Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006 BASIC FINANCIAL STATEMENTS - Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds

State of Connecticut

Statement of Revenues, Expenses and
Changes in Fund Net Assets
Proprietary Funds
For the Fiscal Year Ended June 30, 2007
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut 		State
Universities		 Bradley
Inter national
Airport		 Connecticut
Lottery
Corpor ation
Operating Revenues        
Charges for Sales and Services $711,300 $265,122 $41,643 $957,026
Assessments - - - -
Federal Grants, Contracts and Other Aid 148,535 29,947 - -
State Grants, Contracts and Other Aid 18,995 11,201 - -
Private Gifts and Grants 34,814 2,622 - -
Interest on Loans - - - -
Other 59,982 18,351 - 178
Total Operating Revenues 973,626 327,243 41,643 957,204
Operating Expenses        
Salaries, Wages and Administrative 1,308,653 507,096 38,636 91,996
Lottery Prize Awards - - - 579,854
Unemployment Compensation - - - -
Claims Paid - - - -
Depreciation and Amortization 114,372 41,262 17,924 706
Other 80,100 22,648 - 6,320
Total Operating Expenses 1,503,125 571,006 56,560 678,876
Operating Income (Loss) (529,499) (243,763) (14,917) 278,328
Nonoperating Revenue (Expenses)        
Interest and Investment Income 18,169 13,610 8,072 21,341
Interest and Fiscal Charges (15,901) - (10,684) (19,752)
Other 34,096 3,127 13,599 11
Total Nonoperating Revenues (Expenses) 36,364 16,737 10,987 1,600
Income (Loss) Before Capital Contributions, Grants,        
and Transfers (493,135) (227,026) (3,930) 279,928
Capital Contributions 3,030 7,169 3,536 -
Federal Capitalization Grants - - - -
Transfers In 552,872 236,899 9,254 -
Transfers Out - - - (279,000)
Change in Net Assets 62,767 17,042 8,860 928
Total Net Assets - Beginning (as restated) 1,640,178 691,011 237,599 3,177
Total Net Assets - Ending $1,702,945 $708,053 $246,459 $4,105

 

Business-Type Activities
Enterprise Funds		 Governmental
Activities
Employment
Security		 Clean 
Water		 Other
Funds		 Totals Internal
Service
Funds
Operating Revenues          
Charges for Sales and Services $- $- $135,099 $2,110,190 $86,677
Assessments 549,638 - 55,717 605,355 -
Federal Grants, Contracts and Other Aid 11,049 - 31,998 221,529 -
State Grants, Contracts and Other Aid 6,002 - 10,543 46,741 -
Private Gifts and Grants - - 1,666 39,102 -
Interest on Loans - 13,429 1,234 14,663 -
Other 4,701 - 3,211 86,423 166
Total Operating Revenues 571,390 13,429 239,468 3,124,003 86,843
Operating Expenses          
Salaries, Wages and Administrative - 747 351,270 2,298,398 72,847
Lottery Prize Awards - - - 579,854 -
Unemployment Compensation 585,803 - - 585,803 -
Claims Paid - - 36,584 36,584 -
Depreciation and Amortization - - 15,580 189,844 19,743
Other - - 15,323 124,391 -
Total Operating Expenses 585,803 747 418,757 3,814,874 92,590
Operating Income (Loss) (14,413) 12,682 (179,289) (690,871) (5,747)
Nonoperating Revenue (Expenses)          
Interest and Investment Income 28,352 27,591 12,182 129,317 233
Interest and Fiscal Charges - (29,436) (13,372) (89,145) (67)
Other - 2,198 8,205 61,236 (90)
Total Nonoperating Revenues (Expenses) 28,352 353 7,015 101,408 76
Income (Loss) Before Capital Contributions, Grants,          
and Transfers 13,939 13,035 (172,274) (589,463) (5,671)
Capital Contributions - - - 13,735 -
Federal Capitalization Grants - 12,737 18,597 31,334 -
Transfers In 794 2,408 355,399 1,157,626 -
Transfers Out (3,824) - (9,254) (292,078) -
Change in Net Assets 10,909 28,180 192,468 321,154 (5,671)
Total Net Assets - Beginning (as restated) 762,997 563,057 381,924 4,279,943 (8,831)
Total Net Assets - Ending $773,906 $591,237 $574,392 $4,601,097 $(14,502)

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

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