| Statement of Net Position | ||||
| Proprietary Funds | ||||
| June 30, 2013 | ||||
| (Expressed in Thousands) | ||||
|
Business-Type Activities Enterprise Funds |
||||
|---|---|---|---|---|
|
University of Connecticut |
State Universities |
Connecticut Community Colleges |
Bradley International Airport |
|
| Assets | ||||
| Current Assets: | ||||
| Cash and Cash Equivalents | $289,584 | $178,566 | $79,111 | $18,270 |
| Deposits with U.S. Treasury | - | - | - | |
| Investments | 649 | 56,065 | - | - |
| Receivables: | - | |||
| Accounts, Net of Allowances | 129,650 | 181,467 | 10,059 | 5,820 |
| Loans, Net of Allowances | 1,838 | 3,647 | - | - |
| Interest | - | - | - | - |
| From Other Governments | - | 3,178 | - | 2,811 |
| Due from Other Funds | 81,584 | 27,510 | 118,897 | - |
| Inventories | 14,715 | - | - | - |
| Restricted Assets | 41,030 | - | - | 7,421 |
| Other Current Assets | 32,086 | 3,578 | 203 | 892 |
| Total Current Assets | 591,136 | 454,011 | 208,270 | 35,214 |
| Noncurrent Assets: | ||||
| Cash and Cash Equivalents | 1,438 | 130,706 | - | - |
| Investments | 10,614 | 28,155 | - | - |
| Receivables: | ||||
| Accounts, Net of Allowances | - | - | - | - |
| Loans, Net of Allowances | 10,374 | 8,873 | 359 | - |
| Restricted Assets | 400 | - | - | 133,588 |
| Capital Assets, Net of Accumulated Depreciation | 1,872,472 | 958,677 | 657,917 | 290,755 |
| Other Noncurrent Assets | 2,502 | 155 | - | 9,897 |
| Total Noncurrent Assets | 1,897,800 | 1,126,566 | 658,276 | 434,240 |
| Total Assets | 2,488,936 | 1,580,577 | 866,546 | 469,454 |
| Deferred Outflows of Resources | ||||
| Accumulated Decrease in Fair Value of Hedging Derivatives | - | - | - | 20,454 |
| Liabilities | ||||
| Current Liabilities: | ||||
| Accounts Payable and Accrued Liabilities | 154,178 | 46,456 | 39,757 | 8,286 |
| Due to Other Funds | 10,889 | 3,610 | - | 4,674 |
| Due to Other Governments | - | - | - | - |
| Current Portion of Long-Term Obligations | 58,732 | 20,684 | 3,871 | 5,955 |
| Unearned Revenue | 30,230 | 194,600 | 3,563 | 2,018 |
| Other Current Liabilities | 23,269 | 12,167 | 293 | - |
| Total Current Liabilities | 277,298 | 277,517 | 47,484 | 20,933 |
| Noncurrent Liabilities: | ||||
| Noncurrent Portion of Long-Term Obligations | 323,489 | 317,519 | 36,861 | 153,809 |
| Total Noncurrent Liabilities | 323,489 | 317,519 | 36,861 | 153,809 |
| Total Liabilities | 600,787 | 595,036 | 84,345 | 174,742 |
| Net Position (Deficit) | ||||
| Net Investment in Capital Assets | 1,557,181 | 822,230 | 657,917 | 149,648 |
| Restricted For: | ||||
| Debt Service | 7,279 | - | - | 6,994 |
| Unemployment Compensation | - | - | - | - |
| Clean and Drinking Water Projects | - | - | - | - |
| Capital Projects | 64,245 | - | - | 92,244 |
| Nonexpendable Purposes | 11,902 | 312 | 20 | - |
| Bond Indentures | - | - | - | 2,112 |
| Loans | 3,263 | - | - | - |
| Other Purposes | 22,645 | 36,416 | 109,089 | - |
| Unrestricted (Deficit) | 221,634 | 126,583 | 15,175 | 64,168 |
| Total Net Position (Deficit) | $1,888,149 | $985,541 | $782,201 | $315,166 |
|
Business-TypeActivities Enterprise Funds |
Governmental Activities |
||||
|---|---|---|---|---|---|
