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STATE OF MARYLAND
Statement of Revenues, Expenditures, Interfund Transfers,
Operating Transfers and Changes in Fund Balances
Higher Education Fund
for the year ended June 30,1990
(Expressed in Thousands)
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Current
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Funds
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Endowment
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Unrestricted
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Restricted
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Loan Funds
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Plant Funds
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Funds
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Total
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Revenues and other additions:
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|
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Student tuition and fees ........................
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$281,857
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$477
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$ 282,334
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Federal grants and contracts ....................
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28,900
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$152,143
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$1,606
|
98
|
|
182,747
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|
State and local grants and contracts ..............
|
3,475
|
57,171
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|
|
|
60,646
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|
Private gifts, grants and contracts ...............
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7,340
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27,414
|
82
|
1,796
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$ 416
|
37,048
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Sales and services .............................
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194,950
|
41
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|
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194,991
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Investment income ............................
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21,638
|
2,497
|
119
|
4,145
|
606
|
29,005
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Realized gains on endowment investments .........
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|
|
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7,582
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7,582
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Gain on disposal of plant assets ..................
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|
866
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|
866
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Interest on loans receivable .....................
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1,458
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1,458
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Other .......................................
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5,734
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11
|
84
|
839
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|
6,668
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Total revenues ............................
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543,894
|
239,277
|
3,349
|
8,221
|
8,604
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803,345
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Expenditures and other deductions:
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Educational and general:
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Instruction .................................
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418,432
|
15,034
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433,466
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Research ...................................
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55,402
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116,172
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171,574
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Public service ...............................
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31,844
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9,188
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41,032
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Academic support ...........................
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91,909
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1,649
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93,558
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Student services ............................
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55,756
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1,533
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287
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57,576
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Institutional support .........................
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127,976
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1,237
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129,213
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Scholarships and fellowships ..................
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26,279
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38,034
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24
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|
20
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64,357
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Operation and maintenance of plant ............
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111,034
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33
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1,393
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112,460
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Auxiliary enterprises ..........................
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140,083
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260
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140,343
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Hospital .....................................
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5,299
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48,082
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53,381
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Loan cancellations, write-offs and refunds .........
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(450)
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(450)
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Disposal of property, plant and equipment .........
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31,179
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31,179
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Interest on indebtedness .......................
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11,412
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11,412
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Other .......................................
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38
|
48
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250
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336
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Total expenditures and other deductions .......
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1,064,014
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231,222
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(101)
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44,032
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270
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1,339,437
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Excess (deficiency) of revenues and other
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|
|
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additions over expenditures and other
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deductions ..............................
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(520,120)
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8,055
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3,450
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(35,811)
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8,334
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(536,092)
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Higher Education interfund transfers— in (out):
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Mandatory:
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Principal and interest on revenue bonds .........
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(20,092)
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(148)
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20,240
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Loan fund matching grant ....................
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(205)
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205
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Non-mandatory:
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Remodeling, renewals and replacements .........
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(101,217)
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(7,899)
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109,116
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Other .....................................
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222
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(295)
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73
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Total Higher Education interfund transfers
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(121,292)
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(8,047)
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(90)
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129,429
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Operating transfer from State's general and capital
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projects funds ................................
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650,095
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72,756
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722,851
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Net increase in fund balances ................
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8,683
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8
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3,360
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166,374
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8,334
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186,759
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Fund balances, July 1, 1989 .......................
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23,173
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3,752
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37,268
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1,445,288
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41,387
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1,550,868
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Fund balances, June 30, 1990 .....................
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$ 31,856
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$ 3,760
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$40,628
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$1,611,662
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$49,721
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$1,737,627
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The accompanying notes to general purpose financial statements are an integral part of these financial statements.
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