STATE OF MARYLAND

Combining Balance Sheet

Fiduciary Fund Types

June 30,1992

(Expressed in Thousands)

		Pension	Trust Funds				Agency Funds
			Mass					Local
		State	Transit	Patient				Admissions		Payroll
		Retirement	Administration	and	Deferred	Refunded	Local	and	Local	Taxes and
	Expendable Trust Fund	and Pension Systems	Pension Plan	Prisoner Accounts	Compensation Plan	Transportation Debt	Highway Grants	Amusement Taxes	Income Taxes	Fringe Benefits	Total
Assets:
Cash and cash equivalents ........		$ 583,305	$ 372	$4,758	$ 656	$ 41		$9,095	$335,466	$10,592	$ 944,285
Investments ....................		12,021,582	1,154		469,612	403,832					12,896,180
Amount on deposit with U.S.
Treasury .....................	. $195,795										195,795
Taxes receivable, net ............	98,988										98,988
Intergovernmental receivables ....	5,544										5,544
Other accounts receivable ........		156,183			5,099	105,831					267,113
Due from other funds ............			7,327						164,035		171,362
Deposits .......................										27,824	27,824
Total assets ...............	. $300,327	$12,761,070	$8,853	$4,758	$475,367	$509,704	$ -0-	$9,095	$499,501	$38,416	$14,607,091
Liabilities:
Accounts payable and accrued
liabilities .....................	. $ 15,034	$ 35,457		$4,758	$ 13					$38,416	$ 93,678
Due to other funds ..............			$ 372					$1,158			1,530
Accounts payable to political
subdivisions and local income tax
refunds ......................								7,937	$499,501		507,438
Due to transportation bondholders .						$509,704					509,704
Deferred compensation benefits
payable ......................					475,354						475,354
Total liabilities .............	15,034	35,457	372	4,758	475,367	509,704		9,095	499,501	38,416	1,587,704
Fund balances:
Reserved for:
Pension benefits ..............		12,725,613	8,481								12,734,094
Unemployment compensation
benefits ....................	. 285,293										285,293
Total fund balances .........	. 285,293	12,725,613	8,481								13,019,387
Total liabilities and fund
balances ................	. $300,327	$12,761,070	$8,853	$4,758	$475,367	$509,704	$ -0-	$9,095	$499,501	$38,416	$14,607,091

STATE OF MARYLAND

Combining Statement of Revenues, Expenses
and Changes in Fund Balances

Pension Trust Funds
for the year ended June 30,1992

(Expressed in Thousands)

		Mass
	State	Transit
	Retirement	Administration
	and Pension	Pension
	Systems	Plan	Total
Operating revenues:
Contributions ..........................................	$ 780,652	$7,327	$ 787,979
Interest and other investment income ......................	1,331,648	292	1,331,940
Total operating revenues ...............................	2,112,300	7,619	2,119,919
Operating expenses: General and administrative ...............................	16,125	20	16,145
Benefit payments and refunds ............................	695,920	4,545	700,465
Total operating expenses ...............................	712,045	4,565	716,610
Excess of operating revenues over operating expenses ...... Fund balances, July 1, 1991 ................................	1,400,255 11,325,358	3,054 5,427	1,403,309 11,330,785
Fund balances, June 30, 1992 ...............................	$12,725,613	$8,481	$12,734,094

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