A more detailed analysis of cash receipts by Agency sources and by fund is presented in this report
as Exhibit B. These receipts include approximately $9,104,661,000 in cash transactions applicable to
advances, budget, credits, sales of invesements, etc., which are not regarded as operating receipts of the
State Government.

Cash Disbursemerts from the State Treasury amounted to $11,645,650,895, and are analyzed by
Funds as follows:

General Fund $8,472,468,326

Special Funds 1,084,298.392

Annuity Bond (Sinking) Fund 105,318,372

Federal Funds 281,258,317

Loan Funds 257,718,276

All other Funds 1,444,589,212

$11,645,650,895

A statement showing fund disbursements made by all the Agencies of the State is presented in this
report as Exhibit C. These disbursements include approximately $9,069,109,000 in cash transactions
applicable to advances to departments, purchases of investments, refunds, etc., which are not considered
as operating expenditures of the State Government.

The cash balance amounted to $15,022,785 after application of in-transit receipts and disburse-
ments at the close of the fiscal year and, as presented in Statement A—1 of the report, consisted of the

following:

General Fund $ 607,381

Special Funds 28,904,956

Federal Funds (4,768,968)

Annuity Bond (Sinking) Fund 27,344,458

Loan Funds (69,861,958)

Other Funds 32,796,915

$15,022,785
( ) Denotes over draft—see Exhibit A for additional information

Investments of cash funds in excess of daily operating requirements, which totaled $411,402,961
at June 30, 1974 are set forth in detail in Statement A—3. An analysis of these investments by fund
is as follows:

General Fund $111,216,136

Special Funds 80,820,000

Annuity Bond (Sinking) Fund 17,709,410

Non-Budgeted Funds 201,657,416

Total Investments $411,402,961

$21,589,314 of the above is held by the Trust Department of the Equitable Trust Company, for ac-
count of the State Accident Fund, under an agreement dated January 2, 1964 between that Agency
and the bank. The remainder of the investments are held in the custody of the State Treasurer in safe
deposit boxes maintained at the Maryland National Bank, Baltimore, Maryland.

Under the provision of Section 197 of Article 41 of the Annotated Code of Maryland, on the warrant
of the Comptroller, the Treasurer is authorized to advance to the State departments, agencies, etc.,
cash working funds to enable them to make prompt payment for certain expenses. Such advances,
totaling $5,983,820 are presented in detail in Statement A—2 and consist of the following funds: