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 |