| Statement of Cash Flows | ||||
| Proprietary Funds | ||||
| For the Fiscal Year Ended June 30, 2008 | ||||
| (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 | $774,144 | $300,915 | $44,158 | $996,345 |
| Payments to Suppliers | (444,394) | (7,425) | (23,006) | (21,391) |
| Payments to Employees | (980,625) | (375,466) | (15,840) | (13,873) |
| Other Receipts (Payments) | 277,088 | (129,864) | - | (662,027) |
| Net Cash Provided by (Used in) Operating Activities | (373,787) | (211,840) | 5,312 | 299,054 |
| Cash Flows from Noncapital Financing Activities | ||||
| Retirement of Bonds and Annuities Payable | - | - | - | (42,015) |
| Interest on Bonds and Annuities Payable | - | - | - | (18,508) |
| Transfers In | 440,263 | 234,463 | 9,448 | - |
| Transfers Out | - | - | - | (283,000) |
| Other Receipts (Payments) | 24,391 | 3,602 | 3,712 | 6,850 |
| Net Cash Flows from Noncapital Financing Activities | 464,654 | 238,065 | 13,160 | (336,673) |
| Cash Flows from Capital and Related Financing Activities | ||||
| Additions to Property, Plant and Equipment | (96,497) | (33,686) | (11,043) | (2,289) |
| Proceeds from Capital Debt | - | 204 | - | - |
| Principal Paid on Capital Debt | (74,846) | (18,669) | (9,410) | - |
| Interest Paid on Capital Debt | (54,857) | - | (10,690) | - |
| Transfer In | 112,924 | - | - | - |
| Federal Grant | - | - | - | - |
| Capital Contributions | - | 22,314 | 1,781 | - |
| Other Receipts (Payments) | (16,305) | 10 | 15,254 | - |
| Net Cash Flows from Capital and Related Financing Activities | (129,581) | (29,827) | (14,108) | (2,289) |
| Cash Flows from Investing Activities | ||||
| Proceeds from Sales and Maturities of Investments | 1,365 | - | - | 41,903 |
| Purchase of Investment Securities | - | (250) | - | (6,843) |
| Interest on Investments | 18,021 | 12,490 | 7,146 | 20,029 |
| (Increase) Decrease in Restricted Assets | - | - | 9,681 | - |
| Other Receipts (Payments) | 2,172 | - | - | - |
| Net Cash Flows from Investing Activities | 21,558 | 12,240 | 16,827 | 55,089 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (17,156) | 8,638 | 21,191 | 15,181 |
| Cash and Cash Equivalents -Beginning of Year | 335,761 | 211,227 | 115,804 | 21,854 |
| Cash and Cash Equivalents -End of Year | $318,605 | $219,865 | $136,995 | $37,035 |
| Reconciliation of Operating Income (Loss) to Net Cash | ||||
| Provided by (Used In) Operating Activities | ||||
| Operating Income (Loss) | $(584,416) | $(260,793) | $(12,680) | $283,555 |
| Adjustments not Affecting Cash: | ||||
| Depreciation and Amortization | 127,886 | 42,654 | 17,686 | 832 |
| Other | 73,950 | 389 | (5) | 124 |
| Change in Assets and Liabilities: | ||||
| (Increase) Decrease in Receivables, Net | 1,230 | (34,959) | (540) | (2,330) |
| (Increase) Decrease in Due from Other Funds | 7,366 | - | - | - |
| (Increase) Decrease in Inventories and Other Assets | (6,086) | (323) | - | (400) |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | 6,283 | 41,192 | 851 | 17,273 |
| Increase (Decrease) in Due to Other Funds | - | - | - | - |
| Total Adjustments | 210,629 | 48,953 | 17,992 | 15,499 |
| Net Cash Provided by (Used In) Operating Activities | $(373,787) | $(211,840) | $5,312 | $299,054 |
| Reconciliation of Cash and Cash Equivalents to the Statement | ||||
| of Net Assets | ||||
| Cash and Cash Equivalents - Current | $266,691 | $119,897 | $49,394 | |
| Cash and Cash Equivalents - Noncurrent | 1,468 | 99,968 | - | |
| Cash and Cash Equivalents - Restricted | 50,446 | - | 87,601 | |
