| Statement of Cash Flows | ||||
| Proprietary Funds | ||||
| For the Fiscal Year Ended June 30, 2012 | ||||
| (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 | $900,080 | $344,698 | $47,408 | $1,071,031 |
| Payments to Suppliers | (529,283) | (174,920) | (26,582) | (69,633) |
| Payments to Employees | (1,093,645) | (424,560) | (15,279) | (15,153) |
| Other Receipts (Payments) | 325,422 | 81,205 | - | (659,816) |
| Net Cash Provided by (Used in) Operating Activities | (397,426) | (173,577) | 5,547 | 326,429 |
| Cash Flows from Noncapital Financing Activities | ||||
| Proceeds from Sale of Bonds | - | - | - | - |
| Retirement of Bonds and Annuities Payable | - | - | - | (26,691) |
| Interest on Bonds and Annuities Payable | - | - | - | (10,225) |
| Transfers In | 399,441 | 220,546 | 10,267 | - |
| Transfers Out | - | - | - | (310,000) |
| Other Receipts (Payments) | 31,870 | 3,611 | - | 214 |
| Net Cash Flows from Noncapital Financing Activities | 431,311 | 224,157 | 10,267 | (346,702) |
| Cash Flows from Capital and Related Financing Activities | ||||
| Additions to Property, Plant, and Equipment | (158,611) | (73,260) | (5,353) | (28) |
| Proceeds from Capital Debt | 200,000 | 49,040 | - | - |
| Principal Paid on Capital Debt | (90,400) | (69,526) | (13,290) | - |
| Interest Paid on Capital Debt | (49,723) | (11,572) | (7,279) | - |
| Transfer In | 137,739 | 52,240 | - | - |
| Federal Grant | - | - | - | - |
| Capital Contributions | - | - | 6,402 | - |
| Other Receipts (Payments) | 1,789 | (571) | 14,475 | - |
| Net Cash Flows from Capital and Related Financing Activities | 40,794 | (53,649) | (5,045) | (28) |
| Cash Flows from Investing Activities | ||||
| Proceeds from Sales and Maturities of Investments | - | 34,791 | - | 26,663 |
| Purchase of Investment Securities | (54) | (23,893) | (4,652) | (2,114) |
| Interest on Investments | 1,053 | 1,132 | 577 | 10,264 |
| (Increase) Decrease in Restricted Assets | - | - | - | - |
| Other Receipts (Payments) | 6,393 | - | - | - |
| Net Cash Flows from Investing Activities | 7,392 | 12,030 | (4,075) | 34,813 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 82,071 | 8,961 | 6,694 | 14,512 |
| Cash and Cash Equivalents - Beginning of Year | 427,396 | 293,185 | 130,161 | 16,616 |
| Cash and Cash Equivalents - End of Year | $509,467 | $302,146 | $136,855 | $31,128 |
| Reconciliation of Operating Income (Loss) to Net Cash | ||||
| Provided by (Used In) Operating Activities | ||||
| Operating Income (Loss) | $(555,616) | $(216,249) | $(9,666) | $311,907 |
| Adjustments not Affecting Cash: | ||||
| Depreciation and Amortization | 119,353 | 51,764 | 16,920 | 448 |
| Other | 87,352 | - | - | (48) |
| Change in Assets and Liabilities: | ||||
| (Increase) Decrease in Receivables, Net | (747) | (4,412) | (215) | (10,561) |
| (Increase) Decrease in Due from Other Funds | - | - | - | - |
| (Increase) Decrease in Inventories and Other Assets | 6,131 | (273) | - | 1,539 |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | (53,899) | (4,528) | (1,492) | 23,144 |
| Increase (Decrease) in Due to Other Funds | - | 121 | - | - |
| Total Adjustments | 158,190 | 42,672 | 15,213 | 14,522 |
| Net Cash Provided by (Used In) Operating Activities | $(397,426) | $(173,577) | $5,547 | $326,429 |
| Reconciliation of Cash and Cash Equivalents to the Statement | ||||
| of Net Assets | ||||
| Cash and Cash Equivalents - Current | $347,139 | $179,587 | $22,929 | |
| Cash and Cash Equivalents - Noncurrent | 1,420 | 122,559 | - | |
| Cash and Cash Equivalents - Restricted | 160,908 | - | 113,926 | |
| $509,467 | $302,146 | $136,855 | ||
|
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 | $865,189 | $86,420 | $156,859 | $3,471,685 | $53,558 |
