|
35
STATE OF MARYLAND
Miscellaneous Accounts Receivable
June 30, 1977
|
|
Project
|
Balance
|
Charges During
|
Receipts During
|
Balance
|
|
Classification
|
Code
|
July 1, 1976
|
Fiscal Year 1977
|
Fiscal Year 1977
|
June 30, 1977
|
|
GENERAL FUND
|
|
|
|
|
|
|
Maryland Historical Trust, Grants in Aid
|
|
|
|
|
|
|
Program:
|
|
|
|
|
|
|
Francis Scott Key Memorial Found-
|
|
|
|
|
|
|
ation, Inc..............................
|
131001
|
$ 4,000.00
|
$(4.000.00)(A)
|
|
|
|
Historic Annapolis, Inc ..................
|
131002
|
4,000.00
|
(4.000.00)(B)
|
|
|
|
Rights of Way Agreements:
Colonial Pipeline Company ...............
|
131011
|
|
729.75
|
$729.75
|
|
|
Eastern Shore Natural Gas Company ......
|
131012
|
|
120.87
|
120.87
|
|
|
Transcontinental Pipeline Company ......
|
131013
|
|
2,203.60
|
2,203.60
|
|
|
Northern Central Railroad ....................
|
131021
|
540,000.00
|
90,000.00
|
|
$ 630,000.00(F)
|
|
ANNUITY BOND FUND
|
|
|
|
|
|
|
Ocean City Convention Hall Commission .....
|
808601
|
3,902,020.62
|
128,494.31
|
|
4,030,514.93(0
|
|
Greater Baltimore Region Consolidated
Wholesale Food Market Authority ..........
|
808701
|
5,144,789.10
|
101,118.64
|
|
5,245,916.74(D)
|
|
Maryland Wholesale Food Center Authority . .
|
811101
|
|
4,999,970.00
|
|
4,999,970.00(E)
|
|
Total ..........................
|
|
$9,594,818.72
|
$5,314,637.17
|
$3,054.22
|
$14,906,401.67
|
(A) At its meeting of November 5, 1976, the Board of Public Works authorized the recordation of this account receivable as a
Grant. This change in accounting is shown as a reduction of charges during this Fiscal Year.
(B) During the year the $4,000.00 account receivable for Historic Annapolis, Inc. was assigned to the Department of Economic
and Community Development which is the Department responsible for collection of the receivable. The assignment is shown in
this schedule as a reduction of charges during this Fiscal Year.
(C) Ocean City Convention Hall Commission:
Includes $1,030,514.93 in uncollected interest. The $3,000,000 receivable was established by Chapter 722 of the Acts of 1966 as
amended by Chapter 646 of the Acts of 1967. Said Acts specify that the Commission, after deducting necessary operation and mainte-
nance costs, shall pay the remaining proceeds from the rental and use of the hall to the State of Maryland until such as the bonded
indebtedness has been satisfied. No proceeds have been received by the State.
(D) Greater Baltimore Region Consolidated Wholesale Food Market Authority:
Includes $1,245,916.74 in uncollected interest. The $4,000,000 receivable was established by Chapter 145 of the Acts of 1967. Said
Act specified that the Authority shall pay over to the State of Maryland out of Market revenues (after deduction of the cost of main-
taining, repairing and operating the market) the amount of any taxes levied and collected by the State. No collections have been
received by the State.
(E) Maryland Wholesale Food Center Authority:
Receivable was established by Chapter 409 of the Acts of 1969 and approval of the Board of Public Works of a proposal by the
Authority to repay the State over a twenty-three year period at 5 1/4% beginning in 1980.
(F) The State has not received any interest payments on the Northern Central Railroad Company Annuity since April, 1970. Be-
cause the Northern Central Railroad Company is a component in the Penn Central Railroad Bankruptcy proceedings, the ultimate
collection of the remaining balance of the accrued interest receivable shown in this Statement cannot be ascertained at this time.
SCHEDULE A—4-5
|
 |
