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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, 1980
(Expressed in Thousands)
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Current
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Funds
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|
Endowment
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|
|
|
|
|
|
|
and Similar
|
|
|
|
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Unrestricted
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Restricted
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Loan Funds
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Funds
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Plant Funds
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Total
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Revenues:
|
|
|
|
|
|
|
Student tuition and fees .................................
|
$108,539
|
|
|
|
$ 469
|
$109,008
|
Patient service revenue .................................
|
91,079
|
$ 849
|
|
|
|
91,928
|
Federal grants and contracts .............................
|
20,699
|
69,254
|
$ 2,181
|
|
|
92,134
|
State and local grants and contracts .......................
|
2,133
|
6,234
|
|
|
|
8,367
|
Private gifts, grants and contracts ........................
|
1,910
|
6,800
|
|
$ 772
|
306
|
9,788
|
Sales and services ......................................
|
68,861
|
189
|
|
|
|
69,050
|
Investment income .....................................
|
566
|
940
|
24
|
306
|
903
|
2,739
|
Realized losses on endowment investments .................
|
|
|
|
680
|
|
680
|
Interest on loans receivable ..............................
|
|
|
445
|
|
|
445
|
Other ................................................
|
3,480
|
13
|
|
|
3,905
|
7,398
|
Total revenues ..................................
|
297,267
|
84,279
|
2,650
|
1,758
|
5,583
|
391,537
|
Expenses and other deductions:
|
|
|
|
|
|
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Educational and general:
|
|
|
|
|
|
|
Instruction ..........................................
|
191,855
|
160
|
|
|
|
192,015
|
Research ............................................
|
. 22,332
|
52,598
|
|
|
|
74,930
|
Public service ........................................
|
12,182
|
|
|
|
|
12,182
|
Academic support ....................................
|
16,288
|
|
|
|
|
16,288
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Student services ......................................
|
31,369
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|
141
|
|
|
31,510
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Institutional support ..................................
|
42,874
|
|
|
|
|
42,874
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Scholarships and fellowships ...........................
|
4,720
|
31,708
|
|
|
|
36,428
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Operation and maintenance of plant .....................
|
60,440
|
|
|
|
|
60,440
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Auxiliary enterprises ...................................
|
58,325
|
|
|
|
|
58,325
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Hospital ..............................................
|
104,286
|
102
|
|
|
|
104,388
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Loan cancellations, write offs and refunds ..................
|
|
|
1,248
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|
|
1,248
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Non-capitalized expenditures for plant facilities .............
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|
|
|
|
9,486
|
9,486
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Disposal of property, plant and equipment .................
|
|
|
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|
5,692
|
5,692
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Interest on indebtedness ................................
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|
|
|
|
1,413
|
1,413
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Other ................................................
|
1,691
|
|
|
60
|
|
1,751
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Total expenses and other deductions: .................
|
546,362
|
84,568
|
1,389
|
60
|
16,591
|
648,970
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Higher Education and University Hospital interfund transfers —
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|
|
|
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in (out):
|
|
|
|
|
|
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Mandatory:
|
|
|
|
|
|
|
Principal and interest on revenue bonds .................
|
(1,234)
|
|
|
|
1,234
|
|
Loan fund matching grant .............................
|
(241)
|
|
241
|
|
|
|
Non-mandatory :
|
|
|
|
|
|
|
Remodeling, renewals and replacements .................
|
(42,657)
|
|
|
|
42,657
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|
Total Higher Education and University Hospital
|
|
|
|
|
|
|
interfund transfers ..............................
|
(44,132)
|
|
241
|
|
43,891
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|
Operating transfer from State's general and capital projects funds
|
260,223
|
|
|
|
30,961
|
. 291,184
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Net increase (decrease) in fund balance ..............
|
(33,004)
|
(289)
|
1,502
|
1,698
|
63,844
|
33,751
|
Fund balance, July 1, 1979 ................................
|
1,756
|
4,551
|
23,458
|
14,500
|
865,493
|
909,758
|
Fund balance, June 30, 1980 ...............................
|
$(31,248)
|
$ 4,262
|
$24,960
|
$16,198
|
$929,337
|
$943,509
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The accompanying notes to combined financial statements are an integral part of these financial statements.
1]
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