State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1998 Revenue Bond Coverage Connecticut Development Authority

State of Connecticut

Revenue Bond Coverage
Connecticut Development Authority
Last Ten Fiscal Years
(Expressed in Thousands)
GROSS RECEIPTS NET REVENUE
USED DIRECT AVAILABLE DEBT SERVICE REQUIREMENTS
FOR THE YEAR FOR DEBT OPERATING FOR DEBT
ENDED JUNE 30, SERVICES (1) EXPENSES (2) SERVICE PRINCIPAL INTEREST TOTAL COVER-
AGE
1989 341,359 2,494 338,865 192,285 139,536 331,821 1.02
1990 236,158 2,880 233,278 83,363 144,287 227,650 1.02
1991 308,592 8,812 299,780 177,784 122,300 300,084 1.00
1992(3) 32,205 8,068 24,137 7,340 15,651 22,991 1.05
1993 39,344 9,678 29,666 14,300 10,988 25,288 1.17
1994 54,748 16,584 38,164 30,606 6,424 37,030 1.03
1995 55,459 11,365 44,094 41,715 9,221 50,936 0.87
1996 52,459 12,767 39,692 17,665 7,610 25,275 1.57
1997 62,678 14,244 48,434 8,685 7,101 15,786 3.07
1998 52,378 17,553 34,825 8,760 7,991 16,751 2.08
(1) Includes Operating and Non-Operating Revenues and Principal Collected on Loans.
(2) Includes Operating Expenses Less Depreciation, Amortization, Interest Expenses and Provision for Loan Losses.
(3) Beginning in 1992, the Authority no longer includes the assets and liabilities of its Self-Sustaining Bond Program in its financial statements. See Note 15b.
SOURCE: Connecticut Development Authority Financial Statements

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