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STATE OF MARYLAND
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Component Unit Proprietary Funds
for the year ended June 30, 1996
(Expressed in Thousands)
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Maryland
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Maryland
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Industrial
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Maryland
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Food
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Maryland
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Development
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Stadium
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Center
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Environmental
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Financing
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Authority
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Authority
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Service
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Authority
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Total
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Operating revenues:
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Charges for services and sales......................................................................................
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.$ 12,479
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$ 3,192
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$50,216
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$ 205
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$ 66,092
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Other.......................................................................;...........................................................
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1,382
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174
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55
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1,611
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Total operating revenues............................................................................................
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. 13,861
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3,366
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50,216
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260
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67,703
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Operating expenses:
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Operation and maintenance of facilities... ...................................................................
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9,073
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41,589
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50,662
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General and administrative............................................................................................
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2,516
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2,254
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4,972
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925
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10,667
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Depreciation and amortization......................................................................................
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3,068
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459
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3,063
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6,590
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Other...................................................................................................................................
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209
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363
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1,245
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1,817
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Total operating expenses............................................................................................
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. 14,657
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2,922
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49,987
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2,170
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69,736
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Operating income (loss).............................................................................................
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(796)
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444
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229
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(1,910)
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(2,033)
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Non-operating revenues (expenses):
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Investment income...........................................................................................................
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. 13,746
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201
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850
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14,797
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Interest expense...............................................................................................................
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. (12,576)
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(59)
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(1,937)
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1,868
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(12,704)
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Other...................................................................................................................................
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407
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407
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Operating income before transfers ...........................................................................
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374
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586
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(451)
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(42)
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467
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Operating transfers in from primary government ..........................................................
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8,428
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8,428
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Operating transfers out to primary government.............................................................
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(912)
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(912)
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Net income (loss).........................................................................................................
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8,802
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586
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(451)
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(954)
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7,983
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Add: Depreciation of cost of assets acquired from contributed capital ....................
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12
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988
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1,000
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Increase (decrease) in retained earnings................. ................................................
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8,802
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598
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537
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(954)
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8,983
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Retained earnings, July 1, 1995 .........................................................................................
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. 160,446
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13,101
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4,966
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592
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179,105
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Cumulative effect of accounting change..........................................................................
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. (27,627)
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(27,627)
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Retained earnings (deficit), June 30, 1996.. .....................................................................
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.$ 141,621
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$13,699
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$ 5,503
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$ (362)
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$ 160,461
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The accompanying notes to the general purpose financial statements are an integral part of these financial statements.
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