|
appropriations. The Revenue Stabilization Account is designed to retain State revenues for future needs and reduce
the need for future tax increases.
Portions of the Debt Service unreserved fund balance are designated for payment of the debt service on the
general long-term debt, Transportation debt and the Maryland Transportation Authority bond debt in the amounts
of $22,954,000, $33,650,000 and $36,617,000, respectively.
The Maryland Deposit Insurance Fund Corporation (MDIFC), an enterprise fund, has a retained earnings
deficit balance as of June 30,1994, of $142,979,000. This deficit balance is offset by capital deposits by members in
the amount of $144,224,000. Total capital for MDIFC is $1,245,000.
Primary Government Contributed Capital —
The changes in contributed capital of the enterprise funds for the year ended June 30, 1994, are as follows
(amounts expressed in thousands):
|
|
Economic
|
Development
|
|
|
|
|
Insurance
|
Loan
|
State Use
|
|
|
|
Programs
|
Programs
|
Industries
|
Total
|
|
Balance, July 1, 1993 ...................................................................................................
|
$71,545
|
$370,299
|
$1,696
|
$443,540
|
|
Contributions................................................................................................................
|
|
67,956
|
727
|
68,683
|
|
Depreciation on contributed assets ..........................................................................
|
|
|
(253)
|
(253)
|
|
Balance, June 30, 1994................................................................................................
|
$71,545
|
$438,255
|
$2,170
|
$511,970
|
^(/rupu'uvru, uwis—rruprwuxry J.ypv fwnus —
The changes in contributed capital of the component units, proprietary fund type for the year ended June 30,
1994 are as follows (amounts expressed in thousands):
|
|
Maryland
|
Maryland
|
|
|
|
Pood Center
|
Environmental
|
|
|
|
Authority
|
Service
|
Total
|
|
Balance, July 1, 1993.......................................................................................................................................
|
$461
|
$ 8,061
|
$ 8,522
|
|
Contributions .................................................................................................................................... ................
|
|
1,320
|
1,320
|
|
Depreciation on contributed assets..............................................................................................................
|
(12)
|
(1,323)
|
(1,335)
|
|
Balance, June 30, 1994....................................................................................................................................
|
$449
|
$ 8,058
|
$ 8,507
|
12. Segment Information:
Activity segments included in enterprise funds are described in Note IB. Selected financial information with
respect to these segments as of and for the year ended June 30, 1994, is as follows (amounts expressed in
thousands):
|
|
|
|
|
Segments
|
Savings and
|
|
|
|
Insurance
|
Loan
|
|
|
Loan Deposit
|
Stadium
|
|
|
Programs
|
Programs
|
Lottery
|
Manufacturing
|
Insurance
|
Authority
|
|
Operating revenues...............................................................
|
, $ 12,219
|
$ 207,442
|
$ 983,976
|
$23,454
|
$ 12,210
|
$ 22,466
|
|
Depreciation and amortization ..........................................
|
7
|
1,621
|
6,204
|
806
|
|
5,429
|
|
Operating income (loss) ......................................................
|
(12,716)
|
(15,339)
|
380,127
|
583
|
11,984
|
7,941
|
|
Operating interfund transfers:
|
|
|
|
|
|
|
|
In.........................................................................................
|
6
|
|
|
|
|
26,743
|
|
Out ......................................................................................
|
(6)
|
|
(379,779)
|
|
(18,600)
|
|
|
Net income (loss).................................................................
|
(12,716)
|
(14,588)
|
(760)
|
578
|
(586)
|
24,096
|
|
Current capital contributions.............................................
|
|
67,956
|
|
|
|
|
|
Property, plant, and equipment
|
|
|
|
|
|
|
|
Additions............................................................................
|
23
|
23
|
5,511
|
690
|
|
13,181
|
|
Deletions............................................................................
|
|
20
|
|
72
|
|
|
|
Total assets............................................................................
|
152,750
|
3,211,121
|
466,642
|
14,833
|
312,605
|
291,541
|
|
Bonds and other long-term liabilities payable from
|
|
|
|
|
|
|
|
operating revenues..........................................................
|
|
2,479,373
|
18,194
|
|
|
151,470
|
|
Total capital ..........................................................................
|
119,035
|
630,620
|
2,179
|
12,412
|
1,245
|
133,672
|
|
Net working capital .............................................................
|
106,273
|
973,027
|
(3,509)
|
9,189
|
89
|
24,447
|
60
|
 |
