June 30,1997
(Amounts in thousands unless otherwise stated)
Note 14
CHANGES IN GENERAL LONG-TERM DEBT
The following is a summary of changes in long-term debt for the year ended June 30, 1997:
| Balance July 1, 1996 | Issuances and Other Increases |
Retirements and Other Decreases | Increase (Decrease) Accreted Value | Balance June 30, 1997 | |
|---|---|---|---|---|---|
| General Obligation Notes | $ 236,055 | $ - | $79,000 | $ - | $157,055 |
| General Obligation Bonds | 5,999,596 | 818,282 | 532,654 | 53,623 | 6,338,847 |
| Transportation Related Bonds | 3,201,076 | 230,460 | 223,278 | 1,513 | 3,209,771 |
| Expendable Trust Fund Obligations | 911,505 | 140,000 | 97,000 | - | 954,505 |
| Unfunded Pension Costs | 5,484,100 | 310,108 | 3,490,937 | - | 2,303,271 |
| Compensated Absences | 261,616 | 26,392 | 27,670 | - | 260,338 |
| Worker's Compensation | 268,150 | 58,391 | 43,766 | - | 282,775 |
| Capital Leases | 54,397 | 1,725 | 6,908 | - | 49,214 |
| Claims and Judgements | 21,963 | - | 8,365 | - | 13,598 |
| Total General Long-Term Debt Account Group | $16,438,458 | $1,585,358 | $4,509,578 | $55,136 | $13,569,374 |
The Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types reflects the net proceeds from the sale of bonds and notes in the amount of $1,176.1 million. This amount includes discounts on the sale of certain bonds and premium and accrued interest received at the time of sale in the amount of $5.3 million.
Additionally, the $818.3 million of issuances and other increases for general obligation bonds includes $18 million of bonds issued by the Connecticut Development Authority (CDA) for which the State of Connecticut has agreed to pay the principal and interest.
Back to General Purpose Financial Statements Table of Contents
Back to Comptroller's Home Page