CAPITAL CONSTRUCTION FUND

3 Months Ended

Mar. 31, 2015

3.CAPITAL CONSTRUCTION FUND

At March 31, 2015 and December 31, 2014, the Company had the following amounts of assigned eligible accounts receivable, and on deposit to the Capital Construction Fund (“CCF”) (in millions):

	March 31		December 31
	2015		2014
CCF on deposit	$	27.5	$	27.5
Eligible accounts receivable assigned to CCF	150.9		150.7
Total	$	178.4	$	178.2

Due to the nature of the assignment of eligible accounts receivables into the CCF, such assigned amounts are classified as part of accounts receivable in the condensed consolidated balance sheets. The Company’s CCF on deposit of $27.5 million at March 31, 2015 and December 31, 2014, was invested in a money market fund, and is classified as a long-term asset in the Company’s condensed consolidated balance sheet.

The Company’s CCF is described in Note 6 to the consolidated financial statements included in Item 8 of the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2014.