|
STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30, 1987
(Expressed in Thousands)
|
|
Insurance
Programs
|
Loan
Programs
|
Maryland
Food
Center
Authority
|
. Maryland
Trans-
portation
Authority
|
Maryland
State
Lottery
|
Maryland
Environ-
mental
Service
|
State Use
Industries
|
Maryland
Higher
Education
Loan
Corporation
|
Maryland
Deposit
Insurance
Fund
Corporation
|
Total
|
|
Operating revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Lottery ticket sales
|
|
|
|
|
$760,500
|
|
|
|
|
$ 760,500
|
|
Charges for services and sales
|
$ 3,497
|
$ 57
|
$3,021
|
$100,235
|
|
$15,926
|
$17,076
|
$ 1,979
|
|
141,791
|
|
Interest and other investment
|
|
|
|
|
|
|
|
|
|
|
|
income
|
7,124
|
142,090
|
456
|
13,232
|
178
|
74
|
|
1,602
|
$ 5,122
|
169,878
|
|
Other
|
49
|
3,791
|
2
|
739
|
|
|
|
6,881
|
518
|
11,980
|
|
Total operating revenues
|
10,670
|
145,938
|
3,479
|
114,206
|
760,678
|
16,000
|
17,076
|
10,462
|
5,640
|
1,084,149
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Prizes and claims
|
|
|
|
|
364,378
|
|
|
|
|
364,378
|
|
Commissions and bonuses
|
|
|
|
|
38,625
|
|
|
|
|
38,625
|
|
Cost of sales and services
|
|
|
|
|
|
|
11,988
|
26,239
|
|
38,227
|
|
Operation and maintenance
|
|
|
|
|
|
|
|
|
|
|
|
of facilities
|
|
19,101
|
|
65,625
|
|
13,465
|
|
|
|
98,191
|
|
General and administrative
|
2,689
|
4,694
|
1,550
|
4,458
|
20,284
|
2,238
|
1,860
|
5,210
|
1,145
|
44,128
|
|
Interest
|
|
119,499
|
834
|
17,236
|
|
461
|
|
|
3,746
|
141,776
|
|
Depreciation and amortization
|
|
1,167
|
403
|
427
|
4,066
|
1,530
|
266
|
20
|
32
|
7,911
|
|
Provision for insurance and loan
|
|
|
|
|
|
|
|
|
|
|
|
losses
|
2,479
|
1,112
|
|
|
|
|
|
115
|
137,130
|
140,836
|
|
Provision for income tax
|
|
|
|
|
|
|
|
|
|
|
|
contingency
|
|
|
|
|
|
|
|
|
9,718
|
9,718
|
|
Other
|
|
2,679
|
|
|
|
|
2
|
34
|
|
2,715
|
|
Total operating expenses
|
5,168
|
148,252
|
2,787
|
87,746
|
427,353
|
17,694
|
14,116
|
31,618
|
151,771
|
886,505
|
|
Operating income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
before operating grants and
|
|
|
|
|
|
|
|
|
|
|
|
transfers
|
5,502
|
(2,314)
|
692
|
26,460
|
333,325
|
(1,694)
|
2,960
|
(21,156)
|
(146,131)
|
197,644
|
|
Non-operating revenues-operating
|
|
|
|
|
|
|
|
|
|
|
|
grants
|
|
15,207
|
|
|
|
|
|
23,294
|
|
38,501
|
|
Operating income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
before transfers
|
5,502
|
12,893
|
692
|
26,460
|
333,325
|
(1,694)
|
2,960
|
2,138
|
(146,131)
|
236,145
|
|
Operating transfers in
|
|
|
|
|
|
|
|
|
16,161
|
16,161
|
|
Operating transfers out
|
|
|
|
|
(332,366)
|
|
|
|
|
(332,366)
|
|
Net income (loss)
|
5,502
|
12,893
|
692
|
26,460
|
959
|
(1,694)
|
2,960
|
2,138
|
(129,970)
|
(80,060)
|
|
Add. Depreciation of cost of assets
|
|
|
|
|
|
|
|
|
|
|
|
acquired from contributed capital
|
|
|
|
|
|
1.400
|
2
|
|
|
1,402
|
|
Increase (decrease) in
|
|
|
|
|
|
|
|
|
|
|
|
retained earnings
|
5,502
|
12,893
|
692
|
26,460
|
959
|
(294)
|
2,962
|
2,138
|
(129,970)
|
(78,658)
|
|
Retained earnings (deficit),
|
|
|
|
|
|
|
|
|
|
|
|
July 1, 1986
|
50,011
|
120,066
|
8,209
|
842,518
|
13,434
|
330
|
3,281
|
11,300
|
(226,686)
|
822,463
|
|
Retained earnings (deficit),
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 1987
|
$55,513
|
$132,959
|
$8,901
|
$868,978
|
$14,393
|
$ 36
|
$ 6,243
|
$13,438
|
$(356,656)
|
$ 743,805
|
64
|
 |