| Payments to Suppliers | - | (9,645) | (84,746) | (894,809) | (112,299) |
| Payments to Employees | - | (1,136) | (363,251) | (1,913,024) | (12,754) |
| Other Receipts (Payments) | (820,897) | (72,811) | 94,555 | (1,052,342) | 529 |
| Net Cash Provided by (Used in) Operating Activities | 44,292 | 2,828 | (196,583) | (388,490) | (70,966) |
| Cash Flows from Noncapital Financing Activities | |||||
| Proceeds from Sale of Bonds | - | - | - | - | - |
| Retirement of Bonds and Annuities Payable | - | (70,687) | (6,508) | (103,886) | - |
| Interest on Bonds and Annuities Payable | - | (35,226) | (2,391) | (47,842) | - |
| Transfers In | - | 3,656 | 231,726 | 865,636 | - |
| Transfers Out | (3,364) | - | (10,267) | (323,631) | - |
| Other Receipts (Payments) | (40,928) | - | 11,509 | 6,276 | 88,514 |
| Net Cash Flows from Noncapital Financing Activities | (44,292) | (102,257) | 224,069 | 396,553 | 88,514 |
| Cash Flows from Capital and Related Financing Activities | |||||
| Additions to Property, Plant, and Equipment | - | - | (10,090) | (247,342) | (16,465) |
| Proceeds from Capital Debt | - | - | - | 249,040 | - |
| Principal Paid on Capital Debt | - | - | - | (173,216) | - |
| Interest Paid on Capital Debt | - | - | (3,172) | (71,746) | - |
| Transfer In | - | - | 45,452 | 235,431 | - |
| Federal Grant | - | 4,213 | 5,918 | 10,131 | - |
| Capital Contributions | - | - | - | 6,402 | - |
| Other Receipts (Payments) | - | - | (83,338) | (67,645) | - |
| Net Cash Flows from Capital and Related Financing Activities | - | 4,213 | (45,230) | (58,945) | (16,465) |
| Cash Flows from Investing Activities | |||||
| Proceeds from Sales and Maturities of Investments | - | - | - | 61,454 | - |
| Purchase of Investment Securities | - | - | - | (30,713) | - |
| Interest on Investments | - | 14,317 | 1,406 | 28,749 | 2 |
| (Increase) Decrease in Restricted Assets | - | 13,218 | - | 13,218 | - |
| Other Receipts (Payments) | - | 69,203 | (6,521) | 69,075 | - |
| Net Cash Flows from Investing Activities | - | 96,738 | (5,115) | 141,783 | 2 |
| Net Increase (Decrease) in Cash and Cash Equivalents | - | 1,522 | (22,859) | 90,901 | 1,085 |
| Cash and Cash Equivalents - Beginning of Year | - | 2,014 | 153,939 | 1,023,311 | 8,142 |
| Cash and Cash Equivalents - End of Year | $- | $3,536 | $131,080 | $1,114,212 | $9,227 |
| Reconciliation of Operating Income (Loss) to Net Cash | |||||
| Provided by (Used In) Operating Activities | |||||
| Operating Income (Loss) | $44,292 | $6,800 | $(258,455) | $(676,987) | $2,547 |
| Adjustments not Affecting Cash: | |||||
| Depreciation and Amortization | - | - | 22,618 | 211,103 | 15,170 |
| Other | - | - | (10,121) | 77,183 | - |
| Change in Assets and Liabilities: | |||||
| (Increase) Decrease in Receivables, Net | (5,159) | (3,972) | (870) | (25,936) | (2,585) |
| (Increase) Decrease in Due from Other Funds | 148 | - | - | 148 | 1,639 |
| (Increase) Decrease in Inventories and Other Assets | 179,762 | - | 56,824 | 243,983 | 8 |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | (177,849) | - | (6,579) | (221,203) | (87,745) |
| Increase (Decrease) in Due to Other Funds | 3,098 | - | - | 3,219 | - |
| Total Adjustments | - | (3,972) | 61,872 | 288,497 | (73,513) |
| Net Cash Provided by (Used In) Operating Activities | $44,292 | $2,828 | $(196,583) | $(388,490) | $(70,966) |
| Reconciliation of Cash and Cash Equivalents to the Statement | |||||
| of Net Assets | |||||
| Cash and Cash Equivalents - Current | $131,061 | ||||
| Cash and Cash Equivalents - Noncurrent | - | ||||
| Cash and Cash Equivalents - Restricted | 19 | ||||
| $131,080 | |||||
The accompanying notes are an integral part of the financial statements.