September 11, 1968

TO THE GOVERNOR, THE MEMBERS OF
THE GENERAL ASSEMBLY AND THE
PEOPLE OF MARYLAND

I am pleased to present our eighth condensed
and simplified Annual Report of the finan-
cial affairs of Maryland, covering the
Fiscal Year ended June 30, 1968.

This report is not intended to replace the
much more detailed official Annual Report
which will be released in the near future,
but is designed to give, in layman's lan-
guage, an early and reasonably complete
picture of the sources from which money
flowed into the State Treasury and the
purposes for which it was spent.

The report is based on the total State
Treasury receipts and disbursements during
the year. However, in order to obtain 'the
clearest possible picture of the regular
financial operations of the State govern-
ment, we have eliminated the investment
transactions interfund transfer, etc.
from the totals, leaving receipts of
$1,063,921,000 and disbursements of
$1,088,907,000 in this report to reflect
the basic governmental operations of
the State.

I trust this report will be both interesting
and informative and I will be happy to
furnish additional information on the
State's finances upon request.

Cordially yours,

Louis L. Goldstein

Comptroller of the Treasury of Maryland

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