Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2001 GENERAL PURPOSE FINANCIAL STATEMENTS - Combined Statement of Cash Flows

State of Connecticut

Combined Statement of Cash Flows
All Proprietary Fund Types, Nonexpendable Trust Funds, and
Discretely Presented Component Units
For The Fiscal Year Ended June 30, 2001
(Expressed in Thousands)
Proprietary Fund
Types
Fiduciary Fund
Type
Total
Primary
Government
Proprietary Fund
Type
Total
Reporting
Entity
Enterprise Internal
Service
Nonexpendable
Trust
(Memorandum only) Component
Units
(Memorandum only)
Cash Flows From Operating Activities:
Operating Income (Loss) $250,128 $(2,296) $44,589 $292,421 $(6,971) $285,450
Adjustments to Reconcile Operating Income (Loss) to Net Cash            
Provided by (Used in) Operating Activities:            
Amortization and Depreciation 16,028 21,566 - 37,594 22,799 60,393
Provision for Loan Losses 2,261 0 - 2,261 8,158 10,419
Investment Income - (264) (29,274) (29,538) - (29,538)
Interest Expense 4,588 0 28,294 32,882 197,948 230,830
Changes in Assets and Liabilities:            
(Increase) Decrease in Receivables 6,150 (2,776) (15,230) (11,856) 14,285 2,429
(Increase) Decrease in Due From Other Funds (82) (233) - (315) (554) (869)
(Increase) Decrease in Receivable From Other Governments (636) 0 - (636) - (636)
(Increase) Decrease in Inventories and Prepaid Expenses (656) (1,053) - (1,709) (541) (2,250)
Increase (Decrease) in Accounts Payable and Accrued            
Liabilities 14,318 6,082 (1,401) 18,999 2,133 21,132
Increase (Decrease) in Due To Other Funds 11,264 122 - 11,386 - 11,386
Issuance of Loans, Notes & Installment Contracts Receivable - - (27,471) (27,471) (431,410) (458,881)
Collection of Loans, Notes & Installment Contracts Receivable 2,209 - - 2,209 306,687 308,896
Miscellaneous Operating Activities 459 (1,847) - (1,388) 68,961 67,573
Net Cash Provided by (Used in) Operating Activities 306,031 19,301 (493) 324,839 181,495 506,334
Cash Flows From Noncapital Financing Activities:            
Contributed Capital - - - - 26,307 26,307
Proceeds From Sale of Bonds and Notes - - 101,667 101,667 526,581 628,248
Retirement of Bonds and Notes Payable (46,800) - (24,915) (71,715) (202,650) (274,365)
Interest on Bonds and Notes Payable (43,314) - (27,668) (70,982) (198,074) (269,056)
Transfers From Other Funds 14,074 - 24,425 38,499 - 38,499
Transfers To Other Funds (252,003) - (10,933) (262,936) - (262,936)
Bond Issuance and/or Redemption Costs - - - - (3,467) (3,467)
Miscellaneous Noncapital Financing Activities-Additions - - - - - -
Miscellaneous Noncapital Financing Activities-Deletions - - - - (532,094) (532,094)
Net Cash Provided by (Used in) Noncapital Financing Activities (328,043) - 62,576 (265,467) (383,397) (648,864)
Cash Flows From Capital And Related Financing Activities:            
Purchase of Fixed Assets (56,600) (24,562) - (81,162) (53,176) (134,338)
Proceeds From Sale of Bonds and Notes 213,180 - - 213,180 23,084 236,264
Retirement of Bonds and Notes Payable (6,785) - - (6,785) (29,443) (36,228)
Interest on Bonds and Notes Payable (8,637) - - (8,637) (15,542) (24,179)
Capital Contributions or Grants 4,098 - - 4,098 - 4,098
Miscellaneous Capital and Related Financing Activities-Additions - - - - 58 58
Miscellaneous Capital and Related Financing Activities-Deletions (21) - - (21) (3,739) (3,760)
Net Cash Provided by (Used in) Capital and Related            
Financing Activities 145,235 (24,562) - 120,673 (78,758) 41,915
Cash Flows From Investing Activities:            
Proceeds From Sales of Investment Securities 52,932 - - 52,932 575,592 628,524
Purchase of Investment Securities (234,381) - (93,755) (328,136) (433,147) (761,283)
Interest and Income on Investments 46,315 264 29,072 75,651 88,760 164,411
Miscellaneous Capital and Related Investing Activities-net - - - - 6,931 6,931
Net Cash Provided by (Used in) Investing Activities (135,134) 264 (64,683) (199,553) 238,136 38,583
Increase (Decrease) in Cash (11,911) (4,997) (2,600) (19,508) (42,524) (62,032)
Cash and Cash Equivalents - July 1 (as restated) 168,803 20,429 8,769 198,001 453,648 651,649
Cash and Cash Equivalents - June 30 $156,892 15,432 $6,169 $178,493 $411,124 $589,617
  -   - - - -
Reconciliation of Cash and Cash Equivalents to Balance Sheet:            
Cash and Cash Equivalents - June 30 (Balance Sheet) $68,522   $240,106   $284,450  
Plus-Cash and Cash Equivalents in Restricted Assets 88,370   -   126,674  
Less-Cash and Cash Equivalents in Other Fiduciary Fund Types -   233,937   -  
Cash and Cash Equivalents - June 30 $156,892 - $6,169   $411,124  

The accompanying notes are an integral part of the financial statements.