STATE OF MARYLAND
Statement of Revenues, Expenses, Interfund Transfers,
Operating Transfers and Changes in Fund Balances
Higher Education Fund
for the year ended June 30, 1985
(Expressed in Thousands)
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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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Plant Funds Funds
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Total
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Revenues and other additions:
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Student tuition and fees ...........................
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..... $182,206
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$ 2,435
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$ 184,641
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Federal grants and contracts .......................
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..... 14,630
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$ 98,169
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$ 1,309
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154
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114,262
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State and local grants and contracts .................
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..... 11,097
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13,546
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24,643
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Private gifts, grants, and contracts ..................
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..... 1,212
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18,079
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20
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657 $ 443
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20,411
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Sales and services ................................
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..... 122,307
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122,307
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Investment income ................................
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..... 1,668
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856
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31
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2,412 689
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5,656
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Realized gains on endowment investments ............
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2,456
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2,456
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Gain on disposition of property .....................
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3,475
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3,475
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Interest on loans receivable ........................
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965
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965
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Patient service revenue ............................
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..... 2,844
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2,844
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Other ...........................................
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..... 3,130
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12
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742
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6,412
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10,296
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Total revenues ................................
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..... 339,094
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130,662
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3,067
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15,545 3,588
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491,956
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Expenses and other deductions:
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Educational and general:
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Instruction .....................................
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..... 274,309
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10,502
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284,811
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Research ......................................
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..... 22,269
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66,334
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88,603
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Public service ..................................
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..... 16,615
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7,782
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24,397
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Academic support ...............................
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..... 44,306
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489
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44,795
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Student services ................................
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..... 38,095
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1,647
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297
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40,039
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Institutional support .............................
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..... 76,128
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630
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622
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77,380
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Scholarships and fellowships ......................
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..... 8,622
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29,723
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4
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38,349
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Operation and maintenance of plant ...............
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..... 71,907
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49
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71,956
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Auxiliary enterprises ..............................
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..... 87,999
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155
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88,154
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Hospital .........................................
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. . . . . 23,416
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3,113
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26,529
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Noncapitalized expenditures for plant facilities ........
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8,201
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8,201
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Loan cancellations, write-offs and refunds ............
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..... 25
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771
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6
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802
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Disposal of property, plant, and equipment ...........
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12,970
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12,970
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Interest on indebtedness ............................
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1
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5,567
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5,568
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Other ...........................................
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306
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114 158
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578
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Total expenses and other deductions .............
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..... 663,691
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120,730
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1,073
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27,480 158
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813,132
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Higher education interfund transfers -
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in (out):
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Mandatory:
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Principal and interest on revenue bonds ............
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..... (6,640)
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(63)
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6,703
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Loan fund matching grant ........................
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. . . . . (165)
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165
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Debt service on capital leases .....................
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. . . . . (6,871)
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6,871
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Nonmandatory:
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Remodeling, renewals, and replacements ...........
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. . . . . (30,545)
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(9,924)
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40,469
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Other .........................................
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. . . . . (218)
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197
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(34)
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16 39
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Pooled construction fund .........................
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..... 4,084
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(4,084)
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Total Higher Education interfund transfers .......
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. . . . . (40,355)
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(9,790)
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131
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49,975 39
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Operating transfer from State's general and
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capital projects funds ..............................
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. . . . . 369,263
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13,183
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382,446
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Net increase (decrease) in fund balances ..........
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. . . . . 4,311
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142
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2,125
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51,223 3,469
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61,270
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Fund balances (deficit), July 1, 1984 ...................
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. . . . . (50,076)
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894
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26,276
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1,064,682 24,474
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1,066,250
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Fund balances (deficit), June 30, 1985 .................
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. . . . . $(45,765)
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$ 1,036
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$28,401
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$1,115,905 $27,943
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$1,127,520
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The accompanying notes to combined financial statements are an integral part of these financial statements.
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