| Statement of Revenues, Expenses and | |||
| Changes in Fund Net Position | |||
| Proprietary Funds | |||
| For the Fiscal Year Ended June 30, 2014 | |||
| (Expressed in Thousands) | |||
|
Business-Type Activities Enterprise Funds |
|||
|---|---|---|---|
|
University of Connecticut |
State Universities |
Connecticut Community Colleges |
|
| Operating Revenues | |||
| Charges for Sales and Services (Net of allowances & discounts $612,429) | $960,492 | $351,531 | $100,060 |
| Assessments | - | - | - |
| Federal Grants, Contracts, and Other Aid | 181,019 | 44,767 | 96,855 |
| State Grants, Contracts, and Other Aid | 29,512 | 11,951 | 8,838 |
| Private Gifts and Grants | 38,422 | 3,466 | 2,126 |
| Interest on Loans | - | - | - |
| Other | 81,897 | 20,628 | 5,183 |
| Total Operating Revenues | 1,291,342 | 432,343 | 213,062 |
| Operating Expenses | |||
| Salaries, Wages, and Administrative | 1,782,346 | 629,825 | 449,694 |
| Lottery Prize Awards | - | - | - |
| Unemployment Compensation | - | - | - |
| Claims Paid | - | - | - |
| Depreciation and Amortization | 128,157 | 54,834 | 28,443 |
| Other | 133,298 | 21,972 | 36,428 |
| Total Operating Expenses | 2,043,801 | 706,631 | 514,565 |
| Operating Income (Loss) | (752,459) | (274,288) | (301,503) |
| Nonoperating Revenue (Expenses) | |||
| Interest and Investment Income | 900 | 1,103 | 119 |
| Interest and Fiscal Charges | (6,728) | (9,828) | - |
| Other - Net | 60,623 | 3,447 | 1,524 |
| Total Nonoperating Revenues (Expenses) | 54,795 | (5,278) | 1,643 |
| Income (Loss) Before Capital Contributions, Grants, | |||
| and Transfers | (697,664) | (279,566) | (299,860) |
| Capital Contributions | 21,643 | 6,164 | - |
| Federal Capitalization Grants | - | - | - |
| Transfers In | 883,532 | 378,703 | 281,474 |
| Transfers Out | - | - | - |
| Special Item: Transfer to General Fund | - | - | - |
| Change in Net Position | 207,511 | 105,301 | (18,386) |
| Total Net Position (Deficit) - Beginning (as restated) | 1,888,149 | 985,541 | 782,201 |
| Total Net Position (Deficit) - Ending | $2,095,660 | $1,090,842 | $763,815 |
|
Business-Type Activities Enterprise Funds |
Governmental Activities |
||||
|---|---|---|---|---|---|
| Employment Security |
Clean Water |
Other Funds |
Totals | Internal Service Funds |
|
| Operating Revenues | |||||
| Charges for Sales and Services (Net of allowances & discounts $612,429) | $- | $- | $24,623 | $1,436,706 | $51,660 |
| Assessments | 834,796 | - | 40,111 | 874,907 | - |
| Federal Grants, Contracts, and Other Aid | 332,248 | - | - | 654,889 | - |
| State Grants, Contracts, and Other Aid | 14,985 | - | - | 65,286 | - |
| Private Gifts and Grants | - | - | - | 44,014 | - |
| Interest on Loans | - | 20,040 | 1,788 | 21,828 | - |
| Other | 1,696 | - | 1,083 | 110,487 | 84 |
| Total Operating Revenues | 1,183,725 | 20,040 | 67,605 | 3,208,117 | 51,744 |
| Operating Expenses | |||||
| Salaries, Wages, and Administrative | - | 475 | 19,868 | 2,882,208 | 34,624 |
| Lottery Prize Awards | - | - | - | - | - |
| Unemployment Compensation | 1,059,631 | - | - | 1,059,631 | - |
| Claims Paid | - | - | 31,411 | 31,411 | - |
| Depreciation and Amortization | - | - | 1,192 | 212,626 | 14,008 |
| Other | - | 2,618 | 3,644 | 197,960 | - |
| Total Operating Expenses | 1,059,631 | 3,093 | 56,115 | 4,383,836 | 48,632 |
| Operating Income (Loss) | 124,094 | 16,947 | 11,490 | (1,175,719) | 3,112 |
| Nonoperating Revenue (Expenses) | |||||
| Interest and Investment Income | - | 9,920 | 906 | 12,948 | 317 |
| Interest and Fiscal Charges | - | (36,748) | (5,073) | (58,377) | - |
| Other - Net | - | 6,789 | (11,486) | 60,897 | (12) |
| Total Nonoperating Revenues (Expenses) | - | (20,039) | (15,653) | 15,468 | 305 |
| Income (Loss) Before Capital Contributions, Grants, | |||||
| and Transfers | 124,094 | (3,092) | (4,163) | (1,160,251) | 3,417 |
| Capital Contributions | - | - | - | 27,807 | - |
| Federal Capitalization Grants | - | 20,002 | 26,475 | 46,477 | - |
| Transfers In | - | 2,157 | 5,646 | 1,551,512 | - |
| Transfers Out | (3,560) | - | - | (3,560) | - |
| Special Item: Transfer to General Fund | - | - | - | - | REF! |
| Change in Net Position | 120,534 | 19,067 | 27,958 | 461,985 | 3,417 |
| Total Net Position (Deficit) - Beginning (as restated) | (168,245) | 696,789 | 134,434 | 4,318,869 | 47,269 |
| Total Net Position (Deficit) - Ending | $(47,711) | $715,856 | $162,392 | $4,780,854 | $50,686 |
The accompanying notes are an integral part of the financial statements.