STATE OF MARYLAND

Combining Statement of Cash Flows

Enterprise Funds
for the year ended June 30, 1992

(Expressed in Thousands)

	Economic Development nsurance 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 operating income to net cash provided by	$ 3,579	$ (6,314)	$ 604	$ 50,259 $	344,373	$ (27)	$ (668)	$(32,109)	$ 8,426	$ 119	$ 368,242
(used by) operating activities:
Depreciation and amortization ......	52	2,026	482	415	3,163	2,703	727	10		2,619	12,197
Loss on disposal of property, plant
and equipment .................		136						10			146
Changes in assets and liabilities:
Decrease (increase) in assets:
Intergovernmental receivables . .		134	49			206		1,724			2,113
Other accounts receivable ......	657	(1,563)	75	249	3,696	(618)	(580)	22	(103)	(387)	1,448
Due from other funds ..........	13,714	7,395	(5,169)	8,597	(31,494)		(3,569)	(534)	(1,294)	(2,747)	(15,101)
Inventories ..................				36			225				261
Loans and notes receivable .....	2,840	(100,394)							1,258		(96,296)
Other assets .................	(220)	(173)	(60)		(29)	651	(110)			153	212
Increase (decrease) in liabilities:
Accounts payable and accrued
liabilities. ..................	975	(898)	(79)	(1,976)	510	(907)	529	16	(112)	(7,060)	(9,002)
Due to other funds ............	(104)				(1,981)				(7,000)		(9,085)
Accrued insurance and loan
losses .....................	(4,692)	(125)						(615)	(3,252)		(8,684)
Other liabilities ...............	(941)	(13,446)						(3,001)		CO	(17,395)
Deferred revenue .............	1,033		28	(84)	191		(89)	261			1,340
Liabilities payable from
restricted assets ............				839							839
Accrued workers' compensation
costs ......................	5	21	(15)	4,716		85	41		(1)	4	4,856
Accrued annual leave ..........	16	(12)	1	1,856		99	56			(4)	2,012
Net cash provided (used) by
operating activities ............	16,914	(113,213)	(4,084)	64,907	318,429	2,192	(3,438)	(34,216)	(2,078)	(7,310)	238,103
Cash flows from noncapital financing
activities:
Increase in lottery prizes ............					73,888						73,888
Lottery prize installment payments . . .					(34,127)						(34,127)
Loans to other funds. ...............				(40,000)							(40,000)
Proceeds from sale of revenue bonds . .		513,704									513,704
Principal paid on revenue bonds ......		(192,517)									(192,517)
Operating grants received ...........		1,739						34,222			35,961
Operating transfers in ..............										20,141	20,141
Operating transfers out .............					(343,864)				(9,000)	(1,252)	(354,116)
Contributed capital. ................	1,000	39,831									40,831
Residual equity transfers ...........		(8,350)									(8,350)
Net cash provided (used) by
noncapital financing activities . . .	1,000	354,407		(40,000)	(304,103)			34,222	(9,000)	18,889	55,415
Cash flows from capital and related
financing activities:
Principal paid on notes payable and
revenue bonds ...................			(56)	(2,290)		(1,316)					(3,662)
Decrease in loans from other funds ....			(71)								(71)
Interest payments. .................			(501)	(21,734)	(1,483)	(904)					(24,622)
Acquisition and construction of
property, plant and equipment. .....	(1)	(88)	(377)	(33,339)		(6,126)	(369)			(70,384;	(110,684)
Decrease in restricted assets .........				18,705		5,470				48,772	72,947
Payment of capital lease obligations . .					(2,654)					(291)	(2,945)
Net cash provided (used) by capital
and related financing activities . .	(1)	(88)	(1,005)	(38,658)	(4,137)	(2,876)	(369)			(21,903)	(69,037)
Cash flows from investing activities:
Purchase of investments ............		(5,466,350)			(74,928)			(6)			(5,541,284)
Proceeds from maturity and sale of
investments .....................	5,612	5,377,824		2,971	34,127				124		5,420,658
Interest and gains on investments ....			251	5,286		221			816		6,574
Decrease in loans and notes receivable			239								239
Decrease in deposits ...............									13,682		13,682
Other ............................			(27)	7,836		63					7,872
Net cash provided (used) by
investing activities ............	5,612	(88,526)	463	16,093	(40,801)	284		(6)	14,622		(92,259)
Net increase (decrease) in cash and
cash equivalents ..............	23,525	152,580	(4,626)	2,342 .	(30,612)	(400)	(3,807)		3,544	(10,324]	132,222
Cash and cash equivalents balance,
July 1, 1991 .......................	90,356	93,795	4,789	9,322	31,445	5,735	3,982		827	10,324	250,575
Cash and cash equivalents balance,
June 30, 1992. .....................	$113,881	$ 246,375	$ 163	$ 11,664	$ 833	$ 5,335	$ 175	$ -0-	$ 4,371	$ -0-	$ 382,797
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