CAPITAL PROJECTS FUNDS
| CHANGES IN BONDS AND NOTES OUTSTANDING | SCHEDULE E-3 | |||||
|---|---|---|---|---|---|---|
| JULY 1, 2004 TO JUNE 30, 2005 | ||||||
| (In Thousands) | ||||||
|
OUTSTANDING 7/1/2004 |
ADDITIONS 2004-05 |
RETIRED/ DEFEASED 2004-05 |
OUTSTANDING 6/30/2005 |
|||
| Bonds Redeemable From General and Transportation | ||||||
| Fund Revenues | ||||||
| Capital Improvements and Other Purposes | $2,183,763 | $177,605 | $178,170 | $2,183,198 | ||
| School Construction | 1,559,412 | 597,270 | 366,074 | 1,790,608 | ||
| Municipal and Other Grants and Loans | 1,580,427 | 116,002 | 190,668 | 1,505,761 | ||
| Elderly Housing | 9,605 | 54,123 | - | 63,728 | ||
| Elimination of Water Pollution | 267,667 | 35,000 | 23,495 | 279,172 | ||
| Specific Highway Purposes | 2,653 | - | 530 | 2,123 | ||
| Infrastructure Improvement | 3,142,058 | 200,000 | 240,540 | 3,101,518 | ||
| Other Transportation | 344 | - | - | 344 | ||
| General Obligation Refunding | 3,390,430 | 425,275 | 302,226 | 3,513,479 | ||
| Miscellaneous | 140,115 | 94,935 | 115,795 | 119,255 | ||
| Total From General and Transportation Funds | 12,276,474 | 1,700,210 | 1,417,498 | 12,559,186 | ||
| Bonds Redeemable From Other Sources | ||||||
| University and State University | 202,906 | 98,110 | 104,800 | 196,216 | ||
| Bradley International Airport | 305,820 | 30,640 | 48,030 | 288,430 | ||
| Rate Reduction | 205,345 | - | 25,580 | 179,765 | ||
| Clean Water Fund | 611,260 | - | 39,720 | 571,540 | ||
| Regional Market | 10 | - | - | 10 | ||
| Second Injury Fund | 54,255 | - | 54,255 | - | ||
| Total From Other Sources | 1,379,596 | 128,750 | 272,385 | 1,235,961 | ||
| Total Bonds Outstanding | $13,656,070 | $1,828,960 | $1,689,883 | $13,795,147 | ||
| Notes Redeemable from General Fund Revenue | ||||||
| Economic Recovery Notes | $273,215 | $- | $63,655 | $209,560 | ||
Occasionally during the fiscal year, cash resulting from bond refundings was used to purchase investments in U.S. Government Securities which were placed into an irrevocable trust for the eventual payment of certain bonds which are considered to be defeased at the fiscal year end. A summary of these transactions follows.
Refunding Date |
Refunding Bonds Issued |
Defeased Bonds | |
| September 2004 | $22,435 | $21,520 | with various due dates from |
| December 15, 2010 through 2024 | |||
| November 2004 | 89,725 | 90,730 | with various due dates from |
| November 01, 2010 through 2017 | |||
| March 2005 | 335,550 | 339,590 | with various due dates from |
| April 15, 2016 through 2019 | |||
| Totals | $447,710 | $451,840 |