|
6. Due From/To Other Funds:
Interfund receivables and payables, as of June 30,1989, consisted of the following (amounts expressed in
thousands):
|
Receivable Fund
|
Payable Fund
|
Amount
|
|
General fund
|
Special revenue fund
|
$ 1,821
|
|
|
Enterprise fund - Maryland State Lottery
|
21,621
|
|
|
Agency funds -
|
|
|
|
Local admissions and amusement taxes
|
1,301
|
|
Special revenue fund
|
General fund
|
18,373
|
|
Debt service funds -
|
|
|
|
General obligation bonds
|
General fund
|
131
|
|
Transportation bonds
|
Special revenue fund
|
312
|
|
Agency funds -
|
|
|
|
Local income taxes
|
General fund
|
107,520
|
|
Payroll taxes and fringe benefits
|
General fund
|
8,817
|
|
|
|
$159,896
|
|
7. Loans and Notes Receivable:
|
|
|
Loans and notes receivable, as of June 30, 1989, consisted of the following (amounts expressed in
thousands):
|
|
|
|
Funds
|
|
|
|
|
|
Debt
|
Capital
|
|
Higher
|
|
|
General
|
Service
|
Projects
|
Enterprise
|
Education
|
|
Notes receivable for advances of general obligation
|
|
|
|
|
|
|
bond proceeds:
|
|
|
|
|
|
|
Political subdivisions:
|
|
|
|
|
|
|
Public school construction ......................
|
|
$ 6,702
|
|
|
|
|
Other .......................................
|
|
20,012
|
|
|
|
|
Hospitals and nursing homes .....................
|
|
31,875
|
|
|
|
|
Permanent mortgage loans ........................
|
|
|
|
$1,440,994
|
|
|
Savings and loan association loans ..................
|
|
|
|
12,320
|
|
|
National direct student loans ......................
|
|
|
|
|
$33,568
|
|
Health profession loans ...........................
|
|
|
|
|
7,766
|
|
Shore erosion loans ...............................
|
|
|
$14,254
|
|
|
|
Other ..........................................
|
$3,799
|
2,201
|
|
407
|
271
|
|
|
3,799
|
60,790
|
14,254
|
1,453,721
|
41,605
|
|
Less allowance for possible loan losses ...............
|
|
1,178
|
|
|
7,890
|
|
Loans and notes receivable, net ....................
|
$3,799
|
$59,612
|
$14,254
|
$1,453,721
|
$33,715
|
Notes receivable for advances of general obligation bond proceeds bear interest at rates ranging from 3%
to 9.19% and mature over the next 30 years. Notes receivable maturing after fiscal year 1990 in the amount
of $55,858,000 are deemed to be not available for debt service because such amounts do not represent available
expendable financial resources. Accordingly, the amount has been reflected as a reservation of debt service
fund balance.
Savings and loan association loans are purchased from or made to member associations of the Maryland
Deposit Insurance Fund Corporation (see Note 15).
National direct student loans and health profession loans are made pursuant to student loan programs
funded through the U. S. Government.
45
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