Combining Statement of Cash Flows
Component Units
For The Fiscal Year Ended June 30, 1997
(Expressed in Thousands)
| Connecticut | Connecticut | Connecticut | |||||
|---|---|---|---|---|---|---|---|
| Housing | Connecticut | Higher | Health & | ||||
| Connecticut | Finance | Resources | Education | Educational | Connecticut | ||
| Development | Authority | Recovery | Supplemental | Facilities | Innovations, | ||
| Authority | (12-31-96) | Authority | Loan Authority | Authority | Incorporated | Total | |
| Cash Flows From Operating Activities: | |||||||
| Operating Income (Loss) | $ 479 | $ (28,448) | $ 20,553 | $ (2,339) | $ 437 | $ (488) | $ (9,806) |
| Adjustments to Reconcile Operating Income (Loss) | |||||||
| to Net Cash Provided by (Used in) Operating Activities: | |||||||
| Amortization and Depreciation | 1,427 | 5,197 | 16,192 | 168 | 51 | 88 | 23,123 |
| Provision for Loan Losses | - | 3,230 | 4 | 1,155 | 135 | - | 4,524 |
| Interest Expense | 8,414 | 179,034 | - | 5,796 | - | - | 193,244 |
| Changes in Assets and Liabilities: | |||||||
| (Increase) Decrease in Receivables | 305 | (209) | 920 | (76) | (109) | 33 | 864 |
| (Increase) Decrease in Due From Other Funds | (1,014) | - | - | - | - | 189 | (825) |
| (Increase) Decrease in Inventories and Prepaid Expenses. | - | (5,798) | (2,907) | (465) | (1) | 23 | (9,148) |
| Increase (Decrease) in Accounts Payable & Accrued Liabilities. | 1,878 | 1,391 | 4,028 | 335 | 161 | (97) | 7,696 |
| Miscellaneous Operating Activities | 1,230 | 4,132 | 12,231 | (98) | 691 | - | 18,186 |
| Issuance of Loans, Notes & Installment Contracts Receivable | (21,998) | (429,696) | - | (16,846) | (272,915) | - | (741,455) |
| Collection of Loans, Notes & Installment Contracts Receivable | 35,340 | 223,515 | - | 10,377 | 53,281 | - | 322,513 |
| Net Cash Provided by (Used in) Operating Activities | 26,061 | (47,652) | 51,021 | (1,993) | (218,269) | (252) | (191,084) |
| Cash Flows From Noncapital Financing Activities: | |||||||
| Contributed Capital | 15,000 | - | - | - | 4,560 | 19,560 | |
| Proceeds From Sale of Bonds and Notes | - | 550,810 | - | 25,000 | - | - | 575,810 |
| Retirement of Bonds and Notes Payable | (8,685) | (398,950) | - | (5,125) | - | - | (412,760) |
| Interest on Bonds and Notes Payable | (8,474) | (177,451) | - | (5,564) | - | - | (191,489) |
| Bond Issuance and/or Redemption Costs | - | (8,992) | - | - | - | - | (8,992) |
| Miscellaneous Noncapital Financing Activities-Additions | - | 3,045 | - | - | - | - | 3,045 |
| Miscellaneous Noncapital Financing Activities-Deletions | (80) | - | (150) | - | - | - | (230) |
| Net Cash Provided by (Used in) Noncapital | |||||||
| Financing Activities. | (2,239) | (31,538) | (150) | 14,311 | - | 4,560 | (15,056) |
| Cash Flows From Capital And Related Financing Activities: | |||||||
| Purchase of Fixed Assets | (2,337) | - | (5,510) | - | (83) | (26) | (7,956) |
| Proceeds From Sale of Bonds and Notes | - | - | 209,675 | - | 550,333 | - | 760,008 |
| Retirement of Bonds and Notes Payable | - | - | (237,062) | - | (146,615) | - | (383,677) |
| Interest on Bonds and Notes Payable. | - | - | (20,552) | - | (130,601) | - | (151,153) |
| Miscellaneous Capital and Related Financing Activities-Additions | 788 | - | 1,252 | - | 35,274 | - | 37,314 |
| Miscellaneous Capital and Related Financing Activities-Deletions | - | - | (10,405) | - | - | - | (10,405) |
| Net Cash Provided by (Used in) Capital and Related | |||||||
| Financing Activities | (1,549) | - | (62,602) | - | 308,308 | (26) | 244,131 |
| Cash Flows From Investing Activities: | |||||||
| Proceeds From Sales of Investment Securities | 1,057 | 255,317 | 4,261 | 5,202 | 679,238 | 12,637 | 957,712 |
| Purchases of Investment Securities. | (100) | (141,634) | (17) | (19,209) | (721,114) | (8,199) | (890,273) |
| Interest and Income on Investments | 4,947 | 42,660 | 6,192 | 1,901 | 32,652 | 2,363 | 90,715 |
| Reduction in Loan Receivable | - | - | 10,063 | - | - | - | 10,063 |
| Net Cash Provided by (Used in) Investing Activities | 5,904 | 156,343 | 20,499 | (12,106) | (9,224) | 6,801 | 168,217 |
| Increase (Decrease) in Cash | 28,177 | 77,153 | 8,768 | 212 | 80,815 | 11,083 | 206,208 |
| Cash and Cash Equivalents, July 1. | 51,154 | 16,455 | 106,995 | 3,641 | 52,948 | 28,768 | 259,961 |
| Cash and Cash Equivalents, June 30 | $ 79,331 | $ 93,608 | $ 115,763 | $ 3,853 | $ 133,763 | $ 39,851 | $ 466,169 |
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