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STATE OF MARYLAND
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings/Fund Balances
Enterprise Funds, Pension Trust Funds and Component Unit Proprietary Funds
for the year ended June 30, 1995
(Expressed in Thousands)
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Total
Primary
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Total
Reporting
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|
|
|
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Government
|
Component Unit
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Entity
|
|
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Enterprise
|
Pension
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(Memorandum
|
Proprietary
|
(Memorandum
|
|
|
Funds
|
Trust Funds
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Only)
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Funds
|
Only)
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|
Operating revenues:
|
|
|
|
|
|
|
Lottery ticket sales ..................................................................
|
. $1,042,033
|
|
$1,042,033
|
|
$1,042,033
|
|
Charges for services and sales ..............................................
|
46,605
|
|
46,605
|
$45,454
|
92,059
|
|
Contributions ............................................................................
|
|
$ 790,078
|
790,078
|
|
790,078
|
|
Interest and other investment income .................................
|
,. 218,889
|
1,289,818
|
1,508,707
|
1,560
|
1,510,267
|
|
Other...........................................................................................
|
35,146
|
|
35,146
|
18,240
|
53,386
|
|
Total operating revenues ................................................
|
. 1,342,673
|
2,079,896
|
3,422,569
|
65,254
|
3,487,823
|
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Operating expenses:
|
|
|
|
|
|
|
Prizes and claims .....................................................................
|
. 545,001
|
|
545,001
|
|
545,001
|
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Commissions and bonuses .....................................................
|
57,853
|
|
57,853
|
|
57,853
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Cost of sales and services.......................................................
|
22,365
|
|
22,365
|
37,458
|
59,823
|
|
Operation and maintenance of facilities...............................
|
23,285
|
|
23,285
|
32,349
|
55,634
|
|
General and administrative ....................................................
|
62,442
|
28,531
|
90,973
|
14,879
|
105,852
|
|
Interest.........................................................................................
|
, 173,730
|
|
173,730
|
|
173,730
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|
Depreciation and amortization ..............................................
|
14,762
|
|
14,762
|
5,234
|
19,996
|
|
Benefit payments and refunds................................................
|
|
868,473
|
868,473
|
|
868,473
|
|
Provision for insurance and loan losses...............................
|
17,909
|
|
17,909
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|
17,909
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Other...........................................................................................
|
6,933
|
|
6,933
|
210
|
7,143
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Total operating expenses................................................
|
. 924,280
|
897,004
|
1,821,284
|
90,130
|
1,911,414
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|
Operating income (loss) .................................................
|
. 418,393
|
1,182,892
|
1,601,285
|
(24,876)
|
1,576,409
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|
Non-operating revenues (expenses):
|
|
|
|
|
|
|
Investment income....................................................................
|
5,090
|
|
5,090
|
1,335
|
6,425
|
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Interest expense ........................................................................
|
,. (13,209)
|
|
(13,209)
|
(1,741)
|
(14,950)
|
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Operating grants........................................................................
|
1,790
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|
1,790
|
25,925
|
27,715
|
|
Other...........................................................................................
|
10,520
|
|
10,520
|
156
|
10,676
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Operating income before transfers ...............................
|
,. 422,584
|
1,182,892
|
1,605,476
|
799
|
1,606,275
|
|
Operating transfers in .................................................................
|
48,219
|
|
48,219
|
|
48,219
|
|
Operating transfers out...............................................................
|
, (412,117)
|
|
(412,117)
|
|
(412,117)
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|
Net income........................................................................
|
58,686
|
1,182,892
|
1,241,578
|
799
|
1,242,377
|
|
Add: Depreciation of cost of assets acquired from
|
|
|
|
|
|
|
contributed capital....................................................................
|
245
|
|
245
|
3,082
|
3,327
|
|
Increase in retained earnings/fund balance..............................
|
58,931
|
1,182,892
|
1,241,823
|
3,881
|
1,245,704
|
|
Retained earnings/fund balance, July 1, 1994..........................
|
,. 242,969
|
15,110,387
|
15,353,356
|
30,578
|
15,383,934
|
|
Equity Transfer.............................................................................
|
|
|
|
(16,392)
|
(16,392)
|
|
Retained earnings/fund balance, June 30, 1995 ......................
|
,.$301,900
|
$16,293,279
|
$16,595,179
|
$18,067
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$16,613,246
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The accompanying notes to general purpose financial statements are an integral part of these financial statements.
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