CAPITAL PROJECTS FUNDS
| CHANGES IN BONDS AND NOTES OUTSTANDING | SCHEDULE E-2 | |||
|---|---|---|---|---|
| JULY 1, 2014 TO JUNE 30, 2015 | ||||
| (In Thousands) | ||||
|
OUTSTANDING 6/30/2014 |
ADDITIONS 2014-15 |
RETIRED/ DEFEASED 2014-15 |
OUTSTANDING 6/30/2015 |
|
| Capital Improvements and Other Purposes | $2,565,839 | $432,203 | $177,200 | $2,820,842 |
| School Construction | 4,734,566 | 584,250 | 638,365 | 4,680,451 |
| Municipal and Other Grants and Loans | 1,265,725 | 1,035,747 | 217,875 | 2,083,597 |
| Elderly Housing | 265,265 | 107,965 | 37,985 | 335,245 |
| Elimination of Water Pollution | 197,370 | 60,000 | 42,456 | 214,914 |
| Infrastructure Improvement | 3,771,260 | 600,000 | 281,720 | 4,089,540 |
| General Obligation and Other Refunding | 3,327,970 | 647,600 | 590,145 | 3,385,425 |
| GAAP Conversion Obligations | 560,430 | - | - | 560,430 |
| Pension Obligations | 2,254,378 | - | 23,835 | 2,230,543 |
| Miscellaneous | 125,461 | - | 39,121 | 86,340 |
| Total from General and Transportation Funds | 19,068,264 | 3,467,765 | 2,048,702 | 20,487,327 |
| Bradley Parking Garage (1) | 35,275 | - | 2,265 | 33,010 |
| Clean Water Fund | 708,060 | 250,000 | 75,895 | 882,165 |
| Total From Other Sources | 743,335 | 250,000 | 78,160 | 915,175 |
| Total Bonds Outstanding | $19,811,599 | $3,717,765 | $2,126,862 | $21,402,502 |
| Notes Redeemable from General Fund Revenues | ||||
| Economic Recovery Notes | $580,775 | $61,610 | $122,110 | $520,275 |
| Total Notes | $580,775 | $61,610 | $122,110 | $520,275 |
(1) Outstanding bonds of $135.6 million, redeemable from the former Bradley International Airport, have been excluded from the prior year because the airport is now reported with the Connecticut Airport Authority which is legally separate from the State.
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. - August 2014 | $10,590 | $10,590 | - Sep. 2015 through Mar.. 2028 |
| S.T.O. - October 2014 | 131,545 | 143,420 | - Jul. 2015 through Jun 2026 |
| G.O. - December 2014 | 256,620 | 279,000 | - Nov. 2015 through Jun 2026 |
| ER notes December 2014 | 61,610 | 61,055 | - Jan.. 2015 |
| UCONN - April 2015 | 34,625 | 38,550 | - Aug. 2015 through Feb 2026 |
| CHEFA Childcare - April 2015 | 33,475 | 32,380 | - Jul. 2015 through Jul.. 2038 |
| G.O. SIFMA - May 2015 | 180,745 | 180,000 | - Mar. 2016 through Mar.. 2022 |
| Totals | $709,210 | $744,995 |