|
|
|
|
Maryland
|
|
|
|
Maryland
|
|
Higher
|
|
|
|
Food
|
Maryland
|
Education
|
|
|
|
Center
|
Environmental
|
Loan
|
|
|
|
Authority
|
Service
|
Corporation
|
Total
|
|
Cash flows from operating activities:
|
|
|
|
|
|
Operating income (loss) ........................................................................................................
|
... $146
|
$(1,831)
|
$(23,191)
|
$(24,876)
|
|
Adjustments to reconcile operating income (loss) to net cash provided (used) by
|
|
|
|
|
|
operating activities:
|
|
|
|
|
|
Depreciation and amortization.........................................................................................
|
500
|
4,721
|
13
|
5,234
|
|
Changes in assets and liabilities:
|
|
|
|
|
|
Decrease (increase) in assets:
|
|
|
|
|
|
Intergovermental receivables ....................................................................................
|
|
|
(551)
|
(551)
|
|
Other accounts receivable.........................................................................................
|
(3)
|
(2,659)
|
(41)
|
(2,703)
|
|
Due from primary government.................................................................................
|
... (191)
|
|
25,699
|
25,508
|
|
Other assets.................................................................................................................
|
|
1,671
|
|
1,671
|
|
Increase (decrease) in liabilities:
|
|
|
|
|
|
Accounts payable and accrued liabilities ...............................................................
|
87
|
1,137
|
(290)
|
934
|
|
Due to primary government......................................................................................
|
|
(926)
|
|
(926)
|
|
Other liabilities............................................................................................................
|
|
(1,096)
|
(243)
|
(1,339)
|
|
Deferred revenue.........................................................................................................
|
8
|
|
(821)
|
(813)
|
|
Accrued self insurance costs ....................................................................................
|
9
|
(2,722)
|
|
(2,713)
|
|
Accrued annual leave.................................................................................................
|
14
|
(161)
|
|
(147)
|
|
Net cash provided (used) by operating activities .....................................................
|
570
|
(1,866)
|
575
|
(721)
|
|
Cash flows from noncapital financing activities:
|
|
|
|
|
|
Operating grants received......................................................................................................
|
|
|
25,925
|
25,925
|
|
Equity Transfer........................................................................................................................
|
|
|
(26,500)
|
(26,500)
|
|
Net cash used by noncapital financing activities.......................................................
|
|
|
(575)
|
(575)
|
|
Cash flows from capital and related financing activities:
|
|
|
|
|
|
Proceeds from notes payable and revenue bonds.............................................................
|
|
7,393
|
|
7,393
|
|
Principal paid on notes payable and revenue bonds........................................................
|
... (79)
|
(4,774)
|
|
(4,853)
|
|
Interest payments.....................................................................................................................
|
... (65)
|
(1,676)
|
|
(1,741)
|
|
Acquisition and construction of property, plant and equipment.....................................
|
|
(4,368)
|
|
(4,368)
|
|
Cash paid for equipment and building improvements......................................................
|
... (124)
|
|
|
(124)
|
|
Decrease in revenue bond debt service account ..............................................................
|
54
|
|
|
54
|
|
Lease principal payments received.......................................................................................
|
|
1,125
|
|
1,125
|
|
Proceeds from sale of property, plant and equipment.....................................................
|
|
349
|
|
349
|
|
Net cash used by capital and related financing activities .......................................
|
... (214)
|
(1,951)
|
|
(2,165)
|
|
Cash flows from investing activities:
|
|
|
|
|
|
Purchase of investments, (net).............................................................................................
|
|
(10,662)
|
|
(10,662)
|
|
Interest and gains on investments.......................................................................................
|
151
|
1,340
|
|
1,491
|
|
Increase in land held for resale............................................................................................
|
187
|
|
|
187
|
|
Decrease in interest receivable ............................................................................................
|
7
|
|
|
7
|
|
Net cash provided (used) by investing activities.......................................................
|
345
|
(9,322)
|
|
(8,977)
|
|
Net increase (decrease) in cash and cash equivalents..............................................
|
... 701
|
(13,139)
|
|
(12,438)
|
|
Cash and cash equivalents balance, July 1, 1994..................................................................
|
20
|
17,445
|
|
17,465
|
|
Cash and cash equivalents balance, June 30, 1995...............................................................
|
... $721
|
$4,306
|
$ —
|
$5,027
|
|
The accompaying notes to general purpose financial statements are an integral part of these fina
|
ncial statements.
|
|
|
|
