For The Fiscal Year Ended June 30, 1996
(Expressed in Thousands)
| Rental Housing | Bradley International Airport | Other | Total | |
|---|---|---|---|---|
| Cash Flows From Operating Activities: | ||||
| Operating Income (Loss) | $ (6,256) | $ 3,493 | $ (261) | $ (3,024) |
| Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: | ||||
| Amortization and Depreciation | 4 | 7,751 | - | 7,755 |
| Provision for loan losses | 417 | - | - | 417 |
| Interest expense | 7,856 | - | - | 7,856 |
| Changes in assets and liabilities: | ||||
| (Increase) decrease in receivables. | (235) | (571) | 208 | (598) |
| (Increase) decrease in receivable from other governments | - | 21 | - | 21 |
| (Increase) decrease in inventories and prepaid items | - | 18 | (98) | (80) |
| (Increase) decrease in accounts payable & accrued liabilities | 1,054 | 191 | 28 | 1,273 |
| Increase (decrease) in due to other funds | (1,198) | 328 | 10 | (860) |
| Miscellaneous operating activities | 3 | 4,094 | 86 | 4,183 |
| Collection of loans, notes & installment contracts receivable | 2,248 | - | - | 2,248 |
| Net cash provided by (used in) operating activities | 3,893 | 15,325 | (27) | 19,191 |
| Cash Flows From Noncapital Financing Activities: | ||||
| Retirement of bonds and notes payable | (2,305) | - | - | (2,305) |
| Interest on bonds and notes payable | (8,039) | - | - | (8,039) |
| Transfers from other funds | 4,892 | - | - | 4,892 |
| Transfers to other funds | (822) | - | - | (822) |
| Net cash provided by (used in) noncapital financing activities | (6,274) | - | - | (6,274) |
| Cash Flows From Capital And Related Financing Activities: | ||||
| Purchase of fixed assets | - | (6,410) | - | (6,410) |
| Retirement of bonds payable | - | (2,630) | - | (2,630) |
| Interest on bonds and notes payable | - | (6,967) | - | (6,967) |
| Capital contributions or grants | - | 1,871 | - | 1,871 |
| Net cash provided by (used in) capital and related financing activities | - | (14,136) | - | (14,136) |
| Cash Flows From Investing Activities: | ||||
| Proceeds from sale of investment securities | - | - | - | - |
| Purchase of investment securities | (627) | - | - | (627) |
| Interest and income on investments | 4,006 | 3,527 | - | 7,533 |
| Net cash provided by (used in) investing activities | 3,379 | 3,527 | - | 6,906 |
| Increase (decrease) in cash | 998 | 4,716 | (27) | 5,687 |
| Cash and cash equivalents, July 1 | 3,638 | 45,448 | 696 | 49,782 |
| Cash and cash equivalents, June 30. | $ 4,636 | $ 50,164 | $ 669 | $ 55,469 |