The amount of $1,273,884, representing advances from the General Fund, is a portion of the General
Fund Surplus Account, and although not in the State Treasury, is shown as cash receivable and due from
the various State departments, agencies, etc., and represents unappropriated General Fund Surplus.

Financial statements contained in this report are presented in accordance with standards of financial
reporting promulgated by the National Committee of Governmental Accounting through the Municipal
Finance Officers Association of the United States and Canada. Our accounting system and records con-
form fully to generally accepted accounting principles applicable to government fiscal operations, and
have been set up to achieve both current and effective management reporting. To accomplish this,
every effort has been made to utilize the most current and advanced technology and equipment to carry
out our procedures.

In my opinion the exhibits, and supporting statements and schedules, presented herein cover every
area of fiscal operations of our State Government which by Constitutional and Legislative mandate
have been entrusted to the office of the Comptroller of the State of Maryland. However, if any addi-
tional information relative to the contents of this report is desired, my co-workers and I will be most
pleased to furnish it to you.

LOUIS L. GOLDSTEIN

Comptroller