Statement of Cash Flows | ||||
Proprietary Funds | ||||
For the Fiscal Year Ended June 30, 2007 | ||||
(Expressed in Thousands) | ||||
Business-Type Activities Enterprise Funds |
||||
---|---|---|---|---|
University of Connecticut & Health Center |
State Universities |
Bradley International Airport |
Connecticut Lottery Corporation |
|
Cash Flows from Operating Activities | ||||
Receipts from Customers | $692,558 | $276,053 | $42,754 | $958,748 |
Payments to Suppliers | (404,500) | (8,597) | (24,138) | (23,919) |
Payments to Employees | (923,888) | (353,668) | (14,298) | (12,577) |
Other Receipts (Payments) | 294,219 | (121,203) | - | (646,148) |
Net Cash Provided by (Used in) Operating Activities | (341,611) | (207,415) | 4,318 | 276,104 |
Cash Flows from Noncapital Financing Activities | ||||
Proceeds from Sale of Bonds | - | - | - | 7,853 |
Retirement of Bonds and Annuities Payable | - | - | - | (45,751) |
Interest on Bonds and Annuities Payable | - | - | - | (21,284) |
Transfers In | 402,397 | 224,981 | 9,254 | - |
Transfers Out | - | - | - | (279,000) |
Other Receipts (Payments) | 23,308 | 3,371 | 732 | - |
Net Cash Flows from Noncapital Financing Activities | 425,705 | 228,352 | 9,986 | (338,182) |
Cash Flows from Capital and Related Financing Activities | ||||
Additions to Property, Plant and Equipment | (87,807) | (41,023) | (15,917) | (262) |
Proceeds from Capital Debt | 89,000 | 69,005 | - | - |
Principal Paid on Capital Debt | (69,921) | (79,813) | (8,430) | - |
Interest Paid on Capital Debt | (50,860) | - | (11,055) | - |
Transfer In | 110,240 | - | - | - |
Federal Grant | - | - | - | - |
Capital Contributions | - | 13,589 | 3,914 | - |
Other Receipts (Payments) | (34,339) | 598 | 14,624 | - |
Net Cash Flows from Capital and Related Financing Activities | (43,687) | (37,644) | (16,864) | (262) |
Cash Flows from Investing Activities | ||||
Proceeds from Sales and Maturities of Investments | - | - | - | 45,523 |
Purchase of Investment Securities | (167) | (80) | - | (7,853) |
Interest on Investments | 17,920 | 13,263 | 7,991 | 22,873 |
(Increase) Decrease in Restricted Assets | - | - | - | - |
Other Receipts (Payments) | (27,277) | - | - | - |
Net Cash Flows from Investing Activities | (9,524) | 13,183 | 7,991 | 60,543 |
Net Increase (Decrease) in Cash and Cash Equivalents | 30,883 | (3,524) | 5,431 | (1,797) |
Cash and Cash Equivalents -Beginning of Year | 304,878 | 214,751 | 110,373 | 23,651 |
Cash and Cash Equivalents -End of Year | $335,761 | $211,227 | $115,804 | $21,854 |
Reconciliation of Operating Income (Loss) to Net Cash | ||||
Provided by (Used In) Operating Activities | ||||
Operating Income (Loss) | $(529,499) | $(243,763) | $(14,917) | $278,328 |
Adjustments not Affecting Cash: | ||||
Depreciation and Amortization | 114,372 | 41,262 | 17,924 | 706 |
Other | 60,861 | 311 | (33) | 26 |
Change in Assets and Liabilities: | ||||
(Increase) Decrease in Receivables, Net | (14,084) | (3,663) | 1,110 | 1,805 |
(Increase) Decrease in Due from Other Funds | (3,585) | - | - | - |
(Increase) Decrease in Inventories and Other Assets | 49,207 | (4,718) | - | 203 |
Increase (Decrease) in Accounts Payables & Accrued Liabilities | (19,054) | 3,156 | 234 | (4,964) |
Increase (Decrease) in Due to Other Funds | 171 | - | - | - |
Total Adjustments | 187,888 | 36,348 | 19,235 | (2,224) |
Net Cash Provided by (Used In) Operating Activities | $(341,611) | $(207,415) | $4,318 | $276,104 |
Reconciliation of Cash and Cash Equivalents to the Statement | ||||
of Net Assets | ||||
Cash and Cash Equivalents - Current | $216,413 | $108,237 | $36,862 | |
Cash and Cash Equivalents - Noncurrent | 1,462 | 102,990 | - | |
Cash and Cash Equivalents - Restricted | 117,886 | - | 78,942 | |
$335,761 | $211,227 | $115,804 |
Business-Type Activities Enterprise Funds |
Governmental Activities |
