Federal Funds. The State's budgetary fund structure and the basis of accounting used for budgetary purposes,
which is the modified accrual basis with certain exceptions, differs from that utilized to present financial
statements in conformity with generally accepted accounting principles. A summarization of the effect of the
fund structure differences and exceptions to the modified accrual basis of accounting (amounts expressed in
thousands) as of June 30, 1983 follows:

				Financial	Statement Funds
								Higher
	Budgetary							Education
	Fund						Trust	and
	Equities		Special	Debt	Capital		and	University
	Total	General	Revenue	Service	Projects	Enterprise	Agency	Hospital
Classification of budgetary fund equities into
GAAP fund structure:
General ...................................	$ 52,870	$ 52,786			$ (273)	$ (5,722)	$ 194	$ 5,885
Special revenue ............................	349,270	42,978	$120,064	$143,489	8,917	20,269	20	13,533
Capital projects ............................	188,569				131,056	57,513
Other .....................................	851,435	32,248	3,969	355,948	2,038	74,418	364,940	17,874
Budgetary fund equities classified into GAAP
fund structure	$1,442,144	128,012	124,033	499,437	141,738	146,478	365,154	37,292
Additional net assets of agencies whose
accounting systems are not entirely
maintained by the Comptroller (a) ........						857,330	3,638,164	1,041,706
Accounting principle differences:
Assets recognized in the GAAP financial
statements not recognized for budgetary
purposes:
Intergovernmental receivables ............		9,133
Liabilities recognized in GAAP financial
statements not recognized for budgetary
purposes:
Accounts payable and accrued liabilities . . .		(24,268-)--
Deferred income tax revenue ..............		^15,706^
Local income taxes payable to local income
taxes agency fund .......................	C_	(148,408)
Payroll taxes payable to federal payroll
taxes expendable trust fund .............		(10,408)
GAAP financial statement fund equities,
June 30, 1983 ...........................		$(51,645)	$124,033	$499,437	$141,738	$1,003,808	$4,003,318	$1,078,998

(a) The State's accounting system is maintained by the Comptroller in compliance with State Law and in
accordance with the State's Budgetary Funds. In addition to the accounting systems maintained by the
Comptroller, certain individual agencies which are not subject to the State budget maintain accounting
systems which permit financial reporting on the basis of generally accepted accounting principles. These
agencies constitute all activities reported in the enterprise, trust and agency and higher education and
university hospital fund. In certain instances these agencies deposit funds with the State Treasurer and in
such instances accountability for such funds is maintained in the budgetary other fund.

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