5. Taxes Receivable:
Taxes receivable, as of June 30, 1999, consist of the following (amounts expressed in thousands).
|
|
Funds
|
|
|
|
|
Special
|
Debt
|
Trust and
|
|
General
|
Revenue
|
Service
|
Agency
|
Income taxes ...........................................................................................................
|
$377,035
|
|
|
$181,594
|
Sales and use taxes...................................................................................................
|
222,428
|
|
|
|
Transportation taxes, principally motor vehicle fuel and excise ...................................
|
|
$75,852
|
|
|
Unemployment compensation taxes .........................................................................
|
|
|
|
93,049
|
Other taxes, principally alcohol & property ...............................................................
|
13,704
|
|
$6,339
|
|
Taxes receivable, net...............................................................................................
|
$613,167
|
$75,852
|
$6,339
|
$274,643
|
6. Due From/To Other Funds:
Interfund receivables and payables, as of June 30,1999, consist of the following (amounts expressed in thousands).
Receivable Fund
|
Payable Fund
|
Amount
|
General Fund
|
Special Revenue Fund — Maryland Department
|
|
|
of Transportation
|
$ 4,139
|
|
Pension Trust Fund — State Retirement System
|
11,271
|
|
Enterprise Fund — Loan Programs
|
1,647
|
|
Enterprise Fund — Maryland State Lottery Agency
|
32,939
|
|
Component Units — Maryland Stadium Authority
|
9,201
|
Special Revenue Fund — Maryland Department of
|
|
|
Transportation
|
General Fund
|
168,035
|
|
Enterprise Fund — Loan Programs
|
1,000
|
Special Revenue Fund —
|
Special Revenue Fund —
|
|
Maryland Transportation Authority
|
Maryland Department of Transportation
|
16,868
|
Enterprise Funds —
|
|
|
Economic Development —
|
|
|
— Insurance Programs
|
General Fund
|
100,293
|
— Loan Programs
|
General Fund
|
103,201
|
Maryland State Lottery Agency
|
General Fund
|
41,700
|
State Use Industries
|
General Fund
|
9,395
|
Pension Trust Fund —
|
|
|
State Retirement System
|
Mass Transit Administration Pension Plan
|
12,300
|
Agency Funds —
|
|
|
Local Income Taxes
|
General Fund
|
842,114
|
Payroll Taxes & Fringe Benefits
|
General Fund
|
1,948
|
Insurance Premium Taxes
|
General Fund
|
27,388
|
Local Transportation Funds and Other Taxes
|
General Fund
|
13,164
|
Components Units —
|
|
|
Higher Education Fund
|
General Fund
|
260,625
|
Maryland Stadium Authority
|
General Fund
|
1,130
|
Maryland Food Center Authority
|
General Fund
|
5,709
|
Maryland Industrial Development
|
|
|
Financing Authority
|
General Fund
|
34,916
|
7. Loans and Notes Receivable and Investment in Direct Financing Leases:
A. Loans and Notes Receivable:
Loans and notes receivable, as of June 30, 1999, consist of the following (amounts expressed in thousands).
|
|
Primary
|
Government
|
|
|
Component
|
Units
|
|
|
Special
|
Debt
|
Capital
|
|
Higher
|
Proprietary
|
|
General
|
Revenue
|
Service
|
Projects
|
Enterprise
|
Education
|
Fund Types
|
Notes receivable:
|
|
|
|
|
|
|
|
Political subdivisions —
|
|
|
|
|
|
|
|
Water quality projects ..............................................
|
|
|
$ 9,512
|
|
$ 280,529
|
|
|
Construction..............................................................
|
|
$15,351
|
5
|
|
|
|
|
Other..........................................................................
|
|
|
884
|
|
|
|
$6,827
|
Hospitals and nursing homes ......................................
|
|
|
12,790
|
|
|
|
|
Permanent mortgage loans ..........................................
|
|
|
|
|
2,302,326
|
|
|
Student and health profession loans ..............................
|
|
|
|
|
|
$66,360
|
|
Shore erosion loans .....................................................
|
|
|
|
$13,264
|
|
|
|
Other............................................................................
|
$1,484
|
|
|
|
|
3,320
|
|
|
1,484
|
15,351
|
23,191
|
13,264
|
2,582,855
|
69,680
|
6,827
|
Less: Allowance for possible loan losses ..........................
|
|
|
6
|
|
116,441
|
8,286
|
|
Loans and notes receivable, net ......................................
|
$1,484
|
$15,351
|
$23,185
|
$13,264
|
$2,466,414
|
$61,394
|
$6,827
|
Certain notes receivable for advances of general obligation bond proceeds bear interest at rates ranging from
4.3% to 9.2% and mature over approximately 29 years.
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