|
|
Total
|
|
|
Finanancial
|
Statement
|
Funds
|
|
|
|
|
Budgetary
|
|
|
|
|
|
|
|
|
|
Fund
|
|
|
|
|
|
|
|
|
|
Equities
|
|
|
|
|
|
|
|
|
|
and Other
|
|
|
|
|
|
Trust
|
|
|
|
Accounts
|
|
Special
|
Debt
|
Capital
|
|
and
|
Higher
|
|
|
June 30, 1987
|
General
|
Revenue
|
Service
|
Projects
|
Enterprise
|
Agency
|
Education
|
|
Classification of budgetary fund equities
|
|
|
|
|
|
|
|
|
|
and other accounts into GAAP fund structure:
|
|
|
|
|
|
|
|
|
|
General
|
$ 298,245
|
$298,245
|
|
|
|
|
|
|
|
Special revenue
|
405,398
|
127,401
|
$132,964
|
$ 86,711
|
$12,506
|
$ 45,811
|
$ 5
|
|
|
Current unrestricted
|
130,253
|
|
|
|
|
|
|
$130,253
|
|
Current restricted
|
1,942
|
|
|
|
|
|
|
1,942
|
|
Other accounts (a):
|
|
|
|
|
|
|
|
|
|
Non-budgeted
|
51,503
|
44,884
|
6,616
|
|
|
3
|
|
|
|
Debt service transportation bonds
|
70,752
|
|
|
70,752
|
|
|
|
|
|
Capital projects
|
72,988
|
|
|
|
(15,674)
|
88,662
|
|
|
|
Enterprise
|
1,735,845
|
|
|
|
|
1,735,845
|
|
|
|
Expendable trust
|
596,324
|
|
|
|
|
|
596,324
|
|
|
Nonexpendable trust
|
85,746
|
|
|
|
|
|
85,746
|
|
|
Pension trust
|
6,141,605
|
|
|
|
|
|
6,141,605
|
|
|
Higher education
|
1,153,137
|
|
|
|
|
|
|
1,153,137
|
|
Budgetary fund equities and other accounts
|
|
|
|
|
|
|
|
|
|
classified into GAAP fund structure
|
$10,743,738
|
470,530
|
139,580
|
157,463
|
(3,168)
|
1,870,321
|
6,823,680
|
1,285,332
|
|
Accounting principal differences:
|
|
|
|
|
|
|
|
|
|
Assets recognized in the GAAP financial
|
|
|
|
|
|
|
|
|
|
statements not recognized for budgetary
|
|
|
|
|
|
|
|
|
|
purposes:
|
|
|
|
|
|
|
|
|
|
Cash and short term investments
|
|
1,479
|
|
|
|
|
|
|
|
Taxes receivable
|
|
3,143
|
|
|
|
|
|
|
|
Intergovernmental receivables
|
|
37,340
|
|
|
|
|
|
|
|
Other accounts receivable
|
|
7,184
|
|
|
|
|
|
|
|
Liabilities recognized in GAAP financial
|
|
|
|
|
|
|
|
|
|
statements not recognized for budgetary
|
|
|
|
|
|
|
|
|
|
purposes:
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities
|
|
(38,073)
|
|
|
|
|
|
|
|
Deferred income tax revenue
|
|
45,000
|
|
|
|
|
|
|
|
Local income taxes payable to local income
|
|
|
|
|
|
|
|
|
|
taxes agency fund
|
|
(82,804)
|
|
|
|
|
|
|
|
GAAP financial statement fund equities,
|
|
|
|
|
|
|
|
|
|
June 30, 1987
|
|
$443,799
|
$139,580
|
$157,463
|
$(3,168)
|
$1,870,321
|
$6,823,680
|
$1,285,332
|
(a) The State's accounting system is maintained by the Comptroller in compliance with State Law and in
accordance with the State's Budgetary Funds. In addition to the accounting systems maintained by the
Comptroller, certain individual agencies which are not subject to the State budget maintain accounting
systems which permit financial reporting on the basis of generally accepted accounting principles. The change
in net assets of agencies whose accounting systems are not entirely maintained by the Comptroller are
recorded in the State's accounting system as of June 30 each year.
4. Cash and Short-Term Investments and Investments:
Substantially all cash and short-term investments of the governmental fund types and certain proprietary
and fiduciary funds are maintained by the State Treasurer on a pooled basis. The State Treasurer's Office
invests short-term funds on a daily basis. The investments consist of direct purchases of securities or
repurchase agreements. Under the State Finance and Procurement Article of the Annotated Code of
Maryland, Title 2, Section 6, the State Treasurer may invest in the following:
• Any obligation for which the United States has pledged its faith and credit for the payment of principal
and interest.
• Any obligation that a federal agency issues in accordance with an act of Congress.
• Repurchase agreements that any of these obligations secure.
39
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