| Combined Statement of Cash Flows | ||||||
| All Proprietary Fund Types, Nonexpendable Trust Funds, and | ||||||
| Discretely Presented Component Units | ||||||
| For The Fiscal Year Ended June 30, 1998 | ||||||
| (Expressed in Thousands) | ||||||
| Proprietary Fund | Fiduciary Fund | Total | Proprietary Fund | Total | ||
|---|---|---|---|---|---|---|
| Types | Type | Primary | Type | Reporting | ||
| Internal | Nonexpendable | Government | Component | Entity | ||
| Enterprise | Service | Trust | (Memorandum only) | Units | (Memorandum only) | |
| Cash Flows From Operating Activities: | ||||||
| Operating Income (Loss) | $ 251,307 | $ (615) | $ 31,378 | $ 282,070 | $ 10,437 | $ 292,507 |
| Adjustments to Reconcile Operating Income (Loss) to Net Cash | ||||||
| Provided by (Used in) Operating Activities: | ||||||
| Amortization and Depreciation | 15,608 | 16,864 | - | 32,472 | 23,016 | 55,488 |
| Provision for Loan Losses | 5,724 | - | - | 5,724 | 3,309 | 9,033 |
| Investment Income | - | - | (33,829) | (33,829) | - | (33,829) |
| Interest Expense | 7,566 | - | 25,348 | 32,914 | 200,731 | 233,645 |
| Changes in Assets and Liabilities: | ||||||
| (Increase) Decrease in Receivables. | (21,331) | (31) | (1,424) | (22,786) | 2,837 | (19,949) |
| (Increase) Decrease in Due From Other Funds | 5,644 | 153 | - | 5,797 | (1,311) | 4,486 |
| (Increase) Decrease in Receivable From Other Governments | (97) | - | - | (97) | - | (97) |
| (Increase) Decrease in Inventories and Prepaid Expenses | (1,516) | (607) | - | (2,123) | (2,352) | (4,475) |
| Increase (Decrease) in Accounts Payable and Accrued | ||||||
| Liabilities | (14,168) | (257) | 2 | (14,423) | (728) | (15,151) |
| Increase (Decrease) in Due To Other Funds | 798 | (399) | - | 399 | - | 399 |
| Issuance of Loans, Notes & Installment Contracts Receivable | (463) | - | (54,666) | (55,129) | (967,481) | (1,022,610) |
| Collection of Loans, Notes & Installment Contracts Receivable | 2,358 | - | - | 2,358 | 275,753 | 278,111 |
| Miscellaneous Operating Activities | 6,160 | 1,400 | 123 | 7,683 | 3,903 | 11,586 |
| Net Cash Provided by (Used in) Operating Activities | 257,590 | 16,508 | (33,068) | 241,030 | (451,886) | (210,856) |
| Cash Flows From Noncapital Financing Acitivites: | ||||||
| Contributed Capital | - | - | - | - | 1,825 | 1,825 |
| Proceeds From Sale of Bonds and Notes | - | - | 110,901 | 110,901 | 408,085 | 518,986 |
| Retirement of Bonds and Notes Payable | (5,101) | - | (18,725) | (23,826) | (216,230) | (240,056) |
| Interest on Bonds and Notes Payable | (7,736) | - | (23,503) | (31,239) | (199,699) | (230,938) |
| Transfers From Other Funds | 8,344 | - | 28,253 | 36,597 | - | 36,597 |
| Transfers To Other Funds | (258,616) | - | (3,347) | (261,963) | - | (261,963) |
| Bond Issuance and/or Redemption Costs | - | - | - | - | (5,655) | (5,655) |
| Miscellaneous Noncapital Financing Activities-Deletions | - | - | - | - | (12,778) | (12,778) |
| Net Cash Provided by (Used in) Noncapital Financing Activities | (263,109) | - | 93,579 | (169,530) | (24,452) | (193,982) |
| Cash Flows From Capital And Related Financing Activities: | ||||||
| Purchase of Fixed Assets | (11,415) | (15,512) | - | (26,927) | (15,796) | (42,723) |
| Proceeds From Sale of Bonds and Notes | - | - | - | - | 698,520 | 698,520 |
| Retirement of Bonds and Notes Payable | (3,187) | - | - | (3,187) | (125,428) | (128,615) |
| Interest on Bonds and Notes Payable | (6,632) | - | - | (6,632) | (158,687) | (165,319) |
| Capital Contributions or Grants | 393 | - | - | 393 | - | 393 |
| Miscellaneous Capital and Related Financing Activities-Additions | - | - | - | - | 141,844 | 141,844 |
| Miscellaneous Capital and Related Financing Activities-Deletions | (59) | - | - | (59) | (136,814) | (136,873) |
| Net Cash Provided by (Used in) Capital and Related | ||||||
| Financing Activities | (20,900) | (15,512) | - | (36,412) | 403,639 | 367,227 |
| Cash Flows From Investing Activities: | ||||||
| Proceeds From Sales of Investment Securities | 57,127 | - | - | 57,127 | 956,906 | 1,014,033 |
| Purchase of Investment Securities | (41,671) | - | (103,346) | (145,017) | (1,004,626) | (1,149,643) |
| Interest and Income on Investments | 9,385 | - | 25,256 | 34,641 | 105,755 | 140,396 |
| Reduction in Loan Receivable | - | - | - | - | 5,604 | 5,604 |
| Net Cash Provided by (Used in) Investing Activities | 24,841 | - | (78,090) | (53,249) | 63,639 | 10,390 |
| Increase (Decrease) in Cash | (1,578) | 996 | (17,579) | (18,161) | (9,060) | (27,221) |
| Cash and Cash Equivalents - July 1 | 123,156 | 6,016 | 25,252 | 154,424 | 466,169 | 620,593 |
| Cash and Cash Equivalents - June 30 | $ 121,578 | $ 7,012 | $ 7,673 | $ 136,263 | 457,109 | $ 593,372 |
| - | - | - | - | - | - | |
| Reconciliation of Cash and Cash Equivalents to Balance Sheet: | ||||||
| Cash and Cash Equivalents - June 30 (Balance Sheet) | $ 59,943 | $ 219,884 | $ 266,843 | |||
| Plus-Cash and Cash Equivalents in Restricted Assets. | 61,635 | - | 190,266 | |||
| Less-Cash and Cash Equivalents in Other Fiduciary Fund Types | - | 212,211 | - | |||
| Cash and Cash Equivalents - June 30 | $ 121,578 | $ 7,673 | $ 457,109 | |||
| The accompanying notes are an integral part of the financial statements. | ||||||
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