Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2001 COMBINING FINANCIAL STATEMENTS - Combining Statement of Cash Flows - Component Units

State of Connecticut

Combining Statement of Cash Flows
Component Units
For The Fiscal Year Ended June 30, 2001
(Expressed in Thousands)
Connec-
ticut
Devel-
opment
Authority
Connec-
ticut
Housing
Finance
Authority
(12-31-00)
Connec-
ticut
Resources
Recovery
Authority
Connec-
ticut
Higher
Education
Supple-
mental
Loan
Authority

Connec-
ticut
Health 
&
Educa-
tional
Facilities
Authority
Connec-
ticut
Innova-
tions,
Incorp-
orated
Capital
City
Economic
Devel-
opment
Authority
Total
Cash Flows From Operating Activities:
Operating Income (Loss) $(3,859) $(7,629) $17,752 $(1,825) $1,312 $(5,527) $(7,195) $(6,971)
Adjustments to Reconcile Operating Income (Loss)                
to Net Cash Provided by (Used in) Operating Activities:                
Amortization and Depreciation 2,175 3,615 16,710 235 56 - 8 22,799
Provision for Loan Losses 500 5,584 1,178 769 127 - - 8,158
Interest Expense 6,368 184,551 - 6,759 270 - - 197,948
Changes in Assets and Liabilities:                
(Increase) Decrease in Receivables 1,041 572 5,145 (169) (44) - 7,740 14,285
(Increase) Decrease in Due From Other Funds (510) - - - - (44) - (554)
(Increase) Decrease in Inventories and Prepaid Expenses - - - - (66) (475) - (541)
Increase (Decrease) in Accounts Payable & Accrued Liabilities (785) (917) 3,870 75 508 (393) (225) 2,133
Miscellaneous Operating Activities (526) 3,842 65,430 215 - - - 68,961
Issuance of Loans, Notes & Installment Contracts Receivable (28,040) (385,840) - (17,530) - - - (431,410)
Collection of Loans, Notes & Installment Contracts Receivable 23,164 272,708 - 8,730 2,085 - - 306,687
Net Cash Provided by (Used in) Operating Activities (472) 76,486 110,085 (2,741) 4,248 (6,439) 328 181,495
Cash Flows From Noncapital Financing Activities:                
Contributed Capital - - - - - 26,307 - 26,307
Proceeds From Sale of Bonds and Notes - 162,920 - 22,385 341,276 - - 526,581
Retirement of Bonds and Notes Payable (9,880) (184,465) - (8,305) - - - (202,650)
Interest on Bonds and Notes Payable (6,688) (184,551) - (6,835) - - - (198,074)
Bond Issuance and/or Redemption Costs - (2,976) - (491) - - - (3,467)
Miscellaneous Noncapital Financing Activities-Deletions (148) (16,797) (80) - (515,069) - - (532,094)
Net Cash Provided by (Used in) Noncapital                
Financing Activities (16,716) (225,869) (80) 6,754 (173,793) 26,307 - (383,397)
Cash Flows From Capital And Related Financing Activities:                
Purchase of Fixed Assets (2,303) (9) (50,575) - (71) (216) (2) (53,176)
Proceeds From Sale of Bonds and Notes - - 23,084 - - - - 23,084
Retirement of Bonds and Notes Payable - - (27,733) - (1,710) - - (29,443)
Interest on Bonds and Notes Payable - - (15,224) - (318) - - (15,542)
Miscellaneous Capital and Related Financing Activities-Additions - - 58 - - - - 58
Miscellaneous Capital and Related Financing Activities-Deletions - - (2,722) - (1,017) - - (3,739)
Net Cash Provided by (Used in) Capital and Related                
Financing Activities (2,303) (9) (73,112) - (3,116) (216) (2) (78,758)
Cash Flows From Investing Activities:                
Proceeds From Sales of Investment Securities 19,298 382,278 889 1,723 153,474 17,930 - 575,592
Purchase of Investment Securities (19,111) (329,206) (356) (8,213) (2,810) (73,451) - (433,147)
Interest and Income on Investments 5,420 49,432 8,461 2,560 19,398 3,456 33 88,760
Miscellaneous Capital and Related Investing Activities-net 628 - - - 6,303 - - 6,931
Net Cash Provided by (Used in) Investing Activities 6,235 102,504 8,994 (3,930) 176,365 (52,065) 33 238,136
Increase (Decrease) in Cash (13,256) (46,888) 45,887 83 3,704 (32,413) 359 (42,524)
Cash and Cash Equivalents, July 1 (as restated) 72,955 171,973 131,818 4,651 13,637 56,305 2,309 453,648
Cash and Cash Equivalents, June 30 $59,699 $125,085 $177,705 $4,734 $17,341 $23,892 $2,668 $411,124