|
Employment Security |
Clean Water |
Other Funds |
Total |
Internal Service Funds |
|
| Assets | |||||
| Current Assets: | |||||
| Cash and Cash Equivalents | $2,509 | $1,822 | $37,031 | $606,893 | $11,016 |
| Deposits with U.S. Treasury | 217,511 | - | - | 217,511 | - |
| Investments | - | - | - | 56,714 | - |
| Receivables: | |||||
| Accounts, Net of Allowances | 187,885 | - | 7,821 | 522,702 | 173 |
| Loans, Net of Allowances | - | 169,071 | 10,286 | 184,842 | - |
| Interest | - | 5,461 | 277 | 5,738 | - |
| From Other Governments | 6,681 | 312 | 759 | 13,741 | - |
| Due from Other Funds | 570 | - | - | 228,561 | 4,324 |
| Inventories | - | - | - | 14,715 | 3,699 |
| Restricted Assets | - | - | - | 48,451 | - |
| Other Current Assets | - | - | 4 | 36,763 | 162 |
| Total Current Assets | 415,156 | 176,666 | 56,178 | 1,936,631 | 19,374 |
| Noncurrent Assets: | |||||
| Cash and Cash Equivalents | - | 152,217 | 41,843 | 326,204 | - |
| Investments | - | 16,368 | - | 55,137 | - |
| Receivables: | |||||
| Accounts, Net of Allowances | - | - | - | - | - |
| Loans, Net of Allowances | - | 768,667 | 58,404 | 846,677 | - |
| Restricted Assets | - | 388,756 | 74,655 | 597,399 | - |
| Capital Assets, Net of Accumulated Depreciation | - | - | 29,160 | 3,808,981 | 39,985 |
| Other Noncurrent Assets | - | 16,124 | 1,422 | 30,100 | - |
| Total Noncurrent Assets | - | 1,342,132 | 205,484 | 5,664,498 | 39,985 |
| Total Assets | 415,156 | 1,518,798 | 261,662 | 7,601,129 | 59,359 |
| Deferred Outflows of Resources | |||||
| Accumulated Decrease in Fair Value of Hedging Derivatives | - | - | - | 20,454 | - |
| Liabilities | |||||
| Current Liabilities: | |||||
| Accounts Payable and Accrued Liabilities | 9 | 11,583 | 12,399 | 272,668 | 1,716 |
| Due to Other Funds | 350 | - | - | 19,523 | 7,370 |
| Due to Other Governments | 8,730 | - | - | 8,730 | - |
| Current Portion of Long-Term Obligations | - | 70,603 | 8,434 | 168,279 | 96 |
| Unearned Revenue | - | - | - | 230,411 | 295 |
| Other Current Liabilities | - | - | - | 35,729 | - |
| Total Current Liabilities | 9,089 | 82,186 | 20,833 | 735,340 | 9,477 |
| Noncurrent Liabilities: | |||||
| Noncurrent Portion of Long-Term Obligations | 574,312 | 739,823 | 106,395 | 2,252,208 | 2,613 |
| Total Noncurrent Liabilities | 574,312 | 739,823 | 106,395 | 2,252,208 | 2,613 |
| Total Liabilities | 583,401 | 822,009 | 127,228 | 2,987,548 | 12,090 |
| Net Position (Deficit) | |||||
| Net Investment in Capital Assets | - | - | (8,236) | 3,178,740 | 39,984 |
| Restricted For: | |||||
| Debt Service | - | - | 4,508 | 18,781 | - |
| Unemployment Compensation | - | - | - | - | - |
| Clean and Drinking Water Projects | - | 527,824 | 110,677 | 638,501 | - |
| Capital Projects | - | - | - | 156,489 | - |
| Nonexpendable Purposes | - | - | - | 12,234 | - |
| Bond Indentures | - | - | - | 2,112 | - |
| Loans | - | - | - | 3,263 | - |
| Other Purposes | - | - | - | 168,150 | - |
| Unrestricted (Deficit) | (168,245) | 168,965 | 27,485 | 455,765 | 7,285 |
| Total Net Position (Deficit) | $(168,245) | $696,789 | $134,434 | $4,634,035 | $47,269 |
The accompanying notes are an integral part of the financial statements.