STATE OF MARYLAND

Combined Statement of Changes in Financial Position

Other Enterprise Funds, Nonexpendable

Trust Funds and Pension Trust Funds

for the year ended June 30,1979

(Expressed in Thousands)

	Proprietary	Fiduciary Fund
	Fund Type	Types
				Total
	Other	Nonexpendable	Pension	(Memorandum
	Enterprise	Trust Funds	Trust Funds	Only)
Sources of financial resources:
Operations:
Income before extraordinary item ....................................	$168,146	$ 6,159	$267,220	$441,525
Expenses not requiring current outlay of financial resources:
Depreciation and amortization.....................................	345			345
Other .........................................................	540	14		554
Total sources of financial resources from operations before extraordinary
item ......................................................	169,031	6,173	267,220	442,424
Extraordinary item — gain on refunding of revenue bonds ..................	36,216			36,216
Total sources of financial resources from operations .................	205,247	6,173	267,220	478,640
Issuance of long-term debt............................................	233,815			233,815
Contributed capital .................................................	20,527			20,527
Increase (decrease) in accounts payable and accrued liabilities ..............	3,456	14,037	(1,509)	15,984
Decrease in restricted assets ..........................................	69,949			69,949
Total sources of financial resources ...............................	532,994	20,210	265,711	818,915
Uses of financial resources:
Advanced refunding of prior revenue bonds..............................	252,542			252,542
Transfer of lottery earnings to general fund .............................	130,081			130,081
Acquisition of fixed assets ............................................	7,042	23		7,065
Increase in investments ..............................................	24,441	20,095	288,845	333,381
Increase (decrease) in accounts, loans and notes receivable .................	45,040	93	(22,347)	22,786
Increase in inventories...............................................	207			207
Retirement of long-term debt .........................................	59,354			59,354
Decrease in liabilities payable from restricted assets ......................	7,482			7,482
Other, net .........................................................	6,644	331	33	7,008
Total uses of financial resources..................................	532,833	20,542	266,531	819,906
Net increase (decrease) in unrestricted cash ...................................	$ 161	$ (332)	$ (820)	$ (991)

The accompanying notes to combined financial statements are an integral part of these financial statements.