| $318,605 | $219,865 | $136,995 | ||
|
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 | $562,279 | $62,694 | $189,175 | $2,929,710 | $98,583 |
| Payments to Suppliers | - | - | (80,359) | (576,575) | (43,798) |
| Payments to Employees | - | (439) | (311,900) | (1,698,143) | (28,633) |
| Other Receipts (Payments) | (572,546) | (118,064) | 64,956 | (1,140,457) | 811 |
| Net Cash Provided by (Used in) Operating Activities | (10,267) | (55,809) | (138,128) | (485,465) | 26,963 |
| Cash Flows from Noncapital Financing Activities | |||||
| Retirement of Bonds and Annuities Payable | - | (42,520) | (32,570) | (117,105) | - |
| Interest on Bonds and Annuities Payable | - | (26,200) | (8,069) | (52,777) | - |
| Transfers In | - | 2,584 | 245,575 | 932,333 | - |
| Transfers Out | (18,671) | - | (9,448) | (311,119) | - |
| Other Receipts (Payments) | - | (109,825) | 297 | (70,973) | - |
| Net Cash Flows from Noncapital Financing Activities | (18,671) | (175,961) | 195,785 | 380,359 | - |
| Cash Flows from Capital and Related Financing Activities | |||||
| Additions to Property, Plant and Equipment | - | - | (9,944) | (153,459) | (24,677) |
| Proceeds from Capital Debt | - | - | - | 204 | - |
| Principal Paid on Capital Debt | - | - | - | (102,925) | - |
| Interest Paid on Capital Debt | - | - | (3,116) | (68,663) | - |
| Transfer In | - | - | 42,970 | 155,894 | - |
| Federal Grant | - | 10,590 | 14,084 | 24,674 | - |
| Capital Contributions | - | - | - | 24,095 | - |
| Other Receipts (Payments) | - | - | (101,528) | (102,569) | (205) |
| Net Cash Flows from Capital and Related Financing Activities | - | 10,590 | (57,534) | (222,749) | (24,882) |
| Cash Flows from Investing Activities | |||||
| Proceeds from Sales and Maturities of Investments | - | - | - | 43,268 | - |
| Purchase of Investment Securities | - | - | - | (7,093) | - |
| Interest on Investments | 28,938 | 23,508 | 11,414 | 121,546 | 220 |
| (Increase) Decrease in Restricted Assets | - | 93,180 | (2,828) | 100,033 | - |
| Other Receipts (Payments) | - | 100,834 | 5,771 | 108,777 | (624) |
| Net Cash Flows from Investing Activities | 28,938 | 217,522 | 14,357 | 366,531 | (404) |
| Net Increase (Decrease) in Cash and Cash Equivalents | - | (3,658) | 14,480 | 38,676 | 1,677 |
| Cash and Cash Equivalents -Beginning of Year | - | 3,658 | 140,676 | 828,980 | 15,172 |
| Cash and Cash Equivalents -End of Year | $- | $- | $155,156 | $867,656 | $16,849 |
| Reconciliation of Operating Income (Loss) to Net Cash | |||||
| Provided by (Used In) Operating Activities | |||||
| Operating Income (Loss) | $(43,537) | $14,271 | $(215,230) | $(818,830) | $1,971 |
| Adjustments not Affecting Cash: | |||||
| Depreciation and Amortization | - | - | 16,592 | 205,650 | 20,061 |
| Other | - | - | (4,604) | 69,854 | - |
| Change in Assets and Liabilities: | |||||
| (Increase) Decrease in Receivables, Net | (1,514) | (70,080) | 71,315 | (36,878) | 2,880 |
| (Increase) Decrease in Due from Other Funds | (58) | - | - | 7,308 | 4,983 |
| (Increase) Decrease in Inventories and Other Assets | 31,862 | - | (7,776) | 17,277 | 640 |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | - | - | 1,575 | 67,174 | (3,572) |
| Increase (Decrease) in Due to Other Funds | 2,980 | - | - | 2,980 | - |
| Total Adjustments | 33,270 | (70,080) | 77,102 | 333,365 | 24,992 |
| Net Cash Provided by (Used In) Operating Activities | $(10,267) | $(55,809) | $(138,128) | $(485,465) | $26,963 |
| 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.