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Report of the Comptroller, 1997-98
Volume 197, Page 67   View pdf image (33K)
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Portions of the general fund balance and the special revenue fund balance, in the amounts of $187,568,000 and
$29,076,000 respectively, as of June 30, 1998, representing special budgetary and nonbudgeted agency resources,
were reserved for agency activities and programs.
A portion of the general fund balance, in the amount of $699,154,000 as of June 30, 1998, 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, Citizen Tax Reduction and Reserve
Account and a Revenue Stabilization Account with balances as of June 30, 1998, of $58,900,000, $9,330,000,
$3,001,000, $10,010,000 and $617,913,000 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 prograins. 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 1998 appropriations in the
amount of $302,737,000. 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 $28,765,000, $5,865,000, and $79,899,000 respectively.
Primary Government Contributed Capital —
The changes in contributed capital of the enterprise funds for the year ended June 30, 1998, are as follows
(amounts expressed in thousands).


Economic Dev
elopment
Loan
State Use

Balance, July 1,1997................................................
Contributions...........................................................
Depreciation on contributed assets...........................................................
Balance, June 30,1998.................................................
Programs
$48,295
$48,295
Programs
$594,495
15,705
$610,200
Industries
$ 1,475
4
(252)
$ 1,227
Total
$644,265
15,709
(252)
$659,722

Component Units—Proprietary Type Funds—
The changes in contributed capital of the component units, proprietary fund type for the year ended June 30,
1998, are as follows (amounts expressed in thousands).


Maryland
Food Center
Authority
Maryland
Environmental
Service
Maryland Industrial
Development Financing
Authority
Total

Balance, July 1,1997.....................................................
Depreciation on contributed assets.............................................................
Balance, June 30,1998..........................................................
$412
(12)
$400
$3,631
(928)
$2,703
$23,750
$23,750
$27,793
(940)
$26,853


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Report of the Comptroller, 1997-98
Volume 197, Page 67   View pdf image (33K)
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