STATE OF CONNECTICUT Comprehensive Annual Financial Report - 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

June 30, 1996
(Expressed in Thousands)

Connecticut
Development
Authority
Connecticut
Housing
Finance
Authority
(12-31-95)
Connecticut
Resources
Recovery
Authority
Connecticut
Higher
Education
Supplemental
Loan
Authority
Connecticut
Health
& Educational
Facilities
Authority
Connecticut
Innovations,
Incorporated

Total
Operating Revenues:
Charges for Services. $1,941 - $136,839 $ - $ - $39 $138,819
Interest on Financing Activities 12,231 170,636 - 5,392 117,743 2,508 308,510
Civic Center Lease Operations 6,424 - - - - - 6,424
Miscellaneous 401 8,788 8,611 583 2,290 2,705 23,378
Total Operating Revenues 20,997 179,424 145,450 5,975 120,033 5,252 477,131
Operating Expenses:
Administrative 4,531 19,950 98,502 1,059 1,393 2,780 128,215
Depreciation and Amortization 508 5,397 17,287 148 45 82 23,467
Other Program Expenses 430 17,229 3,090 736 681 2,525 24,691
Interest on Financing Activities 7,610 174,752 - 4,939 117,743 - 305,044
Civic Center Lease Operations 7,806 - - - - - 7,806
Arbitrage Rebate - 1,194 - - - - 1,194
Total Operating Expenses 20,885 218,522 118,879 6,882 119,862 5,387 490,417
Operating Income (Loss) 112 (39,098) 26,571 (907) 171 (135) (13,286)
Nonoperating Revenues (Expenses):
Interest and Investment Income 3,362 48,996 6,018 1,292 609 1,842 62,119
Interest and Fiscal Charges - - (24,531) - - - (24,531)
Other (3,249) (379) 4,727 - 9 (376) 732
Sale of Foreclosed Real Estate - 4,847 - - - - 4,847
Total Nonoperating Income (Expense) 113 53,464 (13,786) 1,292 618 1,466 43,167
Net Income (Loss) 225 14,366 12,785 385 789 1,331 29,881
Add Items Affecting Contributed Capital:
Depreciation on Equipment Acquired through Capital Grants - - 168 - - - 168
Total Add Back Items - - 168 - - - 168
Retained Earnings-July 1 (10,666) 335,740 13,877 153 10,553 (21,394) 328,263
Retained Earnings-June 30 $(10,441) $350,106 $26,830 $538 $11,342 $(20,063) $358,312

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