STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30,1991
(Expressed in Thousands)
|
Economic
|
|
Maryland
|
|
Maryland
|
|
|
Maryland
Higher
|
Maryland
Deposit
|
|
|
|
|
|
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 ...........
|
|
|
|
|
$813,350
|
|
|
|
|
|
$ 813,350
|
Charges for services and sales . .
|
$ 4,835
|
$1,165
|
$2,928
|
$118,501
|
|
$25,419
|
$15,601
|
$ 2,382
|
|
|
170,831
|
Interest and other investment
|
|
|
|
|
|
|
|
|
|
|
|
income ....................
|
9,843
|
208,112
|
|
|
|
|
|
1,260
|
$ 2,479
|
|
221,694
|
Other .......................
|
349
|
34,779
|
108
|
|
|
|
|
11,849
|
14,108
|
$1,088
|
62,281
|
Total operating revenues . . .
|
15,027
|
244,056
|
3,036
|
118,501
|
813,350
|
25,419
|
15,601
|
15,491
|
16,587
|
1,088
|
1,268,156
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Prizes and claims .............
|
|
|
|
|
408,012
|
|
|
|
|
|
408,012
|
Commissions and bonuses ......
|
|
|
|
|
41,616
|
|
|
|
|
|
41,616
|
Cost of sales and services ......
|
|
|
|
|
|
|
13,488
|
46,685
|
|
|
60,173
|
Operation and maintenance of
|
|
|
|
|
|
|
|
|
|
|
|
facilities ...................
|
|
29,665
|
|
61,472
|
|
20,262
|
|
|
|
|
111,399
|
General and administrative .....
|
5,108
|
13,359
|
2,007
|
6,962
|
28,480
|
3,272
|
2,591
|
7,800
|
436
|
1,316
|
71,331
|
Interest .....................
|
|
165,920
|
|
|
|
|
|
|
|
|
165,920
|
Depreciation and amortization . .
|
51
|
1,392
|
427
|
454
|
514
|
2,118
|
655
|
19
|
|
46
|
5,676
|
Provision for insurance and loan
|
|
|
|
|
|
|
|
|
|
|
|
losses .....................
|
10,936
|
765
|
|
|
|
|
|
230
|
(19,700)
|
|
(7,769)
|
Other .......................
|
|
4,615
|
393
|
|
590
|
|
|
|
|
|
5,598
|
Total operating expenses . . .
|
16,095
|
215,716
|
2,827
|
68,888
|
479,212
|
25,652
|
16,734
|
54,734
|
(19,264)
|
1,362
|
861,956
|
Operating income (loss) .....
|
(1,068)
|
28,340
|
209
|
49,613
|
334,138
|
(233)
|
(1,133)
|
(39,243)
|
35,851
|
(274)
|
406,200
|
Non-operating revenues
|
|
|
|
|
|
|
|
|
|
|
|
(expenses):
|
|
|
|
|
|
|
|
|
|
|
|
Investment income ............
|
|
|
578
|
7,799
|
|
286
|
|
|
|
849
|
9,512
|
Interest expense ..............
|
|
|
(658)
|
(20,159)
|
|
(412)
|
|
|
|
|
(21,229)
|
Operating grants .............
|
|
21,638
|
|
|
|
|
|
40,048
|
|
|
61,686
|
Other .......................
|
|
|
|
9,573
|
|
16
|
(22)
|
|
|
|
9,567
|
Operating income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
before transfers .........
|
(1,068)
|
49,978
|
129
|
46,826
|
334,138
|
(343)
|
(1,155)
|
805
|
35,851
|
575
|
465,736
|
Operating transfers in ...........
|
|
|
|
|
|
|
|
|
|
24,004
|
24,004
|
Operating transfers out .........
|
(9,843)
|
(8,074)
|
|
|
(338,953)
|
|
|
|
(32,300)
|
|
(389,170)
|
Net income (loss) ..........
|
(10,911)
|
41,904
|
129
|
46,826
|
(4,815)
|
(343)
|
(1,155)
|
805
|
3,551
|
24,579
|
100,570
|
Add: Depreciation of cost of assets
|
|
|
|
|
|
|
|
|
|
|
|
acquired from contributed
|
|
|
|
|
|
|
|
|
|
|
|
capital ......................
|
|
|
|
|
|
1,191
|
111
|
|
|
|
1,302
|
Increase (decrease) in
|
|
|
|
|
|
|
|
|
|
|
|
retained earnings ........
|
(10,911)
|
41,904
|
129
|
46,826
|
(4,815)
|
848
|
(1,044)
|
805
|
3,551
|
24,579
|
101,872
|
Retained earnings (deficit),
|
|
|
|
|
|
|
|
|
|
|
|
July 1, 1990 ..................
|
74,348
|
168,229
|
12,014
|
944,494
|
5,467
|
1,833
|
10,469
|
6,661
|
(141,245)
|
60,147
|
1,142,417
|
Retained earnings (deficit),
|
|
|
|
|
|
|
|
|
|
|
|
June30,1991 ................
|
$63,437
|
$210,133
|
$12,143
|
$991,320
|
$ 652
|
$2,681
|
$9,425
|
$ 7,466
|
$(137,694)
|
$84,726
|
$1,244,289
|
64
|
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