STATE OF MARYLAND
Statement of Revenues, Expenses, Interfund Transfers,
Operating Transfers and Changes in Fund Balances
Higher Education Fund
for the year ended June 30,1991
(Expressed in Thousands)
|
Current
|
Funds
|
|
|
Endowment
|
|
|
Unrestricted
|
Restricted
|
Loan Funds
|
Plant Funds
|
Funds
|
Total
|
Revenues and other additions:
|
|
|
|
|
|
|
Student tuition and fees ........................
|
$ 307,172
|
|
|
$ 282
|
|
$ 307,454
|
Federal grants and contracts ....................
|
31,810
|
$172,718
|
$1,365
|
89
|
$ 200
|
206,182
|
State and local grants and contracts ..............
|
3,849
|
56,085
|
691
|
1,035
|
|
61,660
|
Private gifts, grants and contracts ...............
|
8,150
|
32,932
|
113
|
3,513
|
724
|
45,432
|
Sales and services .............................
|
209,926
|
38
|
|
|
|
209,964
|
Investment income ............................
|
19,396
|
2,298
|
128
|
4,400
|
605
|
26,827
|
Realized loss on endowment investments ..........
|
|
|
|
|
(1,110)
|
(1,110)
|
Gain on disposal of plant assets ..................
|
|
|
|
420
|
|
420
|
Interest on loans receivable .....................
|
|
|
1,294
|
|
|
1,294
|
Other .......................................
|
7,473
|
1,191
|
132
|
598
|
|
9,394
|
Total revenues and other additions ............
|
587,776
|
265,262
|
3,723
|
10,337
|
419
|
867,517
|
Expenditures and other deductions:
|
|
|
|
|
|
|
Educational and general:
|
|
|
|
|
|
|
Instruction .................................
|
466,739
|
23,022
|
|
|
|
489,761
|
Research ...................................
|
67,876
|
140,286
|
|
|
|
208,162
|
Public service ...............................
|
34,286
|
10,173
|
|
|
|
44,459
|
Academic support ...........................
|
96,504
|
1,835
|
|
|
|
98,339
|
Student services ............................
|
57,559
|
1,683
|
166
|
|
|
59,408
|
Institutional support .........................
|
126,981
|
1,526
|
|
|
|
128,507
|
Scholarships and fellowships ..................
|
30,071
|
31,093
|
|
|
|
61,164
|
Operation and maintenance of plant ............
|
94,599
|
42
|
21
|
2,297
|
|
96,959
|
Auxiliary enterprises ..........................
|
152,382
|
213
|
|
|
|
152,595
|
Hospital .....................................
|
5,120
|
44,134
|
|
|
|
49,254
|
Loan cancellations, write-offs and refunds .........
|
|
|
(1,691)
|
|
|
(1,691)
|
Disposal of property, plant and equipment .........
|
|
|
|
22,171
|
|
22,171
|
Interest on indebtedness .......................
|
|
|
|
17,443
|
|
17,443
|
Other .......................................
|
27
|
1,305
|
14
|
662
|
297
|
2,305
|
Total expenditures and other deductions .......
|
1,132,144
|
255,312
|
(1,490)
|
42,573
|
297
|
1,428,836
|
Excess (deficiency) of revenues and other
|
|
|
|
|
|
|
additions over expenditures and other
|
|
|
|
|
|
|
deductions ..............................
|
(544,368)
|
9,950
|
5,213
|
(32,236)
|
122
|
(561,319)
|
Higher Education interfund transfers? in (out):
|
|
|
|
|
|
|
Mandatory:
|
|
|
|
|
|
|
Principal and interest on revenue bonds .........
|
(29,673)
|
(177)
|
|
29,850
|
|
|
Loan fund matching grant ....................
|
(156)
|
|
156
|
|
|
|
Non-mandatory:
|
|
|
|
|
|
|
Remodeling, renewals and replacements .........
|
(105,815)
|
(10,677)
|
|
116,492
|
|
|
Other .....................................
|
(22,259)
|
1,016
|
13
|
21,187
|
43
|
|
Total Higher Education interfund transfers ....
|
(157,903)
|
(9,838)
|
169
|
167,529
|
43
|
|
Operating'transfer from State's general and capital
|
|
|
|
|
|
|
projects funds ................................
|
651,514
|
|
|
75,951
|
|
727,465
|
Excess of restricted receipts over transfers to revenue
|
|
13,858
|
|
|
|
13,858
|
Net increase (decrease) in fund balances .......
|
(50,757)
|
13,970
|
5,382
|
211,244
|
165
|
180,004
|
Fund balances, July 1, 1990 .......................
|
31,856
|
3,760
|
40,628
|
1,611,662
|
49,721
|
1,737,627
|
Additon of New Community College of Baltimore to
|
|
|
|
|
|
|
the reporting entity ...........................
|
3,597
|
48
|
605
|
31,328
|
|
35,578
|
Fund balances (deficit), June 30, 1991 ..............
|
$(15,304)
|
$17,778
|
$46,615
|
$1,854,234
|
$49,886
|
$1,953,209
|
The accompanying notes to general purpose financial statements are an integral part of these financial statements.
32
|
|