|
STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30,1990
(Expressed in Thousands)
|
|
Economic
|
|
Maryland
|
|
Maryland
|
|
|
Maryland
Higher
|
Maryland
Deposit
|
|
|
|
|
Development
|
|
Food
|
Maryland
|
State
|
Maryland
|
|
Education
|
Insurance
|
Maryland
|
|
|
|
Insurance
|
Loan
|
Center
|
Transportation
|
Lottery
|
Environmental
|
State Use
|
Loan
|
Fund
|
Stadium
|
|
|
|
Programs
|
Programs
|
Authority
|
Authority
|
Agency
|
Service
|
Industries
|
Corporation
|
Corporation
|
Authority
|
Total
|
|
Operating revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery ticket sales ...........
|
|
|
|
|
$811,477
|
|
|
|
|
|
$811,477
|
|
Charges for services and sales . .
|
$5,893
|
$847
|
$4,816
|
$118,484
|
|
$21,178
|
$16,772
|
$ 2,384
|
|
|
170,374
|
|
Interest and other investment
|
|
|
|
|
|
|
|
|
|
|
|
|
income ....................
|
11,190
|
188,317
|
|
|
|
|
|
1,522
|
$ 2,801
|
|
203,830
|
|
Other .......................
|
47
|
4,365
|
11
|
|
|
|
|
10,204
|
31,101
|
$1,063
|
46,791
|
|
Total operating revenues . . .
|
17,130
|
193,529
|
4,827
|
118,484
|
811,477
|
21,178
|
16,772
|
14,110
|
33,902
|
1,063
|
1,232,472
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Prizes and claims .............
|
|
|
|
|
406,348
|
|
|
|
|
|
406,348
|
|
Commissions and bonuses ......
|
|
|
|
|
41,832
|
|
|
|
|
|
41,832
|
|
Cost of sales and services ......
|
|
|
|
|
|
|
12,597
|
39,710
|
|
|
52,307
|
|
Operation and maintenance of
|
|
|
|
|
|
|
|
|
|
|
|
|
facilities ...................
|
|
27,044
|
|
68,082
|
|
17,003
|
|
|
|
|
112,129
|
|
General and administrative .....
|
4,384
|
11,919
|
3,026
|
6,907
|
25,861
|
3,259
|
3,928
|
7,235
|
729
|
1,092
|
68,340
|
|
Interest .....................
|
|
149,530
|
|
|
|
|
|
|
|
|
149,530
|
|
Depreciation and amortization . .
|
50
|
1,414
|
427
|
458
|
890
|
1,718
|
429
|
20
|
|
40
|
5,446
|
|
Provision for insurance and loan
|
|
|
|
|
|
|
|
|
|
|
|
|
losses .....................
|
7,401
|
357
|
|
|
|
|
|
700
|
(44,900)
|
|
(36,442)
|
|
Other .......................
|
|
2,299
|
|
|
|
|
41
|
|
|
|
2,340
|
|
Total operating expenses . . .
|
11,835
|
192,563
|
3,453
|
75,447
|
474,931
|
21,980
|
16,995
|
47,665
|
(44,171)
|
1,132
|
801,830
|
|
Operating income (loss) .....
|
5,295
|
966
|
1,374
|
43,037
|
336,546
|
(802)
|
(223)
|
(33,555)
|
78,073
|
(69)
|
430,642
|
|
Non-operating revenues
|
|
|
|
|
|
|
|
|
|
|
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|
(expenses):
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment income ............
|
|
|
510
|
9,112
|
|
271
|
|
|
|
1,786
|
11,679
|
|
Interest expense ..............
|
|
|
(683)
|
(20,171)
|
|
(313)
|
|
|
|
|
(21,167)
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|
Operating grants .............
|
|
20,612
|
393
|
|
|
|
19
|
22,712
|
|
|
43,736
|
|
Other .......................
|
|
|
|
3,489
|
|
218
|
500
|
|
|
|
4,207
|
|
Operating income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
before transfers .........
|
5,295
|
21,578
|
1,594
|
35,467
|
336,546
|
(626)
|
296
|
(10,843)
|
78,073
|
1,717
|
469,097
|
|
Operating transfers in ...........
|
|
|
|
|
|
|
|
|
140,389
|
24,040
|
164,429
|
|
Operating transfers out .........
|
|
|
|
|
(335,294)
|
|
|
|
(42,000)
|
|
(377,294)
|
|
Net income (loss) ..........
|
5,295
|
21,578
|
1,594
|
35,467
|
1,252
|
(626)
|
296
|
(10,843)
|
176,462
|
25,757
|
256,232
|
|
Add: Depreciation of cost of assets
|
|
|
|
|
|
|
|
|
|
|
|
|
acquired from contributed
|
|
|
|
|
|
|
|
|
|
|
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|
capital ......................
|
|
|
|
|
|
1,306
|
7
|
|
|
|
1,313
|
|
Increase (decrease) in
|
|
|
|
|
|
|
|
|
|
|
|
|
retained earnings ........
|
5,295
|
21,578
|
1,594
|
35,467
|
1,252
|
680
|
303
|
(10,843)
|
176,462
|
25,757
|
257,545
|
|
Retained earnings (deficit),
|
|
|
|
|
|
|
|
|
|
|
|
|
July 1, 1989 ..................
|
69,053
|
146,651
|
10,420
|
909,027
|
4,215
|
1,153
|
10,166
|
17,504
|
(317,707)
|
34,390
|
884,872
|
|
Retained earnings (deficit),
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 1990 ................
|
$74,348
|
$168,229
|
$12,014
|
$944,494
|
$ 5,467
|
$1,833
|
$10,469
|
$6,661
|
$(141,245)
|
$60,147
|
$1,142,417
|
66
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 |
