|
The investments as of June 30, 1993, for the higher education fund are as follows (amounts expressed in
thousands):
|
|
|
Category
|
|
Carrying
|
Market
|
|
|
1
|
2
|
3
|
Value
|
Value
|
|
U.S. Treasury and agency obligations ...................
|
$12,849
|
|
|
$12,849
|
$14,179
|
|
Corporate debt securities .............................
|
5,948
|
|
|
5,948
|
6,564
|
|
Corporate equity securities ...........................
|
28,294
|
|
|
28,294
|
53,887
|
|
Money Market ......................................
|
4,043
|
|
|
4,043
|
4,047
|
|
Other .............................................
|
3,702
|
|
|
3,702
|
3,580
|
|
Total ............................................
|
$54,836
|
|
|
$54,836
|
$82,257
|
5. Taxes Receivable:
Taxes receivable, as of June 30,1993, consisted of the following (amounts expressed in thousands):
|
|
|
Funds
|
|
|
|
|
|
Special
|
Debt
|
Trust and
|
|
|
General
|
Revenue
|
Service
|
Agency
|
|
Income taxes .............................................................
|
$209,136
|
|
|
$108,944
|
|
Sales and use taxes ........................................................
|
161,364
|
|
|
|
|
Transportation taxes, principally motor vehicle fuel and excise ....................
|
|
$59,462
|
|
|
|
Unemployment compensation taxes ..........................................
|
|
|
|
153,353
|
|
Other taxes, principally alcohol, tobacco and property ............................
|
2,928
|
|
$5,351
|
|
|
|
373,428
|
59,462
|
5,351
|
262,297
|
|
Less allowance for doubtful accounts .........................................
|
648
|
|
|
23,215
|
|
Taxes receivable, net .......................................................
|
$372,780
|
$59,462
|
$5,351
|
$239,082
|
6. Due From/To Other Funds:
Interfund receivables and payables, as of June 30, 1993, consisted of the following (amounts expressed in
thousands):
|
Receivable Fund
|
Payable Fund
|
Amount
|
|
General fund
|
Special revenue funds— Maryland Department of Transportation
|
$ 6,628
|
|
|
Enterprise funds— Maryland State Lottery Agency
|
26,927
|
|
|
—Maryland Environmental Service
|
2,745
|
|
|
Agency funds— Local admissions and amusement taxes
|
1,322
|
|
|
Pension trust fund
|
3,696
|
|
Special revenue funds— Maryland Department
|
|
|
|
of Transportation
|
General fund
|
158,236
|
|
Debt service funds-
|
|
|
|
General obligation bonds
|
Capital projects fund
|
444
|
|
Transportation bonds
|
General fund
|
1,246
|
|
|
Special revenue funds— Maryland Department of Transportation
|
467
|
|
' Capital projects fund
|
General fund
|
1,343
|
|
Agency funds-
|
|
|
|
Local income taxes
|
General fund
|
106,893
|
|
Enterprise funds-
|
|
|
|
Economic Development— Insurance Programs
|
General fund
|
39,616
|
|
—Loan Programs
|
General fund
|
48,329
|
|
|
Enterprise funds— Economic Development— Insurance Programs
|
9,743
|
|
Maryland Food Center Authority
|
General fund
|
5,645
|
|
Maryland State Lottery Agency
|
General fund
|
44,295
|
|
State Use Industries
|
General fund
|
4,109
|
|
Maryland Higher Education Loan Corporation
|
General fund
|
23,237
|
|
Maryland Stadium Authority
|
General fund
|
6,188
|
|
Higher Education fund
|
General fund
|
231,739
|
|
|
|
$722,848
|
46
|
 |
