|
receivable (including unearned interest) for each of the five succeeding fiscal years and thereafter, including
repayment of amounts to be spent, consist of the following (expressed in thousands).
|
1998........................................................................................................................................................................
|
$ 1,702
|
|
1999...........................................................................................................................................................................
|
1,292
|
|
2000...........................................................................................................................................................................
|
1,291
|
|
2001...........................................................................................................................................................................
|
1,297
|
|
2002......................................................................................
|
1,291
|
|
2003 and thereafter ........................................................................................................................................................
|
14,272
|
|
Total................................................................................................................................................
|
21,145
|
|
Less: Unearned income..........................................................................................................................................................
|
6,067
|
|
|
15,078
|
|
Restricted investments related to unexpended bond proceeds ............................................................................
|
5,972
|
|
Net investments in direct financing leases......................................................................................................................
|
$ 9,106
|
As of June 30, 1997, the Maryland Stadium Authority (Authority) has direct financing leases with the State of
Maryland. The present value of the direct financing leases as of June 30, 1997 is $258,087,000. As of June 30, 1997,
the Authority held $47,013,000 to be spent to complete assets under these direct financing leases. Lease payments
receivable (including unearned interest) for each of the five succeeding fiscal years and thereafter, including
repayment of amounts to be spent, consist of the following (expressed in thousands).
|
1998..................................................................................................................................................
|
$ 24,465
|
|
1999..........................................................................^
|
25,063
|
|
2000.............................................................................................................................................................................
|
26,554
|
|
2001...................................................................................
|
26,554
|
|
2002.........................................................................._
|
26,658
|
|
2003 and thereafter.........................................................................................................................................
|
488,899
|
|
Total..........................................................
|
618,193
|
|
Less: Unearned income...........................................................................................................................................
|
313,093
|
|
|
305,100
|
|
Restricted investments related to unexpended bond proceeds...... ........ ........................................................
|
47,013
|
|
Net investments in direct financing leases..............................................................................................................
|
$258,087
|
8. Property, Plant And Equipment:
A. Enterprise Funds:
Property, plant and equipment of the Enterprise funds, as of June 30, 1997, consists of the following (amounts
expressed in thousands).
Structure and improvements..................................................................................................................................... $ 814
Equipment ............................................................................................................................................................. 22,500
23,314
Less: accumulated depreciation......................................................................................................................................... 18,853
_______Tol^............................................................................................ $ 4,461_______
B. General Fixed Assets:
General fixed assets activity by asset classification for the year ended June 30, 1997, are as follows (amounts
expressed in thousands).
|
|
|
|
|
|
Balance
|
|
|
Balance
|
|
|
Transfers
|
June 30,
|
|
Classification
|
July 1,1996
|
Additions
|
Deletions
|
in (out)
|
1997
|
|
Land and improvements............................................................................
|
$1,239,203
|
$ 8,327
|
$ 652
|
$ 14,581
|
$1,261,459
|
|
Structure and improvements................... ................................................ ...........
|
5,782,068
|
164,691
|
8,984
|
24,823
|
5,962,598
|
|
Equipment..........................................................................................................
|
1,515,924
|
82,288
|
41,876
|
13,540
|
1,569,876
|
|
Construction in progress ...................................................................................
|
594,833
|
261,615
|
|
(52,944)
|
803,504
|
|
Total.........................................................................................................
|
$9,132,028
|
$516,921
|
$51,512
|
$-
|
$9,597,437
|
53
|
 |
