State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1999 General Purpose Financial Statements - Combined Statement of Changes in Fund Balances - Higher Education Funds

State of Connecticut

Combined Statement of Changes in Fund Balances
Higher Education Funds
For The Fiscal Year Ended June 30, 1999
(Expressed in Thousands)
Endowment
and
Similar Funds
Current Funds Loan Plant Affiliated
Unrestricted Restricted Funds Funds Organization Total
Revenues and Other Additions:
Current Funds Revenues and Additions $ 603,861 $ 144,575 $ - $ - $ - $ - $ 748,436
Federal Grants and Contracts - - - 12 - - 12
State Grants and Contracts - - - - 250 - 250
Private Gifts and Grants - - 37 122 - - 159
Investment Earnings - - 647 281 6,415 - 7,343
Interest on Loans Receivable - - - 418 - - 418
Expended for Plant Facilities - - - - 247,834 - 247,834
Retirement of Indebtedness - - - - 8,910 - 8,910
Sale of Bonds - - - - 79,033 - 79,033
Foundation Revenues - - - - - 68,464 68,464
Miscellaneous. - - 27 235 17,779 - 18,041
Total Revenues and Other Additions 603,861 144,575 711 1,068 360,221 68,464 1,178,900
Expenditures and Other Deductions:
Education and General 958,347 137,536 - - - - 1,095,883
Auxiliary Enterprises 104,932 6 - - - - 104,938
Patient Care 113,955 180 - - - - 114,135
Indirect Costs Recovered - 16,036 - - - - 16,036
Loan Cancellations and Write-offs - - - 115 - - 115
Interest on Indebtedness - - - - 9,969 - 9,969
Capital Expenditures - - - - 211,146 - 211,146
Disposal of Plant Facilities - - - - 9,097 - 9,097
Depreciation - - - - 29,458 - 29,458
Administrative Costs - - - 126 - - 126
Retirement of Indebtedness - - - - 8,911 - 8,911
Foundation Expenditures - - - - - 10,154 10,154
Other - 233 3 122 2,108 - 2,466
Total Expenditures and Other Deductions 1,177,234 153,991 3 363 270,689 10,154 1,612,434
Transfers Among Funds - Additions (Deductions)
Mandatory:
Retirement of Indebtedness (5,243) - - - 5,243 - -
Nonmandatory:
Transfer From Foundation. - 9,016 - - - (9,016) -
Transfer To Foundation (3,300) - - - - 3,300 -
Other (17,455) 55 194 1,277 15,929 - -
Total Transfers Among Funds (25,998) 9,071 194 1,277 21,172 (5,716) -
Operating Transfers from the State's
Governmental Funds 587,995 - - - 61,692 - 649,687
Change in Accounting for Compensated Absences 9,134 - - - - - 9,134
Net Increase (Decrease) in Fund Balances (2,242) (345) 902 1,982 172,396 52,594 225,287
Fund Balances (deficit) - July 1 (as restated) 77,154 33,325 7,785 31,032 1,766,440 148,865 2,064,601
Fund Balances (deficit) - June 30 $ 74,912 $ 32,980 $ 8,687 $ 33,014 $ 1,938,836 $ 201,459 $ 2,289,888

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