|
B. Investment in Direct Financing Leases:
As of June 30,1996, the Maryland Environmental Service (Service) has direct financing leases with the State of
Maryland. The present value of the direct financing leases as of June 30,1996 is $7,377,000. As of June 30,1996, the
Service held $7,415,000 to be spent to complete assets under these direct financing leases. Lease payments
receivable (including unearned interest) for each of the five succeeding fiscal years and thereafter, including
repayment of amounts to be spent, consist of the following (expressed in thousands).
|
1997.....................................................................................
|
$ 2,110
|
|
1998....................................................................
|
1,702
|
|
1999................................................................
|
1,292
|
|
2000...........................................................
|
1,291
|
|
2001.......................................................................
|
1,297
|
|
2002 and thereafter.............................................
|
14,371
|
|
Total...........................................................................................
|
22,063
|
|
Less: Unearned income ...............................................................................
|
7,271
|
|
|
14,792
|
|
Restricted investments related to unexpended bond proceeds .........................
|
7,415
|
|
Net investments in direct financing leases.........................................................
|
$ 7,377
|
As of June 30, 1996, the Maryland Stadium Authority (Authority) has direct financing leases with the State of
Maryland. The present value of the direct financing leases as of June 30,1996 is $206,019,000. As of June 30, 1996,
the Authority held $101,171,000 to be spent to complete assets under these direct financing leases. Lease payments
receivable (including unearned interest) for each of the five succeeding fiscal years and thereafter, including
repayment of amounts to be spent, consist of the following (expressed in thousands).
|
1997...................................................................................................
|
$ 22,029
|
|
1998..................................................................................................................................................................
|
24,465
|
|
1999.................................................................................................................................................................
|
25,063
|
|
2m..............................................................................
|
26,554
|
|
2001......................................................................................................................................................................
|
26,556
|
|
2002 and thereafter.......................................
|
515,557
|
|
Total................................................................
|
640,224
|
|
Less: Unearned income..................................................................................................................................................
|
333,034
|
|
|
307,190
|
|
Restricted investments related to unexpended bond proceeds..................... ............. ..................................
|
101,171
|
|
Net investments in direct financing leases....................................................................................................................
|
$206,019
|
8. Property, Plant and Equipment:
A. Enterprise Funds:
Property, plant and equipment of the Enterprise funds, as of June 30,1996, consists of the following (amounts
expressed in thousands).
|
Building and improvements.......................................................................................................................................
|
$ 717
|
|
Equipment .....................................................................................................................................................................
|
30,892
|
|
|
31,609
|
|
Less accumulated depreciation.................................................................................................................................
|
26,350
|
|
Total..............................................................
|
$ 5,259
|
B. General Fixed Assets:
General fixed assets activity by asset classification for the year ended June 30, 1996, follows (amounts
expressed in thousands).
|
|
Balance
|
|
|
Transfers
|
Balance
|
|
Classification
|
July 1, 1995
|
Additions
|
Deletions
|
in (out)
|
June 30, 1996
|
|
Land and improvements..................................................................................
|
$1,058,010
|
$162,200
|
$ (2,104)
|
$ 21,097
|
$1,239,203
|
|
Structure and improvements...........................................................................
|
5,532,973
|
273,001
|
(240)
|
(23,666)
|
5,782,068
|
|
Equipment..........................................................................................................
|
1,369,886
|
92,265
|
(45,495)
|
99,268
|
1,515,924
|
|
Construction in progress .................................................................................
|
412,859
|
278,673
|
|
(96,699)
|
594,833
|
|
Total.................................................................................................................
|
$8,373,728
|
$806,139
|
$(47,839)
|
$ ?
|
$9,132,028
|
53
|
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