Annual Report of the State Comptroller Budgetary Basis Fiscal Year Ended June 30, 2007 - CAPITAL PROJECTS FUNDS SCHEDULE E-3

State of Connecticut

CAPITAL PROJECTS FUNDS

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-3
JULY 1, 2006 TO JUNE 30, 2007
(In Thousands)
OUTSTANDING
6/30/2006
ADDITIONS
2006-07
RETIRED/
DEFEASED
2006-07
OUTSTANDING
6/30/2007
Bonds Redeemable From General and Transportation        
Fund Revenues        
Capital Improvements and Other Purposes $2,176,916 $275,525 $461,980 $1,990,461
School Construction 2,302,319 654,570 172,268 2,784,621
Municipal and Other Grants and Loans 1,501,472 182,905 334,024 1,350,353
Elderly Housing 45,800 10,000 6,216 49,584
Elimination of Water Pollution 245,601 12,000 58,881 198,720
Specific Highway Purposes 1,593 - 530 1,063
Infrastructure Improvement 3,081,098 - 265,964 2,815,134
Other Transportation 344 - 79 265
General Obligation Refunding 3,399,915 481,700 160,235 3,721,380
Miscellaneous 112,985 28,990 12,860 129,115
Total from General and Transportation Funds 12,868,043 1,645,690 1,473,037 13,040,696
         
Bonds Redeemable From Other Sources        
University and State University 190,441 135,385 140,800 185,026
Bradley International Airport 276,250 - 10,640 265,610
Special Obligation Rate Reduction Bonds 153,160 - 27,785 125,375
Clean Water Fund 535,315 180,070 65,045 650,340
Total from Other Sources 1,155,166 315,455 244,270 1,226,351
Total Bonds Outstanding $14,023,209 $1,961,145 $1,717,307 $14,267,047
         
Notes Redeemable from General Fund Revenue        
Bond Anticipation Notes $10,000 $- $10,000 $-
Economic Recovery Notes 146,090 - 146,090 -
Total Notes $156,090 $- $156,090 $-

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
- with various due dates from
November 2006 $308,400 $306,830  - Dec. 2015 through 2022
March 2007 46,030 46,695  - Feb. 2016 through 2022
May 2007 173,300 175,420  - June 2013 through 2022
        
Totals $527,730 $528,945