|
STATE OF MARYLAND
Schedule of Ratio of Annual Debt Service for General
Long-Term Debt to Total General Expenditures
Last Ten Fiscal Years
|
|
|
(Expressed
|
in Thousands)
|
|
Ratio of
|
|
|
|
|
Total
|
|
Debt Service
|
|
Fiscal
|
|
|
Debt
|
Total General
|
to General
|
|
Year
|
Principal
|
Interest
|
Service
|
Expenditures (1)
|
Expenditures
|
|
1999....................................................................................
|
$374,882
|
$228,748
|
$603,630
|
$14,579,431
|
4.14%
|
|
1998....................................................................................
|
364,154
|
229,148
|
593,302
|
13,566,389
|
4.37
|
|
1997....................................................................................
|
358,850
|
226,739
|
585,589
|
13,385,744
|
4.37
|
|
1996....................................................................................
|
370,675
|
231,324
|
601,999
|
12,824,033
|
4.69
|
|
1995....................................................................................
|
282,189
|
223,842
|
506,031
|
12,568,545
|
4.03
|
|
1994....................................................................................
|
229,725
|
237,554(2)
|
467,279
|
11,070,143
|
4.22
|
|
1993....................................................................................
|
251,539
|
236,614
|
488,153
|
10,542,462
|
4.63
|
|
1992....................................................................................
|
235,678
|
215,922
|
451,600
|
10,345,681
|
4.37
|
|
1991....................................................................................
|
276,131
|
201,025
|
477,156
|
10,224,347
|
4.67
|
|
1990....................................................................................
|
284,216
|
182,981
|
467,197
|
9,375,548
|
4.98
|
(1) Includes general, special revenue, debt service and capital projects funds.
(2) Includes payments made in advance to refunding escrow account.
Source: General Accounting Division, State Comptroller's Office.
STATE OF MARYLAND
Schedule of Taxes Pledged to Consolidated Transportation
Bonds and Net Revenues as Defined for Purposes of
Consolidated Transportation Bonds Coverage Tests (1)
Last Ten Fiscal Years
(Expressed in Thousands)
|
|
|
|
|
|
Year ended
|
June 30,
|
|
|
|
|
|
|
1999
|
1998
|
1997
|
1996
|
1995
|
1994
|
1993
|
1992
|
1991
|
1990
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Taxes and fees:
|
|
|
|
|
|
|
|
|
|
|
|
Taxes pledged to bonds ............
|
$ 934,051
|
$ 857,816
|
$839,928
|
$ 813,072
|
$ 771,765
|
$ 727,557
|
$ 633,974
|
$553,185
|
$535,131
|
$571,567
|
|
Other taxes and fees ................
|
214,483
|
198,101
|
196,044
|
187,558
|
216,995
|
198,356
|
234,828
|
181,459
|
160,437
|
187,225
|
|
Total taxes and fees ..............
|
1,148,534
|
1,055,917
|
1,035,972
|
1,000,630
|
988,760
|
925,913
|
868,802
|
734,644
|
695,568
|
758,792
|
|
Operating revenues ......................
|
267,946
|
241,357
|
218,874
|
203,891
|
212,767
|
198,618
|
162,751
|
160,544
|
160,014
|
147,538
|
|
Investment income........................
|
10,142
|
10,933
|
9,108
|
13,646
|
12,705
|
10,144
|
3,412
|
3,800
|
10,106
|
16,112
|
|
Other..............................................
|
15,486
|
14,228
|
9,913
|
21,670
|
7,613
|
11,620
|
11,229
|
11,984
|
8,238
|
6,888
|
|
Total revenues ......................
|
1,442,108
|
1,322,435
|
1,273,867
|
1,239,837
|
1,221,845
|
1,146,295
|
1,046,194
|
910,972
|
873,926
|
929,330
|
|
Administration, operation and
|
|
|
|
|
|
|
|
|
|
|
|
maintenance expenditures ............
|
868,439
|
808,439
|
769,977
|
784,816
|
709,180
|
689,029
|
623,929
|
564,351
|
580,628
|
544,268
|
|
Less: Federal funds ..........................
|
(20,472)
|
(11,530)
|
(19,966)
|
(21,520)
|
(17,567)
|
(21,904)
|
(19,279)
|
(16,991)
|
(19,969)
|
(16,791)
|
|
Total ......................................
|
847,967
|
796,909
|
750,011
|
763,296
|
691,613
|
667,125
|
604,650
|
547,360
|
560,659
|
527,477
|
|
Net revenues ........................
|
$ 594,141
|
$ 525,526
|
$ 523,856
|
$ 476,541
|
$ 530,232
|
$ 479,170
|
$ 441,544
|
$363,612
|
$313,267
|
$401,853
|
|
Maximum annual principal and
|
|
|
|
|
|
|
|
|
|
|
|
interest requirements ....................
|
$ 133,267
|
$ 133,267
|
$ 142,769
|
$ 140,269
|
$ 140,269
|
$ 136,032
|
$126,146
|
$118,198
|
$104,972
|
$69,034
|
|
Ratio of net revenues to maximum
|
|
|
|
|
|
|
|
|
|
|
|
annual principal and interest
|
|
|
|
|
|
|
|
|
|
|
|
requirements ..................................
|
4.46
|
3.94
|
3.67
|
3.40
|
3.78
|
3.52
|
3.50
|
3.08
|
2.98
|
5.82
|
|
Ratio of taxes pledged to bonds to
|
|
|
|
|
|
|
|
|
|
|
|
maximum annual principal and
|
|
|
|
|
|
|
|
|
|
|
|
interest requirements ....................
|
7.01
|
6.44
|
5.88
|
5.80
|
5.50
|
5.35
|
5.03
|
4.68
|
5.10
|
8.28
|
Source: The Secretary's Office of the Department of Transportation.
(1) Under the terms of the bond authorizing resolutions, additional Consolidation Transportation Bonds may be issued, provided, among other conditions,
that (i) total receipts, less administration, operation and maintenance expenditures for the proceeding fiscal year equal at least two times maximum an-
nual debt service on all Consolidated Transportation Bonds outstanding and to be issued and that (ii) total proceeds from pledged taxes equal at least two
times maximum annual debt service on all Consolidated Transportation Bonds outstanding and to be issued.
102
|
 |
