|
|
Total
|
|
|
|
|
|
|
|
|
|
|
Budgetary
|
|
|
|
|
|
|
|
|
|
|
Fund
|
|
|
|
Financial
|
Statement
|
Funds
|
|
|
|
|
Equities
|
|
|
|
|
|
|
|
|
|
|
and Other
|
|
|
|
|
|
TVnict
|
Componen
|
t Units
|
|
|
Accounts
|
|
Special
|
Debt
|
Capital
|
|
and
|
Higher Pr
|
oprietary
|
|
|
June 30, 1994
|
General
|
Revenue
|
Service
|
Projects
|
Enterprise
|
Agency
|
Education
|
Funds
|
|
Classification of budgetary fund equities
|
|
|
|
|
|
|
|
|
|
|
and other accounts into GAAP fund
|
|
|
|
|
|
|
|
|
|
|
structure:
|
|
|
|
|
|
|
|
|
|
|
General........................................................
|
$ 292,723
|
$292,723
|
|
|
|
|
|
|
|
|
Special.........................................................
|
617,569
|
164,388
|
$259,181
|
$ 64,768
|
$17,196
|
$112,036
|
|
|
|
|
Current unrestricted .................................
|
128,141
|
|
|
|
|
|
|
$ 128,141
|
|
|
Current restricted......................................
|
3,455
|
|
|
|
|
|
|
3,455
|
|
|
Other accounts (a):
|
|
|
|
|
|
|
|
|
|
|
Non-budgeted.........................................
|
287,295
|
46,935
|
203,056
|
36,617
|
34
|
653
|
|
|
|
|
Debt service transportation bonds.....
|
33,650
|
|
|
33,650
|
|
|
|
|
|
|
Capital projects .....................................
|
170,145
|
|
|
|
72,570
|
97,575
|
|
|
|
|
Enterprise ...............................................
|
688,899
|
|
|
|
|
688,899
|
|
|
|
|
Expendable trust...................................
|
459,743
|
|
|
|
|
|
$ 459,743
|
|
|
|
Pension trust..........................................
|
15,110,387
|
|
|
|
|
|
15,110,387
|
|
|
|
Component Units:
|
|
|
|
|
|
|
|
|
|
|
Higher education...............................
|
2,322,429
|
|
|
|
|
|
|
2,322,429
|
|
|
Proprietary funds ..............................
|
39,085
|
|
|
|
|
|
|
|
$39,085
|
|
Budgetary fund equities and other
|
|
|
|
|
|
|
|
|
|
|
accounts classified into GAAP fund
|
|
|
|
|
|
|
|
|
|
|
structure:.....................................................
|
$20,153,521
|
504,046
|
462,237
|
135,035
|
89,800
|
899,163
|
15,570,130
|
2,454,025
|
39,085
|
|
Accounting principle differences:
|
|
|
|
|
|
|
|
|
|
|
Assets recognized in the GAAP
|
|
|
|
|
|
|
|
|
|
|
financial statements not recognized
|
|
|
|
|
|
|
|
|
|
|
for budgetary purposes:
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents ..................
|
|
45
|
|
|
|
|
|
|
|
|
Intergovernmental receivables............
|
|
6,166
|
|
|
|
|
|
|
|
|
Other accounts receivable .................. .
|
|
(582)
|
|
|
|
|
|
|
|
|
Other assets ...........................................
|
|
(88)
|
|
|
|
|
|
|
|
|
Liabilities recognized in GAAP financial
|
|
|
|
|
|
|
|
|
|
|
statements not recognized for
|
|
|
|
|
|
|
|
|
|
|
budgetary purposes:
|
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued
|
|
|
|
|
|
|
|
|
|
|
liabilities..............................................
|
|
22,580
|
|
|
|
|
|
|
|
|
Local income taxes payable to local
|
|
|
|
|
|
|
|
|
|
|
income taxes agency fund...............
|
|
(46,966)
|
|
|
|
|
|
|
|
|
Deferred revenue...................................
|
|
19,915
|
|
|
|
|
|
|
|
|
Loans from other funds .......................
|
|
|
(75,000)
|
|
|
|
|
|
|
|
GAAP financial statement fund equities,
June 30, 1994 .............................................
|
|
$505,116
|
$387,237
|
$135,035
|
$89,800
|
$899,163
|
$15,570,130
|
$2,454,025
|
$39,085
|
(a) The State's accounting system is maintained by the Comptroller in compliance with State Law and in
accordance with the State's Budgetary Funds. In addition to the accounting system maintained by the Comptroller,
certain individual agencies, which are not subject to the State's budget, maintain accounting systems which must
be included to properly present the State's financial reporting hi accordance with generally accepted accounting
principles.
4. Cash and Cash Equivalents and Investments:
Substantially all cash and cash equivalents of the governmental fund types and certain enterprise and fiduciary
funds are maintained by the State Treasurer on a pooled basis. The State Treasurer's Office invests short-term cash
balances on a daily basis. The investments consist of purchases of securities or repurchase agreements. Under the
State Finance and Procurement Article of the Annotated Code of Maryland, Title 6, Subtitle 2, the State Treasurer
may only invest in the following:
• Any obligation for which the United States Government has pledged its faith and credit for the payment of
principal and interest.
• Any obligation that a United States federal agency issues in accordance with an act of Congress,
• Repurchase agreements that any of these obligations secure.
• Banker's acceptances.
• Mutual funds that invest solely in United States federal obligations.
A significant portion of the investments maintained by the State Treasurer consist of repurchase agreements.
Collateral, which must be at least 102% of the book value of the repurchase agreement, must be delivered to the
46
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