CAPITAL PROJECTS FUNDS
| CHANGES IN BONDS AND NOTES OUTSTANDING | SCHEDULE E-2 | |||
|---|---|---|---|---|
| JULY 1, 2015 TO JUNE 30, 2016 | ||||
| (In Thousands) | ||||
|
OUTSTANDING 6/30/2015 |
ADDITIONS 2015-16 |
RETIRED/ DEFEASED 2015-16 |
OUTSTANDING 6/30/2016 |
|
| Bonds Redeemable From General and Transportation | ||||
| Fund Revenues | ||||
| Capital Improvements and Other Purposes | $2,820,842 | $657,751 | $23,616 | $3,454,977 |
| School Construction | 4,680,451 | 561,515 | 713,710 | 4,528,256 |
| Municipal and Other Grants and Loans | 2,083,597 | 814,099 | 778,409 | 2,119,287 |
| Elderly Housing | 335,245 | 163,145 | 73,475 | 424,915 |
| Elimination of Water Pollution | 214,914 | 65,000 | 18,405 | 261,509 |
| Infrastructure Improvement | 4,089,540 | 700,000 | 269,850 | 4,519,690 |
| General Obligation and Other Refunding | 3,385,425 | 721,635 | 324,000 | 3,783,060 |
| GAAP Conversion Obligations | 560,430 | - | 32,455 | 527,975 |
| Pension Obligations | 2,230,543 | - | 12,850 | 2,217,693 |
| Miscellaneous | 86,340 | - | 34,590 | 51,750 |
| Total from General and Transportation Funds | 20,487,327 | 3,683,145 | 2,281,360 | 21,889,112 |
| Bonds Redeemable From Other Sources | ||||
| Bradley Parking Garage | 33,010 | - | 2,415 | 30,595 |
| Clean Water Fund | 882,165 | - | 81,145 | 801,020 |
| Total From Other Sources | 915,175 | - | 83,560 | 831,615 |
| Total Bonds Outstanding | $21,402,502 | $3,683,145 | $2,364,920 | $22,720,727 |
| Notes Redeemable from General Fund Revenue | ||||
| Economic Recovery Notes | $520,275 | - | $167,690 | $352,585 |
| Total Notes | $520,275 | $ - | $167,690 | $352,585 |
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 |
|---|---|---|---|
| S.T.O. - October 2015 | $139,770 | 152,775 | - Feb 2016 through Aug. 2027 |
| UCONN - April 2016 | 80,425 | 88,535 | - Sept. 2016 through Mar. 2027 |
| G.O. - June 2016 | 501,440 | 566,960 | - Oct. 2016 through May 2026 |
| Totals | $721,635 | $808,270 |