STATE OF MARYLAND

Schedule of Changes in Fund Equities—Budgetary Basis
for the year ended June 30,1993

(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, 1992 ......	$ (21,415) :	$ 238,948 :	$ 57,296	$ 0	$ 102,161	$ 1,747	$170,927 :	$16,016,226	$16,565,890
Increase:
Revenues .................	6,436,403	2,033,433	304,815	2,365,681	1,290,089	294,848	268,839	4,572,943	17,567,051
Decrease:
Appropriations ............	6,659,708	2,045,451	331,119	2,755,995	1,329,845	323,079
Less: Current year reversions	(270,815)	(211,647)	(31,916)	(372,983)	(61,210)	(23,581)
Prior year reversions .	(4,548)	(6,065)		(5,909)	(149)	(6)
Expenditures and
encumbrances ...........	6,384,345	1,827,739	299,203	2,377,103	1,268,486	299,492	316,308	2,978,176	15,750,852
Changes to encumbrances during
fiscal year 1993 .............	(20,899)	5,788		(12,604)	(3,733)	(78)			(31,526)
Expenditures .................	6,363,446	1,833,527	299,203	2,364,499	1,264,753	299,414	316,308	2,978,176	15,719,326
Transfers in (out) .............	58,399	(63,923)	(982)	(1,182)	(850)	10,021	1,295	(2,778)
Changes in contributed capital . . .								48,563	48,563
Fund equities, June 30, 1993 ....	$ 109,941	$ 374,931	$ 61,926	$ 0	$ 126,647	$ 7,202	$ 124,753	$17,656,778	$18,462,178
Invested in fixed assets ........								$ 1,999,800	$ 1,999,800
Contributed capital ............								452,062	452,062
Capital deposits by members ....								144,224	144,224
Retained earnings:
Reserved ..................								2,927	2,927
Unreserved ................								271,982	271,982
Fund Balance:
Reserved:
Encumbrances ............	$ 39,171	$ 58,063		$ 72,121	$ 9,284	$ 104	$ 314,934	35,974	529,651
Agency activities ..........								22,263	22,263
State reserve fund .........	57,470								57,470
Loans and notes receivable . .	2,024	3,823	$34,858						40,705
Loans to other funds .......	756		6,372					75,000	82,128
Shore erosion loan programs .		17,813							17,813
Higher education programs . .								68,879	68,879
Endowment funds .........								56,421	56,421
Debt and plant additions ....								156,122	156,122
Pension benefits ...........								14,154,970	14,154,970
Unemployment compensation
benefits ................								324,963	324,963
Unreserved:
Designated for:
General long-term debt
service ...............			20,696						20,696
Transportation debt service								66,744	66,744
Maryland Transportation
Authority bond debt
service ...............								36,153	36,153
Undesignated (deficit) ......	10,520	295,232		(72,121)	117,363	7,098	(190,181)	(211,706)	(43,795)
Total ...............	$ 109,941	$ 374,931	$ 61,926	$ 0	$ 126,647	$ 7,202	$ 124,753	$17,656,778	$18,462,178

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