|
STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30, 1994
(Expressed in Thousands)
|
|
Economic
Development
Insurance
Programs
|
Loan
Programs
|
Maryland
State
Lottery
Agency
|
State Use
Industries
|
Maryland
Deposit
Insurance
Fund
Corporation
|
Maryland
Stadium
Authority
|
Total
|
|
Operating revenues:
Lottery ticket sales ....................................................
Charges for services and sales. ...............................
|
$ 7,183
|
$ 2,828
|
$ 983,976
|
$23,454
|
|
$ 10,138
|
$ 983,976
43,603
|
|
Interest and other investment income ...................
|
4,844
|
202,845
|
|
|
|
|
207,689
|
|
Other.............................................................................
|
192
|
1,769
|
|
|
$ 12,210
|
12,328
|
26,499
|
|
Total operating revenues ......................................
|
12,219
|
207,442
|
983,976
|
23,454
|
12,210
|
. 22,466
|
1,261,767
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
Prizes and claims .......................................................
|
|
|
507,473
|
|
|
|
507,473
|
|
Commissions and bonuses .......................................
|
|
|
51,649
|
|
|
|
51,649
|
|
Cost of sales and services ........................................
|
|
|
|
19,055
|
|
|
19,055
|
|
Operation and maintenance of facilities ................
|
|
13,467
|
|
|
|
7,933
|
21,400
|
|
General and administrative ......................................
|
4,315
|
12,139
|
38,523
|
3,010
|
226
|
1,163
|
59,376
|
|
Interest.........................................................................
|
454
|
177,853
|
|
|
|
|
178,307
|
|
Depreciation and amortization. ...............................
|
7
|
1,621
|
6,204
|
806
|
|
5,429
|
14,067
|
|
Provision for insurance and loan losses................
|
20,159
|
10,031
|
|
|
|
|
30,190
|
|
Other.............................................................................
|
|
7,670
|
|
|
|
|
7,670
|
|
Total operating expenses......................................
|
24,935
|
222,781
|
603,849
|
22,871
|
226
|
14,525
|
889,187
|
|
Operating income (loss) ...................................
|
(12,716)
|
(15,339)
|
380,127
|
583
|
11,984
|
7,941
|
372,580
|
|
Non-operating revenues (expenses):
|
|
|
|
|
|
|
|
|
Investment income.....................................................
|
|
752
|
|
|
436
|
1,236
|
2,424
|
|
Interest expense .........................................................
|
|
|
(1,108)
|
|
|
(11,824)
|
(12,932)
|
|
Other.............................................................................
|
|
(1)
|
|
(5)
|
5,594
|
|
5,588
|
|
Income (loss) before transfers ............................
|
(12,716)
|
(14,588)
|
379,019
|
578
|
18,014
|
(2,647)
|
367,660
|
|
Operating transfers in ...................................................
|
6
|
|
|
|
|
26,743
|
26,749
|
|
Operating transfers out.................................................
|
(6)
|
|
(379,779)
|
|
(18,600)
|
|
(398,385)
|
|
Net income (loss)...................................................
|
(12,716)
|
(14,588)
|
(760)
|
578
|
(586)
|
24,096
|
(3,976)
|
|
Add: Depreciation of cost of assets acquired from
|
|
|
|
|
|
|
|
|
contributed capital.....................................................
|
|
|
|
253
|
|
|
253
|
|
Increase (decrease) in retained earnings...........
|
(12,716)
|
(14,588)
|
(760)
|
831
|
(586)
|
24,096
|
(3,723)
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|
Retained earnings (deficit), July 1, 1993....................
|
60,206
|
206,953
|
2,939
|
9,411
|
(142,393)
|
109,576
|
246,692
|
Retained earnings (deficit), June 30, 1994................. $ 47,490 $192,365 $ 2,179 $10,242 $(142,979) $133,672 $ 242,969
76
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