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STATE OF MARYLAND
Combining Statement of Cash Flows
Enterprise Funds
for the year ended June 30,1996
(Expressed in Thousands)
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Economic
Development
Insurance
Programs
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Loan
Programs
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Maryland
State
Lottery
Agency
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State Use
Industries
|
Maryland
Deposit
Insurance
Fund
Corporation
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Total
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Cash flows from operating activities:
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|
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|
|
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Operating income................... ............................................................
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$ 287
|
$ 4,740
|
$ 387,125
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$ 1,451
|
$ 8
|
$ 393,611
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|
Adjustments to reconcile operating income to net cash
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|
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|
provided by operating activities:
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|
|
|
|
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Depreciation and amortization ....................................................
|
9
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1,385
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7,277
|
793
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|
9,464
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|
Loss on disposal of property, plant and equipment ................
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|
18
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5,696
|
1
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|
5,715
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Changes in assets and liabilities:
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Decrease (increase) in assets:
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|
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Intergovernmental receivables ...............................................
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745
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|
745
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Other accounts receivable... .................................................
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(2,388)
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(3,516)
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(11,693)
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(164)
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19,771
|
2,010
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Due from other funds............................................................
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(55,857)
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37,703
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3,534
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(767)
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(15,387)
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Inventories...................... .........................................................
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(750)
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(750)
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Loans and notes receivable. .................................................
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(2,063)
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(150,123)
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1,842
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(150,344)
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Other assets ............................................................................
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(3,729)
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9,095
|
25
|
(27)
|
3,931
|
9,295
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|
Increase (decrease) in liabilities:
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|
|
|
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Accounts payable and accrued liabilities ..........................
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1,872
|
1,424
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(778)
|
558
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(11)
|
3,065
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Due to other funds.................................................................
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(712)
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428
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2,076
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(19,319)
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(17,527)
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Accrued insurance and loan losses ....................................
|
643
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(212)
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(301,500)
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(301,069)
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Other liabilities.......................................................................
|
458
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1,398
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1,856
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Deferred revenue....................................................................
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(71)
|
796
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(1,076)
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(174)
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(306)
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(831)
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Accrued self-insurance costs ...............................................
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(18)
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(93)
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(111)
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Accrued annual leave ............................................................
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(32)
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35
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|
3
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Lottery installment payments.......................................................
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(50,603)
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(50,603)
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Future lottery prize installments. ................................................
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53,687
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53,687
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Net cash provided (used) by operating activities ........
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(61,551)
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(96,169)
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395,270
|
863
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(295,584)
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(57,171)
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Cash flows from noncapital financing activities:
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Proceeds from sale of revenue bonds............................................
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130,002
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130,002
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Payment on revenue bonds.................... ..........................................
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(164,459)
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(164,459)
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Operating transfers in .......................................................................
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30,531
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30,531
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Operating transfers out............... ......................................................
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(1,730)
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(389,909)
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(391,639)
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Contributed capital ............................................................................
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50,269
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|
5
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50,274
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Decrease in loans from other funds..... ..........................................
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(378)
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(378)
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Residual equity transfers ..................................................................
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(404)
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(404)
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Net cash provided (used) by noncapital financing
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|
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activities...........................................................................
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44,613
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(389,909)
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(373)
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(404)
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(346,073)
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Cash flows from capital and related financing activities:
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Principal paid on notes payable.. ....................................................
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(4,625)
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(4,625)
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Acquisition and construction of property, plant and equipment
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(31)
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(39)
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(489)
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(559)
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Payment of capital lease obligations............. .................................
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(3,678)
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(3,678)
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Net cash used by capital and related financing
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|
|
|
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activities...........................................................................
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(31)
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(39)
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(8,303)
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(489)
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(8,862)
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Cash flows from investing activities:
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Purchase of investments....... ............................................................
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(1,376)
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(144,442)
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(46,923)
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(192,741)
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Proceeds from maturity and sale of investments.........................
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250,843
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50,603
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301,446
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Interest and gains on investments ..................................................
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|
1,008
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|
|
7
|
1,015
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Decrease in deposits .........................................................................
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295,900
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295,900
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Net cash provided (used) by investing activities .........
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(1,376)
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107,409
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3,680
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295,907
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405,620
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Net increase (decrease) in cash and cash equivalents
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(62,958)
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55,814
|
738
|
1
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(81)
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(6,486)
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Cash and cash equivalents balance, July 1, 1995 .............................
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62,958
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230,115
|
90
|
7
|
81
|
293,251
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Cash and cash equivalents balance, June 30, 1996................... .......
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$ ?
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$ 285,929
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$ 828
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$ 8
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$ ?
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$ 286,765
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The accompanying notes to the general purpose financial statements are an integral part of these financial statements.
78
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