| Statement of Revenues, Expenses and | ||||
| Changes in Fund Net Assets | ||||
| Proprietary Funds | ||||
| For the Fiscal Year Ended June 30, 2009 | ||||
| (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 | $807,164 | $306,912 | $42,622 | $991,303 |
| Assessments | - | - | - | - |
| Federal Grants, Contracts and Other Aid | 152,855 | 33,896 | - | - |
| State Grants, Contracts and Other Aid | 27,853 | 16,073 | - | - |
| Private Gifts and Grants | 40,132 | 3,044 | - | - |
| Interest on Loans | - | - | - | - |
| Other | 60,576 | 13,707 | - | 173 |
| Total Operating Revenues | 1,088,580 | 373,632 | 42,622 | 991,476 |
| Operating Expenses | ||||
| Salaries, Wages and Administrative | 1,502,379 | 565,085 | 40,342 | 94,962 |
| Lottery Prize Awards | - | - | - | 604,712 |
| Unemployment Compensation | - | - | - | - |
| Claims Paid | - | - | - | - |
| Depreciation and Amortization | 117,969 | 50,375 | 17,863 | 477 |
| Other | 89,910 | 23,937 | - | 8,428 |
| Total Operating Expenses | 1,710,258 | 639,397 | 58,205 | 708,579 |
| Operating Income (Loss) | (621,678) | (265,765) | (15,583) | 282,897 |
| Nonoperating Revenue (Expenses) | ||||
| Interest and Investment Income | 10,089 | 4,533 | 3,304 | 15,174 |
| Interest and Fiscal Charges | (15,085) | - | (9,790) | (14,670) |
| Other | 18,850 | 3,255 | 11,101 | 6 |
| Total Nonoperating Revenues (Expenses) | 13,854 | 7,788 | 4,615 | 510 |
| Income (Loss) Before Capital Contributions, Grants, | ||||
| Transfers, and Special Item | (607,824) | (257,977) | (10,968) | 283,407 |
| Capital Contributions | 3,814 | 49,537 | 10,406 | - |
| Federal Capitalization Grants | - | - | - | - |
| Transfers In | 688,737 | 248,412 | 9,647 | - |
| Transfers Out | - | - | - | (283,000) |
| Special Item: Debt Reduction Transfer | - | - | - | - |
| Change in Net Assets | 84,727 | 39,972 | 9,085 | 407 |
| Total Net Assets (Deficit) - Beginning (as restated) | 1,660,862 | 732,391 | 256,603 | 6,188 |
| Total Net Assets (Deficit) - Ending | $1,745,589 | $772,363 | $265,688 | $6,595 |
|
Business-Type Activities Enterprise Funds |
Governmental Activities |
||||
|---|---|---|---|---|---|
| Employment Security |
Clean Water |
Other Funds |
Totals | Internal Service Funds |
|
| Operating Revenues | |||||
| Charges for Sales and Services | $- | $- | $132,856 | $2,280,857 | $88,644 |
| Assessments | 616,419 | - | 36,465 | 652,884 | - |
| Federal Grants, Contracts and Other Aid | 560,869 | - | 47,689 | 795,309 | - |
| State Grants, Contracts and Other Aid | 13,180 | - | 17,084 | 74,190 | - |
| Private Gifts and Grants | - | - | 3,699 | 46,875 | - |
| Interest on Loans | - | 13,386 | 1,621 | 15,007 | - |
| Other | 10,718 | - | 3,590 | 88,764 | 30 |
| Total Operating Revenues | 1,201,186 | 13,386 | 243,004 | 3,953,886 | 88,674 |
| Operating Expenses | |||||
| Salaries, Wages and Administrative | - | 465 | 425,447 | 2,628,680 | 63,252 |
| Lottery Prize Awards | - | - | - | 604,712 | - |
| Unemployment Compensation | 1,573,806 | - | - | 1,573,806 | - |
| Claims Paid | - | - | 38,352 | 38,352 | - |
| Depreciation and Amortization | - | - | 19,086 | 205,770 | 18,814 |
| Other | - | - | 22,856 | 145,131 | - |
| Total Operating Expenses | 1,573,806 | 465 | 505,741 | 5,196,451 | 82,066 |
| Operating Income (Loss) | (372,620) | 12,921 | (262,737) | (1,242,565) | 6,608 |
| Nonoperating Revenue (Expenses) | |||||
| Interest and Investment Income | 19,637 | 17,573 | 5,623 | 75,933 | 87 |
| Interest and Fiscal Charges | - | (30,258) | (5,691) | (75,494) | (45) |
| Other | - | 2,275 | (110) | 35,377 | (106) |
| Total Nonoperating Revenues (Expenses) | 19,637 | (10,410) | (178) | 35,816 | (64) |
| Income (Loss) Before Capital Contributions, Grants, | |||||
| Transfers, and Special Item | (352,983) | 2,511 | (262,915) | (1,206,749) | 6,544 |
| Capital Contributions | - | - | - | 63,757 | 3,450 |
| Federal Capitalization Grants | - | 18,998 | 6,528 | 25,526 | - |
| Transfers In | - | 983 | 243,708 | 1,191,487 | - |
| Transfers Out | (25,250) | - | (9,647) | (317,897) | (7,513) |
| Special Item: Debt Reduction Transfer | - | - | 85,000 | 85,000 | - |
| Change in Net Assets | (378,233) | 22,492 | 62,674 | (158,876) | 2,481 |
| Total Net Assets (Deficit) - Beginning (as restated) | 740,636 | 617,197 | 648,951 | 4,662,828 | (13,140) |
| Total Net Assets (Deficit) - Ending | $362,403 | $639,689 | $711,625 | $4,503,952 | $(10,659) |
The accompanying notes are an integral part of the financial statements.