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
|
|
|