Annual Report of the State Comptroller Budgetary Basis Fiscal Year Ended June 30, 2012 - CAPITAL PROJECTS FUNDS SCHEDULE E-3

State of Connecticut

CAPITAL PROJECTS FUNDS

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-3
JULY 1, 2012 TO JUNE 30, 2013
(In Thousands)
OUTSTANDING
6/30/2012
ADDITIONS
2012-13
RETIRED/
DEFEASED
2012-13
OUTSTANDING
6/30/2013
Bonds Redeemable From General and Transportation        
Fund Revenues        
Capital Improvements and Other Purposes $1,926,930 $350,373 $211,732 $2,065,571
School Construction 4,547,663 435,359 170,332 4,812,690
Municipal and Other Grants and Loans 814,072 483,768 214,056 1,083,784
Elderly Housing 237,895 30,500 61,300 207,095
Elimination of Water Pollution 230,550 - 24,119 206,431
Infrastructure Improvement 3,287,340 627,390 452,855 3,461,875
General Obligation Refunding 3,838,740 69,790 418,455 3,490,075
Pension Obligations 2,276,578 - - 2,276,578
Miscellaneous 116,485 - 4,965 111,520
Total from General and Transportation Funds 17,276,253 1,997,180 1,557,814 17,715,619
         
Bonds Redeemable From Other Sources        
Bradley International Airport 195,185 - 16,235 178,950
Clean Water Fund 823,775 162,170 201,555 784,390
Total from Other Sources 1,018,960 162,170 217,790 963,340
Total Bonds Outstanding $18,295,213 $2,159,350 $1,775,604 $18,678,959
         
Notes Redeemable from General Fund Revenue        
Economic Recovery Notes $747,935 $- $174,570 $573,365
Total Notes Outstanding $747,935 $- $174,570 $573,365

 

Occasionally during the fiscal year, cash resulting from bond refunding 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
       
G.O. October 2012 $69,790 $71,380 Mar. 2013 through September 2015
S.T.O. December 2012 125,100 139,120 Jul. 2013 through Jan.. 2025
  $194,890 $210,500