|
STATE OF MARYLAND
Combining Statement of Cash Flows
Enterprise Funds
for the year ended June 30,1993
(Expressed in Thousands)
|
|
Ecoomic
Development
Insurance
Programs
|
Loan
Programs
|
Maryland
Food
Center
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
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|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss). ...................
|
$(3,992)
|
$ (1,219)
|
$582
|
$ 328,288
|
$ 746
|
$ 31
|
$(27,042)
|
$ 3,185
|
$ (2,606)
|
$ 297,973
|
|
Adjustments to reconcile operating income to
|
|
|
|
|
|
|
|
|
|
|
|
net cash provided by (used by) operating
|
|
|
|
|
|
|
|
|
|
|
|
activities:
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization .............
|
39
|
1,580
|
497
|
3,839
|
3,053
|
791
|
4
|
|
4,849
|
14,652
|
|
Gain on disposal of property, plant and
|
|
|
|
|
|
|
|
|
|
|
|
equipment ............................
|
|
|
|
|
|
|
(19)
|
|
|
(19)
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|
Changes in assets and liabilities:
|
|
|
|
|
|
|
|
|
|
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|
Decrease (increase) in assets:
|
|
|
|
|
|
|
|
|
|
|
|
Intergovernmental receivables .........
|
|
(535)
|
|
|
389
|
|
2,211
|
|
|
2,065
|
|
Other accounts receivable .............
|
(593)
|
(5,926)
|
(113)
|
5,821
|
675
|
(115)
|
18
|
108
|
(3,686)
|
(3,811)
|
|
Due from other funds .................
|
3,171
|
26,668
|
(476)
|
(12,801)
|
|
(540)
|
(5,309)
|
1,294
|
(3,441)
|
8,566
|
|
Inventories. .........................
|
|
|
|
|
|
396
|
|
|
|
396
|
|
Loans and notes receivable ............
|
1,673
|
(128,765)
|
|
|
|
|
|
330
|
|
(126,762)
|
|
Other assets. ........................
|
(896)
|
(16,007)
|
|
4
|
(179)
|
117
|
|
|
151
|
(16,810)
|
|
Increase (decrease) in liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities . .
|
2,668
|
1,253
|
(34)
|
8,391
|
(1,048)
|
226
|
(86)
|
(326)
|
(2,173)
|
8,871
|
|
Due to other funds. ...................
|
(1,065)
|
|
|
3,196
|
2,745
|
|
|
(5,000)
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|
(124)
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|
Accrued insurance and loan losses. ......
|
5,362
|
42
|
|
|
|
|
|
(4,767)
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|
637
|
|
Other liabilities ......................
|
552
|
(2,160)
|
(4)
|
|
|
|
(533)
|
|
|
(2,145)
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|
Deferred revenue ....................
|
230
|
(2)
|
(44)
|
(168)
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|
(55)
|
610
|
|
|
571
|
|
Accrued workers' compensation costs . . .
|
1
|
|
26
|
|
152
|
(32)
|
|
|
22
|
169
|
|
Accrued annual leave .................
|
(9)
|
4
|
(2)
|
|
19
|
(22)
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|
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|
(10)
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|
Net cash provided (used) by operating
|
|
|
|
|
|
|
|
|
|
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|
activities. ...........................
|
7,141
|
(125,067)
|
432
|
336,570
|
6,552
|
797
|
(30,146)
|
(5,176)
|
(6,884)
|
184,219
|
|
Cash flows from noncapital financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
Increase in lottery prizes ...................
|
|
|
|
73,563
|
|
|
|
|
|
73,563
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|
Lottery prize installment payments ..........
|
|
|
|
(38,797)
|
|
|
|
|
|
(38,797)
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|
Proceeds from sale of revenue bonds. .........
|
|
282,442
|
|
|
|
|
|
|
|
282,442
|
|
Principal paid on revenue bonds .............
|
|
(248,875)
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|
|
|
|
|
|
|
(248,875)
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|
Operating grants received ..................
|
|
1,940
|
|
|
|
|
29,150
|
|
|
31,090
|
|
Operating transfers in .....................
