|
STATE OF MARYLAND
Combined Statement of Cash Flows
Enterprise Funds and Component Unit Proprietary Funds
for the year ended June 30, 1997
(Expressed in Thousands)
|
|
Primary
|
Component
|
Total
|
|
|
Government
|
Unit
|
Entity
|
|
|
Enterprise
|
Proprietary
|
(Memorandum
|
|
|
Funds
|
Funds
|
Only)
|
|
Cash flows from operating activities:
|
|
|
|
|
Operating income.......................................................................................................................................
|
$ 384,308
|
$ 13,018
|
$ 397,326
|
|
Adjustments to reconcile operating income to net cash provided by
|
|
|
|
|
operating activities:
|
|
|
|
|
Depreciation and amortization............................................................................................................
|
2,851
|
8,379
|
11,230
|
|
Loss on disposal of property, plant and equipment ........................................................................
|
11
|
|
11
|
|
Effect of changes in assets and liabilites:
|
|
|
|
|
Intergovernmental receivables.........................................................................................................
|
216
|
|
216
|
|
Other accounts receivable................................................................................................................
|
7,732
|
(1,130)
|
6,602
|
|
Due from other funds/primary government ..................................................................................
|
(8,337)
|
3,123
|
(5,214)
|
|
Inventories...........................................................................................................................................
|
650
|
|
650
|
|
Loans and notes receivable..............................................................................................................
|
(79,277)
|
|
(79,277)
|
|
Other assets........................................................................................................................................
|
(9,946)
|
(125,263)
|
(135,209)
|
|
Accounts payable and accrued liabilites.. ......................................................................................
|
(2,384)
|
1,398
|
(986)
|
|
Due to other funds.............................................................................................................................
|
(2,870)
|
(912)
|
(3,782)
|
|
Accrued insurance and loan losses ................................................................................................
|
14,255
|
(717)
|
13,538
|
|
Other liabilities...................................................................................................................................
|
(1,365)
|
(1,221)
|
(2,586)
|
|
Deferred revenue................................................................................................................................
|
(1,534)
|
4
|
(1,530)
|
|
Accrued self insurance costs...........................................................................................................
|
2
|
(11)
|
(9)
|
|
Accrued annual leave........................................................................................................................
|
13
|
84
|
97
|
|
Lottery installment payments...............................................................................................................
|
(55,486)
|
|
(55,486)
|
|
Future lottery prize installments.........................................................................................................
|
32,985
|
|
32,985
|
|
Net cash provided (used) by operating activities ....................................................................
|
281,824
|
(103,248)
|
178,576
|
|
Cash flows from noncapital financing activities:
|
|
|
|
|
Proceeds from sale of revenue bonds....................................................................................................
|
285,466
|
|
285,466
|
|
Payment on revenue bonds......................................................................................................................
|
(389,419)
|
|
(389,419)
|
|
Revolving loan agreement........................................................................................................................
|
|
750
|
750
|
|
Operating transfers in...............................................................................................................................
|
41,966
|
|
41,966
|
|
Operating transfers in from primary government ................................................................................
|
|
17,792
|
17,792
|
|
Operating transfers out.............................................................................................................................
|
(398,840)
|
|
(398,840)
|
|
Operating transfers out to primary government...................................................................................
|
|
(870)
|
(870)
|
|
Contributed capital....................................................................................................................................
|
62,707
|
|
62,707
|
|
Net cash provided (used) by noncapital financing activities.................................................
|
(398,120)
|
17,672
|
(380,448)
|
|
Cash flows from capital and related financing activities:
|
|
|
|
|
Proceeds from notes payable and revenue bonds. ..............................................................................
|
|
1,723
|
1,723
|
|
Principal paid on notes payable and revenue bonds...........................................................................
|
(3,978)
|
(5,726)
|
(9,704)
|
|
Interest payments.......................................................................................................................................
|
(435)
|
(16,075)
|
(16,510)
|
|
Acquisition and construction of property, plant and equipment.......................................................
|
(806)
|
(59,198)
|
(60,004)
|
|
Decrease in revenue bond debt service account .................................................................................
|
|
135
|
135
|
|
Proceeds from property, plant and equipment sales. ..........................................................................
|
|
97,045
|
97,045
|
|
Net cash provided (used) by capital and related financing activities..................................
|
(5,219)
|
17,904
|
12,685
|
|
Cash flows from investing activities:
|
|
|
|
|
Purchase of investments...........................................................................................................................
|
(175,815)
|
(785)
|
(176,600)
|
|
Proceeds from maturity and sale of investments.................................................................................
|
169,825
|
53,785
|
223,610
|
|
Interest and gains on investments ..........................................................................................................
|
4,443
|
9,462
|
13,905
|
|
Purchase of land held for resale.............................................................................................................
|
|
(253)
|
(253)
|
|
Proceeds from loans and notes receivable ...........................................................................................
|
|
472
|
472
|
|
Lease principal interest payments received ...................................................................................
|
|
1,391
|
1,391
|
|
Net cash provided (used) by investing activities .....................................................................
|
(1,547)
|
64,072
|
62,525
|
|
Net decrease in cash and cash equivalents................................... ............................................
|
(123,062)
|
(3,600)
|
(126,662)
|
|
Cash and cash equivalents balance, July 1, 1996. ....................................................................................
|
286,765
|
33,010
|
319,775
|
|
Cash and cash equivalents balance, June 30, 1997..................................................................................
|
. $ 163,703
|
$ 29,410
|
$ 193,113
|
The accompanying notes to the general purpose financial statements are an integral part of these financial statements.
31
|
 |
