State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1998 General Purpose Financial Statements - Combined Statement - All Proprietary Fund Types

State of Connecticut

Combined Statement of Revenues, Expenses, and
Changes in Retained Earnings/Fund Balances
All Proprietary Fund Types, Nonexpendable Trust Funds,
and Discretely Presented Component Units
For The Fiscal Year Ended June 30, 1998
(Expressed in Thousands)
Fiduciary Total Proprietary Total
Proprietary Fund Types Fund Type Primary Fund Type Reporting
Internal Nonexpendable Government Component Entity
Enterprise Service Trust (Memorandum only) Units (Memorandum only)
Operating Revenues:
Charges for Services $ 37,718 $ 93,831 $ - $ 131,549 $ 142,548 $ 274,097
Interest on Financing Activities 1,370 - 9,221 10,591 354,719 365,310
Investment Earnings - - 33,829 33,829 - 33,829
Patient Service Revenue 117,709 - - 117,709 - 117,709
Intergovernmental.. - - 14,594 14,594 - 14,594
Civic Center Lease Operations - - - - 11,445 11,445
Lottery Sales 805,613 - - 805,613 - 805,613
Miscellaneous 479 - 322 801 26,842 27,643
Total Operating Revenues 962,889 93,831 57,966 1,114,686 535,554 1,650,240
Operating Expenses:
Cost of Sales and Services 540,003 62,302 - 602,305 - 602,305
Administrative 66,236 15,280 431 81,947 33,985 115,932
Depreciation and Amortization 15,608 16,864 - 32,472 21,869 54,341
Interest on Financing Activities 7,566 - 25,348 32,914 342,508 375,422
Patient Care 81,363 - - 81,363 - 81,363
Other Program Expenses 806 - 809 1,615 15,057 16,672
Civic Center Lease Operations - - - - 15,364 15,364
Solid Waste Operations - - - - 96,334 96,334
Total Operating Expenses 711,582 94,446 26,588 832,616 525,117 1,357,733
Operating Income (Loss. 251,307 (615) 31,378 282,070 10,437 292,507
Nonoperating Revenues (Expenses):
Interest and Investment Income 53,282 - - 53,282 74,195 127,477
Interest and Fiscal Charges (49,309) - - (49,309) (19,606) (68,915)
Other 7,140 - - 7,140 (455) 6,685
Total Nonoperating Income (Expense) 11,113 - - 11,113 54,134 65,247
Income (Loss) Before Operating Transfers 262,420 (615) 31,378 293,183 64,571 357,754
Operating Transfers:
Operating Transfers In 8,344 - 28,253 36,597 - 36,597
Operating Transfers Out (266,569) - (3,347) (269,916) - (269,916)
Net Income (Loss) 4,195 (615) 56,284 59,864 64,571 124,435
Add Items Affecting Contributed Capital:
Depreciation on Equipment Acquired through
Capital Grants - - - - 147 147
Total Add Back Items - - - - 147 147
Retained Earnings/Fund Balances-July 1(as restated) 162,069 43,067 382,736 587,872 400,944 988,816
Residual Equity Transfer In 212 - - 212 - 212
Retained Earnings/Fund Balances - June 30 $ 166,476 $ 42,452 $ 439,020 $ 647,948 $ 465,662 $ 1,113,610
The accompanying notes are an integral part of the financial statements.

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