|
Changes in the self-insurance liabilities during fiscal year 1999 were as follows (amounts expressed in thousands).
|
|
Beginning-of
|
Claims and
|
|
End-of
|
|
|
Fiscal-Year
|
Changes in
|
Claim
|
Fiscal-Year
|
|
|
Liability
|
Estimates
|
Payments
|
Liability
|
|
Property, Casualty and General Liability............................
|
................... $ 7,779
|
$ 8,951
|
$ 8,104
|
$ 8,626
|
|
Workers' Compensation ....................................................
|
................... 151,000
|
36,306
|
28,306
|
159,000
|
|
Employee Health Benefits.................................................
|
................... 32,123
|
306,241
|
299,049
|
39,315
|
|
Total Self-Insurance Costs .................................................
|
................... $190,902
|
$351,498
|
$335,459
|
$206,941
|
12. Equity:
Fund Balances/Retained Earnings -
Fund balances and retained earnings are reserved as follows (amounts expressed in thousands).
|
|
|
|
|
|
Fiduciary
|
|
|
|
|
|
Governmental
|
Fund Types
|
|
Fund Types
|
Component
|
Units
|
|
|
|
Special
|
Debt
|
Capital
|
Trust and
|
Higher
|
Proprietary
|
|
|
General
|
Revenue
|
Service
|
Projects
|
Agency
|
Education
|
Fund Types
|
|
Loans and Notes Receivable .................................
|
|
$ 11,843
|
$21,096
|
|
|
|
|
|
Loans to Component Units ..................................
|
$ 3,100
|
|
6,372
|
|
|
|
|
|
State Reserve Fund ...............................................
|
697,805
|
|
|
|
|
|
|
|
Encumbrances.......................................................
|
208,807
|
70,510
|
|
$328,718
|
|
$ 12,940
|
|
|
Agency Activities .................................................
|
162,771
|
21,732
|
|
|
|
|
$5,411
|
|
Shore Erosion Loan Program ...............................
|
|
|
|
11,954
|
|
|
|
|
Pension Benefits....................................................
|
|
|
|
|
$33,189,145
|
|
|
|
Deferred Compensation Benefits.. ........................
|
|
|
|
|
1,602,274
|
|
|
|
Unemployment Compensation Benefits ...............
|
|
|
|
|
949,089
|
|
|
|
Local Government Investment Pool .....................
|
|
|
|
|
701,271
|
|
|
|
Higher Education Programs .................................
|
|
|
|
|
|
105,379
|
|
|
Endowment Funds................................... .............
|
|
|
|
|
|
215,936
|
|
|
Debt and Plant Additions .....................................
|
|
|
|
|
|
143,672
|
|
|
Total reserved fund balance/retained earnings...
|
$1,072,483
|
$104,085
|
$27,468
|
$340,672
|
$36,441,779
|
$477,927
|
$5,411
|
Loans receivable maturing after June 30,2000, in the amount of $11,843,000 and $21,096,000 are not available for current
operations and, accordingly, have been reflected as reservations of the special revenue and debt service fund balance.
Portions of the general fund balance and the special revenue fund balance, in the amounts of $162,771,000 and $21,732,000
respectively, as of June 30, 2000, representing special budgetary and non-budgeted agency resources, were reserved for agency
activities and programs.
A portion of the general fund balance, in the amount of $697,805,000 as of June 30, 2000, has been reserved for the State
Reserve Fund. The State Reserve Fund is comprised of a Dedicated Purpose Account, an Economic Development Opportunities
Program Fund, a Catastrophic Event Fund and a Revenue Stabilization Account with balances as of June 30,2000, of $97,890,000,
$16,325,000, $1,728,000, and $581,862,000 respectively. The Dedicated Purpose Account is designed to retain appropriations for
major multi-year expenditures and to meet contingency requirements. The Economic Development Opportunities Program Fund
is to be used for extraordinary economic development opportunities and only as a supplement to existing programs. The Catastrophic
Event Fund is to be used to respond without undue delay to a natural disaster or other catastrophic event that cannot be managed
without appropriations. The Revenue Stabilization Account is designed to retain State revenues for future needs and reduce the
need for future tax increases.
A portion of the general fund unreserved fund balance is designated for fiscal year 2000 appropriations in the amount of
$784,457,000. Furthermore, portions of the debt service unreserved fund balance are designated for payment of the debt service on
the general long-term debt, Transportation debt and the Maryland Transportation Authority bond debt in the amounts of
$15,565,000, $4,343,000, and $78,642,000 respectively.
Restatement of beginningfand balance -
The beginning fund balance of the fiduciary fund types, expendable trust funds has been restated. The Deferred Compensation
Plan fund balance has been restated to reflect the accounting change to a fiscal year end date of December 31,1999. The amount
of the fund balance previously reported for the year ended June 30,1999, was $1,337,476,000. The amount of the change to reflect
the changed year end date was $44,687,000. The restated beginning fund balance is $1,382,163,000.
72
|
 |
