State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1998 - Combining Financial Statements - Component Units - Combining Statement of Revenues, Expenses and Changes in Retained Earnings

State of Connecticut

Combining Statement of Revenues, Expenses and
Changes in Retained Earnings
Component Units

For The Fiscal Year Ended June 30, 1998
(Expressed in Thousands)

Connecticut
Development
Authority		 Connecticut
Housing
Finance
Authority
(12-31-97)		 Connecticut
Resources
Recovery
Authority		 Connecticut
Higher Education
Supplemental
Loan
Authority		 Connecticut
Health & Educational
Facilities
Authority		 Connecticut
Innovations,
Incorporated		 Total
Operating Revenues:
Charges for Services $ 2,227 $ - $ 140,321 $ - $ - $ - $ 142,548
Interest on Financing Activities 10,822 193,717 - 6,175 143,028 977 354,719
Civic Center Lease Operations 11,445 - - - - - 11,445
Miscellaneous 1,884 13,430 7,538 663 2,980 347 26,842
Total Operating Revenues 26,378 207,147 147,859 6,838 146,008 1,324 535,554
Operating Expenses:
Administrative 4,040 19,898 5,015 1,197 1,213 2,622 33,985
Depreciation and Amoritization 293 4,127 17,078 164 54 153 21,869
Interest on Financing Activities 6,740 187,070 - 5,670 143,028 - 342,508
Civic Center Lease Operations 15,364 - - - - - 15,364
Solid Waste Operations - - 96,334 - - - 96,334
Other Program Expenses 1,047 5,739 5,979 843 1,224 225 15,057
Total Operating Expenses 27,484 216,834 124,406 7,874 145,519 3,000 525,117
Operating Income (Loss) (1,106) (9,687) 23,453 (1,036) 489 (1,676) 10,437
Nonoperating Revenues (Expenses):
Interest and Investment Income 6,914 42,609 6,678 1,510 774 15,710 74,195
Interest and Fiscal Charges - - (19,606) - - - (19,606)
Other - 690 (1,145) - - - (455)
Total Nonoperating Income (Expense) 6,914 43,299 (14,073) 1,510 774 15,710 54,134
Net Income (Loss) 5,808 33,612 9,380 474 1,263 14,034 64,571
Add Items Affecting Contributed Capital:
Depreciation on Equipment Acquired through
Capital Grants. - - 147 - - - 147
Total Add Back Items - - 147 - - - 147
Retained Earnings-July 1 (5,107) 369,553 34,564 155 12,469 (10,690) 400,944
Retained Earnings-June 30 $ 701 $ 403,165 $ 44,091 $ 629 $ 13,732 $ 3,344 $ 465,662

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