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STATE OF MARYLAND
Combining Statement of Cash Flows
Component Unit Proprietary Funds
for the year ended June 30, 1994
(Expressed in Thousands)
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Maryland
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Maryland
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Higher
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Food
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Maryland
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Education
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Center
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Environmental
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Loan
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Authority
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Service
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Corporation
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Total
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Cash flows from operating activities:
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Operating income (loss).........................................................................................................................
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.. $ 26
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$ (152)
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$(24,437)
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$(24,564)
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Adjustments to reconcile operating income Qoss) to net cash provided (used) by operating
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activities:
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Depreciation and amortization ..........................................................................................................
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496
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3,778
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7
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4,281
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Changes in assets and liabilities:
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Decrease (increase) in assets:
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Intergovernmental receivables...................................................................................................
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416
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641
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1,057
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Other accounts receivable..........................................................................................................
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(4)
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(250)
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(18)
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(272)
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Due from other funds..................................................................................................................
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.. 3,499
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(3,662)
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(163)
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Other assets ..................................................................................................................................
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.. (197)
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(9,731)
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(9,928)
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Increase (decrease) in liabilities:
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Accounts payable and accrued liabilities ................................................................................
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(5)
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1,864
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(15)
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1,844
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Due to other funds......................................................................................................................
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(1,778)
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(1,778)
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Other liabilities.............................................................................................................................
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4,805
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63
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4,868
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Deferred revenue.........................................................................................................................
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(10)
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1,013
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1,003
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Accrued workers' compensation costs ....................................................................................
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3,092
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3,092
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Accrued annual leave..................................................................................................................
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7
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(14)
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(7)
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Net cash provided (used) by operating activities ......................................................................
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... 3,811
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2,030
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(26,408)
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(20,567)
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Cash flows from noncapital financing activities:
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Operating grants received.......................................................................................................................
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26,408
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26,408
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Contributed capital ..................................................................................................................................
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1,320
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1,320
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Net cash provided by noncapital financing activities................................................................
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1,320
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26,408
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27,728
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Cash flows from capital and related financing activities:
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Principal paid on notes payable and revenue bonds.........................................................................
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... (3,655)
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(18)
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(3,673)
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Interest payments.....................................................................................................................................
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... (243)
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(1,356)
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(1,599)
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Acquisition and construction of properly, plant and equipment.....................................................
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... (128)
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(5,832)
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(5,960)
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Net cash used by capital and related financing activities ........................................................
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... (4,026)
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(7,206)
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(11,232)
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Cash flows from investing activities:
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Interest and gains on investments ........................................................................................................
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129
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567
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696
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Other ..........................................................................................................................................................
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60
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60
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Net cash provided by investing activities....................................................................................
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129
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627
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756
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Net decrease in cash and cash equivalents................................................................................
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... (86)
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(3,229)
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(3,315)
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Cash and cash equivalents balance, July 1, 1993 ...................................................................................
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106
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20,674
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20,780
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Cash and cash equivalents balance, June 30, 1994 ................................................................................
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... $ 20
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$ 17,445
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$ 0
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$ 17,465
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The accompanying notes to general purpose financial statements are an integral part of these financial statements.
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