Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2014 BASIC FINANCIAL STATEMENTS - Statement of Net Position Proprietary Funds

Statement of Net Position
Proprietary Funds
June 30, 2014
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut 		State
Universities		 Connecticut
Community
Colleges 		Employment
Security
Assets
Current Assets:
Cash and Cash Equivalents $262,656 $192,285 $77,414 $-
Deposits with U.S. Treasury - - 209,496
Investments 657 123,965 - -
Receivables: -
Accounts, Net of Allowances 132,972 173,453 11,302 185,947
Loans, Net of Allowances 2,018 2,338 - -
Interest - - - -
From Other Governments - 2,524 - 5,988
Due from Other Funds 75,773 28,031 106,506 718
Inventories 10,781 - - -
Restricted Assets 209,621 - - -
Other Current Assets 66,037 3,609 163 -
Total Current Assets 760,515 526,205 195,385 402,149
Noncurrent Assets:
Cash and Cash Equivalents 1,432 127,500 - -
Investments 12,264 34,817 - -
Receivables:
Accounts, Net of Allowances - - - -
Loans, Net of Allowances 10,609 9,010 164 -
Restricted Assets 417 - - -
Capital Assets, Net of Accumulated Depreciation 2,042,550 1,059,231 651,432 -
Other Noncurrent Assets 2,328 277 - -
Total Noncurrent Assets 2,069,600 1,230,835 651,596 -
Total Assets 2,830,115 1,757,040 846,981 402,149
Deferred Outflows of Resources
Unamortized Losses on Bond Refundings 5,595 - - -
Other Deferred Outflows - 3,663 - -
Total Deferred Outflows of Resources 5,595 3,663 - -
Liabilities
Current Liabilities:
Accounts Payable and Accrued Liabilities 182,577 52,893 38,538 136
Due to Other Funds 13,596 3,674 - 13,038
Due to Other Governments - - - 3,117
Current Portion of Long-Term Obligations 64,815 23,072 3,496 -
Unearned Revenue - 186,780 2,652 -
Other Current Liabilities 55,888 13,606 438 -
Total Current Liabilities 316,876 280,025 45,124 16,291
Noncurrent Liabilities:
Noncurrent Portion of Long-Term Obligations 423,174 373,064 38,042 433,569
Total Noncurrent Liabilities 423,174 373,064 38,042 433,569
Total Liabilities 740,050 653,089 83,166 449,860
Deferred Inflows of Resources
Other Deferred Inflows - 16,772 - -
Total Deferred Inflows of Resources - 16,772 - -
Net Position (Deficit)
Net Investment in Capital Assets 1,593,274 931,729 651,431 -
Restricted For:
Debt Service - - - -
Unemployment Compensation - - - -
Clean and Drinking Water Projects - - - -
Capital Projects 238,154 - - -
Nonexpendable Purposes 13,546 467 20 -
Bond Indentures - - - -
Loans 2,586 - - -
Other Purposes 16,074 13,513 99,035 -
Unrestricted (Deficit) 232,026 145,133 13,329 (47,711)
Total Net Position (Deficit) $2,095,660 $1,090,842 $763,815 $(47,711)

 

Business-Type Activities
Enterprise Funds		 Governmental
Activities
Clean
Water 		Other
Funds 		Total Internal
Service
Funds
Assets
Current Assets:
Cash and Cash Equivalents $3,607 $38,619 $574,581 $11,364
Deposits with U.S. Treasury - - 209,496 -
Investments - - 124,622 -
Receivables:
Accounts, Net of Allowances - 8,811 512,485 156
Loans, Net of Allowances 244,970 35,549 284,875 -
Interest 6,680 549 7,229 -
From Other Governments - 714 9,226 -
Due from Other Funds - - 211,028 5,077
Inventories - - 10,781 4,152
Restricted Assets - - 209,621 -
Other Current Assets 41 4 69,854 184
Total Current Assets 255,298 84,246 2,223,798 20,933
Noncurrent Assets:
Cash and Cash Equivalents 227,260 56,299 412,491 -
Investments 14,483 - 61,564 -
Receivables:
Accounts, Net of Allowances - - - -
Loans, Net of Allowances 722,215 56,039 798,037 -
Restricted Assets 227,886 56,060 284,363 -
Capital Assets, Net of Accumulated Depreciation - 27,991 3,781,204 50,902
Other Noncurrent Assets - 513 3,118 -
Total Noncurrent Assets 1,191,844 196,902 5,340,777 50,902
Total Assets 1,447,142 281,148 7,564,575 71,835
Deferred Outflows of Resources
Unamortized Losses on Bond Refundings 11,189 402 17,186 -
Other Deferred Outflows - - 3,663 -
Total Deferred Outflows of Resources 11,189 402 20,849 -
Liabilities
Current Liabilities:
Accounts Payable and Accrued Liabilities 9,441 12,163 295,748 1,531
Due to Other Funds - - 30,308 17,346
Due to Other Governments - - 3,117 -
Current Portion of Long-Term Obligations 70,351 8,420 170,154 85
Unearned Revenue - - 189,432 -
Other Current Liabilities - - 69,932 -
Total Current Liabilities 79,792 20,583 758,691 18,962
Noncurrent Liabilities:
Noncurrent Portion of Long-Term Obligations 662,683 98,575 2,029,107 -
Total Noncurrent Liabilities 662,683 98,575 2,029,107 -
Total Liabilities 742,475 119,158 2,787,798 18,962
Deferred Inflows of Resources
Other Deferred Inflows - - 16,772 -
Total Deferred Inflows of Resources - - 16,772 -
Net Position (Deficit)
Net Investment in Capital Assets - (7,283) 3,169,151 50,902
Restricted For:
Debt Service - 4,508 4,508 -
Unemployment Compensation - - - -
Clean and Drinking Water Projects 544,971 132,337 677,308 -
Capital Projects - - 238,154 -
Nonexpendable Purposes - - 14,033 -
Bond Indentures - - - -
Loans - - 2,586 -
Other Purposes - - 128,622 -
Unrestricted (Deficit) 170,885 32,830 546,492 (216)
Total Net Position (Deficit) $715,856 $162,392 $4,780,854 $50,686

The accompanying notes are an integral part of the financial statements.

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