|
STATE OF MARYLAND
Combined Statement of Changes in
Financial Position
Enterprise Funds, Nonexpendable
Trust Fund and Pension Trust Fund
for the year ended June 30, 1988
(Expressed in Thousands)
|
|
Proprietary
|
Fiduciary
|
|
|
|
|
Fund Type
|
Fund
|
types
|
|
|
|
|
|
|
Total
|
|
|
|
Nonexpendable
|
Pension
|
(Memorandum
|
|
|
Enterprise
|
Trust Fund
|
Trust Fund
|
Only)
|
|
Sources of financial resources:
|
|
|
|
|
|
Operations:
|
|
|
|
|
|
Net income ....................................................
|
$ 48,353
|
$ 14,799
|
$1,978,115
|
$2,041,267
|
|
Expenses not requiring current outlay of financial resources:
|
|
|
|
|
|
Depreciation and amortization ...................................
|
6,130
|
269
|
|
6,399
|
|
Total sources of financial resources from operations ................
|
54,483
|
15,068
|
1,978,115
|
2,047,666
|
|
Decrease (increase) in inventories ...................................
|
112
|
(9)
|
|
103
|
|
Increase (decrease) in acounts payable and accrued liabilities ............
|
6,175
|
|
(873)
|
5,302
|
|
Increase in due to other funds ......................................
|
13,364
|
|
|
13,364
|
|
Increase in lottery prizes ...........................................
|
41,411
|
|
|
41,411
|
|
Increase (decrease) in accrued insurance and loan losses ................
|
(232)
|
39,110
|
|
38,878
|
|
Issuance of revenue bonds ..........................................
|
372,815
|
|
|
372,815
|
|
Decrease in restricted assets ........................................
|
58,114
|
|
|
58,114
|
|
Increase in current liabilities payable from restricted assets .............
|
788
|
|
|
788
|
|
Contributed capital ...............................................
|
10,437
|
|
|
10,437
|
|
Total sources of financial resources ..............................
|
557,467
|
54,169
|
1,977,242
|
2,588,878
|
|
Uses of financial resources:
|
|
|
|
|
|
Increase (decrease) in investments ...................................
|
(12,998)
|
105,030
|
1,975,592
|
2,067,624
|
|
Increase (decrease) in other accounts, loans and notes receivable .........
|
161,585
|
2,485
|
(11)
|
164,059
|
|
Increase in deposits ...............................................
|
145
|
|
|
145
|
|
Decrease in loans from other funds ..................................
|
324
|
|
|
324
|
|
Acquisition of fixed assets ..........................................
|
67,738
|
784
|
|
68,522
|
|
Decrease in capital notes ...........................................
|
129
|
|
|
129
|
|
Repayment of notes payable ........................................
|
5,735
|
|
|
5,735
|
|
Decrease in deferred income taxes ...................................
|
20,200
|
|
|
20,200
|
|
Retirement of revenue bonds .......................................
|
254,204
|
|
|
254,204
|
|
Other, net .......................................................
|
4,367
|
(4,164)
|
1,661
|
1,864
|
|
Total uses of financial resources ................................
|
501,429
|
104,135
|
1,977,242
|
2,582,806
|
|
Net increase (decrease) in unrestricted cash and short-term investments ....
|
$ 56,038
|
$ (49,966)
|
$ -0-
|
$ 6,072
|
The accompanying notes to general purpose financial statements are an integral part of these financial statements.
30
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