|
|
|
|
|
|
|
|
|
21,616
|
21,616
|
|
Operating transfers out ....................
|
(3,000)
|
|
|
(323,205)
|
(66)
|
(149)
|
|
(9,000)
|
|
(335,420)
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|
Contributed capital ........................
|
|
53,191
|
|
|
679
|
|
|
|
|
53,870
|
|
Residual equity transfer ...................
|
|
(4,400)
|
|
|
|
|
|
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|
(4,400)
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|
Net cash provided (used) by noncapital
|
|
|
|
|
|
|
|
|
|
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|
financing activities ...................
|
(3,000)
|
84,298
|
|
(288,439)
|
613
|
(149)
|
29,150
|
(9,000)
|
21,616
|
(164,911)
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|
Cash flows from capital and related financing
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|
|
|
|
|
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|
|
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|
activities:
|
|
|
|
|
|
|
|
|
|
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Proceeds from notes payable and revenue
|
|
|
|
|
|
|
|
|
|
|
|
bonds .................................
|
|
|
|
8,908
|
8,046
|
|
|
|
|
16,954
|
|
Principal paid on notes payable and revenue
|
|
|
|
|
|
|
|
|
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|
bonds. .................................
|
|
|
(61)
|
|
(1,877)
|
|
|
|
(1,705)
|
(3,643)
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|
Decrease in loans from other funds ...........
|
|
|
|
|
|
(189)
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|
|
|
(189)
|
|
Interest payments. .......................:
|
|
|
(494)
|
(1,822)
|
(1,279)
|
|
|
|
(12,037)
|
(15,632)
|
|
Acquisition and construction of property, plant
|
|
|
|
|
|
|
|
|
|
|
|
and equipment ..........................
|
(9)
|
(9)
|
(75)
|
(15,143)
|
(3,602)
|
(534)
|
|
|
(2,408)
|
(21,780)
|
|
Decrease (increase) in restricted assets. .......
|
|
|
(55)
|
|
6,850
|
|
|
|
785
|
7,580
|
|
Payment of capital lease obligations ..........
|
|
|
|
(3,345)
|
|
|
|
|
(340)
|
(3,685)
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|
Net cash provided (used) by capital and
|
|
|
|
|
|
|
|
|
|
|
|
related financing activities .............
|
(9)
|
(9)
|
(685)
|
(11,402)
|
8,138
|
(723)
|
|
|
(15,705)
|
(20,395)
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
Purchase of investments. ...................
|
|
(3,886,478)
|
|
(74,280)
|
|
|
|
(2,256)
|
|
(3,963,014)
|
|
Proceeds from maturity and sale of investments
|
|
3,935,862
|
|
38,797
|
|
|
996
|
|
|
3,975,655
|
|
Interest and gains on investments. ...........
|
|
|
196
|
|
18
|
|
|
706
|
1,061
|
1,981
|
|
Decrease in deposits .......................
|
|
|
|
|
|
|
|
11,772
|
|
11,772
|
|
Other ...................................
|
|
|
|
|
18
|
|
|
|
|
18
|
|
Net cash provided (used) by investing
|
|
|
|
|
|
|
|
|
|
|
|
activities. ...........................
|
|
49,384
|
196
|
(35,483)
|
36
|
|
996
|
10,222
|
1,061
|
26,412
|
|
Net increase (decrease) in cash and cash
|
|
|
|
|
|
|
|
|
|
|
|
equivalents .........................
|
4,132
|
8,606
|
(57)
|
1,246
|
15,339
|
(75)
|
|
(3,954)
|
88
|
25,325
|
|
Cash and cash equivalents balance, July 1, 1992 . .
|
113,881
|
246,375
|
163
|
833
|
5,335
|
175
|
|
4,371
|
|
371,133
|
|
Cash and cash equivalents balance, June 30, 1993 .
|
$118,013
|
$ 254,981
|
$106
|
$ 2,079
|
$20,674
|
$ 100
|
$ 0
|
$ 417
|
$ 88
|
$ 396,458
|
71
|
 |
