State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1999 Revenue Bond Coverage Connecticut Development Authority

Connecticut Development Authority
Last Ten Fiscal Years
(Expressed in Thousands)

FOR THE YEAR ENDED JUNE 30,	GROSS RECEIPTS USED FOR DEBT SERVICES (1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	DEBT SERVICE REQUIREMENTS
FOR THE YEAR ENDED JUNE 30,	GROSS RECEIPTS USED FOR DEBT SERVICES (1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	PRINCIPAL	INTEREST	TOTAL	COVERAGE
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
1999	57,570	18,335	39,235	9,880	7,609	17,489	2.24


(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