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

                                                      Percent           Per
SOUTH DAKOTA                                 1992 Distribution       capita

Population (thousands)                        703           -             -
Total Revenue                           1,756,015       100.0%     2,497.89
  General revenue                       1,518,437        86.5%     2,159.94
    Intergovernmental revenue             549,243        31.3%       781.28
    Taxes                                 565,032        32.2%       803.74
      General sales                       289,325        16.5%       411.56
      Selective sales                     159,912         9.1%       227.47
      License taxes                        55,710         3.2%        79.25
      Individual income                         0         0.0%         0.00
      Corporation net income               35,222         2.0%        50.10
      Other taxes                          24,863         1.4%        35.37
    Current charges                       146,506         8.3%       208.40
    Miscellaneous general revenue         257,656        14.7%       366.51
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue                 237,578        13.5%       337.95

Total Expenditure                       1,564,882       100.0%     2,226.01
  Intergovernmental expenditure           280,445        17.9%       398.93
  Direct expenditure                    1,284,437        82.1%     1,827.08
    Current operation                     853,259        54.5%     1,213.74
    Capital outlay                        183,017        11.7%       260.34
    Insurance benefits and repayments      75,349         4.8%       107.18
    Assistance and subsidies               33,081         2.1%        47.06
    Interest on debt                      139,731         8.9%       198.76
Exhibit:  Salaries and wages              337,902        21.6%       480.66

Total expenditure                       1,564,882       100.0%     2,226.01
  General expenditure                   1,489,533        95.2%     2,118.82
        Intergovernmental expenditure     280,445        17.9%       398.93
        Direct expenditure              1,209,088        77.3%     1,719.90
  General expenditure, by function:
      Education                           430,517        27.5%       612.40
      Public welfare                      290,455        18.6%       413.17
      Hospitals                            42,331         2.7%        60.21
      Health                               45,020         2.9%        64.04
      Highways                            210,619        13.5%       299.60
      Police protection                    13,524         0.9%        19.24
      Correction                           29,928         1.9%        42.57
      Natural resources                    66,853         4.3%        95.10
      Parks and recreation                 12,160         0.8%        17.30
      Governmental administration          67,417         4.3%        95.90
      Interest on general debt            139,731         8.9%       198.76
      Other and unallocable               140,978         9.0%       200.54
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure              75,349         4.8%       107.18

Debt at end of fiscal year              1,889,222       100.0%     2,687.37

Cash and Security Holdings              3,933,218       100.0%     5,594.90