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STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Enterprise Funds
for the year ended June 30,2000
(Expressed in Thousands)
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Economic
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Maryland
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Development
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State
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Insurance
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Loan
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Lottery
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State Use
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Programs
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Programs
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Agency
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Industries
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Total
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Operating revenues:
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Lottery ticket sales....... ......................................................................
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|
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$1,172,882
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$1,172,882
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Charges for services and sales ............................................................
|
$ 7,003
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$ 3,877
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|
$39,284
|
50,164
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Interest and other investment income..... .................................... .......
|
5,916
|
214,932
|
|
|
220,848
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Other.................................................................................................
|
34
|
6,284
|
|
|
6,318
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Total operating revenues .............................................................
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12,953
|
225,093
|
1,172,882
|
39,284
|
1,450,212
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Operating expenses:
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|
|
|
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Prizes and claims ...............................................................................
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|
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656,720
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|
656,720
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Commissions and bonuses .................................................................
|
|
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68,626
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|
68,626
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Cost of sales and services ...................................................................
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|
|
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31,006
|
31,006
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Operation and maintenance of facilities ............................................
|
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10,098
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|
|
10,098
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General and administrative....... .........................................................
|
521
|
11,359
|
39,946
|
5,113
|
56,939
|
|
Interest...............................................................................................
|
|
152,830
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|
|
152,830
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|
Depreciation and amortization ..........................................................
|
11
|
1,058
|
723
|
1,174
|
2,966
|
|
Provision for insurance and loan losses ..............................................
|
8,438
|
15,274
|
|
|
23,712
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Other.................................................................................................
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17,837
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17,837
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Total operating expenses .............................................................
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8,970
|
208,456
|
766,015
|
37,293
|
1,020,734
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Operating income ......................................................................
|
3,983
|
16,637
|
406,867
|
1,991
|
429,478
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Non-operating revenues (expenses):
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|
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Investment income ............................................................................
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2,299
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|
2,299
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Interest expense .................................................................................
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|
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(120)
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(120)
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Other.................................................................................................
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17,469
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|
6
|
17,475
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Income before transfers...............................................................
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3,983
|
36,405
|
406,747
|
1,997
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449,132
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Operating transfers in...........................................................................
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77,439
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77,439
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Operating transfers out.........................................................................
|
(2,732)
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(4,363)
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(401,013)
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(408,108)
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Net income.................................................................................
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1,251
|
109,481
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5,734
|
1,997
|
118,463
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Add: Depreciation of assets acquired from contributed capital.... .........
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|
|
|
249
|
249
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Increase in retained earnings.......................................................
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1,251
|
109,481
|
5,734
|
2,246
|
118,712
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Retained earnings, July 1, 1999.............................................................
|
25,013
|
449,571
|
810
|
18,009
|
493,403
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Retained earnings, June 30, 2000..........................................................
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$26,264
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$559,052
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$ 6,544
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$20,255
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$ 612,115
|
91
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