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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 30,2000
(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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Maryland
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Food
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Maryland
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Development
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Prepaid
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Stadium
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Center
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Environmental
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Financing
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College
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Authority
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Authority
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Service
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Authority
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Trust
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Total
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Operating revenues:
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Charges for services and sales ............................................
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$ 24,128
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$ 2,970
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$50,539
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$ 133
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$ 157
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$ 77,927
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Tuition contracts ................. ...... .........................................
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13,477
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13,477
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Other..................................................................................
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311
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11
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276
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4,619
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5,217
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Total operating revenues .............................................
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24,439
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2,981
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50,539
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409
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18,253
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96,621
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Operating expenses:
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Operation and maintenance of facilities. ............................
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24,929
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39,975
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64,904
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General and administrative. ................... ............................
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2,581
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2,303
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6,358
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643
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417
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12,302
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Depreciation and amortization ..........................................
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9,523
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515
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2,251
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10
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12,299
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Provision for insurance on loan losses, net .........................
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(582)
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(582)
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Tuition benefits ..................................................................
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15,666
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15,666
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Other.................................................................................
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188
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815
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708
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1,711
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Total operating expenses .............................................
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37,033
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3,006
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49,399
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61
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16,801
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106,300
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Operating income (loss) ..............................................
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(12,594)
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(25)
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1,140
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348
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1,452
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(9,679)
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Non-operating revenues (expenses):
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Investment income..... ........................................................
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709
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423
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1,059
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2,073
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578
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4,842
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Interest expense. ....... ..........................................................
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(20,408)
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(33)
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(1,623)
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(22,064)
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Other.................................................................................
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1,000
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47
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(4)
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1,302
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2,345
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Income (loss) before transfers .....................................
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(31,293)
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412
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572
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2,421
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3,332
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(24,556)
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Operating transfers in from primary government.................
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27,710
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2,650
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420
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30,780
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Operating transfers out to primary government ...................
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(816)
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(816)
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Net income (loss) ........................................................
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(3,583)
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412
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572
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4,255
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3,752
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5,408
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Add: Depreciation of assets acquired from contributed capital-
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12
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226
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238
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Increase (decrease) in retained earnings ......................
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(3,583)
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424
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798
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4,255
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3,752
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5,646
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Retained earnings, July 1, 1999.............................................
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215,927
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15,684
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5,791
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6,064
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243,466
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Retained earnings, June 30, 2000..........................................
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$212,344
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$16,108
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$ 6,589
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$10,319
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$ 3,752
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$249,112
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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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