STATE OF CONNECTICUT Comprehensive Annual Financial Report -Combined Statement of Cash Flows All Proprietary Fund Types, Nonexpendable Trust Funds, and Discretely Presented Component Units

State of Connecticut

Combined Statement of Cash Flows
All Proprietary Fund Types, Nonexpendable Trust Funds, and
Discretely Presented Component Units

For The Fiscal Year Ended June 30,1996
(Expressed in thousands)

Proprietary Fund Types Fiduciary Fund TypeProprietary
Fund Type
Total
Reporting
Entity
(Memorandum
Only)


Enterprise

Internal
Service

Nonexpendable
Trust
Total
Primary
Government
(Memorandum only)
Component
Units
Cash Flows From Operating Activities:
Operating Income (Loss) $(3,024) $3,940 $14,732 $15,648 $(13,286) $2,362
Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities:
Amortization and Depreciation. 7,755 16,010 - 23,765 24,425 48,190
Provision for loan losses. 417 - - 417 11,229 11,646
Investment income - - (26,219) (26,219) - (26,219)
Interest expense.. 7,856 - 18,909 26,765 188,727 215,492
Changes in assets and liabilities:
(Increase) decrease in receivables. (598) 676 (1,963) (1,885) (1,414) (3,299)
(Increase) decrease in due from other funds. - 2,549 4,054 6,603 1,375 7,978
(Increase) decrease in receivable from other governments.. 21 - - 21 - 21
(Increase) decrease in inventories and prepaid expenses. (80) 2,153 - 2,073 4,289 6,362
Increase (decrease) in accounts payable and accrued
liabilities 1,273 (3,169) 1,289 (607) (9,870) (10,477)
Increase (decrease) in due to other funds (860) 1,485 (1,667) (1,042) (2,631) (3,673)
Increase (decrease) in payable to other governments - - - - - -
Miscellaneous operating activities 4,183 196 1,925 6,304 19,678 25,982
Issuance of loans, notes & installment contracts receivable.. - - (33,712) (33,712) (674,460) (708,172)
Collection of loans, notes & installment contracts receivable 2,248 - - 2,248 258,306 260,554
Net cash provided by (used in) operating activities 19,191 23,840 (22,652) 20,379 (193,632) (173,253)
Cash Flows From Noncapital Financing Activities:
Contributed capital. - - - - 4,752 4,752
Proceeds from sale of bonds and notes - - 129,656 129,656 506,340 635,996
Retirement of bonds and notes payable. (2,305) - (55,615) (57,920) (473,845) (531,765)
Interest on bonds and notes payable (8,039) - (18,721) (26,760) (193,495) (220,255)
Transfers from other funds. 4,892 - 13,546 18,438 - 18,438
Transfers to other funds. (822) - (3,649) (4,471) - (4,471)
Bond issuance and/or redemption costs. - - - - (8,549) (8,549)
Miscellaneous noncapital financing activities-Additions - - - - 20,917 20,917
Miscellaneous noncapital financing activities-Deletions - - - - (173) (173)
Net cash provided by (used in) noncapital financing activities (6,274) - 65,217 58,943 (144,053) (85,110)
Cash Flows From Capital And Related Financing Activities:
Purchase of fixed assets (6,410) (21,928) - (28,338) (9,496) (37,834)
Proceeds from sale of bonds and notes.. - - - - 354,874 354,874
Retirement of bonds and notes payable.. (2,630) - - (2,630) (128,075) (130,705)
Interest on bonds and notes payable. (6,967) - - (6,967) (137,801) (144,768)
Capital contributions or grants. 1,871 - - 1,871 - 1,871
Miscellaneous capital and related financing activities-Additions.. - - - - 106,753 106,753
Miscellaneous capital and related financing activities-Deletions.. - - - - (40) (40)
Net cash provided by (used in) capital and related
financing activities
(14,136) (21,928) - (36,064) 186,215 150,151
Cash Flows From Investing Activities:
Proceeds from sales of investment securities. - - - - 1,101,307 1,101,307
Purchases of investment securities. (627) - (58,701) (59,328) (1,033,334) (1,092,662)
Interest and income on investments 7,533 - 16,712 24,245 73,915 98,160
Reduction in loan receivable - - - - 8,708 8,708
Net cash provided by (used in) investing activities 6,906 - (41,989) (35,083) 150,596 115,513
Increase (decrease) in cash 5,687 1,912 576 8,175 (874) 7,301
Cash and cash equivalents - July 1. 49,782 - 3,728 53,510 260,835 314,345
Cash and cash equivalents - June 30 $ 55,469 $1,912 $4,304 $61,685$259,961 $321,646
Reconciliation of cash and cash equivalents to balance sheet:
Cash and cash equivalents - June 30 (balance sheet) $16,618 $865,521 $127,894
Plus-cash and cash equivalents in restricted assets. 38,851 - 132,067
Less-cash and cash equivalents in other fiduciary fund types - 861,217 -
Cash and cash equivalents - June 30 $ 55,469 $4,304
The accompanying notes are an integral part of the financial statements.

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