June 30,1996
(Amounts in thousands unless otherwise stated)
The following is a summary of changes in long-term debt for the year ended June 30, 1996:
| Balance July 1, 1995 |
Issuances and other Increases |
Retirements and other Decreases |
Increase (Decrease) Accreted Value |
Balance June 30 1996 | |
|---|---|---|---|---|---|
| General Obligation Notes | $ 315,710 | $ 236,055 | $ 315,710 | $ - | $ 236,055 |
| General Obligation Bonds | 5,524,747 | 873,380 | 455,056 | 56,525 | 5,999,596 |
| Transportation Related Bonds | 2,991,319 | 485,630 | 277,280 | 1,407 | 3,201,076 |
| Unemployment Compensation Bonds | 990,700 | 222,755 | 301,950 | - | 911,505 |
| Unfunded Pension Costs | 5,206,748 | 761,625 | 484,273 | - | 5,484,100 |
| Compensated absences | 257,184 | 15,480 | 11,048 | - | 261,616 |
| Worker's Compensation | 286,954 | 29,178 | 47,982 | - | 268,150 |
| Capital Leases | 55,551 | 4,950 | 6,104 | - | 54,397 |
| Claims and Judgements | 25,115 | 21,963 | 25,115 | - | 21,963 |
| Interfund Payables | 22,687 | - | 22,687 | - | - |
| Total General Long-Term Debt Account Group | $15,676,715 | $2,651,016 | $1,947,205 | $ 57,932 | $16,438,458 |
The Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types reflects the net proceeds from the sale of bonds and notes in the amount of $1,817.7 million. This amount includes discounts on the sale of certain bonds and accrued interest received at the time of sale in the amount of $9.9 million. Additionally, the $873.4 million of issuances and other increases for general obligation bonds includes $9.9 million of bonds issued by the Connecticut Development Authority (CDA) for which the State of Connecticut has agreed to pay the principal and interest.
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