STATE OF MARYLAND
Combined Statement of Revenues, Expenses and Changes

in Retained Earnings/Fund Balances

Other Enterprise Funds, Nonexpendable Trust

Funds and Pension Trust Funds

for the year ended June 30, 1980

(Expressed in Thousands)

	Proprietary	Fiduciary
	Fund Type	Fund	Types
				Total
	Other	Nonexpendable	Pension	(Memorandum
	Enterprise	Trust Funds	Trust Funds	Only)
Revenues:
Lottery ticket sales .............................................	$372,260			$ 372,260
Charges for services and sales ....................................	84,590	$40,808		125,398
Contributions ..................................................			$ 321,903	321,903
Interest and other investment income ..............................	38,527	7,316	159,736	205,579
Other .........................................................	3,518			3,518
Federal revenue ................................................	8,050			8,050
Total revenues ............................................	506,945	48,124	481,639	1,036,708
Expenses:
Prizes and claims ...............................................	176,278	24,007		200,285
Commissions and bonuses ........................................	18,607			18,607
Cost of sales and services ........................................	5,830			5,830
Operation and maintenance of facilities ............................	35,686			35,686
General and administrative ......................................	19,836	4,518		24,354
Interest .......................................................	27,218			27,218
Depreciation and amortization ....................................	482	15		497
Benefit payments and refunds ....................................			337,234	337,234
Other .........................................................	385			385
Total expenses ............................................	284,322	28,540	337,234	650,096
Operating income before operating transfers ...................	222,623	19,584	144,405	386,612
Operating transfers in ............................................	1,473			1,473
Operating transfers out ...........................................	(166,702)			(166,702)
Net income ..............................................	57,394	19,584	144,405	221,383
Add: Depreciation of cost of assets acquired from contributed capital ......	17			17
Net income credited to retained earnings/fund balance ..........	57,411	19,584	144,405	221,400
Retained earnings/fund balance, July 1, 1979 .........................	605,986	11,452	2,265,563	2,883,001
Decrease in unrealized market depreciation of investments .............		1,116		1,116
Transfer to special revenue Transportation Funds .....................	(13,000)			(13,000)
Retained earnings/fund balance, June 30, 1980 ........................	$650,397	$32,152	$2,409,968	$3,092,517

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

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