State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1998 - Notes to the Financial Statements - Note 21

State of Connecticut

June 30,1998

Note 21

CONDENSED FINANCIAL STATEMENTS (amounts in thousands)
COMPONENT UNITS

Balance Sheets

Connecticut
Development
Authority		 Connecticut
Housing
Finance
Authority
(12-31-97)		 Connecticut
Resources
Recovery
Authority		 Connecticut
Health &
Educational
Facilities
Authority		 Other Total
Assets:
Current assets $ 280,719 $ 3,240,627 $ 76,218 $ 91,247 $ 159,692 $ 3,848,503
Property, plant,
and equipment 		18,615 2,905 228,428 189 176 250,313
Restricted assets - 321,893 78,256 3,421,957 12,830 3,834,936
Other assets 5,834 61,504 14,988 - 1,182 83,508
Total Assets $ 305,168 $ 3,626,929 $ 397,890 $ 3,513,393 $ 173,880 $8,017,260
Liabilities and Equity:
Liabilities:
Current liabilities $ 17,308 $ 35,106 $ 27,856 $ 126,429 $ 4,151 $ 210,850
Revenue bonds 124,815 3,096,525 301,469 2,828,290 87,980 6,439,079
Other liabilities 4 92,133 22,513 544,942 - 659,592
Total Liabilities 142,127 3,223,764 351,838 3,499,661 92,131 7,309,521
Equity:
Contributed Capital 162,340 - 1,961 - 77,776 242,077
Retained earnings 701 403,165 44,091 13,732 3,973 465,662
Total Equity 163,041 403,165 46,052 13,732 81,749 707,739
Total liabilities and Equity $ 305,168 $ 3,626,929 $ 397,890 $ 3,513,393 $ 173,880 $ 8,017,260

Statements of Revenues, Expenditures, and Changes in Equity
Connecticut
Development
Authority		 Connecticut
Housing
Finance
Authority
(12-31-97)		 Connecticut
Resources Recovery
Authority		 Connecticut
Health &
Educational
Facilities
Authority		 Other Total
Operating Revenues $ 26,378 $ 207,147 $ 147,859 $ 146,008 $ 8,162 $535,554
Operating Expenses:
Depreciation and amortization 293 4,127 17,078 54 317 21,869
Other 27,191 212,707 107,328 145,465 10,557 503,248
Operating Income (Loss) (1,106) (9,687) 23,453 489 (2,712) 10,437
Nonoperating Revenues (Expenses) 6,914 43,299 (14,073) 774 17,220 54,134
Net Income (Loss) for the Year 5,808 33,612 9,380 1,263 14,508 64,571
Equity - beginning 157,233 369,553 36,672 12,469 64,916 640,843
Capital contributions - - - - 2,325 2,325
Equity - ending $163,041 $ 403,165 $ 46,052 $ 13,732 $ 81,749 $ 707,739

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