STATE OF MARYLAND
Combining Statement of Cash Flows

Enterprise Funds
for the year ended June 30,1990

(Expressed in Thousands)

	Economic Development Insurance Programs	Loan Programs	Maryland Food Center Authority	Maryland Transportation Authority	Maryland State Lottery Agency	Maryland Environmental Service	State Use Industries	Maryland Higher Education Loan Corporation	Maryland Deposit Insurance Fund Corporation	Maryland Stadium Authority	Total
Cash flows from operating
activities:
Operating income (loss) ....... Adjustments to reconcile	$5,295	$ 966	$1,374	$43,037	$336,546	$ (802)	$ (223)	$(33,555)	$ 78,073	$ (69) i	$430,642
operating income to net cash
providedhy (used in)
operating activities:
Depreciation and
amortization.............	50	1,414	427	458	890	1,718	429	20		40	5,446
Changes in assets and
liabilities:
Decrease (increase) in
assets:
Intergovernmental
receivable ...........			(393)			(1,217)		10,118			8,508
Other accounts
receivable ........... Due from other funds . . .	(835)	(1,274) (1,645)	(162)	(39)	(4,032)	(1,029)	1,086	19	(76)	(2,332)	(8,674) (1,645)
Inventories ............				77			(757)				(680)
Loans and notes
receivable ...........	221	(146,828)	153						3,293		(143,161)
Other assets ...........	(1,273)	(2,347)		283	44	(849)	(4)		45	(1,676)	(5,777)
Increase (decrease) in
liabilities:
Accounts payable and
accrued liabilities .....	434	714	27	307	390	2,845	(137)	3	355	756	5,694
Due to other funds ......	1,645				(658)				39,000		39,987
Accrued insurance and
loan losses ...........	4,469	(82)						300	(45,700)		(41,013)
Other liabilities.........	483	10,280						1,653	(24)	9	12,401
Deferred revenue .......	178	(6,277)	12	487	(936)			(135)		(U)	(6,682)
Liabilities payable from
restricted assets ......				(2,737)							(2,737)
Accrued retirement costs		842	132			928	822		180	64	2,968
Accrued workers'
compensation costs. . . .		75	44			394	145		8	1	667
Other, net .............				(458)			40				(418)
Net cash provided by (used for) operating activities . .	10,667	(144,162)	1,614	41,415	332,244	1,988	1,401	(21,577)	75,154	(3,218)	295,526
Cash flows from noncapital
financing activities:
Increase in lottery prizes, net . . Proceeds from sale of revenue					39,428						39,428
bonds ....................		318,204									318,204
Principal paid on revenue
bonds ....................		(84,493)									(84,493)
Operating grants received.....		20,612	393					22,712			43,717
Operating transfers, net ......					(335,294)				98,389	24,040	(212,865)
Net cash provided by (used
for) noncapital financing activities ..............		254,323	393		(295,866)			22,712	98,389	24,040	103,991
Cash flows from capital and
related financing activities:
Proceeds from sale of revenue
bonds ....................				55,000		9,510				137,550	202,060
Principal paid on notes payable
and revenue bonds .........	(1,658)		(45)	(2,015)		(700)			(355)	(43,395)	(48,168)
Decrease in loans from other
funds ....................			(359)								(359)
Interest payments ........... Contributed capital ..........	1,000	12,049	(683)	(20,171)		(313) 291					(21,167) 13,340
Acquisition and construction of
property, plant and equipment ................	(1)	(124)	(299)	(54,231)	(702)	(2,204)	(1,058)			(31)	(58,650)
Proceeds from sale of property,
plant and equipment........ Increase in restricted assets . . .		318	860	(30,764)		(7,217)	15			(124,201)	1,193 (162,182)
Net cash provided by (used for) capital and related financing activities......	(659)	12,243	(526)	(52,181)	(702)	(633)	(1,043)		(355)	(30,077)	(73,933)
Cash flows from investing
activities:
Purchase of investments ......	(3,239)	(6,058,977)		(2,941)	(61,883)			(5)	(22,765)		(6,149,810)
Proceeds from maturity and
sale of investments .........		6,025,807		6,014	23,868				21,978		6,077,667
Interest and gains on
investments...............			510	9,112		271				1,786	11,679
Increase in deposits, net ......									(162,119)		(162,119)
Other, net ..................				3,489		218					3,707
Net cash provided by (used in) investing activities . . .	(3,239)	(33,170)	510	15,674	(38,015)	489		(5)	(162,906)	1,786	(218,876)
Net increase (decrease) in
cash and short-term
investments ...........	6,769	89,234	1,991	4,908	(2,339)	1,844	358	1,130	10,282	(7,469)	106,708
Unrestricted cash and short-term
investments balance,
July 1,1989.................	90,878	382,672	5,870	3,872	35,368	4,242	4,229	15,720	14,919	13,856	571,626
Unrestricted cash and short-term
investments balance,
June 30, 1990 ...............	$97,647	$471,906	$7,861	$8,780	$33,029	$6,086	$4,587	$16,850	$ 25,201	$ 6,387	$ 678,334
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