|
STATE OF MARYLAND
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings/Fund Balances
Enterprise Funds, Nonexpendable Trust
Fund and Pension Trust Fund
for the year ended June 30, 1989
(Expressed in Thousands)
|
|
Proprietary
Fund Type
|
Fiduciary
Fund
|
Types
|
|
|
|
|
|
|
Total
|
|
|
|
Nonexpendable
|
Pension
|
(Memorandum
|
|
|
Enterprise
|
Trust Fund
|
Trust Fund
|
Only)
|
|
Operating revenues:
|
|
|
|
|
|
Lottery ticket sales .................................................
|
$ 746,326
|
|
|
$ 746,326
|
|
Charges for services and sales ........................................
|
153,669
|
|
|
153,669
|
|
Contributions ......................................................
|
|
|
$ 710,148
|
710,148
|
|
Interest and other investment income ..................................
|
187,805
|
|
802,630
|
990,435
|
|
Other .............................................................
|
13,437
|
|
|
13,437
|
|
Total operating revenues ........................................
|
1,101,237
|
|
1,512,778
|
2,614,015
|
|
Operating expenses:
|
|
|
|
|
|
Prizes and claims ...................................................
|
350,758
|
|
|
350,758
|
|
Commissions and bonuses ............................................
|
37,753
|
|
|
37,753
|
|
Cost of sales and services ............................................
|
46,710
|
|
|
46,710
|
|
Operation and maintenance of facilities ................................
|
105,199
|
|
|
105,199
|
|
General and administrative ..........................................
|
58,695
|
|
10,819
|
69,514
|
|
Interest ...........................................................
|
138,841
|
|
|
138,841
|
|
Depreciation and amortization ........................................
|
5,272
|
|
|
5,272
|
|
Benefit payments and refunds ........................................
|
|
|
530,975
|
530,975
|
|
Provision for insurance and loan losses .................................
|
5,661
|
|
|
5,661
|
|
Other .............................................................
|
2,138
|
|
|
2,138
|
|
Total operating expenses ........................................
|
751,027
|
|
541,794
|
1,292,821
|
|
Operating income ..............................................
|
350,210
|
|
970,984
|
1,321,194
|
|
Non-operating revenues (expenses):
|
|
|
|
|
|
Investment income ..................................................
|
10,300
|
|
|
10,300
|
|
Interest expense ....................................................
|
(18,209)
|
|
|
(18,209)
|
|
Operating grants ...................................................
|
48,172
|
|
|
48,172
|
|
Other .............................................................
|
3,527
|
|
|
3,527
|
|
Operating income before transfers ................................
|
394,000
|
|
970,984
|
1,364,984
|
|
Operating transfers in ................................................
|
31,789
|
|
|
31,789
|
|
Operating transfers out ...............................................
|
(335,825)
|
|
|
(335,825)
|
|
Net income ....................................................
|
89,964
|
|
970,984
|
1,060,948
|
|
Add: Depreciation of cost of assets acquired from contributed capital .........
|
1,381
|
|
|
1,381
|
|
Increase in retained earnings/fund balance ...............................
|
91,345
|
|
970,984
|
1,062,329
|
|
Retained earnings/fund balance, July 1, 1988 .............................
|
793,527
|
$ 93,705
|
8,119,720
|
9,006,952
|
|
Removal of nonexpendable trust fund from reporting entity .................
|
|
(93,705)
|
|
(93,705)
|
|
Retained earnings/fund balance, June 30, 1989 ...........................
|
$ 884,872
|
$ -0-
|
$9,090,704
|
$9,975,576
|
The accompanying notes to general purpose financial statements are an integral part of these financial statements.
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