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

                                                      Percent           Per
NEVADA                                       1994 Distribution       capita

Population (thousands)                      1,457           -             -
Total Revenue                           4,766,682       100.0%     3,271.57
  General revenue                       3,460,261        72.6%     2,374.92
    Intergovernmental revenue             719,125        15.1%       493.57
    Taxes                               2,380,709        49.9%     1,633.98
      General sales                     1,184,850        24.9%       813.21
      Selective sales                     783,696        16.4%       537.88
      License taxes                       286,709         6.0%       196.78
      Individual income                         0         0.0%         0.00
      Corporation net income                    0         0.0%         0.00
      Other taxes                         125,454         2.6%        86.10
    Current charges                       220,981         4.6%       151.67
    Miscellaneous general revenue         139,446         2.9%        95.71
  Utility revenue                          77,052         1.6%        52.88
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,229,369        25.8%       843.77

Total Expenditure                       4,202,574       100.0%     2,884.40
  Intergovernmental expenditure         1,277,353        30.4%       876.70
  Direct expenditure                    2,925,221        69.6%     2,007.70
    Current operation                   1,630,019        38.8%     1,118.75
    Capital outlay                        415,928         9.9%       285.47
    Insurance benefits and repayments     714,646        17.0%       490.49
    Assistance and subsidies               60,981         1.5%        41.85
    Interest on debt                      103,647         2.5%        71.14
Exhibit:  Salaries and wages              700,971        16.7%       481.11

Total expenditure                       4,202,574       100.0%     2,884.40
  General expenditure                   3,403,989        81.0%     2,336.30
        Intergovernmental expenditure   1,277,353        30.4%       876.70
        Direct expenditure              2,126,636        50.6%     1,459.60
  General expenditure, by function:
      Education                         1,240,035        29.5%       851.09
      Public welfare                      564,613        13.4%       387.52
      Hospitals                            53,750         1.3%        36.89
      Health                               61,974         1.5%        42.54
      Highways                            399,142         9.5%       273.95
      Police protection                    32,836         0.8%        22.54
      Correction                          135,892         3.2%        93.27
      Natural resources                    47,982         1.1%        32.93
      Parks and recreation                 14,858         0.4%        10.20
      Governmental administration         133,530         3.2%        91.65
      Interest on general debt             88,413         2.1%        60.68
      Other and unallocable               632,159        15.0%       433.88
  Utility expenditure                      83,939         2.0%        57.61
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             714,646        17.0%       490.49

Debt at end of fiscal year              1,684,543       100.0%     1,156.17

Cash and Security Holdings              7,673,405       100.0%     5,266.58