STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30, 1998
(Expressed in Thousands)
Operating revenues: |
Economic
Development
Insurance Loan
Programs Programs |
Maryland
State
Lottery
Agency |
State Use
Industries |
Total |
Lottery ticket sales............................................................. |
|
$1,072,632 |
|
$1,072,6.32 |
Charges for services and sales..............................................
Interest and other investment income............................................................... |
. $ 8,374 $ 3,849
. 6,069 246,431 |
|
$30,003 |
42,226
252,500 |
Other............................................................. |
4 8,303 |
|
|
8.307 |
Total operating revenues..........................................
Operating expenses: |
. 14,447 258,583 |
1,072,632 |
30,003 |
1,375,665 |
Prizes and claims.....................................................
Commissions and bonuses................................................. |
|
571,137
60,198 |
|
571,137
60,198 |
Cost of sales and servirps .,.,,, |
|
|
24,501 |
24 501 |
Operation and rnaintenance of farilities................................................. |
11.586 |
|
|
11,586 |
General and administrative...................................... |
.. 2,212 30,355
166,089 |
40,364 |
4,043 |
76,974
166,089 |
Depreciation and amortization....................................
Provision forinsiiranrp and loan losses .......... ............... |
14 1,070
.. 14,928 832 |
890 |
883 |
2,857
15760 |
Other................................................................
Total operating expenses...............................................
Operating (loss) income..................................................
Non-operating revenues (expenses'): |
21,729
. 17,154 231,661
. (2,707) 26,922 |
1,516
674,105
398,527 |
29,427
576 |
23,245
952,347
423,318 |
Investment income............................................
Interest expense ................... . ................... |
1,722
(16) |
(190) |
|
1,722
(-2061 |
Other..................................................... |
23,943 |
|
13 |
23,956 |
(Loss) income before transfers .........................
Operating transfers in................................
Operating transfers out..................................
Net (loss) income........................................
Add: Depreciation of assets acquired from contributed capital.........................
Increase (decrease) in retained earnings......................................................
Retained earnings, July 1, 1997....................................
Retained earnings, June 30, 1998...................................................... |
. (2,707) 52,571
55,045
. (1,158) (4,398)
.. (3,865) 103,218
. (3,865) 103,218
- 31,932 340,335
. $ 28,067 $443,553 |
398,337
(400,126)
(1,789)
(1,789)
4,239
$ 2,450 |
589
589
252
841
14,924
$15,765 |
448,790
55,045
(405,682)
98,153
252
98,405
391,430
$ 489,835 |
|
 |
