REPORT

OF THE

COMPTROLLER OF THE TREASURY

OF THE
STATE OF MARYLAND

January 17, 1972

TO THE GENERAL ASSEMBLY OF MARYLAND AND TO
THE HONORABLE MARVIN MANDEL,

Governor of Maryland

In compliance with the provisions of Section 9 of Article 19 of the Annotated Code of Maryland,
I am pleased to submit herewith a report of the financial activities of the State of Maryland for the
fiscal year ended June 30, 1971

The report follows a pattern similar to that for prior fiscal years, and I believe it will supply ade-
quately the information wanted by public officials, financial institutions, libraries, accountants, and others,
interested in such matters.

The State began its 1971 fiscal year with a total General Fund Surplus of $56,267,006. However,
since 1971 expenditures were greater than revenues, we completed the fiscal year with a total General
Fund Surplus of $37,589,715., summarized as follows:

General Fund Surplus, July 1, 1970		$56,267,006.
Surplus Increases — Revenues, etc.	$931,933,422.
Less: Surplus Decreases — Net
Appropriations, etc.	950,610,713.
Excess of Decreases over Increases		18,677,291.
General Fund Surplus— June 30, 1971		$37,589,715.

A detailed analysis of the General Fund Surplus Account is presented in this report in Statement A—16.

Cash Receipts into the State Treasury amounted to $4,439,443,186., as reflected in Exhibit B, and
are summarized as follows:

General Funds	$2,647,000,503.
Special Funds	552,981,281.
Federal Funds	190,220,519.
Loan Funds	195,146,324.
Annuity Bond (Sinking) Funds	67,120,548.
All Other Funds	786,974,011.
	$4,439,443,186.

A more detailed analysis of cash receipts by Agency sources and fund is presented in this report as
Exhibit B. These receipts include approximately $2,700,000,000. in cash transactions, which are appli-
cable to advances, budget credits, sales of investments, etc., which are not regarded as operating receipts
of the State Government.

Cash disbursements from the State Treasury amounted to $4,433,676,661., and are analyzed by
Funds as follows:

General Funds	$2,729,188,878.
Special Funds	550,586,385.
Federal Funds	189,203,566.
Loan Funds	152,450,559.
Annuity Bond (Sinking) Funds	64,854,365.
All Other Funds	747,392,908.
	$4,433,676,661.