Deferred compensation benefits payable ....

424,626

424,626

Deferred revenue ......................

3,578

$2,615

19,404

34,742

60,339

Loans from other funds .................

7,388

$ 25,000

32,388

Notes payable .........................

17,450

17,450

Matured bonds and interest coupons

payable .............................

3,388

3,388

Liabilities payable from restricted assets . . .

16,522

16,522

Revenue bonds and other notes payable ....

2,538,563

328,601

2,867,164

General obligation bonds payable ..........

2,038,437

2,038,437

Transportation bonds payable ............

1,003,380

1,003,380

Accrued retirement costs ................

2,680

271,305

48,832

322,817

Accrued workers' compensation costs ......

567

61,041

11,901

73,509

Accrued annual leave ...................

1,635

126,837

42,368

170,840

Obligations under capital leases ...........

20,120

58,124

38,539

116,783

Total liabilities ..................

1,133,580

233,372

6,003

38,114

3,456,381

1,574,044

3,584,124

618,388

10,644,006

Commitments and contingencies

(Notes 15, 18 and 19)

Equity and Other Credits:

Investment in fixed assets ...............

$4,754,903

1,854,234

6,609,137

Capital:

Contributed capital ...................

1,135,956

1,135,956

Capital deposits by members ...........

144,224

144,224

Retained earnings:

Reserved ..........................

2,623

2,623

Unreserved ........................

1,241,666

1,241,666

Fund balances:

Reserved for:

Encumbrances .....................

105,722

1,343

307,823

23,335

438,223

Agency activities ...................

103,352

496

103,848

State reserve fund ..................

11,123

11,123

Emergency medical services system ....

973

973

Loans and notes receivable ...........

2,850

49,809

52,659

Loans to other funds ................

945

6,443

7,388

Shore erosion loan program ...........

15,077

15,077

Pension benefits ....................

11,325,358

11,325,358

Unemployment compensation benefits . .

384,413

384,413

Higher education programs ...........

64,393

64,393

Endowment funds ..................

49,886

49,886

Unreserved:

Designated for:

General long-term debt service ......

10,050

10,050

Transportation debt service .........

94,416

94,416

Undesignated (deficit) ...............

(240,771)

44,363

(267,125)

(38,639)

(502,172)

Total equity (deficit) and other

credits .......................

(16,779)

47,175

160,718

55,775

2,524,469

11,709,771

4,754,903

1,953,209

21,189,241

Total liabilities, equity and other credits ......

$1,116,801

$280,547

$166,721

$93,889

$5,980,850

$13,283,815

$4,754,903

$3,584,124

$2,571,597

$31,833,247