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STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Component Unit Proprietary Funds
for the year ended June 30, 1997
(Expressed in Thousands)
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Maryland
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Maryland
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Industrial
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Maryland
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Food
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Maryland
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Development
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Stadium
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Center
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Environmental
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Financing
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Authority
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Authority
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Service
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Authority
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Total
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Operating revenues:
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Charges for services and sales .......................................................................................
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..$ 29,016
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$ 4,032
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$57,181
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$ 113
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$ 90,342
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Other....................................................................................................................................
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2,115
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15
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73
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2,203
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Total operating revenues .............................................................................................
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.. 31,131
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4,047
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57,181
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186
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92,545
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Operating expenses:
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Operation and maintenance of facilities.......................................................................
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.. 10,288
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47,909
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58,197
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General and administrative.............................................................................................
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2,510
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2,061
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5,126
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713
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10,410
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Depreciation and amortization.......................................................................................
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4,970
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496
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2,913
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8,379
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Other....................................................................................................................................
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184
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531
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1,826
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2,541
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Total operating expenses.............................................................................................
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.. 17,768
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2,741
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56,479
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2,539
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79,527
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Operating income (loss)..............................................................................................
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.. 13,363
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1,306
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702
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(2,353)
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13,018
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Non-operating revenues (expenses):
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Investment income............................................................................................................
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6,897
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289
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722
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1,554
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9,462
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Interest expense................................................................................................................
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.. (13,978)
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(56)
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(2,041).
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(16,075)
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Other....................................................................................................................................
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100
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100
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Income (loss) before transfers ...................................................................................
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6,282
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1,539
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(517)
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(799)
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6,505
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Operating transfers in from primary government ...........................................................
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.. 17,792
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17,792
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Operating transfers out to primary government..............................................................
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(870)
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(870)
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Net income (loss)..........................................................................................................
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.. 24,074
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1,539
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(517)
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(1,669)
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23,427
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Add: Depreciation of assets acquired from contributed capital...................................
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12
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869
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881
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Increase (decrease) in retained earnings..... .............................................................
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.. 24,074
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1,551
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352
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(1,669)
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24,308
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Retained earnings (deficit), July 1, 1996.......................... .................................................
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... 141,621
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13,699
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5,503
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(362)
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160,461
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Retained earnings (deficit), June 30, 1997........................................................................
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...$ 165,695
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$15,250
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$ 5,855
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$(2,031)
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$184,769
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The accompanying notes to the general purpose financial statements are an integral part of these financial statements.
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