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STATE OF MARYLAND
Schedule of Changes in Fund Equities — Budgetary Basis
for the year ended June 30, 1987
(Expressed in Thousands)
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Higher
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Education
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Special
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Fund
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Current
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Current
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Capital
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General
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Other
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Debt
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Federal
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Unrestricted
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Restricted
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Projects
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Other
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Fund
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Special
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Service
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Fund
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Fund
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Fund
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Fund
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Funds
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Total
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Fund equities, July 1, 1986 !
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£ 77,207
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$ 317,146
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$109,184
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$ 98,156
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$ 1,869
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$121,385
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$9,001,802
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$ 9,726,749
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Increase:
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Revenues
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4,627,016
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1,592,808
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286,819
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$1,510,874
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868,897
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177,139
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217,202
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2,507,822
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11,788,577
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Decrease:
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Appropriations
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4,516,765
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1,745,230
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309,963
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1,614,174
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849,412
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181,957
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Less. Current year reversions
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(26,814)
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(112,060)
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(101,199)
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(5,903)
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(4,765)
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Prior year reversions
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(3,049)
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(9,654)
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(3,448)
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(1,641)
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(25)
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Expenditures and encumbrances
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4,486,902
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1,623,516
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309,963
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1,509,527
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841,868
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177,167
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265,445
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1,521,570
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10,735,958
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Changes to encumbrances during
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fiscal year 1987
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(15,922)
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(11,378)
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1,721
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(5,179)
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28
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(30,730)
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Expenditures
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4,470,980
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1,612,138
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309,963
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1,511,248
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836,689
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177,195
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264,445
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1,521,570
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10,705,228
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Transfers in (out)
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65,002
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20,871
|
671
|
374
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(111)
|
129
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(154)
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(86,782)
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Changes in contributed capital
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11,084
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11,084
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Decrease in unrealized market
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appreciation of investments
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(7,373)
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(7,373)
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Defeasance of bonds
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(116,182)
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(116,182)
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Cummulative effect of
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accounting change
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46,111"'
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46,111
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Fund equities, June 30, 1987 i
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& 298,245
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$ 318,687
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$ 86,711
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$ -0-
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$130,253
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$ 1,942
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$ 72,988
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$9,834,912
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$10,743,738
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Invested in fixed assets
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$1,209,338
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$ 1,209,338
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Contributed Capital
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982,292
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982,292
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Capital deposits by members
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144,224
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144,224
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Retained earnings:
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Reserved
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171,296
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171,296
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Unreserved
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572,509
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572,509
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Fund Balance:
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Reserved:
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Encumbrances i
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& 38,480
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$ 44,037
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$ 23,053
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$ 14,352
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$ 2
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$259,079
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379,003
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Loans and notes receivable
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$ 20,135
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20,135
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Loans to other funds
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1,945
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1,945
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Revenue stabilization
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50,000
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50,000
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Higher education programs
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34,604
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34,604
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Shore erosion loan programs
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12,108
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12,108
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Endowment and similar funds
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35,238
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35,238
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Pension benefits
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6,141,605
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6,141,605
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Workers' compensation benefits
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74,816
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74,816
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Unemployment compensation
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benefits
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596,324
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596,324
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Unrealized market appreciation
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on investments
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10,935
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10,935
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Unreserved
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Designated for
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General long-term debt service
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66,576
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66,576
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Transportation debt service
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70,752
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70,752
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Fiscal year 1988 operations
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31,241
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|
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31,241
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Undesignated (deficit)
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176,579
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262,542
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(23,053)
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115,901
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1,940
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(186,091)
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(209,021)
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138,797
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Total
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298,245 :
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$ 318,687
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$ 86,711
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$ -0-
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$130,253
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$ 1,942
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$ 72,988
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$9,834,912
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$10,743,738
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(l) Beginning with fiscal year 1987, the liability for anticipated claims and claims expenses of the State Accident Fund has been discounted to present value
The liability was not discounted in prior years. This amount represents the cumulative effect, as of July 1, 1986, of the accounting change
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