|
STATE OF MARYLAND
Combined Statement of Cash Flows
Enterprise Funds and Component Unit Proprietary Funds
for the year ended June 30,1994
(Expressed in Thousands)
|
|
Primary
|
Component
|
Total
|
|
|
Government
|
Unit
|
Entity
|
|
|
Enterprise
|
Proprietary
|
(Memorandum
|
|
|
Funds
|
Funds
|
Only)
|
|
Cash flows from operating activities:
|
|
|
|
|
Operating income (loss).........................................................................................................................
|
.. $372,580
|
$(24,564)
|
$ 348,016
|
|
Adjustments to reconcile operating income (loss) to net cash provided (used) by operating
|
|
|
|
|
activities:
|
|
|
|
|
Depreciation and amortization ..........................................................................................................
|
14,067
|
4,281
|
18,348
|
|
Loss on disposal of property, plant and equipment ......................................................................
|
15
|
|
15
|
|
Changes in assets and liabilites:
|
|
|
|
|
Decrease (increase) in assets:
|
|
|
|
|
Intergovernmental receivables...................................................................................................
|
(729)
|
1,057
|
328
|
|
Other accounts receivable..........................................................................................................
|
.. (7,163)
|
(272)
|
(7,435)
|
|
Due from other funds..................................................................................................................
|
.. (63,901)
|
(163)
|
(64,064)
|
|
Inventories.....................................................................................................................................
|
(652)
|
|
(652)
|
|
Loans and notes receivable........................................................................................................
|
9,248
|
|
9,248
|
|
Other assets .................................................................. ................................................................
|
.. (4,982)
|
(9,928)
|
(14,910)
|
|
Increase (decrease) in liabilities:
|
|
|
|
|
Accounts payable and accrued liabilites..................................................................................
|
(8,599)
|
1,844
|
(6,755)
|
|
Due to other funds.......................................................................................................................
|
.. (1,872)
|
(1,778)
|
(3,650)
|
|
Accrued insurance and loan losses ..........................................................................................
|
(107)
|
|
(107)
|
|
Other liabih'ties.............................................................................................................................
|
1,812
|
4,868
|
6,680
|
|
Deferred revenue..........................................................................................................................
|
1,231
|
1,003
|
2,234
|
|
Accrued workers' compensation costs.....................................................................................
|
142
|
3,092
|
3,234
|
|
Accrued annual leave..................................................................................................................
|
(48)
|
(7)
|
(55)
|
|
Lottery installment payments.........................................................................................................
|
.. (43,101)
|
|
(43,101)
|
|
Future lottery prize mstallments...................................................................................................
|
42,546
|
|
42,546
|
|
Total adjustments.....................................................................................................................
|
.. (62,093)
|
3,997
|
(58,096)
|
|
Net cash provided (used) by operating activities ..................................................................
|
.. 310,487
|
(20,567)
|
289,920
|
|
Cash flows from noncapital financing activities:
|
|
|
|
|
Proceeds from sale of revenue bonds..................................................................................................
|
.. 412,622
|
|
412,622
|
|
Payment on revenue bonds....................................................................................................................
|
.. (390,640)
|
|
(390,640)
|
|
Operating gi^mts received.......................................................................................................................
|
|
26,408
|
26,408
|
|
Operating transfers in.. ...........................................................................................................................
|
26,749
|
|
26,749
|
|
Operating transfers out.»................^.......»..:................................:.........................................................
|
.. (392,868)
|
|
(392,868)
|
|
Contributed capital..................................................................................................................................
|
68,683
|
1,320
|
70,003
|
|
Payments on loans from other funds...................................................................................................
|
(189)
|
|
(189)
|
|
Net cash provided (used) by noncapital financing activities...............................................
|
.. (275,643)
|
27,728
|
(247,915)
|
|
Cash flows from capital and related financing activities:
|
|
|
|
|
Proceeds from notes payable and revenue bonds. ............................................................................
|
11,057
|
|
11,057
|
|
Principal paid on notes payable and revenue bonds.........................................................................
|
(4,006)
|
(3,673)
|
(7,679)
|
|
Interest payments....... ............................................................ ..................................................................
|
.. (12,932)
|
(1,599)
|
(14,531)
|
|
Acquisition and construction of property, plant and equipment.....................................................
|
.. (22,317)
|
(5,960)
|
(28,277)
|
|
Payment of capital lease obligations................................................1............................................;........
|
(4,115)
|
|
(4,115)
|
|
Net cash used by capital and related financing activities .....................................................
|
.. (32,313)
|
(11,232)
|
(43,545)
|
|
Cash flows from investing activities:
|
|
|
|
|
Purchase of investments..........................................................................................................................
|
.. (131,564)
|
|
(131,564)
|
|
Proceeds from maturity and sale of investments...............................................................................
|
82,902
|
|
82,902
|
|
Interest and gains on investments ........................................................................................................
|
2,424
|
696
|
3,120
|
|
Decrease in deposits...............................................................................................................................
|
5,030
|
|
5,030
|
|
Other.........................................................................^
|
|
60
|
60
|
|
Net cash provided (used) by investing activities ...................................................................
|
.. (41,208)
|
756
|
(40,452)
|
|
Net decrease in cash and cash equivalents.............................................................................
|
.. (38,677)
|
(3,315)
|
(41,992)
|
|
Cash and cash equivalents balance, July 1, 1993. ..................................................................................
|
.. 375,678
|
20,780
|
396,458
|
|
Cash and cash equivalents balance, June 30, 1994........... .....................................................................
|
.. $337,001
|
$ 17,465
|
$ 354,466
|
|
The accompanying notes to general purpose financial statements are an integral part of these financial state
|
iments.
|
|
|
30
|
 |
