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Table 9: Revolving Funds


Statement of Operations
($ millions) Forecast
Spending
2007-2008
Planned
Spending
2008-2009
Planned
Spending
2009-2010
Planned
Spending
2010-2011
Revenues
CORCAN Revenues 77.5 83.7 85.4 85.4
Other Revenues 0.0 0.0 0.0 0.0
Respendable Revenue 77.5 83.7 85.4 85.4
 
Expenses        
Salaries & employee benefits 31.8 33.8 35.2 36.4
Depreciation 1.5 1.8 1.9 2.0
Repairs & maintenance 1.2 2.6 2.6 2.6
Admin & support services 8.1 9.5 9.5 9.5
Utilities, materials & supplies 34.9 36.0 36.2 34.9
Total Expenses 77.5 83.7 85.4 85.4
         
Surplus (deficit) 0.0 0.0 0.0 0.0

Table 9: Revolving Funds



Projected Use of Authority

($ millions)
Forecast
Spending
2007-2008
Planned
Spending
2008-2009
Planned
Spending
2009-2010
Planned
Spending
2010-2011
Authority *        
Authority - April 1 5.0 5.0 5.0 5.0
Adjustment to the Revolving Fund Authority 0.0 0.0 0.0 0.0
Sub-Total Authority - March 31 5.0 5.0 5.0 5.0
         
Drawdown        
Balance - April 1 10.5 9.7 8.8 7.4
Projected surplus (drawdown) (0.8) (0.9) (1.4) (1.0)
Sub-Total Drawdown - March 31 9.7 8.8 7.4 6.4
         
Projected Balance at March 31 14.7 13.8 12.4 11.4

*Five million dollars is the maximum amount that may be drawn down at any time from the Consolidated Revenue Fund.

Table 9: Revolving Funds



Statement of Cash Flows

($ millions)
Forecast
Spending
2007-2008
Planned
Spending
2008-2009
Planned
Spending
2009-2010
Planned
Spending
2010-2011
Operating Activities        
Surplus (Deficit) 0.0 0.0 0.0 0.0
Add: Items Not Requiring Use of Funds        
Provision for Employee Termination Benefits 1.7 0.5 0.5 0.5
Amortization of fixed assets 1.7 1.8 1.9 2.0
Amortization of deferred charges 0.0 0.0 0.0 0.0
Allowance for doubtful accounts 0.0 0.0 0.0 0.0
Cash surplus (requirement) 3.4 2.3 2.4 2.5
         
Charges in Current Assets and Liabilities        
Deferred Charges 0.0 0.0 0.0 0.0
Accounts Receivable 0.3 0.0 (0.1) 0.0
Inventory (1.0) 0.1 (0.2) 0.0
Accounts Payable (0.2) 0.2 (0.2) 0.0
Payment on charges in provision for Employee Termination Benefits (0.3) (0.4) (0.2) (0.3)
Total Changes (1.2) (0.1) (0.7) (0.3)
         
Net Financial Resources 2.2 2.2 1.7 2.2
         
Investing Activities        
Capital Assets Purchased (3.0) (3.1) (3.1) (3.2)
Net Financial Resources (3.0) (3.1) (3.1) (3.2)
         
         
Net Financial Resources used and Change in the Accumulated Net Charge against the Fund’s Authority Account during the Year (0.8) (0.9) (1.4) (1.0)