STATE OF MARYLAND

Schedule of Changes in Fund Equities—Budgetary Basis
for the year ended June 30,1990

(Expressed in Thousands)

					Higher	Education
		Special	Fund		Current	Current	Capital
	General	Other	Debt	Federal	Unrestricted	Restricted	Projects	Other
	Fund	Special	Service	Fund	Fund	Fund	Fund	Funds	Total
Fund equities, July 1, 1989 ......	$646,583	$ 439,106	$85,901 i	$ 0	$153,163	$2,218	$152,718	$13,098,541	$14,578,230
Increase:
Revenues .................	5,741,880	2,018,622	311,806	1,830,001	1,168,783	235,811	484,515	3,171,086	14,962,504
Decrease:
Appropriations ............	6,165,419	2,290,839	316,618	2,057,629	1,207,980	256,604
Less: Current year reversions .	(119,388)	(141,263)		(181,768)	(21,479)	(18,664)
Prior year reversions . .	(7,558)	(2,950)		(3,422)	(805)	(16)
Expenditures and
encumbrances ............	6,038,473	2,146,626	316,618	1,872,439	1,185,696	237,924	336,889	1,574,609	13,709,274
Changes to encumbrances during
fiscal year 1990 ..............	4,204	(12,211)		(13,672)	(77)	16			(21,740)
Expenditures ...............	6,042,677	2,134,415	316,618	1,858,767	1,185,619	237,940	336,889	1,574,609	13,687,534
Transfers in (out) ..............	(120,059)	135,160	(1,917)	28,766	187	132	(30,215)	(12,054)
Changes in contributed capital . . .								12,419	12,419
Fund equities, June 30, 1990 .....	$225,727	$ 458,473	$79,172	$ 0	$136,514	$221	$270,129	$14,695,383	$15,865,619
Invested in fixed assets .........								$1,611,662	$1,611,662
Contributed capital ............								1,029,504	1,029,504
Capital deposits by members .....								144,224	144,224
Retained earnings:
Reserved ...................								5,749	5,749
Unreserved .................								1,136,668	1,136,668
Fund Balance:
Reserved:
Encumbrances .............	$ 39,518	$103,299		$ 45,607	$ 12,173		$360,806		561,403
Loans and notes receivable . . .	2,850		$53,730						56,580
Loans to other funds ........	1,445		9,470						10,915
Shore erosion loan programs .		14,820							14,820
Higher education programs . .								44,388	44,388
Endowment funds ..........								49,721	49,721
Pension benefits ...........								10,251,637	10,251,637
Unemployment compensation
benefits .................								616,247	616,247
Unreserved:
Designated for:
General long-term debt
service ................			15,972						15,972
Transportation debt service .								93,531	93,531
State reserve fund ........	124,930								124,930
Emergency medical services
system ................		3,045							3,045
Fiscal year 1991 operations .	52,417								52,417
Undesignated (deficit) .......	4,567	337,309		(45,607)	1 124,341	$ 221	(90,677)	(287,948)	42,206
Total ................	$225,727	$458,473	$79,172	$ 0	$136,514	$ 221	$270,129	$14,695,383	$15,865,619

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