REPORT

OF THE

COMPTROLLER OF THE TREASURY

OF THE

STATE OF MARYLAND

October 1, 1958 To THE HONORABLE THE GENERAL ASSEMBLY OF MARYLAND

In compliance with the provisions of Section 9 of Article 19 of the Annotated Code of Maryland, I submit herewith a report of the fiscal activities of the State for the year ended June 30, 1958.

The report follows the pattern of similar reports for the past several years and I believe it will adequately supply the information wanted by public officials, financial institutions, libraries, accountants and others interested in such information.

I am listing below items which are regarded as particularly important in this report of the State's fiscal affairs. The following are balances as at June 30, 1958:

General Fund Surplus	$4,150,787.90
Cash in Banks, All Funds	47,482,837.53
Bonds Issued and Outstanding	203,595,000.00
Bonds Authorized and Unissued	99,817,067.00
State Real Estate Tax (Calendar Year 1958)	14.25 cents

The State began its fiscal year with a surplus of $22,972,543.01. It was necessary to use $18,821,755.11 leaving a balance at the close of the fiscal year of $4,150,787.90. It is estimated that $823,815.00 of this surplus will be necessary to support the 1959 general fund appropriations.

Cash receipts into the State treasury were as follows:

General Fund	$141,675,780.38
Special Fund	147,847,326.58
Federal Fund	26,196,625.27
Loan and Miscellaneous Funds	183,102,754.16
Total	$498,822,486.39