The amount of $1,549,588. representing advances from the General Fund, is a portion of the General
Fund Surplus Account, and although not in the State Treasury, is considered as cash receivable and due
from the various State departments, agencies, etc., and, therefore, represents unappropriated General
Fund Surplus.

Financial statements contained in this report are presented in general 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 conform fully to generally accepted accounting principles applicable to government fiscal opera-
tions, and have been set up to achieve both current and effective management reporting. To accom-
plish this, every effort has been made to utilize the most current and advanced technology and equipment
to maintain our accounting controls and 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 additional
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