For The Fiscal Year Ended June 30, 1996
(Expressed in Thousands)
| Connecticut Development Authority | Connecticut Housing Finance Authority (12-31-95) | Connecticut Resources Recovery Authority | Connecticut Higher Education Supplemental Loan Authority |
Connecticut Health & Educational Facilities Authority | Connecticut Innovations, Incorporated | Total | |
| Cash Flows From Operating Activities: | |||||||
| Operating Income (Loss. | $112 | $(39,098) | $26,571 | $(907) | $171 | $(135) | $(13,286) |
| Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: | |||||||
| Amortization and Depreciation | 1,466 | 5,397 | 17,287 | 148 | 45 | 82 | 24,425 |
| Provision for loan losses | 48 | 10,565 | 50 | 566 | - | - | 11,229 |
| Interest expense | 9,036 | 174,752 | - | 4,939 | - | - | 188,727 |
| Changes in assets and liabilities: | |||||||
| (Increase) decrease in receivables | 318 | (2,310) | 743 | 20 | (82) | (103) | (1,414) |
| (Increase) decrease in due from other funds | (1,074) | - | 2,628 | 3 | - | (182) | 1,375 |
| (Increase) decrease in inventories and prepaid expenses | - | 1,631 | 2,641 | - | 11 | 6 | 4,289 |
| Increase (decrease) in accounts payable & accrued liabilities. | (1,109) | (1,713) | (7,242) | (21) | 179 | 36 | (9,870) |
| Increase (decrease) in due to other funds | - | - | (2,628) | (3) | - | - | (2,631) |
| Miscellaneous operating activities | (338) | 11,385 | 8,013 | - | 617 | 1 | 19,678 |
| Issuance of loans, notes & installment contracts receivable | (27,149) | (437,869) | - | (10,586) | (195,536) | (3,320) | (674,460) |
| Collection of loans, notes & installment contracts receivable | 28,100 | 188,439 | - | 4,258 | 34,330 | 3,179 | 258,306 |
| Net cash provided by (used in) operating activities | 9,410 | (88,821) | 48,063 | (1,583) | (160,265) | (436) | (193,632) |
| Cash Flows From Noncapital Financing Activities: | |||||||
| Contributed capital | - | - | - | - | - | 4,752 | 4,752 |
| Proceeds from sale of bonds and notes | 6,890 | 499,450 | - | - | - | - | 506,340 |
| Retirement of bonds and notes payable | (17,665) | (452,210) | - | (3,970) | - | - | (473,845) |
| Interest on bonds and notes payable | (8,920) | (179,605) | - | (4,970) | - | - | (193,495) |
| Bond issuance and/or redemption costs | - | (8,549) | - | - | - | - | (8,549) |
| Miscellaneous noncapital financing activities-Additions | - | 20,917 | - | - | - | - | 20,917 |
| Miscellaneous noncapital financing activities-Deletions | - | - | (173) | - | - | - | (173) |
| Net cash provided by (used in) noncapital financing activities | (19,695) | (119,997) | (173) | (8,940) | - | 4,752 | (144,053) |
| Cash Flows From Capital And Related Financing Activities: | |||||||
| Purchase of fixed assets | (3,348) | - | (6,104) | - | (18) | (26) | (9,496) |
| Proceeds from sale of bonds and notes. | - | - | - | - | 354,874 | - | 354,874 |
| Retirement of bonds and notes payable. | - | - | (23,473) | - | (104,602) | - | (128,075) |
| Interest on bonds and notes payable | - | - | (24,782) | - | (113,019) | - | (137,801) |
| Miscellaneous capital and related financing activities-Additions | - | - | 653 | - | 106,100 | - | 106,753 |
| Miscellaneous capital and related financing activities-Deletions | - | - | - | - | - | (40) | (40) |
| Net cash provided by (used in) capital and related financing activities | (3,348) | - | (53,706) | - | 243,335 | (66) | 186,215 |
| Cash Flows From Investing Activities: | |||||||
| Proceeds from sales of investment securities | 12,090 | 447,915 | 3,945 | 9,713 | 620,820 | 6,824 | 1,101,307 |
| Purchases of investment securities. | (10,556) | (285,582) | (68) | - | (735,386) | (1,742) | (1,033,334) |
| Interest and income on investments | 4,152 | 42,191 | 6,169 | 1,319 | 18,469 | 1,615 | 73,915 |
| Reduction in loan receivable. | - | - | 8,708 | - | - | - | 8,708 |
| Net cash provided by (used in) investing activities. | 5,686 | 204,524 | 18,754 | 11,032 | (96,097) | 6,697 | 150,596 |
| Increase (decrease) in cash | (7,947) | (4,294) | 12,938 | 509 | (13,027) | 10,947 | (874) |
| Cash and cash equivalents, July 1 | 59,101 | 20,749 | 94,057 | 3,132 | 65,975 | 17,821 | 260,835 |
| Cash and cash equivalents, June 30. | $51,154 | $16,455 | $106,995 | $3,641 | $52,948 | $28,768 | $259,961 |