CAPITAL PROJECTS FUNDS
| CHANGES IN BONDS AND NOTES OUTSTANDING | SCHEDULE E-3 | |||
|---|---|---|---|---|
| JULY 1, 2007 TO JUNE 30, 2008 | ||||
| (In Thousands) | ||||
|
OUTSTANDING 6/30/2007 |
ADDITIONS 2007-08 |
RETIRED/ DEFEASED 2007-08 |
OUTSTANDING 6/30/2008 |
|
| Bonds Redeemable From General and Transportation | ||||
| Fund Revenues | ||||
| Capital Improvements and Other Purposes | $1,990,461 | $205,400 | $195,771 | $2,000,090 |
| School Construction | 2,784,621 | 717,290 | 130,891 | 3,371,020 |
| Municipal and Other Grants and Loans | 1,350,353 | 165,810 | 281,629 | 1,234,534 |
| Elderly Housing | 49,584 | 41,545 | 27,241 | 63,888 |
| Elimination of Water Pollution | 198,720 | 30,000 | 33,002 | 195,718 |
| Specific Highway Purposes | 1,063 | - | 530 | 533 |
| Infrastructure Improvement | 2,815,134 | 250,000 | 275,789 | 2,789,345 |
| Other Transportation | 265 | - | 74 | 191 |
| General Obligation Refunding | 3,721,380 | 231,085 | 412,525 | 3,539,940 |
| Pension Obligations | - | 2,276,578 | - | 2,276,578 |
| Miscellaneous | 129,115 | 2,000 | 38,385 | 92,730 |
| Total from General and Transportation Funds | 13,040,696 | 3,919,708 | 1,395,837 | 15,564,567 |
| Bonds Redeemable From Other Sources | ||||
| University and State University | 185,026 | - | 5,575 | 179,451 |
| Bradley International Airport | 265,610 | - | 10,870 | 254,740 |
| Special Obligation Rate Reduction Bonds | 125,375 | - | 125,375 | - |
| Clean Water Fund | 650,340 | - | 155,720 | 494,620 |
| Total from Other Sources | 1,226,351 | - | 297,540 | 928,811 |
| Total Bonds Outstanding | $14,267,047 | $3,919,708 | $1,693,377 | $16,493,378 |
Occasionally during the fiscal year, cash resulting from bond refunding was used to purchase investments in U.S. Government Securities which were placed into an irrevocable trust for the eventual payment of certain bonds which are considered to be defeased at the fiscal year end. A summary of these transactions follows.
| Refunding Date | Refunding Bonds Issued |
Defeased Bonds |
- with various due dates from |
|---|---|---|---|
| December 2007 | $187,145 | $181,085 | - Sept. 2008 through 2015 |
| April 2008 | 50,000 | 50,000 | - May 2012 |
| Totals | $237,145 | $231,085 |