|
STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30, 1995
(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 ...................................................
|
|
|
$1,042,033
|
|
|
|
$1,042,033
|
|
Charges for services and sales ...............................
|
$8,638
|
$2,672
|
|
$28,276
|
|
$7,019
|
46,605
|
|
Interest and other investment income ..................
|
5,122
|
213,767
|
|
|
|
|
218,889
|
|
Other............................................................................
|
97
|
697
|
|
|
$10,793
|
23,559
|
35,146
|
|
Total operating revenues .....................................
|
13,857
|
217,136
|
1,042,033
|
28,276
|
10,793
|
30,578
|
1,342,673
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
Prizes and claims ......................................................
|
|
|
545,001
|
|
|
|
545,001
|
|
Commissions and bonuses ......................................
|
|
|
57,853
|
|
|
|
57,853
|
|
Cost of sales and services........................................
|
|
|
|
22,365
|
|
|
22,365
|
|
Operation and maintenance of facilities................
|
|
16,259
|
|
|
|
7,026
|
23,285
|
|
General and administrative .....................................
|
4,142
|
12,499
|
41,755
|
3,191
|
218
|
637
|
62,442
|
|
Interest.........................................................................
|
98
|
173,632
|
|
|
|
|
173,730
|
|
Depreciation and amortization ...............................
|
10
|
1,398
|
6,947
|
793
|
|
5,614
|
14,762
|
|
Provision for insurance and loan losses.................
|
9,415
|
8,494
|
|
|
|
|
17,909
|
|
Other............................................................................
|
|
6,933
|
|
|
|
|
6,933
|
|
Total operating expenses.......................................
|
13,665
|
219,215
|
651,556
|
26,349
|
218
|
13,277
|
924,280
|
|
Operating income (loss) ..................................
|
192
|
(2,079)
|
390,477
|
1,927
|
10,575
|
17,301
|
418,393
|
|
Non-operating revenues (expenses):
|
|
|
|
|
|
|
|
|
Investment income......................................................
|
1,855
|
1,063
|
|
|
157
|
2,015
|
5,090
|
|
Interest expense ........................................................
|
|
|
(1,241)
|
|
|
(11,968)
|
(13,209)
|
|
Operating grants........................................................
|
|
1,790
|
|
|
|
|
1,790
|
|
Other............................................................................
|
|
1,013
|
|
7
|
9,500
|
|
10,520
|
|
Income before transfers.......................................
|
2,047
|
1,787
|
389,236
|
1,934
|
20,232
|
7,348
|
422,584
|
|
Operating transfers in ..................................................
|
|
28,793
|
|
|
|
19,426
|
48,219
|
|
Operating transfers out..................................................
|
(714)
|
(1,306)
|
(385,078)
|
|
(25,019)
|
|
(412,117)
|
|
Net income (loss)..................................................
|
1,333
|
29,274
|
4,158
|
1,934
|
(4,787)
|
26,774
|
58,686
|
|
Add: Depreciation of cost of assets acquired from
|
|
|
|
|
|
|
|
|
contributed capital....................................................
|
|
|
|
245
|
|
|
245
|
|
Increase (decrease) in retained earnings..........
|
1,333
|
29,274
|
4,158
|
2,179
|
(4,787)
|
26,774
|
58,931
|
|
Retained earnings (deficit), July 1, 1994...................
|
47,490
|
192,365
|
2,179
|
10,242
|
(142,979)
|
133,672
|
242,969
|
|
Retained earnings (deficit), June 30, 1995................
|
$48,823
|
$221,639
|
$6,337
|
$12,421
|
($147,766)
|
$160,446
|
$ 301,900
|
78
|
 |
