STATE OF MARYLAND

Combining Balance Sheet

Fiduciary Fund Types

June 30, 1995

(Expressed in Thousands)

		Pension	Trust Funds				Agency Funds
		Retirement	Mass					Local
		and	Transit	Patient				Admissions,		Payroll
		Pension	Administration	and	Deferred	Insurance	Local	Amusement	Local	Taxes and
	Expendable	System	Pension	Prisoner	Compensation	Premium	Transportation	and Transfer	Income
	Trust Fund	of Maryland	Plan	Accounts	Plan	Taxes	Funds	Taxes	Taxes	Benefits Total
Assets:
Cash and cash equivalents ..................		$28,714	$41	$5,404	$864	$15,325	$10,730	$11,686	$429,241	$436 $ 502,441
Investments ............................................		16,316,995	23,749		637,926		9,303			16,987,973
Amount on deposit with
U.S. Treasury......................................	$563,880									563,880
Taxes receivable, net............................	116,243								143,598	259,841
Other accounts receivable...................		397,620			4,709		17			402,346
Total assets.................................	$680,123	$16,743,329	$23,790	$5,404	$643,499	$15,325	$20,050	$11,686	$572,839	$436 $18,716,481
Liabilities:
Accounts payable and accrued
liabilities..............................................	$20,406	$ 473,840		$5,404	$106	$15,325				$436 $ 515,517
Due to other funds................................								$1,260		1,260
Accounts payable to political
subdivisions and local income tax
refunds ................................................							$20,050	10,426	$572,839	603,315
Deferred compensation benefits
payable ................................................					643,393					643,393
Total liabilities ...........................	20,406	473,840		5,404	643,499	15,325	20,050	11,686	572,839	436 1,763,485
Fund balances:
Reserved for
Pension benefits ................................		16,269,489	$23,790							16,293,279
Unemployment compensation
benefits............................................	659,717									659,717
Total fund balances...................	659,717	16,269,489	23,790							16,952,996
Total liabilities and fund
balances ..................................	$680,123	$16,743,329	$23,790	$5,404	$643,499	$15,325	$20,050	$11,686	$572,839	$436 $18,716,481

STATE OF MARYLAND

Combining Statement of Revenues, Expenses
and Changes in Fund Balances

Pension Trust Funds
for the year ended June 30, 1995

(Expressed in Thousands)

	Retirement	Mass
	and	Transit
	Pension	Administration
	System	Pension
	of Maryland	Plan	Total
Operating revenues:
Contributions ...................................................................................	.........................$ 779,177	$10,901	$ 790,078
Interest and other investment income ........................................	......................... 1,288,299	1,519	1,289,818
Total operating revenues..............................................................	......................... 2,067,476	12,420	2,079,896
Operating expenses:
General and administrative..............................................................	......................... 28,511	20	28,531
Benefit payments and refunds ......................................................	......................... 862,607	5,866	868,473
Total expenses ..............................................................................	......................... 891,118	5,886	897,004
Excess of operating revenues over expenses ........................	......................... 1,176,358	6,534	1,182,892
Fund balances, July 1, 1994 ..............................................................	......................... 15,093,131	17,256	15,110,387
Fund balances, June 30, 1995 ...........................................................	.........................$16,269,489	$23,790	$16,293,279

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