STATE OF MARYLAND

Schedule of General Government Revenues by Source,

Expenditures by Function and Other Sources (Uses)

of Financial Resources and Changes in Fund Balances

General, Special Revenue, Debt Service and Capital Projects Funds

Last Ten Fiscal Years
(Expressed in Thousands)

					Year ended	June 30,
	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988(1)
Revenues:
Income taxes.......................................................................	$ 4,084,147	$ 3,796,251	$ 3,669,027	$ 3,590,562	$ 3,303,678	$ 3,043,695	$ 3,035,505	$3,096,423	$3,037,900	$2,676,213
Retail sales and use taxes ............ ....................................	2,093,876	2,000,298	1,951,031	1,814,948	1,718,152	1,579,785	1,540,887	1,571,867	1,507,053	1,423,585
Motor vehicle taxes and fees.............. .............................	1,373,002	1,321,412	1,298,132	1,225,531	1,119,416	990,540	919,220	955,253	963,119	948,408
Other taxes..........................................................................	1,057,592	1,065,176	1,031,735	1,053,998	1,039,108	902,757	848,052	894,729	861,758	823,790
Other licenses and fees........ .............................................	208,009	211,817	216,621	193,216	197,255	142,525	125,476	113,189	109,523	111,453
Charges for services ..........................................................	658,583	670,901	803,183	691,597	630,597	608,385	403,942	331,312	333,342	353,270
Interest and other investment income. ................ ..........	138,893	114,986	100,626	56,120	35,158	33,399	73,990	125,655	125,877	90,441
Federal .................................................................................	3,726,882	3,357,959	3,277,297	2,630,278	2,530,226	2,422,678	1,982,214	1,825,753	1,693,289	1,578,753
Other ....................................................................................	134,875	186,902	190,297	215,761	251,737	258,042	250,109	192,183	188,241	184,384
Total revenues ...... ......................................................	13,475,859	12,725,702	12,537,949	11,472,011	10,825,327	9,981,806	9,179,395	9,106,364	8,820,102	8,190,297
Expenditures:
Current:
General government ..................................................... .	382,424	520,419	616,518	536,542	494,041	482,752	475,868	453,164	437,089	410,519
Education........................................................................	3,025,536	2,818,909	2,637,338	2,497,869	2,389,155	2,292,608	2,218,148	2,052,303	1,902,965	1,759,450
Business and economic development ........................	41,026	42,259	163,735	149,647	155,575	148,413	152,121	147,404	118,804	113,605
Labor, licensing and regulation ...................................	141,523	155,495
Human resources ...........................................................	1,304,480	1,344,361	1,382,650	954,822	926,954	916,320	907,736	753,935	695,029	669,341
Health and mental hygiene. ......................................... .	3,323,439	3,132,078	3,240,900	2,965,057	2,781,409	2,767,977	2,350,469	1,990,090	1,784,992	1,609,327
Environment...... ............. ..................................... ............	64,722	71,911	64,943	60,567	51,598	61,294	62,608	52,245	45,114	37,140
Transportation ................................................................	860,986	859,208	783,786	752,679	692,454	593,861	575,696	544,037	550,045	537,686
Public saftey and judicial .............................................	1,238,772	1,061,974	938,507	896,938	862,311	832,312	791,728	728,105	648,200	559,804
Housing and community development............. ..........	80,390	67,093	69,611	75,746	102,725	115,471	56,835	62,179	56,024	52,273
Natural resources and recreation......... ...... .................	125,269	123,681	116,530	114,678	111,559	126,875	126,863	123,297	107,450	98,541
Agriculture............................. ..........................................	38,138	43,010	34,872	28,774	27,185	33,167	52,785	43,819	37,193	30,626
Intergovernmental ..............................................................	1,036,094	933,700	937,236	784,990	700,119	705,008	810,313	815,738	804,665	784,255
Debt service ........................................................................	585,589	601,999	506,031	467,279	488,153	451,600	477,156	467,197	454,474	435,886
Capital outlays ....................................................................	1,137,356	1,047,936	1,075,888	784,555	759,224	830,178	1,166,021	1,142,035	925,589	929,024
Total expenditures ................................ .....................	13,385,744	12,824,033	12,568,545	11,070,143	10,542,462	10,357,836	10,224,347	9,375,548	8,567,633	8,027,477
Excess (deficiency) of revenues over
expenditures..... .......................................................	90,115	(98,331)	(30,596)	401,868	282,865	(376,030)	(1,044,952)	(269,184)	252,469	162,820
Other sources (uses) of financial resources:
Capital leases ......................................................................	62,200	62,930	16,872	41,835	15,577	64,418	26,648	3,008	12,384	30,250
Proceeds from bond issues ..............................................	460,000	469,504	566,384	416,780	332,419	464,197	617,338	499,688	265,191	321,358
Proceeds from loans to other funds...............................						40,000	25,000
Proceeds from refunding bonds ......................................				802,701	303,218
Operating transfers in .......................................................	920,843	910,063	1,033,400	759,879	313,804	333,976	365,166	353,254	319,604	337,107
Operating transfers in from component units ..............	870	1,339
Operating transfers out....................... ..............................	(563,969)	(548,955)	(1,342,979)	(1,024,000)	(650,893)	(644,333)	(727,465)	(863,240)	(613,723)	(507,772)
Operating transfers out to component units......... ........	(711,032)	(680,339)
Recognition of fund liability ............................................					(65,000)
Payment to refunded bond escrow agent.............. ........				(802,701)	(298,759)
Payment to refunded leases escrow agent. ............. ......				(8,567)
Net other sources (uses) of financial resources ......	168,912	214,542	273,677	185,927	(49,634)	258,258	306,687	(7,290)	(16,544)	180,943
Excess (deficiency) of revenues over expenditures
and net other sources (uses) of financial
resources.....................................................................	259,027	116,211	243,081	587,795	233,231	(117,772)	(738,265)	(276,474)	235,925	343,763
Fund balance, July 1 .............................................................	1,476,480	1,360,269	1,117,188	529,393	137,467	246,889	985,154	1,261,628	1,025,703	681,940
Adjustments ........................................................................	1,0320	5)			154,295(	4)
Fund balance, July 1, as restated...................... ..................	1,477,512				291,762
Equity transfers ..................................................................					4,400(:	3) 8,350(1	2)
Fund balance, June 30 ..........................................................	$ 1,736,539	$ 1,476,480	$ 1,360,269	$ 1,117,188	$ 529,393	$ 137,467	$ 246,889	$ 985,154	$1,261,628	$1,025,703

Source: General Accounting Division, State Comptroller's Office

(1) Beginning in fiscal year 1988, as a result of a State-wide reorganization, certain expenditures are reported in different classifications.

(3) During 1993 the Economic Development Loan Programs returned $4,400,000 to the General Fund. This return of contributed capital has been reported as an equity transfer.

from the enterprise fund to the respective governmental funds.
(5) Effective July 1, 1996, investments of the general governmental funds were valued at fair value which is based on quoted market prices.

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