|
STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30,1993
(Expressed in Thousands)
|
|
Economic
|
|
Maryland
|
Maryland
|
|
|
Maryland
Higher
|
Maryland
Deposit
|
|
|
|
|
|
|
Food
|
State
|
Maryland
|
|
Education
|
Insurance
|
Maryland
|
|
|
|
Insurance
|
Loan
|
Center
|
Lottery
|
Environmental
|
State Use
|
Loan
|
Fund
|
Stadium
|
|
|
|
Programs
|
Programs
|
Authority
|
Agency
|
Service
|
Industries
|
Corporation
|
Corporation
|
Authority
|
Total
|
|
Operating revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Lottery ticket sales .......................
|
|
|
|
$ 882,246
|
|
|
|
|
|
$ 882,246
|
|
Charges for services and sales ..............
|
$ 6,617
|
$ 2,235
|
$ 3,261
|
|
$32,720
|
$20,958
|
$ 2,500
|
|
$ 9,184
|
77,475
|
|
Interest and other investment income ........
|
4,915
|
209,494
|
|
|
|
|
752
|
|
|
215,161
|
|
Other ...................................
|
296
|
3,829
|
9
|
|
|
|
13,592
|
$ 3,404
|
1,230
|
22,360
|
|
Total operating revenues ...............
|
11,828
|
215,558
|
3,270
|
882,246
|
32,720
|
20,958
|
16,844
|
3,404
|
10,414
|
1,197,242
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Prizes and claims .........................
|
|
|
|
468,108
|
|
|
|
|
|
468,108
|
|
Commissions and bonuses ..................
|
|
|
|
46,225
|
|
|
|
|
|
46,225
|
|
Cost of sales and services ..................
|
|
|
|
|
|
17,729
|
36,394
|
|
|
54,123
|
|
Operation and maintenance of facilities .......
|
|
8,736
|
|
|
24,668
|
|
|
|
6,823
|
40,227
|
|
General and administrative .................
|
4,242
|
12,988
|
1,979
|
35,786
|
4,253
|
2,407
|
7,488
|
219
|
1,348
|
70,710
|
|
Interest .................................
|
714
|
185,113
|
|
|
|
|
|
|
|
185,827
|
|
Depreciation and amortization ..............
|
39
|
1,580
|
497
|
3,839
|
3,053
|
791
|
4
|
|
4,849
|
14,652
|
|
Provision for insurance and loan losses .......
|
10,825
|
828
|
|
|
|
|
|
|
|
11,653
|
|
Other ...................................
|
|
7,532
|
212
|
|
|
|
|
|
|
7,744
|
|
Total operating expenses ...............
|
15,820
|
216,777
|
2,688
|
553,958
|
31,974
|
20,927
|
43,886
|
219
|
13,020
|
899,269
|
|
Operating income (loss) ................
|
(3,992)
|
(1,219)
|
582
|
328,288
|
746
|
31
|
(27,042)
|
3,185
|
(2,606)
|
297,973
|
|
Non-operating revenues (expenses):
|
|
|
|
|
|
|
|
|
|
|
|
Investment income .......................
|
|
|
196
|
|
18
|
|
|
706
|
1,061
|
1,981
|
|
Interest expense .........................
|
|
|
(494)
|
(1,822)
|
(1,279)
|
|
|
|
(12,037)
|
(15,632)
|
|
Operating grants .........................
|
|
1,940
|
|
|
|
|
29,150
|
|
|
31,090
|
|
Other ...................................
|
|
|
|
|
18
|
(22)
|
|
|
|
(4)
|
|
Operating income (loss) before transfers . .
|
(3,992)
|
721
|
284
|
326,466
|
(497)
|
9
|
2,108
|
3,891
|
(13,582)
|
315,408
|
|
Operating transfers in ......................
|
|
|
|
|
|
|
|
|
21,616
|
21,616
|
|
Operating transfers out .....................
|
(3,000)
|
|
|
(323,205)
|
(66)
|
(149)
|
|
(9,000)
|
|
(335,420)
|
|
Net income (loss) ......................
|
(6,992)
|
721
|
284
|
3,261
|
(563)
|
(140)
|
2,108
|
(5,109)
|
8,034
|
1,604
|
|
Add: Depreciation of cost of assets acquired from
|
|
|
|
|
|
|
|
|
|
|
|
contributed capital ........................
|
|
|
12
|
|
1,073
|
160
|
|
|
|
1,245
|
|
Increase (decrease) in retained earnings . . .
|
(6,992)
|
721
|
296
|
3,261
|
510
|
20
|
2,108
|
(5,109)
|
8,034
|
2,849
|
|
Retained earnings (deficit), July 1, 1992 ........
|
67,198
|
206,232
|
12,613
|
(322)
|
3,111
|
9,391
|
9,579
|
(137,284)
|
101,542
|
272,060
|
|
Retained earnings (deficit), June 30, 1993 ......
|
$60,206
|
$206,953
|
$12,909
|
$ 2,939
|
$ 3,621
|
$ 9,411
|
$ 11,687
|
$(142,393)
|
$109,576
|
$ 274,909
|
70
|
 |
