Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2001 COMBINING FINANCIAL STATEMENTS - Combining Statement of Revenues, Expenses and Changes in Retained Earnings - Component Units

State of Connecticut

Combining Statement of Revenues, Expenses and
Changes in Retained Earnings
Component Units
For The Fiscal Year Ended June 30, 2001
(Expressed in Thousands)
Connec-
ticut
Devel-
opment
Authority
Connec-
ticut
Housing
Finance
Authority
(12-31-00)
Connec-
ticut
Resources
Recovery
Authority
Connec-
ticut
Higher
Education
Supple-
mental
Loan
Authority

Connec-
ticut
Health 
&
Educa-
tional
Facilities
Authority
Connec-
ticut
Innova-
tions,
Incorp-
orated
Capital
City
Economic
Devel-
opment
Authority
Total
Operating Revenues:
Charges for Services $1,440 $- $163,537 $- $- $- $- $164,977
Interest on Loans 8,877 203,292 - 7,353 270 - - 219,792
Civic Center Lease Operations 14,649 - - - - - - 14,649
Miscellaneous 604 5,102 7,981 637 3,744 2,331 - 20,399
Total Operating Revenues 25,570 208,394 171,518 7,990 4,014 2,331 - 419,817
Operating Expenses:                
Administrative 4,543 21,074 7,196 1,354 1,229 7,554 860 43,810
Depreciation and Amortization 277 3,615 16,710 235 56 - 8 20,901
Interest on Debt 5,535 184,551 - 6,759 270 - - 197,115
Civic Center Lease Oper. (includes depreciation expense of $1,898) 17,945 - - - - - - 17,945
Solid Waste Operations - - 124,624 - - - - 124,624
Other Program Expenses 1,129 6,783 5,236 1,467 1,147 304 6,327 22,393
Total Operating Expenses 29,429 216,023 153,766 9,815 2,702 7,858 7,195 426,788
Operating Income (Loss) (3,859) (7,629) 17,752 (1,825) 1,312 (5,527) (7,195) (6,971)
Nonoperating Revenues (Expenses):                
Interest and Investment Income 5,421 64,493 8,322 2,531 1,007 8,844 33 90,651
Interest and Fiscal Charges - - (15,776) - - - - (15,776)
Other - 2,860 65,767 - - - - 68,627
Total Nonoperating Income (Expense) 5,421 67,353 58,313 2,531 1,007 8,844 33 143,502
Income (Loss) Before Operating Transfers 1,562 59,724 76,065 706 2,319 3,317 (7,162) 136,531
Operating Transfers in from Primary Government - - - - - - 7,246 7,246
Net Income (Loss) 1,562 59,724 76,065 706 2,319 3,317 84 143,777
Add Items Affecting Contributed Capital:                
Depreciation on Equipment Acquired through                
Capital Grants - - 122 - - - - 122
Total Add Back Items - - 122 - - - - 122
Retained Earnings-July 1 6,360 515,973 64,276 2,210 16,185 77,669 645 683,318
Retained Earnings-June 30 $7,922 $575,697 $140,463 $2,916 $18,504 $80,986 $729 $827,217