| GENERAL FUND BALANCE SHEET JUNE 30, 1997 | EXHIBIT B |
| Assets | |
| Accrued Taxes Receivable | $ 632,854,000 |
| Accrued Accounts Receivable | 19,949,000 |
| Federal and Other Grants Receivable | 51,278,727 |
| Unexpended Grant Awards | 412,781,907 |
| Due From Other Funds - Year End Adjustments | 4,532,568 |
| Total Assets | $1,121,396,202 |
| Liabilities, Reserves, and Surplus | |
| Liabilities | |
| Deficiency in Cash and Short Term Investments | $ 144,553,705 |
| Deferred Federal and Other Grant Revenue | 91,596,262 |
| Due To Other Funds - Year End Adjustments | 15,231,866 |
| Total Liabilities | 251,381,833 |
| Reserves | |
| Petty Cash Funds | 995,445 |
| Appropriations Continued to Fiscal Year 1997-98 | 606,379,968 |
| Economic Recovery Note Debt Retirement | 166,700,000 |
| Transfer to Budget Reserve Fund | 95,938,956 |
| Total Reserves | 870,014,369 |
| Unappropriated Surplus - Schedule B-1 | - |
Total Liabilities, Reserves, and Surplus | $1,121,396,202 |