Combining Balance Sheet

Fiduciary Fund Types

June 30, 1994

(Expressed in Thousands)

		Pension	Trust Funds				Agency	Funds
			Mass					Local
		State	Transit	Patient				Admissions		Payroll
		Retirement	Administration	and	Deferred	Local	Local	and	Local	Taxes and
	Expendable Trust Fund	and Pension Systems	Pension Plan	Prisoner Accounts	Compensation Plan	Transfer Taxes	Highway Grants	Amusement Taxes	Income Taxes	Benefits	Total
Assets:
Cash and cash equivalents ...............		$ 11,606	$ 4	$4,770	$ 847			$6,393	$346,319	$7,325	$ 376,264
Investments.........................................	.....	14,998,589	16,830		563,218						15,578,637
Amount on deposit with
U.S. Treasury...................................	..... $346,334										346,334
Taxes receivable, net.........................	..... 131,459								160,969		292,428
Other accounts receivable................		209,518	422		4,343						214,283
Due from other funds........................									46,966		46,966
Total assets..............................	..... $477,793	$15,219,713	$17,256	$4,770	$568,408	$0	$0	$6,393	$553,264	$7,325	$16,854,912
Liabilities:
Accounts payable and accrued
liabilities...........................................	..... $ 18,050	$ 122,678		$4,770	$ 79					$7,325	$ 152,902
Due to other funds.............................		3,904						$1,011			4,915
Accounts payable to political
subdivisions and local income
tax refunds ......................................								5,382	$553,254		558,636
Deferred compensation benefits
payable.............................................					568,329						568,329
Total liabilities ........................	..... 18,050	126,582		4,770	568,408			6,393	653,254	7,325	1,284,782
Fund balances:
Reserved for:
Pension benefits .............................		15,093,131	17,256								15,110,387
Unemployment compensation
benefits.........................................	..... 459,743										459,743
Total fund balances................	..... 469,743	15,093,131	17,256								15,570,130
Total liabilities and fund
balances...............................	..... $477,793	$15,219,713	$17,256	$4,770	$568,408	$0	$0	$6,393	$563,254	$7,325	$16,854,912

STATE OF MARYLAND

Combining Statement of Revenues, Expenses
and Changes in Fund Balances

Pension Trust Funds
for the year ended June 30,1994

(Expressed in Thousands)

		Mass
	State	Transit
	Retirement	Administration
	and Pension	Pension
	Systems	Plan	Total
Operating revenues:
(Contributions...................................................................................	........................ $ 761,056	$ 8,452	$ 759,507
Interest and other investment income ........................................	........................ 1,498,576	983	1,499,559
Total operating revenues............................................................	........................ 2,249,631	9,435	2,259,066
Operating expenses:
General and administrative............................................................	........................ 21,320	20	21,340
Benefit payments and refunds ......................................................	........................ 1,277,266	5,043	1,282,309
Total expenses .............................................................................	........................ 1,298,586	5,063	1,303,649
Excess of operating revenues over expenses ........................	........................ 951,045	4,372	955,417
Fund balances, July 1, 1993 ..............................................................	........................ 14,142,086	12,884	14,154,970
Fund balances, June 30, 1994 ...........................................................	........................$15,093,131	$17,256	$15,110,387

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