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
|
 |
