State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1997 General Purpose Financial Statements - Combined Statement - Combined Statement of Cash Flows

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, 1997
(Expressed in Thousands)

Proprietary Fund Fiduciary Fund Total Proprietary Fund Total
Types Type Primary Type Reporting
Internal Nonexpendable Government Component Entity
Enterprise Service Trust (Memorandum only) Units (Memorandum only)
Cash Flows From Operating Activities:
Operating Income (Loss) $256,450 $ 10,723 $ 35,231 $ 302,404 $ (9,806) $ 292,598
Adjustments to Reconcile Operating Income (Loss) to Net Cash
Provided by (Used in) Operating Activities:
Amortization and Depreciation 14,347 16,590 - 30,937 23,123 54,060
Provision for Loan Losses 4,427 - - 4,427 4,524 8,951
Investment Income - - (28,168) (28,168) - (28,168)
Interest Expense 7,814 - 21,914 29,728 193,244 222,972
Changes in Assets and Liabilities:
(Increase) Decrease in Receivables (21,089) (3,040) (782) (24,911) 864 (24,047)
(Increase) Decrease in Due From Other Funds (5,972)634 - (5,338) (825) (6,163)
(Increase) Decrease in Receivable From Other Governments 3,292 - - 3,292 - 3,292
(Increase) Decrease in Inventories and Prepaid Expenses (1,009) 357 - (652) (9,148) (9,800)
Increase (Decrease) in Accounts Payable and Accrued
Liabilities 41,577 (2,155) (1,328) 38,094 7,696 45,790
Increase (Decrease) in Due to Other Funds 5,556 (9,075) - (3,519) - (3,519)
Miscellaneous Operating Activities (2,836) (1,029)303 (3,562)18,186 14,624
Issuance of Loans, Notes & Installment Contracts Receivable - - (35,953) (35,953) (741,455) (777,408)
Collection of Loans, Notes & Installment Contracts Receivable - - - - 322,513 322,513
Net Cash Provided by (Used in) Operating Activities 302,557 13,005 (8,783)306,779 (191,084)115,695
Cash Flows From Noncapital Financing Acitivites:
Contributed Capital - - - - 19,560 19,560
Proceeds From Sale of Bonds and Notes - - - - 575,810 575,810
Retirement of Bonds and Notes Payable (2,175) - (15,395)(17,570)(412,760) (430,330)
Interest on Bonds and Notes Payable (7,899) - (22,434)(30,333)(191,489) (221,822)
Transfers From Other Funds 4,807 - 13,900 18,707 - 18,707
Transfers to Other Funds (253,401) - (3,630) (257,031) - (257,031)
Bond Issuance and/or Redemption Costs - - - - (8,992) (8,992)
Miscellaneous Noncapital Financing Activities-Additions - - - - 3,045 3,045
Miscellaneous Noncapital Financing Activities-Deletions - - - - (230) (230)
Net Cash Provided by (Used in) Noncapital Financing Activities(258,668) - (27,559) (286,227) (15,056) (301,283)
Cash Flows From Capital And Related Finanicing Activities:
Purchase of Fixed Assets (9,194) (8,901) - (18,095) (7,956) (26,051)
Proceeds From Sale of Bonds and Notes - - - - 760,008 760,008
Retirement of Bonds and Notes Payable (3,036)- - (3,036) (383,677)(386,713)
Interest on Bonds and Notes Payable (6,825) - - (6,825) (151,153)(157,978)
Capital Contributions or Grants 58 - - 58 - 58
Miscellaneous Capital and Related Financing Activities-Additions - - - - 37,314 37,314
Miscellaneous Capital and Related Financing Activities-Deletions (1,130) - - (1,130) (10,405) (11,535)
Net Cash Provided by (Used in) Capital and Related
Financing Activities (20,127) (8,901) - (29,028) 244,131 215,103
Cash Flows From Investing Activities:
Proceeds From Sales of Investment Securities 14,963 - 35,851 50,814 957,712 1,008,526
Purchases of Investment Securities (41,266) - - (41,266) (890,273) (931,539)
Interest and Income on Investments 9,387 - 21,439 30,826 90,715 121,541
Reduction in Loan Receivable - - - - 10,063 10,063
Net Cash Provided by (Used in) Investing Activities (16,916) - 57,290 40,374 168,217 208,591
Increase (Decrease) in Cash 6,846 4,104 20,948 31,898 206,208 238,106
Cash and Cash Equivalents - July 1 116,310 1,912 4,304 122,526 259,961 382,487
Cash and Cash Equivalents - June 30 $ 123,156 $ 6,016 $ 25,252 $ 154,424 466,169 $ 620,593
Reconciliation of Cash and Cash Equivalents to Balance Sheet:
Cash and Cash Equivalents - June 30 (Balance Sheet) $ 59,507 $ 976,844 $ 257,895
Plus-Cash and Cash Equivalents in Restricted Assets 63,649 - 208,274
Less-Cash and Cash Equivalents in Other Fiduciary Fund Types - 951,592 -
Cash and Cash Equivalents - June 30 $123,156 $ 25,252 $ 466,169

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