|
STATE OF MARYLAND
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings
Enterprise Funds and Component Unit Proprietary Funds
for the year ended June 30, 1996
(Expressed in Thousands)
|
|
|
|
Total
Reporting
|
|
|
|
Component Unit
|
Entity
|
|
|
Enterprise
|
Proprietary
|
(Memorandum
|
|
|
Funds
|
Funds
|
Only)
|
|
Operating revenues:
|
|
|
|
|
Lottery ticket sales..............................................................................................................................
|
$1,114,422
|
|
$1,114,422
|
|
Charges for services and sales .........................................................................................................
|
41,814
|
$ 66,092
|
107,906
|
|
Interest and other investment income .............................................................................................
|
.. 231,345
|
|
231,345
|
|
Other........................................................_
|
2,659
|
1,611
|
4,270
|
|
Total operating revenues ...........................................................................................................
|
.. 1,390,240
|
67,703
|
1,457,943
|
|
Operating expenses:
|
|
|
|
|
Prizes and claims................................................................................................................................
|
.. 609,373
|
|
609,373
|
|
Commissions and bonuses ................................................................................................................
|
61,749
|
|
61,749
|
|
Cost of sales and services .................................................................................................................
|
24,039
|
|
24,039
|
|
Operation and maintenance of facilities.........................................................................................
|
11,422
|
50,662
|
62,084
|
|
General and administrative...............................................................................................................
|
.. 69,486
|
10,667
|
80,153
|
|
Interest..................................................................................................................................................
|
.. 177,559
|
|
177,559
|
|
Depreciation and amortization.........................................................................................................
|
9,464
|
6,590
|
16,054
|
|
Provision for insurance and loan losses...............................................................................
|
17,821
|
|
17,821
|
|
Otiier............................................................................................................................
|
15,716
|
1,817
|
17,533
|
|
Total operating expenses. ..........................................................................................................
|
.. 996,629
|
69,736
|
1,066,365
|
|
Operating income (loss)............................................................................................................
|
.. 393,611
|
(2,033)
|
391,578
|
|
Non-operating revenues (expenses):
|
|
|
|
|
Investment income..............................................................................................................................
|
1,015
|
14,797
|
15,812
|
|
Interest expense..................................................................................................................................
|
(834)
|
(12,704)
|
(13,538)
|
|
Olfter.............................................................?
|
3,932
|
407
|
4,339
|
|
Operating income before transfers ..........................................................................................
|
.. 397,724
|
467
|
398,191
|
|
Operating transfers in............................................................................................................................
|
30,531
|
|
30,531
|
|
Operating transfers in from primary government .............................................................................
|
|
8,428
|
8,428
|
|
Operating transfers out..........................................................................................................................
|
.. (391,639)
|
|
(391,639)
|
|
Operating transfers out to primary government................................................................................
|
|
(912)
|
(912)
|
|
Net income...................................................................................................................................
|
36,616
|
7,983
|
44,599
|
|
Add: Depreciation of cost of assets acquired from contributed capital .......................................
|
247
|
1,000
|
1,247
|
|
Increase in retained earnings................................................................................................................
|
36,863
|
8,983
|
45,846
|
|
Retained earnings, as restated..............................................................................................................
|
... 284,585
|
179,105
|
463,690
|
|
Residual equity transfer.........................................................................................................................
|
(404)
|
|
(404)
|
|
Cumulative effect of accounting change.............................................................................................
|
|
(27,627)
|
(27,627)
|
|
Retained earnings, June 30, 1996 .........................................................................................................
|
...$ 321,044
|
$ 160,461
|
$ 481,505
|
The accompanying notes to the general purpose financial statements are an integral part of these financial statements.
29
|
 |
