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

                                                      Percent           Per
NEVADA                                       1993 Distribution       capita

Population (thousands)                      1,284           -             -
Total Revenue                           4,473,976       100.0%     3,484.40
  General revenue                       3,159,088        70.6%     2,460.35
    Intergovernmental revenue             636,669        14.2%       495.85
    Taxes                               2,180,940        48.7%     1,698.55
      General sales                     1,033,952        23.1%       805.26
      Selective sales                     773,613        17.3%       602.50
      License taxes                       288,331         6.4%       224.56
      Individual income                         0         0.0%         0.00
      Corporation net income                    0         0.0%         0.00
      Other taxes                          85,044         1.9%        66.23
    Current charges                       185,040         4.1%       144.11
    Miscellaneous general revenue         156,439         3.5%       121.84
  Utility revenue                          69,520         1.6%        54.14
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,245,368        27.8%       969.91

Total Expenditure                       4,050,542       100.0%     3,154.63
  Intergovernmental expenditure         1,165,679        28.8%       907.85
  Direct expenditure                    2,884,863        71.2%     2,246.78
    Current operation                   1,527,321        37.7%     1,189.50
    Capital outlay                        345,492         8.5%       269.07
    Insurance benefits and repayments     826,220        20.4%       643.47
    Assistance and subsidies               54,612         1.3%        42.53
    Interest on debt                      131,218         3.2%       102.19
Exhibit:  Salaries and wages              658,643        16.3%       512.96

Total expenditure                       4,050,542       100.0%     3,154.63
  General expenditure                   3,150,967        77.8%     2,454.02
        Intergovernmental expenditure   1,165,679        28.8%       907.85
        Direct expenditure              1,985,288        49.0%     1,546.17
  General expenditure, by function:
      Education                         1,164,708        28.8%       907.09
      Public welfare                      513,493        12.7%       399.92
      Hospitals                            48,913         1.2%        38.09
      Health                               60,614         1.5%        47.21
      Highways                            302,190         7.5%       235.35
      Police protection                    30,524         0.8%        23.77
      Correction                          153,530         3.8%       119.57
      Natural resources                    52,647         1.3%        41.00
      Parks and recreation                 13,058         0.3%        10.17
      Governmental administration         136,751         3.4%       106.50
      Interest on general debt            115,140         2.8%        89.67
      Other and unallocable               560,115        13.8%       436.23
  Utility expenditure                      73,355         1.8%        57.13
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             826,220        20.4%       643.47

Debt at end of fiscal year              1,653,407       100.0%     1,287.70

Cash and Security Holdings              7,190,790       100.0%     5,600.30