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Report of the Comptroller, 1997-98
Volume 197, Page 68   View pdf image (33K)
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13. Interfund Transfers:
Interfund transfers, as of June 30, 1998, consist of the following (amounts expressed in thousands).

Operating IYansfers In
General Fund

Operating Transfers Out
Special Revenue Fund — Maryland Department of
IYansportation
Capital Projects Fund
Enterprise Funds—
Maryland State Lottery Agency
Economic Development — Insurance Programs
Economic Development — Loan Programs
Component Units —
Higher Education
Maryland Industrial Development Financing Authority

Amount
$ 60,825
1,964
400,126
1,158
4,398
426
167

Special Revenue Fund — Maryland Department of



IYansportation
Debt Service Funds —

General Fund

103,946

General Obligation Bonds
Maryland Department of Transportation

General Fund
Capital Projects Fund
Special Revenue Fund — Maryland Department of

172,008
14,376

Maryland Transportation Authority

Transportation
Special Revenue Fund — Maryland Department of

127,277


IYansportation
Special Revenue Fund — Maryland IYansportation Authority

21,958
29,118

Capita] Projects Fund
Enterprise Funds —

General Fund

83,634

Loan Programs
Component Units —

General Fund

55,045

Higher Education
Component Units — Proprietary

General Fund
Capital Projects Fund

668,457
83,800

Maryland Stadium Authority
Maryland Industrial Development Financing Authority

General Fund
General Fund

18,371
3,000

14. Segment Information:
Activity segments included in enterprise funds are described in Note IB. Selected financial information with
respect to these segments as of and for the year ended June 30, 1998, is as follows (amounts expressed in
thousands).

Operating revenues......................................................................
Depreciation and amortization ...................................................
Operating (loss) income.........................................................................
Operating interfund transfers:
Net income (loss).............................,......................................
Current capital contributions.................................................................
Property, plant, and equipment:
Additions...................................................................
Deletions...................................................................
Total assets....................................................................
Bonds and other long-term liabilities payable from operating
revenues......................................................................
Total capital.................................................................
Net working capital.....................................................................

Insurance
Programs
$ 14,447
14
(2,707)
0,158)
(3,866)
3
117,417
76,362
71,647


Loan
Programs
$ 258,583
1,070
26,922
55,045
(4,398)
103,218
15,705
353
47
3,697,178
2,536,505
1,053,753
1,106,827

Segments
Lottery
$1,072,632
890
398,527
(400,126)
(1,789)
2,396
527,394
2,450
481,376

Manufacturing
(State Use
Industries)
$30,003
883
576
589
4
1,719
13
20,315
16,992
12,866

Total
$1,375,665
2,857
423,318
55,045
(405,682)
98,153
15,709
4,471
60
4,362,304
2,536,505
1,149,557
1,672,716

15. Retirement Benefits:
State Retirement and Pension System of Maryland (System):
The State contributes to the System, an agent multiple-employer public employee retirement system
established by the State to provide pension benefits for State employees (other than employees covered by the
Mass Transit Administration Pension Plan described below) and employees of 127 participating political
subdivisions or other entities within the State. The non-State entities that participate within the System receive
separate actuarial valuations in order to determine their respective funding levels and actuarial liabilities.
Retirement benefits are paid from the System's pooled assets rather than from assets relating to a particular plan
participant. Consequently, the System is accounted for as a single plan as defined in GASB Statement No. 25,
"Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans." The

 
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Report of the Comptroller, 1997-98
Volume 197, Page 68   View pdf image (33K)
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