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Annual Report of the Comptroller, 1968
Volume 332, Page 10   View pdf image (33K)
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Amounts Applied in Reduction of Gross Deficit

   

Estimated Transfers from other Funds for 1968 Fiscal Year

$ 2,500,000

 

Transfer from other Funds for Prior Fiscal Years

869,308

3,369,308

Reversions of Current and Prior Years' Appropriations

 

19,159,487

Net Operating Deficit for 1968 Fiscal Year

 

$(2,834,076)

Cash receipts into the State Treasury amounted to $2,135,704,901, and areanalyzed by Funds as follows:

General Funds

$1,124,323,388

Special Funds

338,408,457

Federal Funds

123,097,779

Loan Funds

86,659,909

Annuity Bond (Sinking) Funds

47,408,261

All Other Funds

415,807,107

 

$2,135,704,901

A condensed Analysis of sources of these funds as compared with the fiscal year ended June 30, 1967,
is as follows:

REVENUE RECEIPTS:

1968

1967

Increase or (Decrease)

TAXES:

     

Income Taxes

$ 390,534,860.93

$ 217,469,942.07

$ 173,064,918.86

Retail Sales and Use Taxes

145,846,519.13

135,974,015.55

9,872,503.58

Motor Vehicle Fuel Taxes

97,211,586.78

90,472,213 47

6,739,373.31

Motor Vehicle Taxes

40,412,305.50

37,834,986.89

2,577,318.61

Property Tax

25,707,505.71

21,260,987.29

4,446,518.42

Cigarette Tax

25,586,237.17

25,047,058.65

539,178.52

Franchise and Corporation Taxes

18,837,711.26

17,517,729.28

1,319,981.98

Insurance Company Taxes

18,118,336.83

16,180,758.51

1,937,578.32

Alcoholic Beverages Taxes

14,102,395.60

12,805,550.09

1,296,845.51

Horse Racing Taxes

12,712,006.67

12,483,773.16

228,233.51

Death Taxes

8,565,691.31

18,920,744.56

(10,355,053.25)

Admissions and Amusement Taxes

1,343,007.85

1,345,877.40

(2,869,55)

Other Taxes

952,773.29

920,657.13

32,116.16

TOTAL TAXES

$799,930,938.03

$608,234,294.05

$191,696,643.98

OTHER REVENUES:

     

Licenses and Permits

32,815,598.55

30,947,930.32

1,867,668.23

Fees for Services

17,951,932.09

16,270,233.25

1,681,698.84

Fines and Costs

6,854,820.29

6,152,930.26

701,890.03

Sales

1,607,953.81

1,926,760.34

(318,806.53)

Commissions

161,102.17

131,775.25

29,326.92

Rentals

3,469,251.86

2,649,651.37

819,600.49

Interest on Invested Funds

9,468,157.62

8,003,175.91

1,464,981.71

Miscellaneous

2,262,450.53

2,211,448.28

51,002.25

University of Maryland

75,584,281.69

60,546,108.12

15,038,173.57

Federal Grants and Reimbursements

185,577,124.59

127,557,044.96

58,020,079.63

Other Reimbursements

18,918,423.49

21,513,727.38

(2,595,303.89)

TOTAL OTHER REVENUES

$354,671,096.69

$277,910,785.44

$76,760,311.25

TOTAL REVENUE RECEIPTS

$1,154,602,034.72

$886,145,079.49

$268,456,955.23

STATE BOND RECEIPTS.

     

BOND ISSUE PROCEEDS

$106,572,899.21

$140,803,602.24

$(34,230,703.03)

LOAN REPAYMENTS

12,746,208.73

9,741,923.00

3,004,285.73

INTEREST ON LOAN REPAYMENTS

6,495,416.67

5,125,147.31

1,370,269.36

TOTAL STATE BOND RECEIPTS

$125,814,524.61

$155,670,672.55

$(29,856,147.94)

NON-REVENUE RECEIPTS:

     

BUDGET CREDITS

$ 14,932,854.97

$ 11,296,373.63

$3,636,481.34

PROVISIONS FOR REFUNDS

43,597,778.10

35,222,338.60

8,375,439.50

STATE AGENCY TRANSACTIONS

11,734,353.80

9,812,274.58

1,922,079.22

TRUST FUND RECEIPTS

4,429,932.29

3,965,238.63

464,693.66

REVOLVING ACCOUNTS

778,794,535.47

713,067,755.86

65,726,779.61

REDUCTION OF EXPENDITURES

757,685.73

1,419,630.19

(661,944.46)

ADVANCE COLLECTIONS

1,041,201.73

704,528.26

336,673.47

TOTAL NON-REVENUE RECEIPTS

$855,288,342.09

$775,488,139.75

$79,800,202.34

TOTAL RECEIPTS

$2,135,704,901.42

$1,817,303,891 79

$318,401,099 63

 

 

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Annual Report of the Comptroller, 1968
Volume 332, Page 10   View pdf image (33K)
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