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

                                                      Percent           Per
SOUTH DAKOTA                                 1993 Distribution       capita

Population (thousands)                        703           -             -
Total Revenue                           1,942,160       100.0%     2,762.67
  General revenue                       1,590,669        81.9%     2,262.69
    Intergovernmental revenue             585,113        30.1%       832.31
    Taxes                                 589,069        30.3%       837.94
      General sales                       306,253        15.8%       435.64
      Selective sales                     164,301         8.5%       233.71
      License taxes                        61,792         3.2%        87.90
      Individual income                         0         0.0%         0.00
      Corporation net income               28,142         1.4%        40.03
      Other taxes                          28,581         1.5%        40.66
    Current charges                       158,438         8.2%       225.37
    Miscellaneous general revenue         258,049        13.3%       367.07
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue                 351,491        18.1%       499.99

Total Expenditure                       1,686,426       100.0%     2,398.90
  Intergovernmental expenditure           299,323        17.7%       425.78
  Direct expenditure                    1,387,103        82.3%     1,973.12
    Current operation                     948,991        56.3%     1,349.92
    Capital outlay                        193,853        11.5%       275.75
    Insurance benefits and repayments      82,883         4.9%       117.90
    Assistance and subsidies               33,825         2.0%        48.12
    Interest on debt                      127,551         7.6%       181.44
Exhibit:  Salaries and wages              351,185        20.8%       499.55

Total expenditure                       1,686,426       100.0%     2,398.90
  General expenditure                   1,603,543        95.1%     2,281.00
        Intergovernmental expenditure     299,323        17.7%       425.78
        Direct expenditure              1,304,220        77.3%     1,855.22
  General expenditure, by function:
      Education                           481,005        28.5%       684.22
      Public welfare                      318,785        18.9%       453.46
      Hospitals                            43,872         2.6%        62.41
      Health                               50,627         3.0%        72.02
      Highways                            229,329        13.6%       326.21
      Police protection                    14,229         0.8%        20.24
      Correction                           33,559         2.0%        47.74
      Natural resources                    64,600         3.8%        91.89
      Parks and recreation                 11,997         0.7%        17.07
      Governmental administration          72,740         4.3%       103.47
      Interest on general debt            127,551         7.6%       181.44
      Other and unallocable               155,249         9.2%       220.84
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure              82,883         4.9%       117.90

Debt at end of fiscal year              1,818,438       100.0%     2,586.68

Cash and Security Holdings              4,039,858       100.0%     5,746.60