CAPITAL PROJECTS FUNDS
| CHANGES IN BONDS AND NOTES OUTSTANDING | SCHEDULE E-2 | |||
|---|---|---|---|---|
| JULY 1, 2013 TO JUNE 30, 2014 | ||||
| (In Thousands) | ||||
|
OUTSTANDING 6/30/2013 |
ADDITIONS 2013-14 |
RETIRED/ DEFEASED 2013-14 |
OUTSTANDING 6/30/2014 |
|
| Bonds Redeemable From General and Transportation | ||||
| Fund Revenues | ||||
| Capital Improvements and Other Purposes | $2,065,571 | $763,284 | $263,016 | $2,565,839 |
| School Construction | 4,812,690 | 337,146 | 415,270 | 4,734,566 |
| Municipal and Other Grants and Loans | 1,083,784 | 362,540 | 180,599 | 1,265,725 |
| Elderly Housing | 207,095 | 85,740 | 27,570 | 265,265 |
| Elimination of Water Pollution | 206,431 | 33,000 | 42,061 | 197,370 |
| Infrastructure Improvement | 3,461,875 | 600,000 | 290,615 | 3,771,260 |
| General Obligation Refunding | 3,490,075 | 966,415 | 1,128,520 | 3,327,970 |
| GAAP Conversion Obligations | - | 560,430 | - | 560,430 |
| Pension Obligations | 2,276,578 | - | 22,200 | 2,254,378 |
| Miscellaneous | 111,520 | 18,885 | 4,944 | 125,461 |
| Total from General and Transportation Funds | 17,715,619 | 3,727,440 | 2,374,795 | 19,068,264 |
| Bonds Redeemable From Other Sources | ||||
| University and State University | - | - | - | - |
| Bradley International Airport | 178,950 | - | 8,075 | 170,875 |
| Clean Water Fund | 784,390 | - | 76,330 | 708,060 |
| Total from Other Sources | 963,340 | - | 84,405 | 878,935 |
| Total Bonds Outstanding | $18,678,959 | $3,727,440 | $2,459,200 | $19,947,199 |
| Notes Redeemable from General Fund Revenue | ||||
| Economic Recovery Notes | $573,365 | $314,295 | $306,885 | $580,775 |
| Total Notes Outstanding | $573,365 | $314,295 | $306,885 | $580,775 |
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 |
|---|---|---|---|
| G.O. June 2014 | $822,225 | $894,280 | June 2015 through December 2025 |
| Notes October 2013 | 314,295 | 306,885 | July 2016 through January 2018 |
| Uconn April 2014 | 92,940 | 97,930 | Feb. 2015 through Feb. 2025 |
| Uconn July 2013 | 51,250 | 54,375 | Feb. 2014 through Feb. 2024 |
| $1,280,710 | $1,353,470 |