Changes in the pension fund balances (amounts expressed in thousands) for the year ended June 30,1984,
were as follows:

	Fund	Balance (a)
	Employee	Retirement
	Annuity	Accumulation
	Savings (b)	Fund (c)
Balance, July 1, 1983 ................................	$956,591	$2,472,826
Increases:
Member contributions..............................	89,495
Employer contributions ............................		448,436
Investment and other income .......................		199,464
Decreases:
Benefit payments ..................................		(338,913)
Refunds ...........................................	(29,953)
Administrative expenses .............................		(5,911)
Transfers to the Employee Annuity Savings Fund for
interest credited to members' accounts ..............	38,101	(38,101)
Transfers to the Retirement Accumulation Fund for
contributions of retiring members ...................	(68,900)	68,900
Balance, June 30, 1984 ..............................	$985,334	$2,806,701

(a) The consulting actuary annually determines the changes in fund balances resulting from tranfers of
employees from the Employees' and Teachers' Retirement Systems to the Employees' and Teachers' Pension
Systems and allocations of investment income. Such changes for the year ended June 30, 1984, will be
determined as a result of an uncompleted actuarial valuation as of July 1,1984, and, accordingly, the amounts
of such changes will be included in the financial statements for the year ending June 30, 1985.

(b) Contributions made by members together with interest thereon are credited to the Employee Annuity
Savings Fund.

(c) Contributions made by the employer and investment income thereon are credited to the Retirement
Accumulation Fund.

15. Contributed Capital:

The changes in contributed capital of the enterprise funds (amounts expressed in thousands) for the year
ended June 30, 1984, are as follows:

	Economic E	levelopment
			- Maryland	Maryland
	Insurance	Loan	Transportation	Environmental	State Use
	Programs	Programs	Authority	Service	Industries	Total
Balance, July 1, 1983 ..................	$54,495	$ 96,173	$ 4,331	$30,449	$ 421	$185,869
Contributions ..........................	4,000	16,980		5,913		26,893
Loss on sale of contributed assets .......					(12)	(12)
Depreciation on contributed assets ......		(91)			(8)	(99)
Balance, June 30, 1984 .................	$58,495	$113,062	$ 4,331	$36,362	$ 401	$212,651

51