Combining Statement of Cash Flows
Component Units
June 30, 1998
(Expressed in Thousands)
| Connecticut Development Authority |
Connecticut Housing Finance Authority (12-31-97) |
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) | $ (1,106) | $ (9,687) | $ 23,453 | $ (1,036) | $ 489 | $ (1,676) | $ 10,437 | |
| Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by (Used in) Operating Activities: | ||||||||
| Amortization and Depreciation | 1,440 | 4,127 | 17,078 | 164 | 54 | 153 | 23,016 | |
| Provision for Loan Losses | 500 | 2,254 | - | - | 555 | - | 3,309 | |
| Interest Expense | 7,991 | 187,070 | - | 5,670 | - | - | 200,731 | |
| Changes in Assets and Liabilities: | ||||||||
| (Increase) Decrease in Receivables | 1,234 | 1,298 | 601 | 15 | (443) | 132 | 2,837 | |
| (Increase) Decrease in Due From Other Funds | (1,309) | - | - | - | - | (2) | (1,311) | |
| (Increase) Decrease in Inventories and Prepaid Expenses | - | - | (2,365) | - | 27 | (14) | (2,352) | |
| Increase (Decrease) in Accounts Payable & Accrued Liabilities | (3,233) | (2,714) | 5,090 | 263 | (297) | 163 | (728) | |
| Miscellaneous Operating Activities | 3,599 | 633 | (432) | - | - | 103 | 3,903 | |
| Issuance of Loans, Notes & Installment Contracts Receivable | (32,635) | (429,455) | - | (13,456) | (491,935) | - | (967,481) | |
| Collection of Loans, Notes & Installment Contracts Receivable | 19,086 | 190,574 | - | 7,121 | 58,972 | - | 275,753 | |
| Net Cash Provided by (Used in) Operating Activities | (4,433) | (55,900) | 43,425 | (1,259) | (432,578) | (1,141) | (451,886) | |
| Cash Flows From Noncapital Financing Activities: | ||||||||
| Contributed Capital. | - | - | - | - | - | 1,825 | 1,825 | |
| Proceeds From Sale of Bonds and Notes | 3,000 | 405,085 | - | - | - | - | 408,085 | |
| Retirement of Bonds and Notes Payable | (8,760) | (201,475) | - | (5,995) | - | - | (216,230) | |
| Interest on Bonds and Notes Payable | (8,052) | (185,773) | (158) | (5,716) | - | - | (199,699) | |
| Bond Issuance and/or Redemption Costs | - | (5,655) | - | - | - | - | (5,655) | |
| Miscellaneous Noncapital Financing Activities-Deletions | (610) | (12,168) | - | - | - | - | (12,778) | |
| Net Cash Provided by (Used in) Noncapital Financing Activities | (14,422) | 14 | (158) | (11,711) | - | 1,825 | (24,452) | |
| Cash Flows From Capital And Related Financing Activities: | ||||||||
| Purchase of Fixed Assets | (2,297) | (468) | (12,931) | - | (34) | (66) | (15,796) | |
| Proceeds From Sale of Bonds and Notes | - | - | 8,000 | - | 690,520 | - | 698,520 | |
| Retirement of Bonds and Notes Payable | - | - | (41,173) | - | (84,255) | - | (125,428) | |
| Interest on Bonds and Notes Payable | - | - | (18,968) | - | (139,719) | - | (158,687) | |
| Miscellaneous Capital and Related Financing Activities-Additions | 1 | - | 27 | - | 141,816 | - | 141,844 | |
| Miscellaneous Capital and Related Financing Activities-Deletions | - | - | (1,776) | - | (135,038) | - | (136,814) | |
| Net Cash Provided by (Used in) Capital and Related Financing Activities | (2,296) | (468) | (66,821) | - | 473,290 | (66) | 403,639 | |
| Cash Flows From Investing Activities: | ||||||||
| Proceeds From Sales of Investment Securities | 4,213 | 222,750 | 23,650 | 12,439 | 680,733 | 13,121 | 956,906 | |
| Purchase of Investment Securities | (2,823) | (201,635) | (12,327) | (168) | (779,562) | (8,111) | (1,004,626) | |
| Interest and Income on Investments | 4,866 | 42,378 | 6,822 | 1,541 | 47,916 | 2,232 | 105,755 | |
| Reduction in Loan Receivable | - | - | 5,604 | - | - | - | 5,604 | |
| Net Cash Provided by (Used in) Investing Activities | 6,256 | 63,493 | 23,749 | 13,812 | (50,913) | 7,242 | 63,639 | |
| Increase (Decrease) in Cash | (14,895) | 7,139 | 195 | 842 | (10,201) | 7,860 | (9,060) | |
| Cash and Cash Equivalents, July 1 | 79,331 | 93,608 | 115,763 | 3,853 | 133,763 | 39,851 | 466,169 | |
| Cash and Cash Equivalents, June 30 | $ 64,436 | $ 100,747 | $ 115,958 | $ 4,695 | $ 123,562 | $ 47,711 | $ 457,109 | |
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