September 15, 1973

TO THE GOVERNOR,

THE MEMBERS OF THE GENERAL ASSEMBLY

AND THE PEOPLE OF MARYLAND

I am pleased to present our thirteenth condensed
and simplified Annual Report of the financial
affairs of Maryland, covering the Fiscal Year
ended June 30, 1973.

This report is not intended to replace the much
more detailed official Annual Report, also being
published, which will be released in the near future,
but is designed to give, in layman's language,
a 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. How-
ever, in order to obtain the clearest possible pic-
ture of the regular financial operations of the
State government, we have eliminated the invest-
ment transactions, interfund transfers, etc. from
the totals, leaving receipts of $2,297,922,000 and
disbursements of $2,295,598,000 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 addi-
tional information on the State's finances upon
request.

Cordiallv yours.

Louis L. Goldstein
Comptroller of the
Treasury of Maryland

[See image for photograph]