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Annual Report of the Comptroller, 1948
Volume 312, Page 9   View pdf image (33K)
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REPORT

OF THE

COMPTROLLER OF THE TREASURY

OF THE

STATE OF MARYLAND

October 15, 1948.
To THE HONORABLE
THE GENERAL ASSEMBLY OF MARYLAND.

I am pleased to submit to you, as required by Article 19, of the
Annotated Code of Maryland, a report of the fiscal affairs of the
State for the period from July 1, 1947 to June 30, 1948, known as
our Fiscal Year 1948.

The CASH BALANCE in the Treasury at June 30, 1948 was
$36,142,700.77. That balance was $5,603,285.30 larger than it was
at the end of the previous year.

Our GENERAL FUND SURPLUS at June 30, 1948 was
$20,473,515.04. The surplus we had originally estimated at the
beginning of the year was $10,512,837.08. The increase over the
estimate was $9,960,677.96.

The ESTIMATED GENERAL FUND SURPLUS as of June
30, 1949 will be $25,498,755.04, which amount includes the working
fund of $2,000,000.00 which is customary for the State to maintain.

The RECEIPTS for the Fiscal Year 1948 were as follows:

General Fund..................................................................$58,680,289.46

Special Fund, etc............................................................. 58,376,113.46

Loan and Other Funds .................................................. 27,577,841.13

Total..........................................................$144,634,244.05

The DISBURSEMENTS for the Fiscal Year 1948 were as fol-
lows:

General Fund....................................................................$56,497,487.62

Special Fund, Etc.......................................................... 59,523,070.12

Loan and Other Funds .................................................. 23,010,401.01

Total..........................................................$139,030,958.75

Our BONDED DEBT at June 30, 1948 was $22,734,000.00, an
increase of $5,839,000.00 over the figure it was at the end of the
previous year.

We issued during the year the following loans:
Post-War Construction Loan of 1945..............................$4,625,000.00

General Construction Loan of 1947.................................. 5,000,000.00

Total Bonds issued...................................$9,625,000.00

We redeemed during the year bonds in the amount of $3,786,000.00

 

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Annual Report of the Comptroller, 1948
Volume 312, Page 9   View pdf image (33K)
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