|
STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30, 1985
(Expressed in Thousands)
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|
Economic
Development
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Maryland
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Maryland
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Maryland
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Maryland
Higher
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Maryland
Deposit
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Food
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Trans-
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Maryland
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Environ-
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Education
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Insurance
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Insurance
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Loan
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Center
|
portation
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State
|
mental
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State Use
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Loan
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Fund
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Programs
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Programs
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Authority
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Authority
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Lottery
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Service
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Industries
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Corporation
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Corporation
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Total
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Operating revenues:
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Lottery ticket sales ...............
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$ 681,068
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$ 681,068
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Charges for services and sales ......
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$ 3,141
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$ 21
|
$2,039
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$ 74,341
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|
$ 18,321
|
$8,254
|
$ 1,586
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|
107,703
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|
Interest and other investment income
|
8,263
|
124,101
|
666
|
18,473
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|
|
|
2,171
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$ 3,431
|
157,105
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|
Other ...........................
|
80
|
3,131
|
15
|
351
|
7,078
|
245
|
|
2,586
|
10
|
13,496
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|
Total operating revenues .......
|
11,484
|
127,253
|
2,720
|
93,165
|
688,146
|
18,566
|
8,254
|
6,343
|
3,441
|
959,372
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|
Operating expenses:
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Prizes and claims .................
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367,228
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367,228
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Commissions and bonuses ..........
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27,375
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|
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|
27,375
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Cost of sales and services ..........
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6,303
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15,192
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21,495
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Operation and maintenance of
|
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|
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facilities .......................
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11,853
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38,061
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16,250
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66,164
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General and administrative .........
|
1,979
|
4,374
|
1,046
|
3,357
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26,681
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2,039
|
1,211
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3,323
|
182
|
44,192
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|
Interest .........................
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99,193
|
885
|
7,709
|
|
448
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|
|
1,295
|
109,530
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Depreciation and amortization ......
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|
1,274
|
374
|
139
|
3,559
|
1,358
|
165
|
17
|
10
|
6,896
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Provision for insurance and loan
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losses ..........................
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2,620
|
327
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(473)
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2,474
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Payments to subdivisions, net .......
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|
|
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13,502
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|
58
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|
13,560
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Other ...........................
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1,570
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1,570
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Total operating expenses .......
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4,599
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118,591
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2,305
|
49,266
|
438,345
|
20,095
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7,679
|
18,117
|
1,487
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660,484
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Operating income (loss) before
|
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operating grants and
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transfers ..................
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6,885
|
8,662
|
415
|
43,899
|
249,801
|
(1,529)
|
575
|
(11,774)
|
1,954
|
298,888
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Non-operating revenues -operating grants
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|
11,183
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|
|
|
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|
13,907
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25,090
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Operating transfers in ...............
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|
842
|
105
|
947
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Operating transfers out ..............
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(324)
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(250,170)
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(2,023)
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(252,517)
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Net income (loss) ..............
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6,885
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19,521
|
415
|
43,899
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(369)
|
(1,529)
|
575
|
952
|
2,059
|
72,408
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Add: Depreciation of cost of
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assets acquired from
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contributed capital ...............
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|
96
|
|
|
|
1,310
|
3
|
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|
1,409
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Less: Acquisition of Maryland
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Savings-Share Insurance
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|
|
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Corporation ......................
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|
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(305,986)
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(305,986)
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Increase (decrease) in retained
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earnings ....................
|
6,885
|
19,617
|
415
|
43,899
|
(369)
|
(219)
|
578
|
952
|
(303,927)
|
(232,169)
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Retained earnings, July 1, 1984 .......
|
34,535
|
82,206
|
7,271
|
734,431
|
12,169
|
751
|
1,596
|
9,671
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|
882,630
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Retained earnings (deficit), June 30, 1985
|
$41,420
|
$101,823
|
$7,686
|
$778,330
|
$ 11,800
|
$ 532
|
$2,174
|
$10,623
|
$(303,927)
|
$ 650,461
|
60
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