ACCOUNTING BASIS OF THE REPORT

This report has been prepared on a modified cash basis of accounting, consistent with the prior fiscal year.

Expenditures are charged against appropriations of the year in which they are paid.

Revenues are recognized when received except, in the General and Transportation Funds, for certain accrued taxes and Indian gaming payments and for Federal and other restricted grant revenues which are recognized when earned. The amount of accrued taxes and Indian gaming payments recorded at June 30, 2000, and June 30, 1999, are as follows:

Fiscal Year Ended June 30,
(In Thousands)

2000

1999

General Fund

Taxes:
Sales and Use $ 357,752 $ 332,168
Personal Income 217,159 216,843
Hospital Gross Receipts 19 30,884
Public Service Corporations 31,823 32,192
Corporation 19,566 22,070
Petroleum Companies 29,021 18,448
Cigarettes 7,699 8,037
Alcoholic Beverages 3,997 3,862
Indian Gaming Payments 26,285 24,378

Total General Fund

693,321 688,882

Transportation Fund

Gasoline 38,156 39,458
Special Motor Fuel 4,066 3,855
Motor Carrier Road 1,183 620

Total Transportation Fund

43,405 43,933

Totals

$ 736,726 $ 732,815