 -
Transfers Out - 4,075 (14,428) -
Other Receipts (Payments) - (12,298) 36,344 (2,648)
Net Cash Flows from Noncapital Financing Activities (105,612) (23,622) 1,022,151 (2,648)
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment - - (554,909) (15,678)
Proceeds from Capital Debt - - 300,000 -
Principal Paid on Capital Debt - - (125,772) -
Interest Paid on Capital Debt - - (80,854) -
Transfer In - - 453,607 -
Federal Grant 10,475 8,350 18,825 -
Capital Contributions - - - -
Other Receipts (Payments) - - (4,420) -
Net Cash Flows from Capital and Related Financing Activities 10,475 8,350 6,477 (15,678)
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - - 74,993 -
Purchase of Investment Securities - - (37,477) -
Interest on Investments 8,477 892 14,206 437
(Increase) Decrease in Restricted Assets 136,966 - 136,966 -
Other Receipts (Payments) (22,784) 9,053 (13,731) -
Net Cash Flows from Investing Activities 122,659 9,945 174,957 437
Net Increase (Decrease) in Cash and Cash Equivalents 2,527 5,136 61,303 2,301
Cash and Cash Equivalents - Beginning of Year 4,105 42,441 1,008,808 10,201
Cash and Cash Equivalents - End of Year $6,632 $47,577 $1,070,111 $12,502
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $20,054 $21,780 $(1,012,189) $3,096
Adjustments not Affecting Cash:
Depreciation and Amortization - 1,140 192,958 17,754
Other - - 163,905 -
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net (45,049) 710 (309,564) 412
(Increase) Decrease in Due from Other Funds - - (3,820) 1,500
(Increase) Decrease in Inventories and Other Assets - (11,018) (7,200) (77)
Increase (Decrease) in Accounts Payables & Accrued Liabilities - (2,149) (164,631) (2,495)
Increase (Decrease) in Due to Other Funds - - (1,741) -
Total Adjustments (45,049) (11,317) (130,093) 17,094
Net Cash Provided by (Used In) Operating Activities $(24,995) $10,463 $(1,142,282) $20,190


For further information on Noncash transactions, see the University of Connecticut's financial statements

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