|
Obligations Under Capital Leases:
Obligations under capital leases of $44,131,000 exist as of June 30, 1990, bearing interest at annual rates
ranging from 3.9% to 18%. The following is a schedule of annual future minimum payments under these
obligations, along with the present value of the related net minimum payments as of June 30, 1990 (amounts
expressed in thousands):
|
Years Ending
|
|
|
June 30,
|
Amount
|
|
1991 ...........................................................................
|
$9,713
|
|
1992 ...........................................................................
|
8,589
|
|
1993 ...........................................................................
|
7,200
|
|
1994 ...........................................................................
|
5,908
|
|
1995 ...........................................................................
|
5,051
|
|
1996 and thereafter ..............................................................
|
80,861
|
|
Total future minimum payments ....................................................
|
117,322
|
|
Less amount representing interest ..................................................
|
73,191
|
|
Present value of net minimum lease payments .........................................
|
$44,131
|
13. Contributed Capital:
The changes in contributed capital of the enterprise funds for the year ended June 30, 1990, are as follows
(amounts expressed in thousands):
|
|
Economic
|
Development
|
Maryland
|
Maryland
|
|
|
|
|
Insurance
|
Loan
|
Transportation
|
Environmental
|
State Use
|
|
|
|
Programs
|
Programs
|
Authority
|
Service
|
Industries
|
Total
|
|
Balance, July 1, 1989 ...............
|
$69,545
|
$171,576
|
$763,785
|
$11,794
|
$385
|
$1,017,085
|
|
Contributions .....................
|
1,000
|
12,049
|
|
291
|
392
|
13,732
|
|
Depreciation on contributed assets ....
|
|
|
|
(1,306)
|
(7)
|
(1,313)
|
|
Balance, June 30, 1990 .............
|
$70,545
|
$183,625
|
$763,785
|
$10,779
|
$770
|
$1,029,504
|
14. Segment Information—Enterprise Funds:
Activity segments included in enterprise funds are described in Note IB. Selected financial information with
respect to these segments as of and for the year ended June 30, 1990, is as follows (amounts expressed in
thousands):
Segments
|
Operating revenues ......
|
Insurance
Programs
$17,130
|
Loan
Programs
$193,529
|
Warehouse
Development
and
Rentals
$4,827
|
Toll
Facilities
(Maryland
Transportation
Authority)
$118,484
|
Lottery
$811,477
|
Water
Supply
Waste
Disposal
$21,178
|
Manufacturing
$16,772
|
Student
Loan
Insurance
Program
$14,110
|
Savings
and
Loan
Deposit
Insurance
$33,902
|
Stadium
Authority
$1,063
|
|
Depreciation and
|
|
|
|
|
|
|
|
|
|
|
|
amortization ..........
|
50
|
1,414
|
427
|
458
|
890
|
1,718
|
429
|
20
|
|
40
|
|
Operating income (loss) . . .
|
5,295
|
966
|
1,374
|
43,037
|
336,546
|
(802)
|
(223)
|
(33,555)
|
78,073
|
(69)
|
|
Operating grants ........
|
|
20,612
|
393
|
|
|
|
19
|
22,712
|
|
|
|
Operating interfund
|
|
|
|
|
|
|
|
|
|
|
|
transfers:
|
|
|
|
|
|
|
|
|
|
|
|
In ...................
|
|
|
|
|
|
|
|
|
140,389
|
24,040
|
|
Out ..................
|
|
|
|
|
(335,294)
|
|
|
|
(42,000)
|
|
|
Net income (loss) ........
|
5,295
|
21,578
|
1,594
|
35,467
|
1,252
|
(626)
|
296
|
(10,843)
|
176,462
|
25,757
|
|
Current capital
|
|
|
|
|
|
|
|
|
|
|
|
contributions ..........
|
1,000
|
12,049
|
|
|
|
291
|
392
|
|
|
|
|
Property, plant, and
|
|
|
|
|
|
|
|
|
|
|
|
equipment:
|
|
|
|
|
|
|
|
|
|
|
|
Additions .............
|
1
|
124
|
299
|
54,231
|
702
|
2,204
|
1,058
|
|
|
31
|
|
Deletions .............
|
|
318
|
860
|
|
|
|
15
|
|
|
|
|
Total assets .............
|
165,644
|
2,350,601
|
27,150
|
1,984,349
|
277,715
|
36,709
|
14,042
|
22,420
|
393,015
|
217,920
|
|
Bonds and other long-term
|
|
|
|
|
|
|
|
|
|
|
|
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
Payable from operating
|
|
|
|
|
|
|
|
|
|
|
|
revenues ............
|
|
1,916,564
|
4,775
|
251,200
|
|
13,510
|
|
|
|
155,000
|
|
Total capital ............
|
. 144,893
|
351,854
|
12,014
|
1,708,279
|
5,467
|
12,612
|
11,239
|
6,661
|
2,979
|
60,147
|
53
|
 |
