STATE GOVERNMENT FINANCES
(Amounts are in thousands.  Per capita in dollars.)

                                                      Percent           Per
NEVADA                                       1992 Distribution       capita

Population (thousands)                      1,284           -             -
Total Revenue                           3,954,523       100.0%     3,079.85
  General revenue                       2,720,927        68.8%     2,119.10
    Intergovernmental revenue             547,402        13.8%       426.33
    Taxes                               1,823,376        46.1%     1,420.07
      General sales                       892,721        22.6%       695.27
      Selective sales                     645,907        16.3%       503.04
      License taxes                       217,369         5.5%       169.29
      Individual income                         0         0.0%         0.00
      Corporation net income                    0         0.0%         0.00
      Other taxes                          67,379         1.7%        52.48
    Current charges                       176,854         4.5%       137.74
    Miscellaneous general revenue         173,295         4.4%       134.96
  Utility revenue                          64,839         1.6%        50.50
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,168,757        29.6%       910.25

Total Expenditure                       3,825,931       100.0%     2,979.70
  Intergovernmental expenditure         1,107,607        28.9%       862.62
  Direct expenditure                    2,718,324        71.1%     2,117.07
    Current operation                   1,402,123        36.6%     1,092.00
    Capital outlay                        333,472         8.7%       259.71
    Insurance benefits and repayments     804,206        21.0%       626.33
    Assistance and subsidies               50,116         1.3%        39.03
    Interest on debt                      128,407         3.4%       100.01
Exhibit:  Salaries and wages              586,980        15.3%       457.15

Total expenditure                       3,825,931       100.0%     2,979.70
  General expenditure                   2,952,987        77.2%     2,299.83
        Intergovernmental expenditure   1,107,607        28.9%       862.62
        Direct expenditure              1,845,380        48.2%     1,437.21
  General expenditure, by function:
      Education                         1,113,095        29.1%       866.90
      Public welfare                      449,715        11.8%       350.25
      Hospitals                            50,256         1.3%        39.14
      Health                               55,698         1.5%        43.38
      Highways                            295,087         7.7%       229.82
      Police protection                    28,513         0.7%        22.21
      Correction                          127,967         3.3%        99.66
      Natural resources                    52,735         1.4%        41.07
      Parks and recreation                 16,464         0.4%        12.82
      Governmental administration         123,260         3.2%        96.00
      Interest on general debt            115,597         3.0%        90.03
      Other and unallocable               525,140        13.7%       408.99
  Utility expenditure                      68,738         1.8%        53.53
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             804,206        21.0%       626.33

Debt at end of fiscal year              1,934,144       100.0%     1,506.34

Cash and Security Holdings              6,863,021       100.0%     5,345.03