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 |