Table 4b. Coefficient of Variation for Cash and Investment Holdings of State and Local Government Employee-Retirement Systems by State and Level of Government: Fiscal Year 2004-2005 (Thousand dollars) Cash and deposits -------------------------------------- State and level Total Total Cash and Time,savings of government demand deposits and deposits nonfederal short-term investments United States 0.04% 0.15% 0.65% 0.11% State 0.00% 0.00% 0.00% 0.00% Local 0.25% 0.63% 1.67% 0.54% Alabama 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Alaska 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Arizona 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Arkansas 0.02% 2.10% 14.53% 0.03% State 0.00% 0.00% 0.00% 0.00% Local 1.24% 29.61% 32.95% 3.37% California 0.00% 0.04% 0.20% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.01% 0.07% 0.27% 0.00% Colorado 0.05% 0.20% 2.69% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.36% 1.84% 3.11% 0.09% Connecticut 0.16% 0.98% 7.67% 0.06% State 0.00% 0.00% 0.00% 0.00% Local 0.79% 2.52% 7.83% 0.20% Delaware 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% District of Columbia 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Florida 0.31% 0.34% 2.01% 0.13% State 0.00% 0.00% 0.00% 0.00% Local 2.95% 2.80% 12.47% 1.16% Georgia 0.02% 0.63% 7.48% 0.22% State 0.00% 0.00% 0.00% 0.00% Local 0.29% 1.95% 8.37% 0.86% Hawaii 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Idaho 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Illinois 0.15% 2.28% 2.00% 3.78% State 0.00% 0.00% 0.00% 0.00% Local 0.45% 5.66% 3.42% 13.83% Indiana 0.59% 0.56% 1.69% 0.02% State 0.00% 0.00% 0.00% 0.00% Local 39.29% 16.95% 19.61% 2.53% Iowa 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Kansas 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Kentucky 0.01% 0.03% 0.31% 0.03% State 0.00% 0.00% 0.00% 0.00% Local 0.70% 4.65% 8.22% 4.50% Louisiana 0.04% 0.24% 0.50% 0.16% State 0.00% 0.00% 0.00% 0.00% Local 0.66% 2.97% 2.92% 3.10% Maine 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Maryland 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Massachusetts 0.31% 0.73% 1.13% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 1.11% 1.48% 5.04% 0.00% Michigan 0.07% 0.42% 1.77% 0.53% State 0.00% 0.00% 0.00% 0.00% Local 0.26% 0.79% 4.01% 0.94% Minnesota 0.07% 1.90% 20.35% 1.12% State 0.00% 0.00% 0.00% 0.00% Local 0.83% 5.17% 21.61% 3.81% Mississippi 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Missouri 0.02% 0.50% 1.47% 0.55% State 0.00% 0.00% 0.00% 0.00% Local 0.18% 4.04% 2.44% 6.32% Montana 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Nebraska 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Nevada 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% New Hampshire 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% New Jersey 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% New Mexico 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% New York 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% North Carolina 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% North Dakota 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Ohio 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Oklahoma 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Oregon 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Pennsylvania 0.42% 1.72% 14.07% 0.18% State 0.00% 0.00% 0.00% 0.00% Local 2.81% 10.32% 14.07% 3.73% Rhode Island 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% South Carolina 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% South Dakota 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Tennessee 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Texas 0.02% 0.00% 0.21% 0.10% State 0.00% 0.00% 0.00% 0.00% Local 0.13% 0.01% 0.70% 0.68% Utah 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Vermont 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Virginia 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Washington 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% West Virginia 0.01% 20.05% 35.09% 24.83% State 0.00% 0.00% 0.00% 0.00% Local 0.40% 20.29% 35.72% 24.83% Wisconsin 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Wyoming 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% Note: The standard error is a measure of the variation among the estimates from all possible samples and thus is a measure of the precision with which an estimate from a particular sample approximates the average results of all possible samples. The coefficient of variation (CV) is the estimated standard error expressed as a percent of the estimated total or proportion. Each column in this table contains the coefficients of variation that have been computed for the estimated amounts in table 4a. Source: U.S. Census Bureau, Governments Division Created: September 22, 2007 Last Revised: May 15, 2007