| TRANSPORTATION FUND BALANCE SHEET JUNE 30, 1997 | SCHEDULE C-2 |
| Assets | |
| Cash and Short Term Investments | $ 78,328,326 |
| Accrued Taxes Receivable | 47,015,000 |
| Accrued Interest Receivable | 6,977,021 |
| Federal and Other Grants Receivable | 11,461,084 |
| Unexpended Grant Awards | 216,415,998 |
| Due from Other Funds - Year End Adjustments | 2,095,472 |
| Total Assets | $ 362,292,901 |
| Liabilities, Reserves and Surplus | |
| Liabilities | |
| Deferred Federal and Other Grant Revenue | $ 11,691,975 |
| Reserves | |
| Appropriations to be Continued to Fiscal Year 1997-98 | 235,979,976 |
| Unappropriated Surplus - Schedule C-3 (Note 1) | 114,620,950 |
| Total Liabilities, Reserves and Surplus | $ 362,292,901 |