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

Revenue Bond Coverage
Connecticut Housing Finance Authority
Last Ten Fiscal Years
(Expressed in Thousands)

FOR THE YEAR ENDED DEC. 31,	GROSS RECEIPTS USED FOR DEBT SERVICES (1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	DEBT SERVICE REQUIREMENTS
FOR THE YEAR ENDED DEC. 31,	GROSS RECEIPTS USED FOR DEBT SERVICES (1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	PRINCIPAL	INTEREST	TOTAL	COVERAGE
1989	362,041	23,911	338,130	105,335	190,882	296,217	1.14
1990	382,364	40,999	341,365	260,750	202,547	463,297	0.74
1991	385,139	34,819	350,320	103,405	207,415	310,820	1.13
1992	456,281	28,611	427,670	455,505	206,268	661,773	0.65
1993	556,670	42,778	513,892	544,375	192,589	736,964	0.70
1994	483,683	30,910	452,773	622,215	173,843	796,058	0.57
1995	421,706	38,373	383,333	452,210	174,752	626,962	0.61
1996	460,395	33,202	427,193	398,950	179,034	577,984	0.74
1997	441,020	23,383	417,637	201,475	187,070	388,545	1.07
1998	500,661	23,273	477,388	435,655	193,364	629,019	0.76

(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. SOURCE: Connecticut Housing Finance Authority Financial Statements.