The amended budget adopted by the General Assembly for the general, special and federal funds is presented in the Combined
Statement of Revenues, Expenditures and Encumbrances, Other Sources and Uses of Financial Resources, and Changes in Fund
Balances - Budget and Actual - for the year ended June 30, 2000. The State's budgetary fund structure and the basis of accounting
used for budgetary purposes, which is the modified accrual basis with certain exceptions, differs from that utilized to present
financial statements in conformity with generally accepted accounting principles. The budgetary system's principal departures from
the modified accrual basis are the classification of the State's budgetary funds and the timing of recognition of certain revenues and
expenditures. A summary of the effects of the fund structure differences and exceptions to the modified accrual basis of accounting,
as of June 30,2000, follows (amounts expressed in thousands).

	Total
	Budgetary
	Fund			Financial Statement	Funds
	Equities
	and Other					Trust		Component Units
	Accounts	Special	Debt	Capital		and	Higher	Proprietary
	June 30, 2000	General Revenue	Service	Projects	Enterprise	Agency	Education	Funds
Classification of budgetary fund equities and
other accounts into GAAP fund structure:
General. ...... ..................................................	$ 1,789,700	$1,789,700
Special...........................................................	912,177	315,949 $231,965	$ 43,033	$ 11,954	$ 309,276
Current unrestricted .....................................	328,561						$ 328,561
Current restricted .........................................	1,756						1,756
Other accounts (a):
Non-budgeted............................................	74,842	62,907 10,979		46	540			$ 370
Transportation Authority ...........................	379,732	301,090	78,642
Debt service
transportation bonds..................................	4,343		4,343
Capital projects ...........................................	376,158			301,275	74,883
Enterprise...................................................	1,009,391				1,009,391
Expendable trust.........................................	2,551,363					S 2,551,363
Investment trust..........................................	701,271					701,271
Pension trust...............................................	33,189,145					33,189,145
Component units:
Higher education......................................	3,278,504						3,278,504
Proprietary funds....... ...............................	275,075							275,075
Budgetary fond equities and other accounts
classified into GAAP fund structure:.............	$44,872,018	2,168,556 544,034	126,018	313,275	1,394,090	36,441,779	3,608,821	275,445
Accounting principle differences:
Assets recognized in the
GAAP financial statements not
recognized for budgetary purposes:
Cash..........................................................		4,614
Investments........ .......................................		(14,727)
Taxes receivable..........................................		94,782 (2,810)
Intergovernmental receivables ...................		(2,678)
Other accounts receivable..........................		92,567
Loans and notes receivable........................		3,100 (2,937)
Other assets ...............................................		80,802 364
Liabilities recognized in
GAAP financial statements not
recognized for budgetary purposes:
Accounts payable and accrued liabilities ....		(52,098) (16,252)
Accounts payable to political subdivisions .....		(418)
Accrued self-insurance costs.......................		(4,433)
GAAP financial statement fund
equities, June 30, 2000..................................		$2,370,067 $522,399	$126,018	$313,275 :	11^94,090	$36,441,779	$3,608,821	$275,445

(a) The State's accounting system is maintained by the Comptroller in compliance with State Law and in accordance with the
State's Budgetary Funds. In addition to the accounting system maintained by the Comptroller, certain individual agencies, which are
not subject to the State's budget, maintain accounting systems which are required to be included to properly present the State's
financial reporting in accordance with generally accepted accounting principles.

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