STATE OF MARYLAND

Combined Statement of Revenues, Expenses, Interfund Transfers,

Operating Transfers and Changes in Fund Balance

Higher Education and University Hospital Funds

for the year ended June 30,1979

(Expressed in Thousands)

	Current	Funds		Endowment
				and Similar
	Unrestricted	Restricted	Loan Funds	Funds	Plant Funds	Total
Revenues:
Student tuition and fees .................................	$ 96,902				$ 407	$ 97,309
Patient service revenue..................................	70,520					70,520
Federal grants and contracts .............................	18,783	$53,392	$2,533			74,708
State grants and contracts ...............................		7,555				7,555
Private gifts, grants and contracts .........................	745	10,987	22	$208		11,962
Sales and services ......................................	67,624	256				67,880
Investment income .....................................	309	734		308	556	1,907
Realized losses on endowment investments ..................				(611)		(611)
Interest on loans receivable ..............................			284			284
Other ................................................	4,489		55			4,544
Total revenues ...................................	259,372	72,924	2,894	(95)	963	336,058
Expenses:
Educational and general:
Instruction ..........................................	171,740	1,620				173,360
Research ............................................	26,997	43,436				70,433
Public service ........................................	8,307	455				8,762
Academic support.....................................	15,882	74				15,956
Student services ......................................	24,965		151			25,116
Institutional support ..................................	36,498					36,498
Scholarships and fellowships ...........................	3,442	26,511				29,953
Operation and maintenance of plant .....................	55,303					55,303
Auxiliary enterprises ...................................	53,235	39				53,274
Hospital ..............................................	88,327					88,327
Loan cancellations, write offs and refunds...................			2,481			2,481
Non-capitalized expenditures for plant facilities..............					2,190	2,190
Disposal of property, plant and equipment ..................					605	605
Interest on indebtedness .................................					995	995
Other ................................................	1,223			70		1,293
Total expenses....................................	485,919	72,135	2,632	70	3,790	564,546
Higher Education and University Hospital interfund transfers —
in (out):
Mandatory:
Principal and interest on revenue bonds ..................	(1,335)				1,335
Renewals and replacements ............................	(429)				429
Loan fund matching grant .............................	(266)		266
Non-mandatory:
Remodeling, renewals and replacements ..................	(22,223)				22,223
Total Higher Education and University Hospital interfund
transfers ...........................................	(24,253)		266		23,987
Operating transfer from State's general and capital projects funds	228,958				29,539	258,497
Net increase (decrease) in fund balance ...............	(21,842)	789	528	(165)	50,699	30,009
Fund balance, July 1, 1978, as previously reported (Note 4) ......						— 0-
Adjustments (Note 4) .....................................	23,598	3,762	22,930	14,665	814,794	879,749
Fund balance, July 1, 1978, as restated.......................	23,598	3,762	22,930	14,665	814,794	879,749
Fund balance, June 30, 1979...............................	$ 1,756	$ 4,551	$23,458	$14,500	$865,493	$909,758

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

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