|
STATE OF MARYLAND
Combined Statement of Revenues, Expenses
and Changes in Retained Earnings/Fund Balances
Enterprise Funds, Nonexpendable Trust
Fund and Pension Trust Fund
for the year ended June 30, 1982
(Expressed in Thousands)
|
|
Proprietary
|
Fidu
|
ciary
|
|
|
|
Fund Type
|
Fund
|
Types
|
Total
|
|
|
|
Nonexpendable
|
Pension
|
(Memorandum
|
|
|
Enterprise
|
Trust Fund
|
Trust Fund
|
Only)
|
|
Operating revenues:
|
|
|
|
|
|
Lottery ticket sales ..................................................
|
$457,436
|
|
|
$ 457,436
|
|
Charges for services and sales ........................................
|
95,400
|
$41,961
|
|
137,361
|
|
Contributions .......................................................
|
|
|
$ 389,073
|
389,073
|
|
Interest and other investment income .................................
|
78,540
|
15,410
|
276,152
|
370,102
|
|
Other ...............................................................
|
6,105
|
5
|
34
|
6,144
|
|
Total operating revenues .........................................
|
637,481
|
57,376
|
665,259
|
1,360,116
|
|
Operating expenses:
|
|
|
|
|
|
Prizes and claims ....................................................
|
210,935
|
46,062
|
|
256,997
|
|
Commissions and bonuses ............................................
|
23,360
|
|
|
23,360
|
|
Cost of sales and services .............................................
|
11,358
|
|
|
11,358
|
|
Operation and maintenance of facilities ...............................
|
62,018
|
|
|
62,018
|
|
General and administrative ..........................................
|
25,263
|
4,516
|
2,702
|
32,481
|
|
Interest .............................................................
|
56,091
|
|
|
56,091
|
|
Depreciation and amortization ........................................
|
1,214
|
42
|
|
1,256
|
|
Benefit payments and refunds ........................................
|
|
|
291,716
|
291,716
|
|
Other ...............................................................
|
857
|
|
|
857
|
|
Total operating expenses .........................................
|
391,096
|
50,620
|
294,418
|
736,134
|
|
Operating income before operating grants and transfers .............
|
246,385
|
6,756
|
370,841
|
623,982
|
|
Operating grants ........................................................
|
15,692
|
|
|
15,692
|
|
Operating transfers in ..................................................
|
1,944
|
|
|
1,944
|
|
Operating transfers out .................................................
|
(208,341)
|
|
|
(208,341)
|
|
Net income .......................................................
|
55,680
|
6,756
|
370,841
|
433,277
|
|
Add: Depreciation of cost of assets acquired from contributed capital ........
|
14
|
|
|
14
|
|
Increase in retained earnings/fund balance .........................
|
55,694
|
6,756
|
370,841
|
433,291
|
|
Retained earnings/fund balance, July 1, 1981 .............................
|
690,821
|
25,961
|
2,698,544
|
3,415,326
|
|
Adjustment (Note IB) ...................................................
|
6,595
|
|
|
6,595
|
|
Retained earnings/fund balance, July 1, 1981, as restated .................
|
697,416
|
25,961
|
2,698,544
|
3,421,921
|
|
Increase in unrealized market depreciation of investments .................
|
|
(300)
|
|
(300)
|
|
Retained earnings/fund balance, June 30, 1982 ...........................
|
$753,110
|
$32,417
|
$3,069,385
|
$3,854,912
|
The accompanying notes to combined financial statements are an integral part of these financial statements.
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