Volume 350, Page 35 View pdf image (33K) |
Depreciation of the cost of property, plant and equipment of the Maryland Food Center Authority, Maryland In accordance with retirement-replacement-betterment accounting principles, the cost of toll facilities is not Lottery Revenues and Prizes: Revenues and prizes of the Maryland State Lottery are generally recognized as drawings are held. Certain Provisions for Insurance and Loan Losses: Current provisions are made for estimated losses resulting from insurance of loans and uncollectible loans. The Maryland Deposit Insurance Fund Corporation provides for insurance losses at the time a member savings Workers' compensation claims are recognized as expenses in the period incurred. Annually, the consulting Inventories: Inventories of the Maryland Transportation Authority, State Use Industries and the nonexpendable trust Enterprise Funds Reserved Retained Earnings: Retained earnings of the Maryland Transportation Authority in the amount of $173,833,000 are reserved Retained earnings of the Maryland State Lottery in the amount of $4,636,000 are reserved,for the payment Nonexpendable and Pension Trust Fund Balances: Fund balances of nonexpendable and pension trust funds are restricted to the purpose of the fund and are D. Higher Education Fund: Basis of Accounting: The accounts of the higher education institutions are maintained and reported on the accrual basis of accounting. Fund Accounting: The financial activities of the higher education institutions are recorded in funds which classify the various 35
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Volume 350, Page 35 View pdf image (33K) |
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