REPORT

OF THE
COMPTROLLER OF THE TREASURY

OF THE
STATE OF MARYLAND

September 30, 1964
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 (1957), I submit herewith a
report of the fiscal activities of the State for the year ended June 30,
1964.

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

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, 1964.

Unappropriated General Fund Surplus $12,077,092.00
Cash in Banks, All Funds 35,120,907.34
Bonds Issued and Outstanding 287,423,000.00
Bonds Authorized and Unissued 165,235,578.18
State Real Estate Tax

(Calendar Year 1964) 15.00 cents

The State began its 1964 fiscal year with a total Surplus Ac-
count of $34,257,332.03. General Fund Revenues for the 1964
fiscal year exceeded requirements for the year by $3,270,717.97
leaving a balance of $37,528,050.00. Of this amount $23,657,433.00
has been reserved to supplement 1965 General Fund Revenue for
budgetary operations and $1,793,525.00 has been advanced to de-
partments from the General Fund, so that there is an Unappropriated
Surplus of $12,077,092.00. If necessary, another $6,000,000.00 is
in the Revenue Deficiency Fund making a total of $18,077,092.00
in additional General Funds to help finance the 1966 General Fund
Operating Budget.

Cash Receipts into the State Treasury were as follows:
General Fund $ 309,780,243.00
Special Funds 239,097,274.54
Federal Funds 49,716,675.97
All Other Funds 413,456,387.91

Total $1,012,050,581.42