GENERAL FUND and PROPERTY TAX REPLACEMENT FUND
   COMBINED STATEMENT of ACTUAL and ESTIMATED UNAPPROPRIATED RESERVE
                         (Millions of Dollars)

                                                  Actual      Estimated
                                                  FY 1998      FY 1999
                                                -----------  -----------
Resources:                  
  Working Balance at July 1                        1,138.2      1,319.3 
                  
  Current Year Resources                
    Forecast Revenue                               8,421.4      8,647.2 
    DSH                                               60.5         60.0 
    Transfer From (To) Rainy Day Fund                 (2.4)         8.6 
  Total Current Year Resources                     8,479.5      8,715.8 
                  
Total Resources:                                   9,617.7     10,035.2
----------------------------------------------- =========== ============ 
                  
Uses: Appropriations, Expenditures, and Reversions:                  
  Appropriations:                                  8,481.9      8,867.7 
    1998 Session Acts                                 -            48.0 
    Adjustments to Appropriations (1)                 25.3         -   
  Other Expenditures and Transfers:                
    Transfer to Tuition Reserve                       -            15.0 
    Judgements and Settlements                         3.4          8.0 
  Total Appropriations & Expenditures:             8,510.6      8,938.7 
                  
  Reversions:                
    General                                         (101.2)       (50.0)
    Medicaid                                         (67.1)        -   
    Medicaid Reserve Account Adjustment (2)          (46.4)        -   
                  
  Total Reversions                                  (214.7)       (50.0)
Total Net Uses:                                    8,295.9      8,888.7 
----------------------------------------------- =========== ============ 
                  
    Auditor's Adjustments                             (2.5)        -   
                  
General Fund Reserve Balance at June 30            1,319.3      1,146.5 
    Reserved Balances              
      Tuition Reserve.........................       240.0        255.0 
      Rainy Day Fund..........................       496.1        510.5 
Total Combined Balances.......................     2,055.4      1,912.0 
----------------------------------------------- =========== ============ 
                  
Totals may not add due to rounding.                  

Notes:                  
  (1)  Earned interest is interest reported by the State Treasurer for 
       the fiscal year on investments and includes the payment of interest 
       on loans made from the fund.                
                  
  (2)  Transfers made pursuant to IC 4-10-18-3.