Combining Statement of Cash Flows
Component Units
For The Fiscal Year Ended June 30, 1999
(Expressed in Thousands)
| Connec- ticut Develop- ment Authority |
Connecticut Housing Finance Authority (12-31-98) |
Connecticut Resources Recovery Authority |
Connecticut Higher Education Supplemental Loan Authority |
Connecticut Health & Educational Facilities Authority |
Connec- ticut Innova- tions, Incorp- orated |
Total | |
|---|---|---|---|---|---|---|---|
| Cash Flows From Operating Activities: | |||||||
| Operating Income (Loss) | $ (1,732) | $ (14,170) | $ 23,609 | $ (1,284) | $ 347 | $ (3,453) | $ 3,317 |
| Adjustments to Reconcile Operating Income (Loss) | |||||||
| to Net Cash Provided by (Used in) Operating Activities: | |||||||
| Amortization and Depreciation | 1,712 | 5,313 | 15,730 | 263 | 53 | 79 | 23,150 |
| Provision for Loan Losses | 750 | 1,154 | 1,424 | 530 | 335 | - | 4,193 |
| Interest Expense | 7,609 | 193,364 | - | 6,001 | - | - | 206,974 |
| Changes in Assets and Liabilities: | |||||||
| (Increase) Decrease in Receivables | 2,799 | 1,468 | (892) | (93) | (457) | (10) | 2,815 |
| (Increase) Decrease in Due From Other Funds | (1,688) | - | - | - | - | 359 | (1,329) |
| (Increase) Decrease in Inventories and Prepaid Expenses | - | - | - | - | (55) | 5 | (50) |
| Increase (Decrease) in Accounts Payable & Accrued Liabilities | (1,048) | (856) | (4,310) | 261 | 803 | 1,276 | (3,874) |
| Miscellaneous Operating Activities | 689 | 6,223 | (2,984) | (387) | - | 6 | 3,547 |
| Issuance of Loans, Notes & Installment Contracts Receivable | (24,339) | (360,357) | - | (12,731) | (300) | - | (397,727) |
| Collection of Loans, Notes & Installment Contracts Receivable | 26,739 | 239,683 | - | 7,578 | 998 | - | 274,998 |
| Net Cash Provided by (Used in) Operating Activities | 11,491 | 71,822 | 32,577 | 138 | 1,724 | (1,738) | 116,014 |
| Cash Flows From Noncapital Financing Activities: | |||||||
| Contributed Capital | 500 | - | - | - | - | 580 | 1,080 |
| Proceeds From Sale of Bonds and Notes | - | 584,800 | - | 10,105 | - | - | 594,905 |
| Retirement of Bonds and Notes Payable | (9,880) | (435,655) | - | - | - | - | (445,535) |
| Interest on Bonds and Notes Payable | (7,682) | (195,679) | - | (5,956) | - | - | (209,317) |
| Bond Issuance and/or Redemption Costs | - | (7,219) | - | - | - | - | (7,219) |
| Miscellaneous Noncapital Financing Activities-Additions | 1,500 | 30,656 | - | - | - | - | 32,156 |
| Miscellaneous Noncapital Financing Activities-Deletions | (807) | - | (123) | - | - | (163) | (1,093) |
| Net Cash Provided by (Used in) Noncapital | |||||||
| Financing Activities | (16,369) | (23,097) | (123) | 4,149 | - | 417 | (35,023) |
| Cash Flows From Capital And Related Financing Activities: | |||||||
| Purchase of Fixed Assets | (3,573) | (13) | (2,343) | - | (20) | - | (5,949) |
| Proceeds From Sale of Bonds and Notes | - | - | 16,395 | - | 681,923 | - | 698,318 |
| Retirement of Bonds and Notes Payable | - | - | (35,162) | - | (1,455) | - | (36,617) |
| Interest on Bonds and Notes Payable | - | - | (17,542) | - | (454) | - | (17,996) |
| Miscellaneous Capital and Related Financing Activities-Additions | 2 | - | 2,011 | - | 3,985 | - | 5,998 |
| Miscellaneous Capital and Related Financing Activities-Deletions | - | - | (5,821) | - | (607,300) | - | (613,121) |
| Net Cash Provided by (Used in) Capital and Related | |||||||
| Financing Activities | (3,571) | (13) | (42,462) | - | 76,679 | - | 30,633 |
| Cash Flows From Investing Activities: | |||||||
| Proceeds From Sales of Investment Securities | 2,500 | 395,122 | 1,014 | 134 | - | 26,265 | 425,035 |
| Purchase of Investment Securities | (411) | (493,286) | (368) | (6,604) | (103,258) | (12,357) | (616,284) |
| Interest and Income on Investments | 4,301 | 48,375 | 6,252 | 1,691 | 20,723 | 2,708 | 84,050 |
| Net Cash Provided by (Used in) Investing Activities | 6,390 | (49,789) | 6,898 | (4,779) | (82,535) | 16,616 | (107,199) |
| Increase (Decrease) in Cash | (2,059) | (1,077) | (3,110) | (492) | (4,132) | 15,295 | 4,425 |
| Cash and Cash Equivalents, July 1 (as restated) | 64,436 | 87,155 | 115,958 | 4,695 | 12,631 | 47,711 | 332,586 |
| Cash and Cash Equivalents, June 30 | $ 62,377 | $ 86,078 | $ 112,848 | $ 4,203 | $ 8,499 | $ 63,006 | $ 337,011 |
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