||||
---|---|---|---|---|---|
Employment Security |
Clean Water |
Other Funds |
Total |
Internal Service Funds |
|
Cash Flows from Operating Activities | |||||
Receipts from Customers | $548,177 | $62,000 | $191,644 | $2,771,934 | $89,713 |
Payments to Suppliers | - | - | (65,724) | (526,878) | (31,197) |
Payments to Employees | - | (690) | (282,342) | (1,587,463) | (37,474) |
Other Receipts (Payments) | (573,498) | (61,937) | (75,907) | (1,184,474) | (197) |
Net Cash Provided by (Used in) Operating Activities | (25,321) | (627) | (232,329) | (526,881) | 20,845 |
Cash Flows from Noncapital Financing Activities | |||||
Proceeds from Sale of Bonds | - | 185,280 | 5,000 | 198,133 | - |
Retirement of Bonds and Annuities Payable | - | (62,192) | (32,574) | (140,517) | - |
Interest on Bonds and Annuities Payable | - | (22,527) | (9,751) | (53,562) | - |
Transfers In | - | 2,408 | 218,575 | 857,615 | - |
Transfers Out | (3,030) | - | (9,254) | (291,284) | - |
Other Receipts (Payments) | - | 1,297 | (4,616) | 24,092 | - |
Net Cash Flows from Noncapital Financing Activities | (3,030) | 104,266 | 167,380 | 594,477 | - |
Cash Flows from Capital and Related Financing Activities | |||||
Additions to Property, Plant and Equipment | - | - | (9,678) | (154,687) | (22,653) |
Proceeds from Capital Debt | - | - | - | 158,005 | - |
Principal Paid on Capital Debt | - | - | - | (158,164) | - |
Interest Paid on Capital Debt | - | - | (3,558) | (65,473) | - |
Transfer In | - | - | 129,586 | 239,826 | - |
Federal Grant | - | 13,146 | 19,028 | 32,174 | - |
Capital Contributions | - | - | - | 17,503 | - |
Other Receipts (Payments) | - | - | (55,983) | (75,100) | (67) |
Net Cash Flows from Capital and Related Financing Activities | - | 13,146 | 79,395 | (5,916) | (22,720) |
Cash Flows from Investing Activities | |||||
Proceeds from Sales and Maturities of Investments | - | - | - | 45,523 | - |
Purchase of Investment Securities | - | - | - | (8,100) | - |
Interest on Investments | 28,351 | 26,653 | 11,969 | 129,020 | 233 |
(Increase) Decrease in Restricted Assets | - | - | 25 | 25 | - |
Other Receipts (Payments) | - | (145,353) | (7,650) | (180,280) | (90) |
Net Cash Flows from Investing Activities | 28,351 | (118,700) | 4,344 | (13,812) | 143 |
Net Increase (Decrease) in Cash and Cash Equivalents | - | (1,915) | 18,790 | 47,868 | (1,732) |
Cash and Cash Equivalents -Beginning of Year | - | 5,573 | 121,886 | 781,112 | 16,904 |
Cash and Cash Equivalents -End of Year | $- | $3,658 | $140,676 | $828,980 | $15,172 |
Reconciliation of Operating Income (Loss) to Net Cash | |||||
Provided by (Used In) Operating Activities | |||||
Operating Income (Loss) | $(14,413) | $12,682 | $(179,289) | $(690,871) | $(5,747) |
Adjustments not Affecting Cash: | |||||
Depreciation and Amortization | - | - | 15,580 | 189,844 | 19,743 |
Other | - | - | (4,074) | 57,091 | - |
Change in Assets and Liabilities: | |||||
(Increase) Decrease in Receivables, Net | (1,344) | (13,309) | (83,390) | (112,875) | 94 |
(Increase) Decrease in Due from Other Funds | (116) | - | - | (3,701) | 2,941 |
(Increase) Decrease in Inventories and Other Assets | (10,462) | - | 708 | 34,938 | (364) |
Increase (Decrease) in Accounts Payables & Accrued Liabilities | - | - | 18,136 | (2,492) | 4,178 |
Increase (Decrease) in Due to Other Funds | 1,014 | - | - | 1,185 | - |
Total Adjustments | (10,908) | (13,309) | (53,040) | 163,990 | 26,592 |
Net Cash Provided by (Used In) Operating Activities | $(25,321) | $(627) | $(232,329) | $(526,881) | $20,845 |
Reconciliation of Cash and Cash Equivalents to the Statement | |||||
of Net Assets | |||||
Cash and Cash Equivalents - Current | |||||
Cash and Cash Equivalents - Noncurrent | |||||
Cash and Cash Equivalents - Restricted | |||||
The accompanying notes are an integral part of the financial statements.