|
STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30, 1989
(Expressed in Thousands)
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Economic
Development
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Maryland
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Maryland
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Maryland
Higher
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Maryland
Deposit
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Food
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Maryland
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Maryland
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Environ-
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Education
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Insurance
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Maryland
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Insurance
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Loan
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Center
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Transportation
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State
|
mental
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State Use
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Loan
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Fund
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Stadium
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Programs
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Programs
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Authority
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Authority
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Lottery
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Service
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Industries
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Corporation
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Corporation
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Authority
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Total
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Operating revenues:
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Lottery ticket sales .....
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$746,326
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$ 746,326
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Charges for services and
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sales .................
|
$ 4,263
|
$ 810
|
$ 2,539
|
$111,368
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|
$16,476
|
$15,922
|
$ 2,291
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|
153,669
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|
Interest and other
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investment income .....
|
9,889
|
173,221
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|
|
|
|
|
2,363
|
$ 2,332
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|
187,805
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Other .................
|
61
|
881
|
69
|
882
|
|
|
|
10,274
|
256
|
$ 1,014
|
13,437
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|
Total operating
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revenues ............
|
14,213
|
174,912
|
2,608
|
112,250
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746,326
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16,476
|
15,922
|
14,928
|
2,588
|
1,014
|
1,101,237
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|
Operating expenses:
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|
|
|
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|
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Prizes and claims .......
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350,758
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350,758
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Commissions and
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bonuses ..............
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37,753
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37,753
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Cost of sales and
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services ..............
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176
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|
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11,540
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34,994
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46,710
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Operation and
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maintenance of facilities
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24,669
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67,876
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12,654
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105,199
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General and
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administrative ........
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3,707
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9,065
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1,455
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7,807
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22,870
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2,789
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2,318
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7,172
|
749
|
763
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58,695
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Interest ...............
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138,604
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|
237
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138,841
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Depreciation and
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amortization ..........
|
48
|
1,372
|
418
|
419
|
1,012
|
1,586
|
373
|
22
|
|
22
|
5,272
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Provision for insurance
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and loan losses ........
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4,435
|
674
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|
|
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|
552
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5,661
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Other .................
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1,988
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|
135
|
15
|
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2,138
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Total operating
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expenses ............
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8,190
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176,548
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1,873
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76,102
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412,393
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17,164
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14,246
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42,740
|
986
|
785
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751,027
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Operating income
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|
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|
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|
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(loss) ................
|
6,023
|
(1,636)
|
735
|
36,148
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333,933
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(688)
|
1,676
|
(27,812)
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1,602
|
229
|
350,210
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Non-operating revenues
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(expenses):
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Investment income ......
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|
579
|
7,681
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|
236
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|
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|
1,804
|
10,300
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Interest expense ........
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|
|
(716)
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(17,022)
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(471)
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(18,209)
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Operating grants .......
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19,021
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29,151
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48,172
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Other .................
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3,027
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|
|
500
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|
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|
3,527
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Operating income (loss)
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before transfers .......
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6,023
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17,385
|
598
|
29,834
|
333,933
|
(923)
|
2,176
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1,339
|
1,602
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2,033
|
394,000
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Operating transfers in ....
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15,568
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16,221
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31,789
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Operating transfers out . . .
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(335,825)
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(335,825)
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Net income Qoss) ......
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6,023
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17,385
|
598
|
29,834
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(1,892)
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(923)
|
2,176
|
1,339
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17,170
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18,254
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89,964
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Add: Depreciation of cost
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of assets acquired from
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contributed capital ......
|
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|
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|
1,381
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|
|
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|
1,381
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|
Increase (decrease) in
|
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retained earnings .....
|
6,023
|
17,385
|
598
|
29,834
|
(1,892)
|
458
|
2,176
|
1,339
|
17,170
|
18,254
|
91,345
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|
Retained earnings (deficit),
|
|
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|
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|
|
|
|
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|
July 1, 1988 ...........
|
63,030
|
129,266
|
9,822
|
879,193
|
6,107
|
695
|
7,990
|
16,165
|
(334,877)
|
16,136
|
793,527
|
|
Retained earnings (deficit),
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 1989 ..........
|
$69,053
|
$146,651
|
$10,420
|
$909,027
|
$ 4,215
|
$ 1,153
|
$10,166
|
$17,504
|
$(317,707)
|
$34,390
|
$ 884,872
|
68
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 |
