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 $10,738,499,000. in cash transactions applica-
ble 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 $13,701,341,514 and are analyzed by
Funds as follows:

General Fund... . .......................... . ......... . . $9,935,660,361

Special Funds........ ............................... ........ 1,186,741,370

Annuity Bond (Sinking) Fund.............................. ... 125,787,321

Federal Funds...................................... .......... 398,353,172

Loan Funds............................................ . ... 364,792,986

All other Funds....... ................... . ... ............ 1,690,006,304

$18,701,341,614

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 $10,642,064,000. in cash trans-
actions 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 $56,135,056 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................................................. $571,777

Special Funds.................... ..................... ... .. 24,218,983

Annuity Bond (Sinking) Fund .......... ...... ......... ... . . 35,760,588

Federal Funds .................. ....................... ... (13,400,805)

Loan Funds................................................... (31,664,948)

Other Funds..................................... ............ 40,649.461

$56,136,056
( ) Denotes over draft—see Exhibit A for additional information.

Investments of cash funds in excess of daily operating requirements, which totaled $263,182,160
at June 30, 1975, are set forth in detail in Statement A—3. An analysis of these investments by fund
is as follows:

General Fund................................................. $91,466,000

Special Funds................................................. 3,535,000

Non-Budgeted Funds.......................................... 168,181,160

Total Investments............................................ $263,182,160

$24,278,314 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 is safe
deposit boxes maintained at the Maryland National Bank, Baltimore, Maryland.

Under the provisions 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 $5,983,781 are presented in detail in Statement A—2 and consist of the following funds: