State of Mississippi Treasurer’s Annual Report · State of Mississippi Treasurer’s Annual Report For the Year Ended June 30, 2004. Office of the State Treasurer Tate Reeves State

State of Mississippi Treasurer’s Annual Report

For the Year Ended June 30, 2004

Office of the State Treasurer

Tate Reeves State Treasurer

State Treasury Management Staff

Liz Welch: Deputy State Treasurer Laura Jackson, Director: Bond Division

Thomas Bounds, Director: Information Technology Carol Allgood, Director: Finance and Accounting Division

Director: Investments and Cash Management Division Elizabeth H. Booth, Director: Unclaimed Property Division

Barry G. Simmons, Director: College Savings Plans Amy Ellis, Internal Auditor

Table of Contents

Page

Letter of Transmittal ..………………………………………………………………………………

1

Past Treasurers………………………………………………………………………………………

3

Organizational Chart………………………………………………………………………………...

4

Executive Summary…………………………………………………………………………………

5

Historical Information……………………………………………………………………………….

21

Summary of General, Special, Education Enhancement and Clearing Funds………………………

25

Schedule of Monthly Receipts and Disbursements…………………………………………………

27

Schedule of General Fund Receipts…………………………………………………………………

29

Schedule of General Fund Disbursements…………………………………………………………..

32

Schedule of Special Funds Receipts………………………………………………………………...

35

Schedule of Special Funds Disbursements………………………………………………………….

43

Schedule of Education Enhancement Funds Receipts…………………...………………………….

57

Schedule of Education Enhancement Funds Disbursements………………………………………..

58

Schedule of Clearing Funds Receipts and Disbursements…………………………………………..

59

Funds Invested by the State Treasury and Interest Revenue………………………………………...

60

Bond Indebtedness…………………………………………………………………………………..

66

Schedules of Debt Service…………………………………………………………………………..

73

Notes to the Annual Report of the Treasurer………………………………………………………..

77

STATE OF MISSISSIPPI TREASURY DEPARTMENT

P.O. Box 138, Jackson MS 39205 Telephone 601-359-3600


December 31, 2004 The Honorable Haley Barbour Governor of the State of Mississippi Members of the Mississippi Legislature Citizens of Mississippi In compliance with Article 4, Section 115 of the Mississippi Constitution, I am honored to submit the Annual Report of the Treasurer for the fiscal year ended June 30, 2004. The report is a record of the commitment we share to fiscal integrity and responsible, progressive leadership. I am privileged to serve the citizens of Mississippi as the 53rd State Treasurer. Mississippi has a reputation for conservative financial management that has been further enhanced by the State’s commitment to fiscal prudence during a time of national economic slowdown. Accomplishments I would note as especially significant during fiscal year 2004 include: • A total of $82.3 million in interest was earned through the investment of funds in the State Treasury during

fiscal year 2004, reflecting a slowly recovering economy. • As of June 30, 2004 Mississippi’s General Fund cash balance was approximately $22.4 million (prior to the

required transfers). We ended the year with a reserve fund of $24.0 million, after transfers authorized by the Governor and appropriations authorized by the Legislature to meet the budgetary needs of the state. This judicious use of the reserves during fiscal year 2004 supports the wisdom of the creation of this fund during economic boom times.

• The State began its eighth year of the Mississippi Prepaid Affordable College Tuition Program (MPACT),

administered by the Treasury Department. This landmark initiative provides a convenient way for Mississippians to save for the college educations of their children and grandchildren. As of June 30, 2004, MPACT has registered 19,410 future collegians. During fiscal year 2004, approximately 1,800 students received tuition payments totaling $4,627,370 through MPACT.

• The Mississippi Affordable College Savings (MACS) Program was launched during FY 2001. MACS is a

companion program to MPACT under which families can save for books, room and board, graduate school and other costs of higher education not covered under MPACT. After three years of operation, at the end of fiscal year 2004, 5,027 participants had opened MACS accounts with an invested balance of $32.8 million.

• As of June 30, 2004, bond issues totaling $698,100,000 were completed, providing funding for the refunding

and defeasance of general obligation bonds, and support of economic development activities in the state. Of the total, Mississippi issued general obligation bonds of $25,400,000; general obligation taxable bonds of $126,500,000; general obligation refunding bonds of $88,105,000; general obligation taxable variable rate bonds of $280,000,000; general obligation bonds (auction rate securities) of $83,500,000; and general obligation variable rate bonds of $94,595,000.

• Mississippi maintained its AA and Aa3 general obligation bond rating, a reflection of the Fitch, Standard & Poor’s and Moody’s favorable recognition of the financial stability of our state, their positive outlook on Mississippi’s economy, and confidence in our fiscal management.

• Our Unclaimed Property Division paid approximately $7.9 million in claims to citizens of Mississippi during

fiscal year 2004, reuniting these funds with their rightful owners. We must continue our attitude of conservative fiscal management. The economy of Mississippi and the nation as a whole continue to be buffeted by the lingering effects of 9/11, a volatile stock market, the repercussions of scandals in corporate accounting, global macroeconomic trends and the war in Iraq. Mississippi has successfully tested the budgetary safeguard measures put into place for times like these, but budgetary restraint will be necessary going forward into this next year. We must be judicious in regard to borrowing, yet willing to seize economic development opportunities when presented. With prudent fiscal policies coupled with active stewardship of our resources, I am confident that Mississippi will be prepared to seize the great economic opportunities that lie ahead.

Sincerely,


Treasurers of the State of Mississippi

(From the Admission of the State into the Union)

Samuel Brooks, Lawrence County Peter Schuyler, Unknown County Samuel Wooldridge, Adams County James Phillips, Jr., Copiah County Charles C. Mayson, Marion County James Phillips, Copiah County J.A. Van Hoesen, Copiah County Silas Brown, Hinds County H. Craig, Hinds County James G. Williams, Hinds County Joshua S. Curtis, Hinds County Richard S. Graves, Choctaw County William Clark, Hinds County Richard Griffith, Hinds County William Clark, Hinds County Shields L. Hussey, Adams & Claiborne Counties M.D. Haynes, Yazoo County W.B. Weaver, Yazoo County John H. Echols, Hinds County William H. Vassar, Monroe County G.H. Holland, Choctaw County William L. Hemingway, Carroll County J.J. Evans, Monroe County A.Q. May, Simpson County J.R. Stowers, Lafayette County G.W. Carlisle, Hinds County Thad B. Lampton, Pike County W.J. Miller, Panola County George R. Edwards, Attala County P.S. Stovall, Hinds County J.P. Taylor, Montgomery County L.S. Rogers, Holmes County W.M. Murry, Tippah County Ben S. Lowry, Covington County Webb Walley, Greene County Henry Clay Yawn, Lamar County Lewis S. May, Rankin County Newton James, Hinds County Lewis S. May, Rankin County Newton James, Hinds County R.W. May, Hinds County Newton James, Hinds County Robert D. Morrow, Rankin County Evelyn Gandy, Forrest County William F. Winter, Grenada County Evelyn Gandy, Forrest County Brad Dye, Grenada County Edwin Lloyd Pittman, Forrest County John L. Dale, George County Bill Cole, Hinds County Marshall Bennett, Hinds and Holmes Counties Peyton D. Prospere, Hinds and Washington Counties Tate Reeves, Hinds and Rankin Counties

1817 1818-1821 1821-1828 1828-1836 1836-1838 1838 1838-1839 1839 1839 1839 1840-1841 1841-1843 1843-1847 1847-1851 1851-1854 1854-1860 1860-1865 1865 1865-1869 1869-1874 1875 1875-1890 1890-1896 1896-1900 1900-1901 1901-1902 1902-1904 1904-1908 1908-1912 1912-1916 1916-1920 1920 1920-1924 1924-1928 1928-1930 1930-1932 1932-1936 1936-1940 1940-1944 1944-1948 1948-1952 1952-1956 1956-1960 1960-1964 1964-1968 1968-1972 1972-1976 1976-1980 1980 1980-1988 1988-2003 2003-2004 2004-present

State Treasury Organizational Chart

State Treasurer

Staff Officer I

Deputy Treasurer

Economist Internal Auditor

Information Technology Director

Assistant Treasurer

Cash Mgmt. & Investment

Assistant Treasurer

Unclaimed Property

Assistant Treasurer Acct. & Finance

Assistant Treasurer

Bond

Office Director I

College Savings

Senior System Admin.

Program Analyst II

Systems Analyst

Bus Assoc

Acct. Specialist

Int.

Acct. Auditor

III

Acct. Auditor II

Bank Svcs.

Coordin.

Admin. Asst. VII

Admin. Asst. VII

Admin. Asst. VII

Acct. Auditor

III

Acct. Auditor

III

Acct. Auditor

II

Acct. Auditor

II

Acct. Specialist

Sr.

Acct. Specialist

Int.

Acct. Auditor

III

Acct. Auditor II

Admin. Asst. VII

Accounting Specialist

Int..

Admin Asst. VII

Division Director II

Administrative Assistant VII

Division Director I

Acct. Auditor

III

Treasury Division Director

Admin Asst. VII

Acct. Auditor II

Executive Summary

2

A Mes s a g e From The S ta t e Trea s urer This Executive Summary Report accurately reflects the accomplishments of the Office of the State Treasurer during the fiscal year ending June 30, 2004, in compliance with Article 4, Sec-tion 115 of the Mississippi Constitution. This report is a summary of the record of commitment we share to fiscal integrity and responsible, progressive leadership. I am honored to serve the citizens of Mississippi as the 53rd State Treasurer. Mississippi has a reputation for conservative financial management that has been further enhanced by the State’s commitment to fiscal prudence during a time of national economic slowdown. In order to reduce the expense involved with the publication of a complete annual report, I am furnishing this Executive Summary Report to the Legislature. If you would prefer a copy of the complete Treasury Annual Report, please contact my office @ 601.359.3600 or you may access a PDF copy via the Treasury website @ www.treasury.state.ms.us. If I or any member of my staff may be of any assistance, please do not hesitate to contact us.

The Mississippi’s Health Care Trust Fund, was established by the Mississippi Legislature in 1999 to provide a perpetual source of revenue for health care in our state, continues to grow.

The fund began fiscal year 2000 with a balance of $280,000,000.00. The fund balance at the end of Fiscal Year 2004 was $632,488,720.50.

Mississippi Health Care Trust Fund

Investments and Cash Management Division The general fund ending cash balance

was approximately $22.4 million (prior to the required transfers. We ended the year with a reserve fund of $24.0 million, after transfers authorized by the Governor and appropriations authorized by the Legislature to meet the budg-etary needs of the state. Interest earnings for fiscal year 2004 totaled $82.3 million. At June 30, 2004, the Treasury had an invested balance of $2,757,760,529. Of total earnings, $ $5,694,455 was earned on the investment of general funds, while the remaining $76,613,528was earned on special fund invest-ments, including those from the Mississippi Health Care Trust Fund; the Working Cash

Stabilization Reserve (Rainy Day) Fund; the Mississippi Prepaid Affordable College Tui-tion (MPACT) Fund; the Workers’ Compensa-tion Fund; and the Education Trust Fund.

INVESTMENT PORTFOLIO AT JUNE 30, 2004:

Demand Deposits $ 211,481,002

Certificates of Deposit 767,358,000 Repurchase Agreements 354,484,750 Term Repos 389,116,611 U.S. Government Agencies 235,629,539 U.S. Treasuries 97,142,506 Equities (MPACT & HCTF) 461,960,608 Other Authorized Securities 240,587,513 Total $ 2,757,760,529

3

The Bond and Collateral Division is responsi-ble for the management of general obligation and revenue bonds issued by the State Bond Commission. General obligation bonds consist of (1) net direct general obligation bonds and (2) self-supporting bonds with specific revenue Pledges. Managing the State’s debt requires timely disbursement of funds to paying agent banks for scheduled principal and interest pay-

ments. The bond division also handles the reg-istrar/paying agent duties for several out-standing bond issues. The bond division over-sees the registration of the outstanding nearer bonds as to principal only. As of June 30, 2004, the Bond and Collateral Division ser-viced $3,112,850,000 of outstanding principal on State bond issues. These issues are catego-rized as follows:

Net Direct General Obligation Bonds $2,956,490,000

Self-supporting General Obligation Bonds with Specific Revenue Pledges

43,550,000

Total General Obligation Bonds $3,000,040,000 Revenue Bonds 112,810,000 TOTAL BONDED INDEBTNESS 3,112,850,000

During fiscal year 2004, Mississippi issued general obligation bonds of $203,495,000; general obligation taxable bonds of $406,500,000; and general obligation refund-ing bonds of $88,105,000. These bond au-thorizations represent Mississippi’s commit-ment to improving the quality of life through transportation, health, the environment and tourism, each an important element for eco-nomic development.

Mississippi has enjoyed very good credit rat-ings (Aa3, Moody's; AA, Standard and Poor's; AA Fitch) for many years. The rating agencies rate a state's budgeting process and examine very closely a state's overall economy for di-versity and growth potential, a sign of growing and stable revenues in the future. Mississippi maintained its AA ratings during FY 2004, de-spite the economic slowdown, thanks to exem-plary budgeting processes and the conservative attitude of the Legislature in debt issuance.

Unclaimed Property Division

Bond and Collateral Division

All tobacco settlement payments for which the use or purpose foe expenditure is not restricted by the terms of the settlement are to be depos-ited into the fund. However, for fiscal years 2003 and 2004, the annual payments were di-rected by statute to be paid into the Heath Care Expendable Fund. In fiscal year 2005, the in-stallment payment will be used top fund the $216,000,000.00 transfer to the Health Care Expendable Fund for fiscal year 2005 appro-priations. If interest and dividends from the

investment of the Health Care Trust Fund are not sufficient to fund the full amount of the annual transfer into the Health Care Expend-able Fund as required, in any fiscal year, the State Treasurer will transfer from the tobacco settlement installment payments an amount that is sufficient to fully fund the amount of the annual transfer. The Health Care Trust Fund Annual Report is available in a document sepa-rate from the Treasurer’s Annual Report.

4

The Mississippi Prepaid Affordable College Tuition (MPACT) program entered its eight full year as an overwhelming success. By the end of the fiscal year 19,410 Mississippi chil-dren were registered in MPACT, representing the hopes and dreams of thousands of Missis-sippi children who will be assured a college education. The MPACT fund had an invested balance of $138 million at the end of the year. The Mississippi Affordable College Savings (MACS) Program was approved by the 2000 session of the Mississippi Legislature and launched during FY 2001. MACS is a com-

panion program to MPACT under which fami-lies can save for books, room and board, graduate school and other costs of higher edu-cation not covered under MPACT. After three years of operation, by the end of the 2004 fis-cal year, 5,027 participants had opened MACS accounts with an invested balance of $32.8 million. Both MPACT and MACS are over-seen by a nine-member board of directors from throughout the state and a panel of four legisla-tive advisors. The College Savings Plans of Mississippi Annual Report is available in a document separate from the Treasurer’s An-nual Report.

College Savings Division

The Information Technology Division supports all divisions of the agency and interfaces with other agencies and banks as required. The de-

partment supports the computer resources nec-essary to accomplish the mission of the Treas-urer’s Office.

Information Technology (IT) Division

Finance and Accounting Division The Finance and Accounting Division is re-sponsible for maintaining accounting records for approximately 100 Treasury Department funds as set forth in the Mississippi Agency Accounting Policies and Procedures (MAAPP) manual. Reconciliations are prepared monthly to the Statewide Automated Accounting Sys-tem (SAAS) for each of these Treasury funds. GAAP (Generally Accepted Accounting Prin-

ciples) financial statements are prepared at De-cember 31 and June 30 of each fiscal year for these treasury funds maintained by the Treas-ury Department. These GAAP financial state-ments are included in the Mississippi Compre-hensive Annual Financial Report (CAFR) pre-pared by the Department of Finance and Ad-ministration at the end of each fiscal year June 30.

The State Treasurer is responsible for the ad-ministration of the Unclaimed Property Act. With the enactment of the law, funds that have been abandoned for a period of five years are reported to the Treasurer until the rightful owners are located. Every bank, savings and loan, insurance company, travelers check com-pany, utility, and business association having

such funds is required to report them to the State Treasurer. Since 1982 over $ 36 million has been returned to the rightful owners. In fiscal year 2004 the State Treasury received $3 million in abandoned property and paid ap-proximately $7.9 million in claims to citizens of Mississippi.

I. Statutory Duties

The elected office of the State Treasurer is created under Article 5, Section 134, of the Mississippi Constitution. The Mississippi Code details the fiduciary responsibilities of the Treasurer. These responsibilities include the issuance of State debt, responsibility for the timely payment of principal and interest on the State's bond and note obligations, and receiving, disbursing and investing State funds. Specifically, the State Treasurer's statutory duties are:

• to invest and account for general, special, clearing and special purpose investment funds as well as bond proceeds, according to specific legislated authorization and direction;

• to account for and invest trust funds in the custody of the Treasurer;

• to account for and disburse funds for scheduled payments on bonded indebtedness;

• to prepare all reports and maintain all records required by the Federal Tax Reform Act for

calculating any required arbitrage rebate;

• to distribute proportionate tax revenues to counties, cities, and other taxing districts of the State;

• to monitor the cash position of all Treasury funds to insure that cash balances are invested immediately and sufficient cash balances are on hand to pay obligations as they become due;

• to provide a cash flow projection for the timing of receipts and disbursements;

• to identify and recommend to other state agencies the use of cash management techniques which

speed collection and increase earnings on investment balances;

• to prepare semi-annual GAAP report packages on all funds managed by the Treasurer for inclusion in the Comprehensive Annual Financial Report prepared by the Department of Finance and Administration;

• to act as custodian of unclaimed property reported to the Treasurer and attempt to locate the

rightful owners so that they may claim their property;

• to serve as Treasurer to the Mississippi Employment Security Commission;

• to insure that all State deposits in approved depository institutions are collateralized at 105% of the deposit balance according to statute;

• to serve as custodian for securities pledged to the State and its agencies;

• to annually approve and issue a commission to all financial institutions serving as depositories for

State funds;

• to process and pay all warrants issued by the State in payment of its obligations;

• to administer the Mississippi Prepaid Affordable College Tuition (MPACT) Program and invest the corpus of the MPACT Trust Fund on behalf of the purchasers of state-guaranteed college tuition contracts; and

• to oversee the Mississippi Affordable College Savings (MACS) Program and monitor

performance of the MACS Program Manager.

II. Representation of Executive Branch The State Treasurer also represents the Executive Branch on various boards and commissions. These entities work for the realization of many fundamental aspects of a quality life---from the development of essential infrastructure such as clean water and affordable housing, to the development of young minds for future economic contributions to the workplace. These authorities are:

The State Bond Commission The State Bond Commission shares with the Legislature responsibility for the direction of Mississippi's capital investment and debt financing. The Commission is composed of the Governor, the Attorney General and the Treasurer. Under Bond Commission direction, issuances were made in fiscal year 2004 to foster economic development, strengthen the economy and create jobs through funding to finance education and preserve history---both now and for the future. These financings included the funding of improvements to transportation infrastructure; preservation of historic sites and ethnic heritage; assistance to communities in planning and development; to advance technology and education; and to support small business, minority ownership and entrepreneurship.

The College Savings Plans of Mississippi Board The Treasurer serves as an ex-officio member of the College Savings Plans Board. This Board is responsible for Mississippi’s two college savings programs: MPACT and MACS. The Mississippi Prepaid Affordable College Tuition (MPACT) program began its seventh full year of operation at the beginning of fiscal year 2004, administered in the Treasury Department under the rules established by the board. During FY 2004, MPACT offered a Fall enrollment period and we are pleased to report that over 1,900 Mississippi children were enrolled through the efforts of this very important program. Total enrollment for the program had reached 19,410 by the end of FY 2004, with an invested balance of $138 million. During fiscal year 2000 the Legislature approved the MACS (Mississippi Affordable College Savings) program as a complementary program to MPACT. During FY 2001 the board hired TIAA-CREF Tuition Financing, Inc., an affiliate of the Teachers Insurance and Annuity Association College Retirement Equity Fund (TIAA-CREF), to manage the MACS Program. The board also wrote program rules and approved investment plans for MACS. The MACS program opened for enrollment in March 2001. During FY 2004, the MACS program opened an additional 1,618 accounts to reach total enrollment of 5,027 and increased assets under management to $32.8 million.

The State Prison Emergency Construction and Management Board The Treasurer serves with the Lieutenant Governor and the Attorney General on the State Prison Emergency Construction and Management Board (SPECM). Established by the legislature in 1994, SPECM's directive was to double the capacity of the State's penal system over two years via construction of 2,116 new public prison beds and 2,000 beds in privately managed facilities. The efforts of SPECM, the Department of Corrections and local law enforcement officers are sending a clear message to the criminal elements in the state that Mississippi is serious about fighting crime and is determined to do whatever it takes in order to insure public safety for our citizens.

The Economic Development Strategic Planning Task Force

The Treasurer is a board member of this group comprised of leaders from the public and private sectors in the fields of business, health, education, labor, agriculture and government. Created by the Legislature in 1989, the purpose of the Task Force was to develop and implement a long-term strategic plan to revitalize the State economy and prepare Mississippi for competition in the global market. In its first year the Task Force completed an analysis of Mississippi's economic development potential entitled

Seizing the Future: A Commitment to Competitiveness. The result of the first year of work by the new Task Force was: “Seizing the Future: On the Right Track,” presented to the 1999 Mississippi Legislature with recommendations in the areas of Human Resources, Strategic Resources, Business Resources, Technology Resources, Social Resources, and Physical Resources.

The Public Employees' Retirement System

The Treasurer is a member of the Board of Trustees of the Public Employees’ Retirement System PERS), which oversees the administration and operation of the System, including the investment of all System funds according to legislated authority. There are over 157 thousand contributing members of the Retirement System, including employees of State agencies, public schools, State universities and Community or Junior Colleges, local governments, as well as other political subdivisions and juristic entities.

In absolute terms, the investment results for fiscal year 2004 produced a total fund return of 14.6%. The System has shown an annualized rate of return of 2.2% for the past 5 years. System assets increased from $15.0 billion to $16.9 billion based on market value, through cash flow and investment performance. For the 2004 fiscal year, domestic and non-U.S. equities had returns of 21.6% and 27.5%, respectively, compared to the System benchmark returns of 20.5 % and 32.4%, respectively. PERS’ debt securities returned 0.2% compared with a 0.3% return of the Lehman Brothers Aggregate Index. Real estate investments experienced returns of 20.3% for the year end as compared with the System’s benchmark returns of 10.8% and 29.3%. The total return of 14.6% compares with PERS’ Total Fund Benchmark of 16.0% (Callan Associates Plan Sponsor – Large Funds).

The Board of Trustees and staff continually evaluate the asset allocation of the investments of the System with preservation of principal being the primary goal. Maximizing investment results to meet the funding needs of the System in the coming decade is the challenge that PERS faces as we prepare for the future.

The Mississippi Business Finance Corporation The Treasurer is an ex-officio member of the Mississippi Business Finance Corporation (“MBFC”), a non-profit corporation with the mission of coordinating a variety of state resources in order to assist businesses in obtaining financing for establishing new facilities, in expanding existing businesses, and to position the State as an aggressive competitor in the global market. MBFC represents a cooperative effort between the public and private sectors to stimulate both commercial and industrial development and expansion by administrating financing programs that provide competitive or below market interest rates and tax incentives for qualified projects. MBFC serves as a comprehensive financing source, allowing companies locating or expanding in Mississippi to review certain financing and incentive alternatives through the corporation. Legislation in the 2001 session ended a statutory relationship between MBFC and the Mississippi Development Authority (“MDA”); however, MBFC continues to work cooperatively with MDA and all other Mississippi economic development entities in the creation of new jobs and increased capital investment. The board of directors of MBFC also serves as directors of the Mississippi Development Bank (“MDB”). MDB was created to issue bonds to make funds available to local governmental units at reduced rates and at more favorable terms to finance infrastructure improvements and for other public purposes. During Fiscal year 2004, MBFC/MDB approved 73 projects while funding 51 projects totaling over $686,499,925 that created or preserved 2,280 jobs.

License Tag Commission

The Commission is composed of the Governor, the Attorney General and the State Treasurer and is authorized to negotiate and contract for the purpose of license or number tags for the passenger and commercial vehicles in Mississippi. Every four years a new license tag design is selected. The next new design is due to be selected in fiscal year 2005, and will begin appearing on vehicles during the second quarter of fiscal year 2006.

Historic Properties Trust Fund Advisory Committee

The Treasurer is a member of the Historic Properties Trust Fund Advisory Committee. The Historic Properties Trust Fund was established by the Legislature in 1987 to promote private fundraising that will encourage the preservation, restoration and development of significant historic sites around the State. During fiscal year 1999 the Legislature approved the Mississippi Landmark Grant Program, establishing the Mississippi Historic Properties Trust Fund within the State Treasury. Initial funding for the trust was $10 million set aside from the Unclaimed Property Fund. The interest and income generated by investing this money is transferred quarterly to the Mississippi Landmark Grant Program to be used by the Department of Archives and History for the purpose of acquiring, preserving, restoring, supporting, operating and administering Mississippi Landmark properties or for specific historical projects. Additional funds come from donations, bequests, gifts and grants. Boards of Supervisors of counties and governing authorities of municipalities may make contributions to the program for use on specific properties. During fiscal year 2003, the Historic Properties Trust Fund earned interest totaling $159,217.09, which was transferred to the Mississippi Landmark Grant Program.

Mississippi Tort Claims Board The Treasurer serves as a member of the Tort Claims Board, which administers the State Tort Claims Fund. The Legislature created this fund to pay claims arising from the abolishment of sovereign immunity of governmental agencies effective July 1, 1993. The sovereign immunity from torts previously enjoyed by State Government has been waived to the extent of $50,000 for torts occurring before July 1, 1997; $250,000 from July 1, 1997 to July 1, 2001; and $500,000 after July 1, 2001. The Board also approves all state and local government pools and coverage plans. The Mississippi Tort Claims Board has also been charged by the 2003 Mississippi Legislature with the direction of the Mississippi Medical Malpractice Plan. This plan is intended to provide a temporary market of last resort for medical malpractice insurance for hospitals, institutions for the aged or infirm, or other health care facilities. Professional Liability Coverage is available on a claims-made basis only. The limit of liability for participants who are political subdivisions are $500,000 per single occurrence and $2,000,000 annual aggregate and a maximum of $1,000,000 per single occurrence and $3,000,000 annual aggregate for all other participants. Defense cost is in addition to the limit. The Mississippi Medical Malpractice Plan provides that in the event of an underwriting deficit at the end of any fiscal year the Plan is in effect, the Plan board of directors may make a premium contingency assessment against all policyholders during such year.

Mississippi Health Care Trust Fund

The Treasurer serves as Chairman of the 13-member Board of the Mississippi Health Care Trust Fund, established by the 1999 Mississippi Legislature. The Board oversees the investments of the care funds of over $ 631 million. The Mississippi Health Care Trust Fund submits a separate annual report as of June 30, 2004

III. Management of the State Treasurer's Office

Investments and Cash Management Division Investment objectives of the Investments and Cash Management Division are safety, liquidity and yield. The State Treasurer and the Executive Director of DFA analyze monthly the amount of cash in the General Fund and Special Funds of the State to determine the excess that is not needed for meeting immediate requirements of the State. The excess cash is determined by a cash flow model provided by the State Treasurer. The cash flow model forecasts revenues and expenditures and is used to analyze the amount of funds on deposit. The excess cash is invested by the Treasurer in securities prescribed in Section 27-105-33, et. Seq., of the Mississippi Code of 1972 Annotated, as amended. The securities in which State funds may be invested include certificates of deposit with qualified State depositories, repurchase agreements (fully secured by direct United States Treasury obligations, United States Government agency obligations, United States Government instrumentalities or United States Government sponsored enterprise obligations), direct United States Treasury obligations, United States Government agency obligations, United States Government instrumentalities or United States Government sponsored enterprise obligations, and any open-end or closed-end management type investment company or investment trust registered under the provisions of 15 U.S.C. Section 80(a)-1 et. seq., provided that the portfolio is limited to direct obligations issued by the United States of America, United States Government agency obligations, United States Government instrumentalities or United States Government sponsored enterprise obligations and to repurchase agreements fully collateralized by the securities listed above for repurchase agreements. A qualified State depository is required to collateralize at least 105% of the amount of funds held on deposit that are in excess of the $100,000 FDIC insurance limit. State funds invested with qualified State depositories earn an interest rate no less than that numerically equal to the bond equivalent yield on direct obligations of the United States Treasury of comparable maturity, as determined by the State Treasurer. The State Treasurer also invests the Mississippi Educational Improvement Trust Fund, the Working Cash Stabilization Reserve Fund and the Mississippi Health Care Trust Fund. The three funds are invested with outside money managers to enable the State to increase its interest earnings on the funds. The Working Cash Stabilization Reserve Fund is the rainy day fund for the state. The Mississippi Educational Improvement Trust Fund’s income may be appropriated by the Mississippi Legislature for the exclusive purpose of the education of elementary and secondary school students and/or vocational training in the state. The Mississippi Health Care Trust Fund’s income may also be appropriated by the Mississippi Legislature for health care purposes.

INVESTMENT PORTFOLIO AT JUNE 30, 2004:

Demand Deposits $ 211,481,002 Certificates of Deposit 767,358,000 Repurchase Agreements 354,484,750 Term Repurchase Agreements 389,116,611 U.S. Government Agencies 235,629,539 U.S. Treasuries 97,142,506 Equities (MPACT & HCTF) 461,960,608 Other Authorized Securities 240,587,513

Total $2,757,760,529

Bond and Collateral Division The Bond and Collateral Division is responsible for the management of general obligation and revenue bonds issued by the State Bond Commission. General obligation bonds consist of (1) net direct general obligation bonds and (2) self-supporting bonds with specific revenue pledges. Managing the State’s debt requires timely disbursement of funds to paying agent banks for scheduled principal and interest payments. The bond division also handles the registrar/paying agent duties for several outstanding bond issues. This division oversees the registration of the outstanding bearer bonds as to principal only. Historical information regarding each issue is maintained by the Bond and Collateral Division. As of June 30, 2004, the Bond and Collateral Division serviced $3,112,850,000 of outstanding principal on State bond issues. These issues are categorized as follows:

Net Direct General Obligation Bonds

$2,956,490,000

Self-Supporting General Obligation Bonds with Specific Revenue Pledges

43,550,000

Total General Obligation Bonds

3,000,040,000

Revenue Bonds

112,810,000

TOTAL BONDED INDEBTEDNESS

3,112,850,000

3.62%

1.40%

94.98%

Net Dir. G.O. Bonds ($2.95 billion)

Self-Sup. G.O. Bonds ($43.55 million)

Revenue Bonds ($112.81 million)

Net Direct General Obligation Bonds [$2,956,490,000 (94.98%)] - Bonded debt payable only by appropriation from the General Fund or by specific sources of revenue which would otherwise accrue to the General Fund except for servicing of such debt. These obligations are secured by the full faith and credit of the State.

Self-Supporting General Obligation Bonds with Specific Revenue Pledges [$43,550,000 (1.40%)] - Bonded debt payable from user-fee revenues, specific project revenues and certain other special fund receipts. These obligations are backed by the full faith and credit of the State. Total General Obligation Bonds [$3,000,040,000 (96.38%] - Bonded debt of the State to which the full faith and credit of the State is pledged. (Total of net direct general obligation bonds and self-supporting general obligation bonds with specific revenue pledges.)

Revenue Bonds [$112,810,000 (3.62%)] - Bonded debt payable solely from a specific revenue pledge derived from operating the facilities acquired. The full faith and credit of the State is not pledged.

Total Bonded Indebtedness [$3,112,850,000 (100%)] - All bonded debt of the State, both general obligation and revenue bonds. This total does not include State-aid road bonds.

The Bond and Collateral Division also monitors the investment earnings on the gross proceeds of all federally tax-exempt State bond issues. U.S. Treasury regulations limit the yield at which proceeds on bond issues can be invested. These excess earnings are realized when bonds are sold at tax-exempt interest rates and the proceeds are then invested in securities that earn higher taxable yields. The Bond Division is also required to maintain an inventory of collateral pledged by state depositories to secure public funds for all governmental entities. The collateral is segregated by depository, and the par and market values of these securities are recorded and monitored according to changing market conditions. As of June 30, 2004 the market value of these securities exceeded $4 billion. In addition, the Bond Division is a safekeeping facility for state agencies, which hold securities for retainage, bonding and other performance guaranty purposes.

New Bond Issues During fiscal year 2004, Mississippi issued general obligation bonds of $203,495,000; general obligation taxable bonds of $406,500,000; and general obligation refunding bonds of $88,105,000. The bonds, listed in order of issue, are: $80,250,000 Taxable General Obligation Bonds – Mississippi Rural Impact Act Issue, Mississippi Business Investment Act, Small Municipalities and Limited Population Counties Issue, Mississippi Major Economic Impact Issue and Farish Street Historic District Project Issue, to finance various economic development loans, grants and programs, and to fund loans and grants for the development of commercial property and culturally significant property in the Farish Street Historical District in Jackson, Mississippi. $20,000,000 General Obligation Bonds – to provide funding for the Local System Bridge Replacement and Rehabilitation Fund Project. $46,250,000 Taxable General Obligation Bonds – State Shipyard Improvements, Regional Retail Shopping Mall and Franklin County Lake and Recreational Complex Road Construction Projects, to provide funding for improvements to the state shipyard in Pascagoula, Mississippi, and to provide funding to a regional shopping mall in accordance with the Major Economic Impact Act, and to fund improvements to the Franklin County Lake and Recreational Complex. $280,000,000 Taxable Variable Rate General Obligation Bonds – Nissan North America, Inc. Project, Series 2003A and 2003B, to provide financial assistance to a project described in Section 57-7-5 (f) (iv) of the Major Economic Impact Act for Nissan North America, Inc. to be located in Madison County and to refinance the Taxable General Obligation Notes (Mississippi Major Economic Impact Act Issue, Series 2002B) dated December 19, 2002 previously issued to finance the project. $83,500,000 General Obligation Bonds (Auction Rate Securities) - Nissan North America, Inc. Project, Series 2003C, to provide financial assistance to a project described in Section 57-7-5 (f) (iv) of the Major Economic Impact Act for Nissan North America, Inc. to be located in Madison County and to refinance the Taxable General Obligation Notes (Mississippi Major Economic Impact Act Issue, Series 2002B) dated December 19, 2002 previously issued to finance the project. $88,105,000 General Obligation Refunding Bonds – Series 2003D, to provide funds to currently refund or advance refund and defease certain maturities of various series of tax exempt general obligation bonds issued by the state. 94,595,000 Variable Rate General Obligation Bonds – Capital Improvements, Series 2003E, to finance various capital improvements in the state including the state’s agencies and universities, to develop and construct a golf course and related facilities at Hugh White State Park, to finance a portion of the cost of acquisition of nationally significant Civil War battlefield properties, to finance repairs and renovations to the Mississippi Veterans Memorial Stadium, to provide disaster assistance for storm damage to public facilities and infrastructure, to provide funding for the Water Pollution Control Revolving Fund, to finance

a portion of the cost of constructing the Ohr-O’Keefe Museum of Art in Biloxi, Mississippi, to provide funding for the Mississippi Community Heritage Preservation Grant program, and to fund a rural fire truck acquisition assistance program. $5,400,000 General Obligation Bonds – Mississippi Small Enterprise Development Finance Act Issue, 2004 Series A through C, to provide funds to finance certain loans to qualified private companies for the acquisition, construction, installation, equipping and/or rehabilitation of manufacturing and/or processing facilities in order to promote economic development.

5-year Bond Indebtedness (June 30 year end balances)

Fiscal Year (In millions of $)

2000

2001

2002

2003

2004

Net Direct Debt

2,030.09

2,434.25

2,670.14

2,823.65

2,956.49 Self-Supporting G.O. Bonds

55.00

49.89

44.58

48.99

43.55 Total G.O. Bonds

2,085.09

2,484.14

2,714.72

2,872.64

3,000.40 Revenue Supported

183.68

166.20

152.09

132.82

112.81 Total Bonded Indebtedness

$2,268.77

$2,650.34

$2,866.81

$3,005.46

$3,112.85

Total Bonded Indebtedness

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

1999 2000 2001 2002 2003 2004(in millions of $)

Total Gross Debt Net Direct G.O. Debt

Revenue Supported Debt Self-Supporting G.O. Debt

Finance and Accounting Division The Finance and Accounting Division is responsible for maintaining accounting records for approximately 100 Treasury Department treasury funds as set forth in the Mississippi Agency Accounting Policies and Procedures (MAAPP) manual. Reconciliations are prepared monthly to the Statewide Automated Accounting System (SAAS) for each of these treasury funds. GAAP (Generally Accepted Accounting Principles) financial statements are prepared at December 31 and June 30 of each fiscal year for these treasury funds maintained by the Treasury Department. These GAAP financial statements are included in the Mississippi Comprehensive Annual Financial Report (CAFR) prepared by the Department of Finance and Administration at the end of each fiscal year June 30. Other major responsibilities include the verification of the receipt of funds transmitted daily to the Treasury Department from the Department of Finance and Administration and the daily reconciliation of the cash balance in the State Treasury. The Finance and Accounting Division is also responsible for (1) the preparation of the Treasurer’s Statement of Condition; (2) the development of the Treasurer’s budget requests; (3) purchasing of office supplies and equipment; and, (4) the preparation of the monthly payroll. In cooperation with the Mississippi Tax Commission, the Finance and Accounting Division is responsible for disbursing certain tax diversions such as sales, gas severance, oil severance, timber severance and petroleum to the various counties and municipalities throughout the State. Schedules are maintained by this division detailing all tax diversions by treasury fund.

Unclaimed Property Division The State Treasurer is responsible for the administration of the Unclaimed Property Act. With the enactment of the law, funds that have been abandoned for a period of five years are reported and remitted to the Treasurer until the rightful owners are located. Every bank, savings and loan, insurance company, travelers check company, utility, and business association having such funds is required to report them to the State Treasurer. Since 1982 app. $36 million has been returned to the rightful owners. The chart illustrates the sources of cash collections of Unclaimed Property funds for fiscal year 2004.

Sources of Unclaimed Property 2003

Other30%

Banks & S&L's12%

Utilities1%

Insur. Co.'s15%

Corporations42%

$0$2,000,000$4,000,000$6,000,000$8,000,000

$10,000,000$12,000,000

FY92

FY94

FY96

FY98

FY00

FY02

FY04

Unclaimed Property Receipts and Claims

ReceiptsClaims

Information Technology (IT) Division The Information Technology Division supports all divisions of the agency and interfaces with

other agencies and banks as required. The department supports the computer resources necessary to accomplish the mission of the Treasurer’s Office. These resources include a Local Area Network (LAN), six windows 2000 servers, two dedicated UNIX severs, PCs in each division and access to the State Computer Center. The mission critical information systems include the Portfolio Management System; the Unclaimed Property System, the Collateral/Securities System, the Mississippi Prepaid Affordable Collage Tuition (MPACT) System; the Warrant Reconciliation and Daily Cash Balancing System. The effective use of office automation technology such as word processing, spreadsheets, E-mail and shared printers allows Treasury personnel to quickly and professionally respond to internal requests as well as communicate with the public.

The daily operations of paying all warrants issued by the State, reconciling warrant payments with the banks, recording all monies deposited into State funds and maintaining the cash balance of all state funds are other responsibilities of the IT division.

College Savings Division

The College Savings division administrates the Mississippi Prepaid Affordable College Tuition

(MPACT) Program and the Mississippi Affordable College Savings Program (MACS). These two programs are administered within the State Treasury Department under policies established by the College Savings Plans of Mississippi Board of Directors. The Division also acts as staff for the Board under the direction of the State Treasurer.

MPACT is a program allowing Mississippians to pay in advance for some of the costs associated with higher education for their children and grandchildren and receive a guarantee from the State as to the payment of tuition and fees at State-supported institutions at the time of college enrollment. It was authorized under S.B. 2237, Laws of 1996, Mississippi Code Annotated 37-155-1 et. seq. The objective of the MPACT program is to assist Mississippi families in saving for college educations. This objective will be accomplished by effectively promoting and marketing MPACT contracts to the people of Mississippi, earning the highest possible return on investments of the MPACT Trust Fund without incurring inappropriate levels of risk, ensuring that the MPACT Trust Fund remains actuarially sound, and effectively managing the processing of applications, collection of contract payments from purchasers and distribution of payments due to universities or community/junior colleges. This Division manages the

MPACT program, and coordinates the work of MPACT’s Investment Consultants, Money Managers, Consultant/Actuaries, Marketing Contractor and Records Administrator.

During FY 2004, prepaid tuition contracts were again offered for sale to the public during a

successful third enrollment period (September 1 – November 30, 2003). The total number of applications received rose to 19,410. Participants funded their prepaid tuition contracts by approximately $138 million by the end of FY 2004. During the fiscal year, approximately 1,800 college students were eligible for tuition payment under the MPACT plan. During the year plans were made for the 2004 enrollment campaign, and the MPACT office served the needs of participants with their payment plan changes and information requests.

The MACS Program was established by the Legislature in fiscal year 2000 under S.B. 2298, Laws of 2000, Mississippi Code Annotated 37-155-101 et. seq. Under MACS, a complementary program to MPACT, families may save for tuition or expenses not covered under the prepaid tuition plan, such as fees, graduate school, books, computers, room and board and other expenses related to college. During FY 2001 the College Savings Plans Board hired TIAA-CREF Tuition Financing, Inc., an affiliate of the Teachers Insurance and Annuity Association College Retirement Equity Fund (TIAA-CREF), to manage the MACS Program. TIAA-CREF already manages successful college savings plans for 10 other states, including New York and California. The MACS program opened for enrollment in March of 2001. MACS is open for enrollment year round. At the end of fiscal year 2004, a total of 5,027 MACS savings accounts had been opened and participants had accumulated an invested balance of $32.8 million. During FY 2004 College Savings Division staff participated in numerous conferences and events around the state informing citizens about their investment opportunities under the two college savings programs.

IV. Interest Earned

The Mississippi Treasury Department earned $82.3 million on all State investments in FY 2004.

Over the last eight years, the State Treasurer has earned over $854,777,837.

$0$20,000,000$40,000,000$60,000,000$80,000,000

$100,000,000$120,000,000$140,000,000$160,000,000

1997 1998 1999 2000 2001 2002 2003 2004Years ending June 30

Interest Revenue

General, Special, Education Enhancement, Clearing Funds

Special Funds Investments

Interest Revenue

Special Funds Investments

General, Special, Education Enhancement, Clearing Funds

Total

1997 $49,292,404 $68,509,534 $117,801,938

1998 $59,227,267 $67,171,075 $126,398,342

1999 $73,240,849 $65,852,174 $139,093,023

2000 $93,961,619 $63,332,469 $157,294,088

2001 $55,347,476 $79,948,048

$135,295,524

2002 $58,110,764 $21,775,800 $79,886,564

2003 $4,624,944

$12,075,431 $16,700,375

2004

$76,460,471 $5,847,512 $82,307,983

Historical Information

STATE TREASURYHISTORICAL INFORMATION

FOR THE YEARS ENDED JUNE 30

2000

FINANCIAL INFORMATION:

General Fund Net Cash Balance $113,176,656

Special Funds Net Cash Balance 932,537,376

Education Enhancement Funds Net Cash Balance 65,537,375

Clearing Funds Net Cash Balance 120,881,248

Total General, Special, Education Enhancement and Clearing Funds 1,232,132,655

Special Funds Investment Balances 1,524,308,998

Balance in the State Treasury Net of Outstanding Warrants $2,756,441,653

Interest Revenue on General, Special, Education Enhancement & Clearing Funds $63,332,469

Interest Revenue on Special Funds Investment Balances 93,961,619

Total Interest Revenue on General, Special, Education Enhancement & Clearing Funds and Special Funds Investment Balances $157,294,088

BONDED INDEBTEDNESS:

General Obligation Bonds:

Net Direct General Obligation Bonds $2,030,086,000

Self-Supporting General Obligation Bonds With Specific Revenue Pledges 55,007,000

Total General Obligation Bonds 2,085,093,000

Revenue Bonds 183,680,000

Total Bonded Indebtedness $2,268,773,000

2001 2002 2003 2004

$100,891,196 $84,139,152 $111,180,561 $67,543,219

1,357,364,333 1,339,915,837 1,398,946,265 1,159,056,856

27,222,566 29,114,567 24,457,932 25,409,498

117,074,835 116,387,462 126,021,868 118,228,886

1,602,552,930 1,569,557,018 1,660,606,626 1,370,238,459

1,437,321,075 1,548,456,515 1,313,582,163 1,191,833,300

$3,039,874,005 $3,118,013,533 $2,974,188,789 $2,562,071,759

$79,948,048 $21,775,800 $12,075,431 $5,847,512

55,347,476 58,110,764 4,624,944 76,460,471

$135,295,524 $79,886,564 $16,700,375 $82,307,983

$2,434,252,000 $2,670,148,000 $2,823,654,000 $2,956,490,000

49,890,000 44,580,000 48,995,000 43,550,000

2,484,142,000 2,714,728,000 2,872,649,000 3,000,040,000

166,205,000 152,090,000 132,820,000 112,810,000

$2,650,347,000 $2,866,818,000 $3,005,469,000 $3,112,850,000

Financial Section

STATE TREASURY SUMMARY OF GENERAL, SPECIAL, EDUCATION

ENHANCEMENT AND CLEARING FUNDS FOR THE YEAR ENDED JUNE 30, 2004

GENERAL FUND

Net Cash Balance at June 30, 2003 $111,180,561 Add: Outstanding Warrants at June 30, 2003 43,032,065 Less: Prior Year Adjustments 29,766,599 Adjusted Cash Balance at July 1, 2003 124,446,027 Add: Receipts 3,629,065,432 Less: Disbursements 3,669,372,704 Cash Balance at June 30, 2004 84,138,755 Less: Outstanding Warrants at June 30, 2004 16,595,536

General Fund Net Cash Balance at June 30, 2004 $67,543,219

SPECIAL FUNDS

Net Cash Balance at June 30, 2003 $1,398,946,265 Add: Outstanding Warrants at June 30, 2003 113,944,724 Add: Prior Year Adjustments 30,544,833 Adjusted Cash Balance at July 1, 2003 1,543,435,822 Add: Receipts 9,383,801,555 Less: Disbursements 9,586,012,630 Cash Balance at June 30, 2004 1,341,224,747 Less: Outstanding Warrants at June 30, 2004 182,167,891

Special Funds Net Cash Balance at June 30, 2004 $1,159,056,856

EDUCATION ENHANCEMENT FUNDS

Net Cash Balance at June 30, 2003 $24,457,932 Add: Outstanding Warrants at June 30, 2003 321,610 Less: Prior Year Adjustments 874,511 Adjusted Cash Balance at July 1, 2003 23,905,031 Add: Receipts 218,286,428 Less: Disbursements 216,678,940 Cash Balance at June 30, 2004 25,512,519 Less: Outstanding Warrants at June 30, 2004 103,021

Education Enhancement Funds Net Cash Balance at June 30, 2004 $25,409,498

STATE TREASURY SUMMARY OF GENERAL, SPECIAL, EDUCATION

ENHANCEMENT AND CLEARING FUNDS FOR THE YEAR ENDED JUNE 30, 2004

CLEARING FUNDS

Net Cash Balance at June 30, 2003 $126,021,868 Add: Outstanding Warrants at June 30, 2003 405 Adjusted Cash Balance at July 1, 2003 126,022,273 Add: Receipts (7,764,264) Less: Disbursements 19,728 Cash Balance at June 30, 2004 118,238,281 Less: Outstanding Warrants at June 30, 2004 9,395

Clearing Funds Net Cash Balance at June 30, 2004 $118,228,886

RECAP OF ALL FUNDS

Net Cash Balance at June 30, 2003 $1,660,606,626 Add: Outstanding Warrants at June 30, 2003 157,298,804 Less: Net Prior Year Adjustments 96,277 Adjusted Cash Balance at July 1, 2003 1,817,809,153 Add: Receipts 13,223,389,151 Less: Disbursements 13,472,084,002 Cash Balance at June 30, 2004 1,569,114,302 Less: Outstanding Warrants at June 30, 2004 198,875,843

General, Special, Education Enhancement & Clearing Funds Net Cash Balance at June 30, 2004 $1,370,238,459

STATE TREASURYSCHEDULE OF MONTHLY RECEIPTS AND DISBURSEMENTS

FOR THE YEAR ENDED JUNE 30, 2004

MONTHENDED RECEIPTS DISBURSEMENTS BALANCE

GENERAL 06/03 $124,446,027FUND 07/03 $162,416,624 $271,408,759 15,453,892

08/03 238,421,437 238,044,122 15,831,207 09/03 357,378,542 297,107,656 76,102,093 10/03 311,607,484 357,674,921 30,034,656 11/03 269,112,228 261,675,803 37,471,081 12/03 295,753,545 284,896,080 48,328,546 01/04 319,235,252 311,959,762 55,604,036 02/04 195,162,032 149,758,762 101,007,306 03/04 328,447,080 342,309,240 87,145,146 04/04 382,569,806 409,622,716 60,092,236 05/04 300,471,784 312,685,108 47,878,912 06/04 468,489,618 432,229,775 $84,138,755

TOTALS $3,629,065,432 $3,669,372,704

SPECIAL 06/03 $1,543,435,822FUNDS 07/03 $714,721,627 $888,804,516 1,369,352,933

08/03 726,360,166 800,990,162 1,294,722,937 09/03 672,638,793 718,539,241 1,248,822,489 10/03 707,813,120 708,006,300 1,248,629,309 11/03 1,053,594,486 1,111,077,949 1,191,145,846 12/03 1,036,735,684 818,625,030 1,409,256,500 01/04 640,042,232 707,011,039 1,342,287,693 02/04 746,422,615 921,812,787 1,166,897,521 03/04 822,538,044 802,840,294 1,186,595,271 04/04 841,610,910 785,165,684 1,243,040,497 05/04 629,840,259 718,660,285 1,154,220,471 06/04 791,483,619 604,479,343 $1,341,224,747

TOTALS $9,383,801,555 $9,586,012,630

::

STATE TREASURYSCHEDULE OF MONTHLY RECEIPTS AND DISBURSEMENTS


MONTHENDED RECEIPTS DISBURSEMENTS BALANCE

EDUCATION 06/03 $23,905,031ENHANCEMENT 07/03 $19,469,629 $22,152,022 21,222,638FUNDS 08/03 (993,817) 14,443,507 5,785,314

09/03 34,765,630 15,227,708 25,323,236 10/03 17,313,381 15,248,385 27,388,232 11/03 17,550,148 17,235,944 27,702,436 12/03 14,431,532 18,506,839 23,627,129 01/04 21,601,773 17,191,433 28,037,469 02/04 15,785,557 19,678,795 24,144,231 03/04 16,937,334 16,354,000 24,727,565 04/04 17,504,380 16,639,751 25,592,194 05/04 21,186,612 19,656,356 27,122,450 06/04 22,734,269 24,344,200 $25,512,519

TOTALS $218,286,428 $216,678,940

CLEARING 06/03 $126,022,273FUNDS 07/03 ($19,093,558) $8,050 106,920,665

08/03 21,320,411 83 128,240,993 09/03 (21,161,107) 434 107,079,452 10/03 493,971 743 107,572,680 11/03 (610,471) 641 106,961,568 12/03 1,150,356 344 108,111,580 01/04 56,415,490 1,691 164,525,379 02/04 (46,537,709) 605 117,987,065 03/04 8,554,558 247 126,541,376 04/04 (9,676,451) 2,409 116,862,516 05/04 7,876,074 357 124,738,233 06/04 (6,495,828) 4,124 $118,238,281

TOTALS ($7,764,264) $19,728

STATE TREASURYSCHEDULE OF GENERAL FUND RECEIPTS


TAXESTax Commission Taxes

40020 Beer & Wine Tax 30,382,12740040 Corporation Income & Franchise Tax 315,532,72140070 Income Tax-Regular 227,902,19540080 Income Tax-Withheld-General Fund 833,584,83340100 Inheritance Tax 15,914,82840110 Installment Loan Tax 8,223,43740140 Sales Tax, Casual Auto 7,613,96340150 Sales Tax 1,492,774,78940230 Statewide Privilege Tax 474,42140240 Timber Severance Tax 1,25340270 Tobacco Tax 55,587,23540280 Use (Compensating) Tax 154,271,69040300 Liquor Excise Tax 9,526,05640310 Liquor Privilege Tax 2,346,62540380 Payment in Lieu of Taxes-Nuclear Plant 1,200,000

Insurance Department Taxes40500 Insurance Premium Tax-General Fund 132,825,51640530 Insurance Premium Tax 2,601,31540540 Insurance Premium Tax 11,104,047

Motor Vehicle Division of Tax Commission Taxes40730 Penalty-Dyed Diesel Fuel Tax 1,00040830 Auto Tag Fees 12,534,05640840 Auto Title Revenues 3,980,139

Other Taxes40920 Other Motor Fuels 1,014,085

TOTAL TAXES 3,319,396,331

GENERAL FUND FEESDepartment of Agriculture & Commerce Fees

41010 Feed & Fertilizer Fees 626,69041020 Seed & Grain Fees & Permits 109,69041090 Other Licenses, Fees & Permits 82,593

Highway Public Safety Fees41100 Drivers' Licenses 9,660,18941101 Drivers' License Report Fees 6,263,72841102 Drivers' License Reinstatement Fees 31,51541120 Vehicle Inspection Fees 3,740,63641140 Other Hwy Safety Patrol Fees 3,683

Miscellaneous General Fund Fees41350 Tax Commission Fees 44,62841380 Gaming Fees 167,328,27141390 Other General Fund Fees 102

TOTAL GENERAL FUND FEES 187,891,725



REGULATORY & OTHER SPECIAL FUND FEESOther Special Fund Fees

41770 Conference Registration Fees 641780 City Owned Gas Utilities 3041790 Utilities Fees (Tax Comm for Pub. Service) 1441990 Other Licenses, Fees & Permits 12,899

TOTAL REGULATORY & OTHER SPECIAL FUND FEES 12,949

FINES, FORFEITS & PENALTIESForfeitures

42210 Seized & Forfeited Property 29,558

Other Fines & Penalties42350 Other Fines & Penalties 64,65542440 General Fund-Implied Consent Fee 672,35542450 General Fund-Game & Fish Fee 225,47242460 General Fund-Other Misdemeanors 2,748,05742470 General Fund-Other Felonies Fee 434,87742472 General Fund-Motor Vehicle Liability Insurance 4,456,02242480 Appearance Board Fee 2,077,926

TOTAL FINES, FORFEITS & PENALTIES 10,708,922

RENT & USE OF STATE PROPERTYRent & Use of State Property

43170 Rental of Office Space 5,345,291

TOTAL RENT & USE OF STATE PROPERTY 5,345,291

INTEREST, DIVIDENDS & GAINS FROM SALE OF INVESTMENTSInterest, Dividends & Gains From Sale of Investments

43300 Interest on Investments-General Fund 6,270,90543370 Interest on Checking/Savings Accts 7,71643390 Other Interest 3,175

TOTAL INTEREST, DIVIDENDS & GAINS FROM SALE OFINVESTMENTS 6,281,796

GRANTSFederal Grants-in-Aid

44120 National Guard 43944190 T.V.A. Payments in Lieu of Taxes 1,902,408

TOTAL GRANTS 1,902,847



REVENUE FROM CURRENT SERVICESRevenue from Current Services

45010 Sale of Supplies/Svcs-Outside Agencies 78,20045030 Net Income-Sale of Alcoholic Beverages 35,683,439

TOTAL REVENUE FROM CURRENT SERVICES 35,761,639

COMPENSATION FROM SALE, LOSS OR DAMAGE TO PROPERTYSales

46030 Other Sales 9,102

Escheats & Awards46100 Escheated Property 17,75446110 Awards for Damages 10,257,450

TOTAL COMPENSATION FROM SALE, LOSS OR DAMAGETO PROPERTY 10,284,306

TRANSFERS, REFUNDS & OTHER RECEIPTSIntra-Budget Transactions

49030 Gross Sale of Alcoholic Beverages 160

Inter-Budget Transactions49100 Unexpended Balances 4,718,52149150 Transfer from Other Funds 168,966

Refunds49300 Refunds of Prior Year Disbursements 164,88349310 Prior Year Cancelled Warrants 42,26949320 Refunds of Erroneous Payments 4,03149340 Refunds from Cafeteria Plans 2,51849370 Refunds from Utility Companies 8,46349390 Other Refunds 12,369

Other Non-Governmental Receipts49910 Other Nongovernmental Receipts 100,000

Other Receipts (Balance Sheet Account)10200 Petty Cash 75011950 Temporary Advance to Cafeteria Plan 71,69421850 Funds Held for Others 25,41221900 Cancelled Warrants Payable (113,089)36100 Unreserved - Undesignated - Adjustments to Fund Balance (30,735)

Other Transfers & Refunds 46,303,414

TOTAL TRANSFERS, REFUNDS & OTHER RECEIPTS 51,479,626

TOTAL GENERAL FUND RECEIPTS 3,629,065,432

STATE TREASURYSCHEDULE OF GENERAL FUND DISBURSEMENTS


2000 Joint Legislative Committee-Operations $1,383,5932001 Senate-Contingency-Regular Session 3,511,8172002 House of Representatives-Contingency 4,786,4272003 Senate-Salaries & Mileage 1,597,1962004 House of Representatives-Salaries & Mileage 3,457,2132005 Senate-Interim Expense 866,2882006 House of Representatives-Interim Expense 2,047,9762008 Joint Legislative Committee-Legislative Code Books & Rev 300,0002021 Legislative Office of PEER-Audit Committee 1,873,0732025 Legislative Budget Office 2,064,4582028 Legislative Office of PEER - Joint Reapportionment & Redistrict 170,7122031 Governor's Office - Nat'l Conf of Comm on Uniform State Laws 24,6442032 Senate - Comm on Interstate Cooperation 180,717

Office of the Supreme Court:2051 Support 4,465,2142052 Administrative Office of the Courts 1,119,8822053 Supreme Court Trial Judges 12,457,2122054 Court of Appeals 4,008,4792071 Office of the Attorney General - Support 7,161,037

Dept of Finance & Administration2085 Municipal Aid Revolving 750,0002087 District Attorney's Salaries & Travel 13,531,7342089 District Attorney's Office Expense 803,9122095 Ethics Commission 528,9332096 Commission on Judicial Performance 401,1552097 Office of Capital Defense Counsel 640,7182098 Office of Capital Post-Conviction Counsel 599,852

Governor's Office:2101 Administrative 1,949,9972102 Governor's Mansion 479,8852104 Energy Council 48,1612106 Southern States Energy Board 27,2882107 Southern Growth Policies 22,842

Dept of Finance & Administration:2130 General Support 4,364,0732135 General Services-General Support 7,204,9772155 Dept of Audit 5,548,0852171 State Treasurer-Support 1,577,9092181 Tax Commission 46,901,1592185 Gaming Commission 3,718,005

Dept of Education:2201 Administration 60,666,9382204 Chickasaw Interest 9,249,6122206 Vocational & Technical 70,001,7412217 Schools for the Blind & Deaf 9,545,9852230 MS Adequate Education 1,300,953,6152231 MS Adequate Education per Capita 5,000,0002245 Library Commission 10,266,5482247 Authority for Educational Television 6,179,851

Institutions of Higher Learning:2251 System Administration 4,657,8652252 Subsidiary Programs 11,054,4702255 General Support 232,412,857



225E Student Financial Aid 28,192,682226B Veterinary School 10,627,7362281 University of MS Medical Center 127,040,1872282 MS Commission for Volunteer Services 80,7212284 Alcorn State Ayers Related Programs 4,957,5112285 Jackson State Ayers Related Programs 12,043,2142286 MS Valley State Ayers Related Programs 5,482,891

State Board for Community & Junior Colleges:2291 Administrative Office 5,758,1722298 Support 112,478,1372301 Dept of Health 27,086,3042328 Medicaid-Division of General Services 303,445,998

Dept of Mental Health:2370 Purchase of Services 14,430,4752371 Mental Health Board 3,221,0452372 East MS State Hospital-Support 32,871,4212373 Ellisville State School-Support 8,482,1662374 MS State Hospital-Whitfield Support 76,510,5922382 Boswell Regional Center 13,113,0612384 North Mississippi State Hospital 7,952,6942385 North Mississippi Regional Center 5,880,4732386 Hudspeth Regional Center 10,786,8762387 South Mississippi Regional Center 7,180,2392389 Central Mississippi Residential Center 5,657,3742391 South Mississippi State Hospital 5,398,5972392 Juvenile Rehabilitation Facility 4,527,1312393 Juvenile Treatment Facility 710,8142401 Dept of Agriculture & Commerce-Support 7,704,250

Mississippi Development Authority:2411 General Fund Support 19,281,5892415 MS Technology Inc.-Support 1,300,0002418 Stennis Space Center 1,209,130

Institutions of Higher Learning:2421 MS State-Cooperative Extension Service 19,151,1452422 MS State-Ag & Forestry Experiment Station 17,262,7592423 Alcorn State-Experiment Station 3,755,6252428 Board of Animal Health 1,241,188

Fair Commission:2431 Round Up Show 60,8162432 Premiums 26,9692433 District Livestock Shows 71,3422434 County Livestock Shows 11,3562437 Dairy Shows 11,6552438 High School Rodeo 9,899

Institutions of Higher Learning:2441 Research & Development-Support 211,1622448 Forest Products Utilization Laboratory 4,617,7412450 Dept of Marine Resources 1,949,7682451 Forestry Commission 19,966,755



Dept of Wildlife, Fisheries & Parks:

2460 Natural Science Museum-Operations 1,028,0442461 State Parks-Operations 7,880,8302464 Natural Science Museum-Support/Maintenance 1,422,5452471 Dept of Environmental Quality-Administrative Services 22,871,0792472 Grand Gulf Military Monument Commission 194,2572475 Archives & History 7,633,8672483 Tennesse-Tombigbee Waterway 95,7872486 Soil & Water Conservation Commission 754,1552487 MS River Parkway Commission 27,1282532 Public Employees' Retirement System-Benefit Payments 17,100

Dept of Corrections:2551 Institution 143,308,0132553 Parole Board 510,0192554 Medical Services 21,908,8502555 Private Prisons 32,605,0302556 Regional Facilities 16,743,7382557 Housing Costs 5,223,167

Dept of Human Services:2653 Social Services-General 3,089,1472662 Youth Services 17,726,401

Military Dept:2701 National Guard Support 2,580,0272702 National Guard Armories 2,7622705 Armed Forces Museum 154,7162708 National Guard Education Assistance 591,147

Dept of Public Safety:2711 Highway Patrol 32,399,0722713 Crime Laboratory 4,139,6322714 Law Enforcement Training Academy 558,3802715 Division of Support Services 5,693,5462718 Bureau of Narcotics 9,807,051

Emergency Management:2721 Administrative Costs 862,1902725 Disaster Relief 107,2802731 Veterans' Affairs Board 1,929,3622740 Dept of Public Safety-Medical Examiner 206,412

Tax Commission:2751 Homestead Exemption 75,654,7382806 Motor Vehicle License Tag 1,059,3902865 Arts Commission 1,452,6572901 Dept of Finance & Administration-Cap Improv-1996 Appropriation 19,856

State Treasurer:2951 General Fund Obligation Bond & Interest 328,944,0142953 Bank Service Charges 30,0002999 Dept of Finance & Administration- State General Fund 127,817,550

TOTAL GENERAL FUND DISBURSEMENTS $3,669,372,704

STATE TREASURYSCHEDULE OF SPECIAL FUNDS RECEIPTS



40050 Gas Severance Tax - General Fund 17,401,40140060 Gas Severance Tax (to counties) - Special Fund 9,047,03440065 Petroleum International Fuel Tax 13,821,31840090 Income Tax - Withheld (refund account) - Special Fund 348,570,56840120 Oil Severance Tax - General Fund 17,794,65340130 Oil Severance Tax (to counties) - Special Fund 5,729,61440145 Sales Tax, Rental Vehicles 4,528,92240150 Sales Tax 199,707,72140170 Sales Tax (Boll Weevil Mgmt) 1,610,25640180 Sales Tax (public school building) 19,999,99240190 Sales Tax (to municipalities) 315,857,06840200 Sales Tax (Department of Transportation) 9,446,49040205 Sales Tax (airport parking) 445,04540215 Sales Tax (interstate telecommunications) 9,714,10040250 Timber Severance Tax (to counties) 761,71440260 Timber Severance Tax (to Forestry Commission) 3,039,18640280 Use (compensating) Tax 30,410,30140290 Special County and/or Municipal Tax 37,633,94440330 Dept of Mental Health - Alcohol/Drug Abuse Tax 4,486,89240340 Rail Car in Lieu of Tax 3,204,05740350 Railroad Track Mileage Tax 200,55040375 Occupancy Tax 729,42240380 Payment in Lieu of Taxes Nuclear Plant 18,800,00040395 Withholding Tax 4,396,299

Bureau of Financial Control Taxes40440 Forest Acreage Tax 1,347,210

Insurance Department Taxes40510 Insurance Premium Tax-Municipalities 7,089,64740520 Insurance Premium Tax-County Fire Protect 6,887,24940530 Insurance Premium Tax 69,00040540 Insurance Premium Tax 434,711

Motor Vehicle Division of Tax Commission Taxes40610 Gasoline Tax-MDOT 9/14 Road Protection 36,815,01440620 Gasoline Tax-Hwy Bond & Interest 39,200,12240630 Gasoline Tax-municipalities 1,547,29540640 Gasoline Tax-Counties 51,891,67940650 Gasoline Tax-Aeronautics Comm 1,400,89240660 Gasoline Tax-Boat/Water Safety 8,800,00040670 Gasoline Tax-One-Cent Tax 16,713,35540680 Gasoline Top 20% Tax-MDOT 36,240,37740690 Gasoline Tax-Additional one-cent tax 16,713,35540710 Liquefied Compressed Gas 567,90340720 Motor Fuels Tax 2% - 10% 10,187,14540750 Lubrication Oil Tax-MDOT 1,147,49040770 Truck & Bus Privilege Apportionment 5,495,96240780 Truck & Bus Privilege-Counties 24,130,96740800 Truck & Bus Privilege-MDOT 45,430,657



40820 Distinctive License Tag Fee 3,783,87940830 Auto Tag Fees 13,572,286

Other Taxes40870 911 Minimum Stnd Telephone Svc Chrg 1,669,93240900 Gasoline Tax (six, two, one cent) 55,096,50840920 Other Motor Fuels 148,027,35840930 Motor Fuels Tax 5% 9,060,09440950 Hazardous Waste Mgmt Tax 465,73440960 Nonhazardous Waste Mgmt Fee 3,346,58640970 Waste Tire Fee 2,260,930

TOTAL TAXES 1,626,729,884

GENERAL FUND FEESDepartment of Agriculture & Commerce Fees

41030 Meat Licenses, Fees & Permits 46041090 Other Licenses, Fees & Permits 100,703

Highway Public Safety Fees41100 Drivers' Licenses 4,302,08641101 Drivers' License Report Fees 2,510,04241102 Drivers' License Reinstatement Fees 78541110 Livestock Theft Fees 328,09641130 Safety Responsibility Fees 1,938,20741140 Other Hwy Safety Patrol Fees 662,63941145 Fingerprint Processing Fees 1,672,61741146 CIC Processing Fees 379,351

Insurance Department & Insurance Commission Fees41150 Insurance Comm Assessments 1,490,86341170 Fire Marshall Fees-Fire Fighter's School Fund 3,185,27441180 Mobile Home Inspection Fees 123,13241190 Other Insurance Dept Fees 4,723,482

Secretary of State Fees41225 Securities Fees 11,108,52241230 Corporation Fees 3,121,69441235 Uniform Commercial Code Fees 2,781,90641240 Sec of State-Miscellaneous Fees 294,66241245 Pre-Need Funeral Registration Fees 10,25941250 Sec of State-Land Division Fees 5,17341260 Sec of State-Sale of Tax Forfeited Land Fees 562,323

Miscellaneous General Fund Fees41280 Div of Plant Industry Fees 1,795,41841340 Clerk of Supreme Court Fees 270,05041341 State Law Library Fees 3,78341380 Gaming Fees 167,754,50441390 Other General Fund Fees 2,548,076

TOTAL GENERAL FUND FEES 211,674,107



REGULATORY & OTHER SPECIAL FUND FEESProfessional & Vocational Fees

41400 Banking Dept-Admin Fees 789,33141401 Banking Dept-Consumer Finance Fees 2,306,31741410 Bd of Public Accountancy Fees 487,18441412 Bd of Public Contractors Fees 1,542,43441414 Oil & Gas Board Fees 2,584,60641415 Bd of Architecture Fees 426,23841416 Bd of Nursing Fees 1,143,54441417 Bd of Pharmacy Fees 1,591,53741418 Bd of Medical Licensure Fees 1,758,20841440 Real Estate Commission Fees 1,718,53941450 Dental Examination Fees 625,39941460 Forestry Comm - Miscellaneous Fees 12,11541470 Motor Vehicle Comm Fees 294,04041480 Board of Bar Admissions Fees 363,75941481 Continuing Legal Education Fees 100,36741482 Certified Court Reporter Fees 22,800

Recreational Fees41500 Dept Wild,Fish,Pks-Fees & Permits 25,56041510 Dept Wild,Fish,Pks-License Sales 14,171,67241511 Marine Resources License Sales 333,00841520 Dept Wild, Fish, Pks-Lake Sales 207,77341530 Dept Wild, Fish, Pks-Boat Registration 633,63241540 Dept Wild, Fish, Pks-Park User Fees 7,410,75141541 Dept Wild, Fish, Pks-Gross Golf Revenue 1,264,67441545 Dept Wild, Fish, Pks-Museum Fees 295,96241550 Dept Wild, Fish, Pks-Timber Sales 50441552 Dept Wild, Fish, Pks-"MS Outdoors" 111,618

Assessment Fees41620 Bureau of Marine Resources-Seafood Fee 226,61641630 Soybean Promotion Fees 1,619,39141640 Rice Promotion Fees 1,144,80241660 Surface Mining Permit Fees 125,39041670 Air Operating Permit Fees 5,150,811

Other Special Fund Fees41710 State Port Licenses, Fees & Permits 1,129,65741720 Motor Carrier Regulatory Fees 4,322,10041730 Dept of Audit-Fees-Counties 850,74241731 Dept of Audit-Fees-School Districts 462,99741732 Dept of Audit-Fees-Comm Colleges 145,58041733 Dept of Audit-Fees-Universities 255,63041734 Dept of Audit-Fees-Other 222,27741735 Dept of Audit-Fees-Property 102,26341740 Bd of Health-Vital Statistics Registrars 2,706,69341750 Patient Support Cont. 15,495,23541760 Medicaid Providers Assessment 27,715,46841765 Medicaid Hospital Assessment 18,970,82641770 Conference Registration Fees 137,28141780 City Owned Gas Utilities 25,000



41790 Utilities Fees (Tax Comm for Pub. Service) 5,545,82141800 Tax Collection Fees 1,243,52041810 Tax Comm-Mineral Documentary Stamps 31141820 Bingo License Fees 1,210,53241830 Workers Comp-Admin Fees 5,553,72341840 Workers Comp-Secondary Injury 21,50041880 Tax Comm-Trailer Registration Fees 28,00441900 City Utility-Private Owned Tele Co. 1,044,27141920 Attorney General Fees 6,981,73441940 Underground Storage Tank-Reg Fee 943,83041950 Asbestos Abatement Fee 217,95641960 Loan Administration Fee 991,25241970 Truck & Bus Permit Fees 8,197,33041980 Other Regulatory Fees 1,747,12441990 Other Licenses, Fees & Permits 12,712,55541995 Credit Card Convenience Fees 175,819

TOTAL REGULATORY & OTHER SPECIAL FUND FEES 167,645,613

FINES, FORFEITS & PENALTIESForfeitures

42200 Bond Forfeitures 84,29942210 Seized & Forfeited Property 565,005

Other Fines & Penalties42300 Drivers Penalties 5,829,92642310 Criminal Law Assessment Fines 3,896,18842320 Dept Wild, Fish, Pks-Fines & Penalties 69,50742340 Veterans Home Purch Bd-Late Penalties 54,80042350 Other Fines & Penalties 10,685,10442360 State Court Education Fees 1,827,39342370 Court Constituent Fees 399,00542390 Emergency Medical Fine 2,041,03342391 Trauma Care Fine 2,041,02242410 Correction Facility Fee 1,119,19342470 General Fund-Other Felonies Fee 50042475 Dept Wild,Fish,Pks-Licenses Violation 48,97042500 Hwy Weight Penalties 2,221,00542510 Harvest Permit Fees 284,87542600 ABC Liquor Permit Fees 4,99742700 Victims Comp-Implied Consent 195,30142710 Victims Comp-Other Misdemeanor 916,02042720 Victims Comp-Other Felony 72,48042730 Victims Comp-Restitution 13,51342740 Victims Comp-Pre-trial Intervention 7,05042750 Victims Comp-MS Prison Industries 2,073

TOTAL FINES, FORFEITS & PENALTIES 32,379,259



RENT & USE OF STATE PROPERTYSales of Products - Outside

43000 Sale of Penitentiary Products 1,468,96143010 Sale of Products (non-penitentiary) 155,59343011 Seedling Sales 1,072,671

Rent & Use of State Property43100 Rent of State Property 15,260,77243120 Coliseum Receipts 737,83343140 Oil & Gas Royalties-Mineral Lease Comm 489,00843160 State Fair Receipts 2,484,29043170 Rental of Office Space 4,388,402

TOTAL RENT & USE OF STATE PROPERTY 26,057,530


43300 Interest on Investments-General Fund (576,816)43310 Interest on Vet Home Purch Bd Loans 6,842,72243350 Interest on Investments-Special Fund 29,427,54443370 Interest on Checking/Savings Accts 74,65143380 Interest Earned on Loans 8,288,24643390 Other Interest 56843800 Adjustment for Change in Market Value 16

TOTAL INTEREST, DIVIDENDS & GAINS FROM SALE OFINVESTMENTS 44,056,931

GRANTSFederal Grants-in-Aid

44000 Dept of Education Programs 535,957,98244005 Rehabilitation Services 63,758,58944020 Library Comm Programs 1,704,39344030 Bd of Health Programs 128,362,79944040 Agriculture & Commerce Programs 22,082,85444041 EPA Programs 654,54844042 USDA Programs 525,55844080 Forestry Programs 1,872,28644100 Public Welfare Programs 256,537,40444110 Employment Sec Comm Programs 43,916,68244120 National Guard 54,794,66844130 Emergency Mgmt Programs 7,867,39744150 Hill-Burton Hospital Construction Funds 6,47644160 Bureau of Public Roads-MDOT 50,261,70844190 T.V.A. Payments in Lieu of Taxes 16,869,09644220 Dept Wild, Fish, Pks-Wildlife Grants 9,262,73644250 Bureau of Pollution Control Grants 34,571,81644260 Mental Illness & Retardation Programs 24,306,92744270 Governor's Fed-State Programs 137,698,55444280 Medicaid Programs 2,660,748,71844300 Highway Safety Patrol 1,410,81644320 Dept Wild,Fish,Pks-Bureau Pks Grants 590,40644330 Dept Wild,Fish,Pks-Marine Grants 4,850,060



44390 Miscellaneous Federal Grants 94,085,42744395 Federal Capital Grants 327,124,303

Revenue from Political Subdivisions44400 Revenue from Counties in MS 171,752,90144450 Revenue from Cities in MS 3,442,51844460 Participating Funds-Political Subdivisions 4,303,26444470 Revenue from State Colleges/Universities 8,648,433

TOTAL GRANTS 4,667,969,319

DONATIONS & OVERPAYMENTSDonations & Overpayments

44500 Donations 1,367,48344510 Tax Comm-Overpayment of Taxes 6,749,951

TOTAL DONATIONS & OVERPAYMENTS 8,117,434

REVENUE OF SUBGRANTEESRevenue of Subgrantees

44630 Federal Sub-Grants from Other Funds 50,020,17844800 State Justice Institute Grants 316,500

TOTAL REVENUE OF SUBGRANTEES 50,336,678

REVENUE FROM CURRENT SERVICESRevenue from Current Services

45000 Reimbursements-Outside Agencies 89,416,65045010 Sale of Supplies/Svcs-Ouside Agencies 55,069,53045020 Sale of Supplies/Svcs-Between Agencies 50,951,83645030 Net Income-Sale of Alcoholic Beverages 11,26545040 SAAS Production Charges 1,551,47445042 Repayment to MMRS Revolving Fund 5,579,50245043 SPAHRS Production 83145050 Sale of Supplies/Svcs-GAAP Gen. Funds 642,90145060 Sale of Supplies/Svcs-GAAP Spec Funds 453,15945070 Payments from Medicaid 230,479,795

TOTAL REVENUE FROM CURRENT SERVICES 434,156,943

COMPENSATION FROM SALE, LOSS OR DAMAGE TO PROPERTYSales

46000 Sale of Real Estate 668,45746010 Sale of Personal Property 2,067,77046020 Sale of Scrap 193,02246030 Other Sales 2,439,37046040 Gain on Disposal of Equipment 4,175

Escheats & Awards46110 Awards for Damages 99,538,763



Insurance Adjustments & Settlements46200 Insurance Adjustments & Settlements 651,332

TOTAL COMPENSATION FROM SALE, LOSS OR DAMAGETO PROPERTY 105,562,889

BOND ISSUES & NOTESProceeds of Borrowed Funds

47000 Proceeds of Bond Issues 622,316,25747060 Proceeds from Notes Payable 68,50047070 Proceeds from Contracts Issued 2,502,00047090 Premium on Bonds Sold 1,464,411

TOTAL BOND ISSUES & NOTES 626,351,168

TRANSFERS, REFUNDS & OTHER RECEIPTSIntra-Budget Transactions

49030 Gross Sale of Alcoholic Beverages 159,305,70049050 ABC Clearing-Liquor Excise Tax (36,970)49060 ABC Clearing-Liquor Privilege Tax 2,183,85249090 ABC Clearing-Miscellaneous Income 24,430

Inter-Budget Transactions49120 Lease-Purchase Program Funds 12,273,60349150 Transfer from Other Funds 1,552,631,38849155 Cost Pool Transfer In 1,483,49249160 Cost Allocation Reimbursement 3,179,580

Refunds49300 Refunds of Prior Year Disbursements 2,967,72449310 Prior Year Cancelled Warrants 1,96749320 Refunds of Erroneous Payments 54,05249330 Medicaid Refunds 137,971,13749370 Refunds from Utility Companies 10,66149390 Other Refunds 7,335,04349395 Prior Year Subgrant Refunds 42,531

Loans Repaid to State49500 Loans Repaid to State 70,592,37449510 Loans Repaid to Vet Home Purchase Bd 19,208,10149520 Loans Repaid by the VA 1,117,201

Loans Between Funds49600 Loans Received From Other Funds 12,108

PERS Contributions49800 Member Contributions 266

Other Non-Governmental Receipts49900 Veterans Home Purch Bd-Escrow Receipt 2,996,31149910 Other Nongovernmental Receipts 3,871,59449920 Participating Funds-Nongovernmental Agencies 665,044



49930 Unemployment Insurance from State Agencies 2,264,17049935 Workers Comp-Premium Receipts 16,689,81349940 Tort Claims Premiums 7,534,29549950 Veterans Home Puch Bd-Loan Fees 129,45049960 MPACT Contract Receipts 21,786,03349968 MACS Program Manager Transfers 175,00049980 Fulfillment Fee Receipts 354,640

Other Receipts (Balance Sheet Account)10131 Certificates of Deposit (Invested by Treasurer for Other Agencies) 240,10810200 Petty Cash 163,16510801 Repurchase Agreements (Invested by Treasurer for Other Agencies) 386,635,17811050 Fixed and Variable Investments 14,000,00011125 Accounts Receivable Suspense 5,72712404 Due from Federal Government - CMIA (94,066,449)12405 Due from Federal Government - CMIA Prior Year 41,425,60612410 Due from Other Governments - Current 1,945,00012900 Loans Receivable - Current Portion 46,42913100 Due from Other Funds 79,00014200 Inventory of Stores for Resale 58,28514500 Prepaid Items (47,737)15100 Loans to Other Funds (54,357,709)20620 Contracts Payable - Retainages (1,122,359)20621 Contracts Payable - FA Retainages 1,107,17720622 Contracts Payable - DS Retainages 1,38320900 Accrued Interest Payable 590,38821020 Accrued Taxes Payable 14,307,16721600 Due to Other Funds (79,000)21800 Customer Deposits 15,076,72621850 Funds Held for Others 23,378,16321900 Cancelled Warrants Payable 116,20322200 Deferred Revenues Unearned (Other than Federal) 906,25722500 Deferred CMIA Federal Revenue 52,640,84324100 Loans from Other Funds 54,357,70936100 Unreserved - Undesignated - Adjustments to Fund Balance (720,431,087)

Other Transfers & Refunds (381,036,963)

TOTAL TRANSFERS, REFUNDS & OTHER RECEIPTS 1,382,763,800

TOTAL SPECIAL FUND RECEIPTS 9,383,801,555

STATE TREASURYSCHEDULE OF SPECIAL FUND DISBURSEMENTS


Dept of Finance & Administration:300A Capital Improvements-IHL-Series 1999 $614,015300B Capital Improvements-2003E-IHL & State Agency 2,894,695300C Capital Improvements-Series 2003E-Comm & JC 257,576300D Jackson Zoo-Series 1999 2,203,273300E Capital Improvements-1997 IHL-Series 1999 881,519300F State Building and IHL Repair & Renovation-Series 2003E 2,669300H Capital Improvements-1998 Comm/Junior Coll-Series 1999 1,405,026300I Capital Improvements-Series 2003E-MS EDNET 1,602300J Capital Improvements-Series 2003E-Ohr-O'Keefe Museum of Art 1,989,496

300K Capital Improvements-Archives & History-Series 1999 3,389,383300L Capital Improvements-1998 Capital Complex-Series 1999 476,444

300M Capital Improvements-1999 Comm/Junior Coll-Series 1999 685,457300P Capital Improvements-Series 2003E-01 Comm Heritage Preserv 9,787300Q Public Safety Improvements-Series 1999 23,951300R Capital Improvements-ITS-Series 1999 29,155300S Juvenile Detention Facility-Series 1999 124,277300T Capital Improvements-Mental Health-Series 1999 3,205,664300U Capital Improvements-Wildlife, Fisheries & Parks -Series 199 3,961300V Capital Improvements-Series 2003E-Civil War Battlefield Acquisition 890300X Capital Improvements-Series 2003E-01 State Agency 6,762

Office of the Supreme Court:3051 Special 680,9573052 Continuing Legal Education 87,8143053 Administrative Office of Courts 11,804,6933054 Supreme Court Trial Judges 79,1173055 Certified Court Reporters 17,6123056 Board of Bar Admissions 288,2433057 Court of Appeals 50,9213058 Admin Office of Courts 257,0723059 Civil Legal Assistance 65,000

Office of the Attorney General:3071 Administration 13,621,0113072 Insurance Integrity Enforcement 3283073 Prosecutor Education 585,9213078 Judgments 209,950307B Medicaid Fraud 1,753,745

Dept of Finance & Administration:3080 Tort Claims 4,763,3093083 Medical Malpractice Insurance 83,6063087 District Attorney-Budget Contingency 6,4603096 Commission on Judicial Performance 40,0853097 Capital Defense Counsel 105,2193098 Capital Post-Conviction Counsel Fund 13,728

Dept of Public Safety:3101 Local Law Enforcement Block Grant 330,3233102 Federal-State Programs 21,865,016

Governor's Office:3103 Veterans' Military Transition Project 282,1903104 Bioterrorism Preparedness 12,7963107 Governor's Office 155,2723108 Governor's Mansion 55,0043109 Dept of Public Safety-Federal-State Alcohol Program 16,719



310J Dept of Public Safety-Juvenile Accountability 1,348,359Secretary of State:

3111 Special 8,102,3613112 Land Records Management 582,0453113 Public Trust Tidelands 6,318,8383114 Securities Enforcement Act 398,1203116 Deer Island 8303117 Deer Island Acquisition 1,200,000

Dept of Finance & Administration:3125 MS Management & Reporting System Revolving 5,677,0403126 MS Government Portal Fees 109,4743130 Statewide Accounting System 1,578,7483131 Capital Facilities Rent Fund 1,747,9443132 Master Lease-Purchase Program 11,049,3803133 Crime Victims' Compensation-Administration 356,0813134 Crime Victims' Compensation 2,452,7403135 Air Transport Services 64,3283136 Surplus Property 291,3063137 Offsite Rent Fund 1,335,9183138 Surplus Property-Federal Program 12,3943139 101 Capitol Centre Office Building 374,3813140 SPAHRS State Income Tax Payable 23,723,6463141 Insurance Recovery 1,865,5873142 Internal Cost Allocation 295,9813143 Statewide Cost Allocation 2,170,1063144 Local Disaster Loans 197,3333149 State Fiscal Relief 58,8193155 Dept of Audit 4,070,822

State Treasurer:3170 MPACT Trust 37,244,3313171 MPACT Administration 1,582,7763176 Escheatment 273,6793177 Budget Contingency (24,636,676)3178 Abandoned Property Funds 1,829,2333179 Abandoned Property Claim Payments 6,197,185

Tax Commission3182 PHOENIX Project 11,255,1593183 State Treasurer-MACS Administration 108,0703186 Tax Commission-Seized Property/Cash Bonds 360,673

Gaming Commission:3187 Investigative 4,511,1603188 Charitable Bingo 1,050,092

Dept of Education:3200 General Education Special Funds 2,553,6463201 Special Funds 511,128,7003202 Administration 16,613,7573203 Public School Education Technology 1,619,7303206 Vocational & Technical 17,935,9793212 School District-Master-Lease Purchase Program 1,607,0933213 Critical Teacher Shortage Fund 3,970,1063215 Tobacco Fund 250,0003216 Vocational Education Special Funds 865,0653217 Schools for the Blind & Deaf 618,660



3218 School District Ad Valorem Tax Reduction 46,000,0003219 State Treasurer-Oil & Gas Taxes on State Owned Land 100,4473220 Dept of Finance & Administration-State & School Employee Insurance 53,017,674

Dept of Education:3230 MS Adequate Education Special 240,660,7503231 MS Adequate Education Capital Expenditures 42,129,9023232 Schools for the Blind & Deaf Special Funds 541,8153233 Chickasaw 6,550,611

Dept of Rehabilitation Services:3235 Rehabilitation for the Blind-Special 8,537,6723240 Special Disability Programs 9,110,031

Library Commission:3243 Public Libraries Capital Improvements-Series 1999 3,196,6283245 Federal Grant Funds 1,500,0943246 Miscellaneous Collections 48,1223247 Authority for Educational Television 5,318,565

Library Commission:3248 Capital Improvements-Series 2001 1,082,9793249 Construction and Improvements-Series 2001 43,949

Institutes of Higher Learning:3251 Vol Comm Budget Contingency 101,7993252 Subsidiary Programs Budget Contingency 813,1253253 Base Realignment & Closure Budget Contingency 133,5333257 State Court Education 1,238,4703258 Ayers Endowment Interest 854,8163259 IHL Budget Contingency 405,3043263 Nursing and Health Care 92,532326B Vet Medicine Budget Contingency 2,300,000326C Alcohol Safety Education Program 68,1883270 General Support Budget Contingency 39,488,5473271 Student Financial Aid Healthcare Expendable Fund 245,0003272 Student Financial Aid-Budget Contingency 3,002,1393281 UMC-Budget Contingency 16,572,614

State Board for Community & Junior Colleges:3291 Special 12,868,7903292 Workforce Carryover Funds 157,9093293 Budget Contingency 6,271,8833294 Telecommunications Bond Proceeds-Series B 429,1863295 Health & Life Insurance Carryover 75,8593296 Budget Contingency 15,184,7403297 Proprietary School & College Registration Law 36,252

Dept of Health:3301 Federal & Miscellaneous Fees 180,100,4793302 Local Govt & Rural Water System Emergency-Series 1995D 66,4283303 Improvement Loan-Series 1995D 13,572,9283305 Health Care Expendable Fund 13,694,0593306 Tobacco Control Settlement Fund 2,603,8543307 Series C-Local Govt and Rural Water Improvements 3,000,506



Medicaid:3323 Refund Account 137,502,7353325 Civil Penalty 57,1283326 Health Care Expendable Fund 42,191,3873327 Medical Care Donations 188,133,6243328 Medicaid Division of General Services 2,818,031,419

Dept of Rehabilitation Services:3330 Vocational Rehabilitation Services 43,858,1293332 Spinal Cord & Head Injury Trust 5,418,4783335 Rehabilitation Services Administrative 1,853,0923340 Disability Determination Services-Social Security Administration 23,802,6003341 Disability Determination Services-Medicaid 174,2303347 Authority for Educational Television-ETV-Budget Contingency 124,8723362 East Mississippi State Hospital - Healthcare Expendable Fund 1,124,5233364 North Mississippi State Hospital - Healthcare Expendable Fund 303,6693365 North Mississippi Regional Center - Healthcare Expendable Fund 207,4723366 Hudspeth Regional Center - Healthcare Expendable Fund 550,000

Dept of Mental Health:3370 Purchase of Services 22,143,5403371 Mental Health Board 8,620,2613372 East Mississippi State Hospital-Support 15,578,7083373 Ellisville State School-Inmate 58,287,8893374 MS State Hospital-Whitfield Income 33,383,606

Dept of Mental Health:3378 Children's Advisory Council 94,7753379 Alcohol & Drug Abuse 4,791,4273380 SVC Health Care Expendable Fund 23,216,5013381 CO Health Care Expendable Fund 34,8803382 Boswell Regional Center 16,681,2993384 North Mississippi State Hospital 322,1343385 North Mississippi Regional Center 43,383,8093386 Hudspeth Regional Center 32,093,005

South Mississippi Regional Center3387 South Mississippi Regional Center 23,862,7023388 Healthcare Expendable Trust Fund 350,0003389 Central Mississippi Residential Center 191,959

South Mississippi State Hospital:3391 South Mississippi State Hospital 688,5403394 Healthcare Expendable Trust Fund 392,250

Dept of Agriculture & Commerce:3400 Meat Inspection Program 2,990,6093401 Miscellaneous 3,745,1313402 Meat License 4003403 Ratite Program 703404 Beaver Control Assistance Program 450,000

Dept of Agriculture & Commerce:3406 Egg Marketing Board 50,7603407 Jim Buck Ross Ag & Forestry Museum 440,3493408 Farmers' Central Market-Administrative 319,7903409 Protect Underground Water 240,000340A Catfish Feed Assistance Program 18,863,382



Mississippi Development Authority:3410 Tourism Match Grants 1,314,3063411 MEIA - Yellow Creek Transition 42,3053412 Highway 1,2253413 Port Authority 3,0003414 Economic Development Match Grants 218,9153419 Fin Res Adm Operating Fund 971,667341C Energy 1,589,462341J Housing Loan Proceeds 138,370

341K Single Family Resident Loan 1,589,418341R Agribusiness Revolving Loan 19,091,705341S Highway Local 7,974341V HHS - Empowerment Zone/Enterprise 4,024,084341X Comm Development - HUD/ARC 60,023,091341Y CDBG Economic Development Revolving Loans 1,457,812341Z Employment Training - JTPA 49,662,0473420 Special & Federal 18,148,290

Institutes of Higher Learning:3421 CES-Budget Contingency 1,876,7223422 MAFES-Budget Contingency 1,788,0003423 ASU Agriculture-Budget Contingency 630,7453425 MS Telecommunication Conference & Training Center Commission - Reserve 144,5983428 Board of Animal Health 610,4243429 Dept of Agriculture & Commerce-Boil Weevil Management Act 1,800,120

Fair Commission:3430 Fair Commission & Coliseum 3,782,5223435 Dixie National Livestock 907,285

Institutes of Higher Learning:3441 URC-Budget Contingency 15,1953448 Forestry & Wildlife-Budget Contingency 332,077

Dept of Marine Resources:3450 Dept of Marine Resources 10,549,3773452 Tidelands Trust 3,189,4823454 Institute for Forestry Inventory 151,498

Forestry Commission:3455 Miscellaneous 9,058,0063456 Volunteer Fire Equipment Conversion Fund 11,3483457 Forestry Improvement Revolving 45,4083458 Kurtz State Forest Revolving 66,6603459 Tree Seedling Revolving 349,190

Dept of Wildlife, Fisheries & Parks:3460 Fisheries & Wildlife-Operations 32,472,6203461 Parks & Recreation-Operations 10,053,9243462 Motor Vehicle 1,727,2423464 Natural Science Museum-Operations 2,314,8053465 Pearl River Timber Fund 81,4613466 Seafood Fee Fund 153467 Hugh White Golf Course-Series 2001 188,0073468 Hugh White Golf Course Construction 17,488346A Gulf & Wildlife Protection 1,177346B Gulf & Wildlife Protection 265,072346C Heritage Committee License Fee 1,055,583346P Parks & Timber Fund 463,819



3470 Waterfowl Stamp 244,9773471 Dept of Environmental Quality-Administrative Services 6,309,9353472 Grand Gulf Military Monument Commission-Special 88,216

Archives & History:3474 Local Government Records Management 68,0073475 Archives & History 1,320,1833476 Historic Properties Trust 224,8193479 Statewide Oral History Project 50,000

Soil & Water Conservation Commission:3483 Natural Resources Conservation Education 2,5523484 Capital Improvements-Series 1999 826,9683485 Wildflower Seed Revolving 7073486 Soil & Water Conservation 2,658,0733487 Bond Proceeds-Series 1990A 126,1383488 Bond Proceeds-Series 1991A 89,2183489 Mississippi River Parkway Commission-Special 714

Oil & Gas Board3491 Oil & Gas Board 1,725,7623493 Emergency Plugging 743,191

Mississippi Development Authority:34AV MS Business Investment-Series K Port Revitalization 221,11434CK MS Farm Reform-Series 2001 P 1,247,17034CL MS Farm Reform Act-2003 Series Q 3,231,51034CN MS Major Economic Impact-Series F 31,47834CR Energy Development Loans 3,491,17534CZ Major Energy Project Development Program 363,42334EA Rural Impact Act-2003 13,112,34534FA Farish Street Historic District-2003 3,099,65034GA 2003 Shipyard Improvements 33934GC 2002 Shipyard Improvements 4,756,21834HC Economic Development Highway-Series 1997E 146,61534HE Economic Development Highway-Series 1998F 27,40434HF Economic Development Highway-Series 1999G 2,332,12834HG Economic Development Highway-Series 2001H 13,005,99634JA Small Municipalities & Limited Population Counties 2,042,78334JB Small Municipalities & Limited Population Counties 5,833,49134JC Small Municipalities & Limited Population-2003C 12,028,839

34KE IHL Capital Improvements-Series 1995C-Tax Exempt 2,753,09234KW Local Government Loan Revolving-Series 1995D 4,175,98434KX Local Government Loan Repayment-Series 1995D 309,387

34MM MS Business Investment-Series 2001X 828,89434MN MS Business Investment-Series 2002Y 1,514,59634MP MS Business Investment-Series 2003Z 24,390,92734NA MS Major Economic Impact-Series 1997H 1,182,96634NC MIA - LS Power Energy - Series 1999I 168,74434NE MIA - LS Power Energy - Series 2003J 37,682,19934NF MS Major Economic Impact-Series 2003-Mall 51,15434NN Major Impact Authority-Series 2000A 274,31234NR MS Major Economic Impact-Series 2002B 70,515,44134NT MS Major Economic Impact-Series 2003A Taxable Nissan Project 5,175,25234NX MS Major Economic Impact-Series 2003C Taxable Nissan Project 12,211,41434PA Small Business Assistance-Series 2004 191,06234RR Local Government Freight Rail-Series A 1,998,708



34RT Local Government Freight Rail-Series 2002 2,651,36234RZ Local Government Freight Rail Repayments 59834TA Sales Tax Incentives 14,394

34WA Land, Water & Timber Resources 2,31434WB Land, Water & Timber Resources-Series B 2,174,60634WD Land, Water & Timber-Series C 5,218,779

3501 Dept of Insurance 7,065,3773502 State Fire Academy-Firefighters' School 3,806,707

Dept of Insurance:3503 Liquefied Compressed Gas Division 137,8533504 Rural Fire Truck Acquisition Assistance Program Bonds 400,0003505 Municipal Fire Protection 4,688,9873506 County Volunteer Fire Department 6,518,1463507 Rural Fire Truck 100,0003508 RFTAAP Bond Fund 1,239,9523509 Propane Education & Research Fund 203,771

Dept of Banking & Consumer Finance:3511 Bank Supervisor Administrative 2,287,1883512 Consumer Finance 1,905,048

Workers' Compensation Commission:3521 Administration 4,929,4473522 Second Injury 121,879

Public Employees' Retirement System:3531 Administration 9,399,6163533 Building Repair and Maintenance 29,6633534 Building Fund 10,736,732

Dept of Corrections:3549 Recycle Program 33,2643551 Institution 11,574,4663552 Prison Agricultural Enterprises 2,323,6473553 Medical Services Deficit 10,655,1963554 Training Revolving 169,2883556 Community Service Revolving 5,311,8033559 Local Confinement-Deficit 8,952,4283561 Special Vocational Training 7913562 Regional Facilities-Deficit 9,297,1493564 Private Prisons 15,875,753

Dept of Environmental Quality:3580 Land & Water Resources 176,0083584 Pollution Control 14,245,0013586 Pollution Control EPA 16,743,4003588 Pollution Control SRF Administration 66,3623590 Geological Survey 295,6393592 Surface Coal Mining & Reclamation 47,3233596 Water Pollution-Emergency Loan 1,216,5613597 Water Pollution-Revolving Loan 20,563,1933598 Water Pollution-Bond Proceeds 670,5693599 Water Pollution Revolving Bond 2,136,5913600 Board of Examiners for Licensed Professional Counselors 78,4463601 Dept of Information Technology Services - Operations 27,055,582

State Personnel Board:3610 Training 699,8793614 Personnel Board 4,889,894



Dept of Finance & Administration:3642 Self-Insured Workers' Compensation Trust 14,895,6683644 Unemployment Insurance 1,341,947

Dept of Human Services:3649 Community Services 27,287,9333650 Social Services Block Grant 4,683,7763651 Administration 116,853,8713652 Child Support-Special 25,114,4563653 Social Services-Special 67,800,4373655 Support Services-Special 10,913,9383658 Children & Youth 77,895,0513659 Aging & Adult Services 22,156,7633662 Youth Services 6,895,1033664 MS Children's Trust 519,625

Employment Security Commission:3671 Employment Security Commission 63,567,4843673 Building & Land 1,857,4323675 Administration 61,0813676 Building & Land 3,417,888

Military Dept:3700 National Guard-Timber Sales 331,8803701 National Guard-Federal 33,654,7323702 Vicksburg Armory Construction 233,0243703 Armory Construction-Special 15,621,4473705 Camp Shelby Base Operation 6,884,6353706 National Guard-Special Design 117,2813707 Armed Forces Museum Phase II-Series 1999 28,5983709 Air National Guard Training Site Operations 10,095,429

Dept of Public Safety:3710 Forfeited Funds 146,4043711 Highway Patrol 11,613,7653713 Crime Laboratory 1,343,8763714 Law Enforcement Training Academy 921,4953715 Support Services 2,252,6423716 Driver Services Fees 4,794,2313717 Weapons Permit 124,0453718 Bureau of Narcotics & Drugs 2,671,281

Dept of Public Safety:3719 Salvage Certificate of Title 248,441371B Drivers' License Photo Fees 1,692,456371C Drivers' License Special Fees 2,074,257371D Crime Stoppers 116,855371E Crime Lab Implied Consent Law 483,134371F Board of Polygraph Examiners 1,468371G Officers Death Benefit Trust 11371H Fingerprint Processing 1,041,558



Emergency Management:3721 Administrative 4,260,0103722 Federal Grants 4,509,4393724 Individual & Family Grant 120,2213425 Disaster Assistance Trust 4,585,9723726 Grand Gulf 189,1073727 Hazard Waste Transportation Permits 10,9793728 Public Assistance Program 10,188,173372C Disaster Assistance Trust - Lowndes County 106,388372U Hazard Mitigation 6,522,843

Veterans' Affairs Board:3731 Veterans' Affairs Board 163,8403732 Veterans' Home 25,604,049

Veterans' Home Purchase Board:3734 Veterans' Home Purchase Board 16,345,7303735 Escrow 2,942,724

Military Dept:3736 National Guard Armory Construction-Kosciusko 367,9803738 Oxford Armory Construction 534,4613739 National Guard Armory Construction-Batesville 633,088373A National Guard Armory Maintenance-Kosciusko 9,310

Dept of Public Safety:3740 Medical Examiner 79,5023741 County Jail Officer Training Fund 399,8193742 Law Enforcement 1,593,9783744 Emergency Telecommunications 480,5943746 MS Leadership Council on Aging 491,5533747 Wireless Radio Communications 819,3153748 Local Crime Stoppers Programs 25,828

Tax Commission:3751 Homestead Exemption 461,4633758 Petroleum Municipal Aid 1,545,9353759 TVA in Lieu 16,897,020

State Treasurer:3761 Gas Severance Tax to Counties 9,048,7323762 Oil Severance Tax to Counties 5,710,4413763 Timber Severance Tax to Counties 760,6543764 Gasoline Tax to Counties 51,891,1673765 Truck & Bus Privilege Tax to Counties 23,993,453

Tax Commission:3767 International Fuel Tax 14,846,4063768 Cruise Vessel Fees 110,056,0823769 Motor Vehicle Ad Valorem Tax Reduction 179,654,7903770 Motor Vehicle Rental Sales Tax 4,528,9223771 State Treasurer - Sales or Utilities Tax Distribution 354,900,950

Tax Commission:3772 Payments in Lieu of Taxes-Nuclear Plant 18,804,4603773 Rail Car in Lieu of Taxes 3,107,9353774 Telecom AdValorum Tax Reduction 11,551,1263776 Hazardous Waste Management Tax 59,0953779 Fire Insurance Tax (Jackson) 202,398



3780 State Treasurer-University Special License Tag 1,962,0313783 Library Commission-Budget Contingency 199,379

State Treasurer:3785 Flood Control to Counties & Schools 561,0003786 National Forest Reserve 8,650,1423806 Tax Commission - Motor Vehicle License Tag 356,702

Public Service Commission:3811 Motor Carrier 10,319,5753812 Public Utilities Staff Regulations 1,867,6283820 MS Auctioneer Commission - Licensure Fund 91,2093821 Board of Nursing Home Administrators 120,5503822 Board of Cosmetology 714,7753823 Board of Psychological Examiners 86,9343824 Board of Dental Examiners 520,3963825 Agricultural Aviation Board 153,2893826 Dept of Agriculture & Commerce - Rice Promotions 1,518,0563827 Board of Veterinary Examiners 93,0393828 Board of Physical Therapy 17,1273829 Board of Medical Licensure 1,525,3073830 Real Estate Commission - Home Inspectors Board 60,7773831 Board of Optometry 71,1453832 Real Estate Commission 846,2343833 Board of Funeral Services 179,328

Board of Public Contractors:3834 Board of Public Contractors 689,7363835 Construction Education Fund 732,6523836 Real Estate Appraisal License Board 272,777

Board of Nursing:3837 Training Program 100,0003838 Board of Nursing 1,442,7313839 Motor Vehicle Commission 224,2363840 Board of Barber Examiners 164,0093841 Dept of Agriculture & Commerce - Soybean Promotion 1,751,8643842 Registration for Professional Engineers & Land Surveyors 351,5553843 Athletic Commission 94,3463844 Board of Registration for Foresters 19,5153845 Board of Public Accountancy 498,7933846 Board of Pharmacy 1,137,4713848 Board of Architecture 200,4803849 Board of Chiropractic Examiners 48,2373850 Board of Public Accountancy-CPA Examination Candidate Deposits 1,400

Tax Commission:3851 Income Tax Refunds 351,838,9813854 MS Advantage Jobs Incentive Payment 1,596,5463855 Special Refunds 6,514,9993856 Apportion Tag 5,769,8263857 State Board of Massage Therapy 77,2123858 Board of Registered Professional Geologists 81,2863859 Board of Social Workers & Marriage/Family Therapists 177,601

Veterans' Memorial Stadium Commission:3861 Veterans' Memorial Stadium 1,225,2783862 Revolving 657,875



Arts Commission:3865 Arts Commission 810,7303868 Nonfederal Funds 80,5593869 Cultural Development-Series 2001 1,436,876

Tax Commission:3895 ABC Revolving 171,090,4683896 Permit Clearing 2,194,8903897 Fingerprint 12,708

Dept of Finance & Administration:3901 Office of Bldgs-Capital Improvements 199,3793907 Sublease Rents-Rehabilitation Services 914,789390D Juvenile Correctional Facilities-Series 1997A 221,934390H Capital Improv-IHL, Comm/Junior Coll, Agencies-Series 1995B 262,243390I Capital Improvements-ETV-Series 1997A 307,102390J JSU Main Campus Improvements-Series 1997A 141,862390L Capital Improvements-1997 IHL-Series 1998A 290,906391B Capital Improvements-Mental Health-Series 1997A 51,751391E Capital Improvements-1998 IHL-Series 1998B 644,887391N Veterans Memorial Stadium-Series 1998B 1,9263921 Office of Buildings 12,771,7843927 1995 Capital Improvements-Series 1996 55,076392K Capital Improvements-IHL, Comm/Junior Coll, Agency-Series 1995 3,899392M Pearl River Valley Park & Recreational Facility 253,332392T 1995 Metro Parkway Project 136,276

392W Capital Improvements-IHL & Comm/Junior Coll-Series 1997A 421,412392Y 1997 Fairground Improvements-Series 1997A 972392Z Capital Improvements-Dept of Agriculture-Series 1997A 2633931 Capital Improvements-Agency Reappropriation 12,971,787

Dept of Education:3932 School for the Arts Bond Funds 556,7753933 Tech-Prep Fund Series B 3,404,703

Port Authority at Gulfport:3934 Port of Gulfport-Series 16 5,992,7193935 Operating Reserve 7,7943937 Port of Pascagoula - Improvements 3,174,950

Dept of Finance & Administration:393E JSU Improvements-Series 1998A 2,258393G Capital Improvements-Mental Health-Series 1998A 143,515393H Mississippi Craft Center-Series 1998A 20,634393L Fairground Improvements-Series 1998A 24,365

393M Capital Improvements-Archives & History-Series 1998B 1,647,726393R Rowan Oak Repair-Series 1998B 4

393W Dept of Education - Tech-Prep Fund-Series B 835,455Dept of Transportation:

3941 Support 837,318,8893944 Litter Prevention 286,7583945 Harvest Permit 288,894

State Aid Road Division:3946 Construction 95,124,8133947 Administrative 2,789,4603948 Local System Bridge Program 16,301,785



Dept of Transportation:3949 Overweight Fines & Penalties 2,176,123394C Natchez Trace 3,002,711394R State Aid Road Division-Bond Local System Bridge Program 132,661

State Treasurer3951 General Fund Bond & Interest Earnings Support 20,738,3693952 General Obligation Bond Call 444,7133958 State Treasurer - MS Firefighters' Memorial Burn Center 24,4283959 Pat Harrison Waterway District-Archusa Water Park Repair-1998 2,835

Dept of Finance & Administration:395C Pat Harrison Waterway-Series 1999 504,697395D Pat Harrison Waterway-Series 1999 22,340395E Memorial Stadium Repair-Series 1999 697,295395F Capital Improvements-Addie McBryde-Series 1999 60,915395J State Building Renovations-Series 2000 1,186,100395L Metro Parkway-Series 2000 8,782,174

395M Capital Improvements-JSU-Series 2000 3,150,688395N Lynn Meadow Discovery Museum-Series 2000 824,773395T Capital Improvements-1999 IHL-Series 2000 4,808,020395U Capital Improvements-1999 Comm/Junior Coll-Series 2000 3,645,591395V 1999 ETV Equipment Fund-Series 2000 1,373,749395W Capital Improvements-1999 School of Fine Arts-Series 2000 981395X Capital Improvements-1999 Justice Facility-Series 2000 8,419,590395Y Capital Improvements-1999 Public Safety-Series 2000 141,885395Z Capital Improvements-IHL & State Agency-Series 2000 30,185,2433960 MS Home Corp-Affordable Housing Loan Repayments 252,000

MS Business Finance Corp:3966 Small Enterprise Development-Series 2004(A-C) 4,453,2543968 MDA-Small Enterprise Development Loans-Series 2000(A-C) 45,2343969 Small Enterprise Develop-Series D - O 40,694

State Treasurer:396D Highway 4 Lane Trust-Series 1999 26,825,475396F Major Economic Impact-Sinking Fund-Series I 305,613,204396P MS Home Corp - Affordable Housing Principal 1,026,300

State Treasurer:396V Deer Island Bond-Sinking Fund 1,066,4003971 Port Authority at Jackson County-Bonds & Interest 1,119,657

Port Authority at Gulfport3972 Bonds and Interest 5,379,7213973 Reserve 13,2253975 MS Business Finance Corp - SED Finance Act-Series 2003 A - C 750,000

397W State Treasurer- Gaming Counties Bond Sinking 29,236,5853983 Fair Commission - Bonds & Interest 169,616

State Treasurer:3989 Tobacco Litigation Health Care Expense Fund 104,763398F Small Enterprise Development-Sinking Fund 3,5813992 Working Cash Stabilization 78,146,476

Dept of Finance & Administration:3995 Special Funds Pool Loan 77,000,0003997 Federal Fiscal Aid 70,021,928

39AA Capital Improvements-1999 Library Commission-Series 2000 8,787,31439AB Capital Improvements-1999 Juvenile Detention-Series 2000 2,629,63839AC Capital Improvements-1999 Wildlife, Fish & Parks-Series 2000 2,978,628



39AD 1999 Calhoun County Historic Project-Series 2000 153,11939AE 1999 Bolers Inn Restoration-Series 2000 70039AF 1999 Heflin House Museum-Series 2000 1,57339AK 1999 Stennis Space Center-Series 2000 238,46739AL Center for Tech Partnership-Series 2000 761,39339AN IHL Repair & Renovation-Series 2000 1,110,60039AP Capital Improvements-Comm/Junior Colleges-Series 2000 3,619,49839AS African-American Heritage-Series 2000 2,887,51139AU 1999 Spillway Road-Series 2001 1139AW Telecommunication Conference Center-Series A 36,66139AX Capital Improvements-1999 IHL-Series 2001 6,292,45739AY MS Craft Center-Series 2001 101,40339AZ Capital Improvements-1997 IHL-Series 2001 63,83439BA Capital Improvements-1998 IHL-Series 2001 6,182,16439BB Capital Improvements-1999 Public Safety-Series 2001 505,97039BC Capital Improvements-1999 Wildlife, Fish & Parks-Series 2001 277,21439BD Children's Discovery Center-Series 2001 55,82739BE 1999 Grand Opera House-Series 2001 203,22239BF South East MS Center for Advance Tech-Series 2001 3,539,90139BG Capital Improvements-2000 State Agencies-Series 2001 3,320,52539BH Capital Improvements-2000 Comm/Junior Colleges-Series 2001 662,56039BJ Capital Improvements-2001 State Agencies-Series 2001 39,823,954

39BK IHL Repair & Renovation-Series 2001 372,83039BL State Building Repair & Renovations-Series 2002 1,636,653

39BM Southhaven IHL Center-Series 2001 1,773,21439BN Capital Improvements-2001 Comm/Junior Colleges-Series 2001 2,097,95939BR New Capital Repair & Renovations-Series 2001 203,57339BS MS Comm. Heritage Preservations-Series 2001 2,678,82639CA Telecommunications Conference Center-Series B 1,328,74539CB Capital Improvements-IHL & State Agency-Series 2002 21,261,05839CC Capital Improvements-1998 Comm/Junior Coll-Series 2002 885,25739CD Capital Improvements-1999 IHL-Series 2002 1,097,55139CE Capital Improvements-1999 Wildlife, Fish & Parks-Series 2002 1839CF Capital Improvements-2000 Comm/Junior Colleges-Series 2002 677,11739CG Capital Improvements-2001 State Agencies-Series 2002 5,241,96339CH Capital Improvements-2001 Comm/Junior Colleges-Series 2002 749,05939CJ 2001 MS Comm. Heritage Preservations-Series 2002 354,174

39CK MS Landmark GT Program-Series 2002 14,52539CL Capital Improvements-Comm/Junior Colleges-Series 2002 2,465,615

39CM MS Technology Innovation Center-Series 2002 485,76439CN Capital Improvements-Holly Springs Training Center-Series 2002 50,62439CP Corinth Civil War Interpretive Center-Series 2002 2,21939CS Capital Improvements-1999 Comm/Junior Coll-Series 2002 1,067,28239CT Capital Improvements-2003 IHL & State Agency-Series 2003 398,52539CU Capital Improvements-2002 IHL & State Agency-Series 2003 4,07239CV 1999 Stennis Space Center-Series 2003 445,714

TOTAL SPECIAL FUND DISBURSEMENTS $9,586,012,630

STATE TREASURYSCHEDULE OF EDUCATION ENHANCEMENT FUND RECEIPTS



40150 Sales Tax 205,894,91640280 Use (Compensating) Tax 17,700,231

TOTAL TAXES 223,595,147


43350 Interest on Investments-Special Fund 38,770

TOTAL INTEREST, DIVIDENDS & GAINS FROM SALE OFINVESTMENTS 38,770

TRANSFERS, REFUNDS & OTHER RECEIPTSInter-Budget Transactions

49150 Transfer from Other Funds 225,011,320

Refunds49300 Refunds of Prior Year Disbursements (378)

Other Receipts (Balance Sheet Account)21900 Cancelled Warrants Payable (2,982)36100 Unreserved - Undesignated - Adjustments to Fund Balance (383,472)

Other Transfers & Refunds (229,971,977)

TOTAL TRANSFERS, REFUNDS & OTHER RECEIPTS (5,347,489)

TOTAL EDUCATION ENHANCEMENT FUND RECEIPTS 218,286,428

STATE TREASURYSCHEDULE OF EDUCATIONAL ENHANCEMENT FUND DISBURSEMENTS


Dept of Education:4002 Capital Facilities & Buses $1,333,3374006 Instructional Materials 2,091,841

Institutions of Higher Learning:4030 Institutions of Higher Learning 35,480,4514033 University Research Center 226,2964034 MSU-Veterinary Medicine 582,5354035 MSU-MS Cooperative Extension Service 1,179,6664036 MSU-MS Agricultural & Forestry Experiment Station 1,409,8974037 MSU-Forestry & Wildlife Research Center 310,8844038 University Medical Center 3,719,4684039 System Administration 343,8304040 Commission for Volunteer Services 71,0994042 Alcorn Agricultural Program 20,3634080 State Board for Community & Junior Colleges 25,812,6164104 Authority for Educational Television 1,767,1384108 Arts Commission 441,5444109 Library Commission 479,4024110 State Board for Community & Junior Colleges-Other Support 591,2924113 Dept of Education-Programs 47,9664201 Dept of Education-General Education 32,100,2344206 Dept of Education-Vocational Education 6,633,3564230 Dept of Education-Adequate Education 100,644,9604252 Institutions of Higher Learning-Subsidiary Programs 663,8384350 Military Department-Youth Challenge Program 721,5274900 Dept of Finance & Administration 5,400

TOTAL EDUCATIONAL ENHANCEMENT FUND DISBURSEMENTS $216,678,940

STATE TREASURYSCHEDULE OF CLEARING FUND RECEIPTS & DISBURSEMENTS


CLEARING FUND RECEIPTS:

TRANSFERS, REFUNDS & OTHER RECEIPTSOther Non-Governmental Receipts

49970 Clearing Fund Receipts (7,581,147)

Other Receipts (Balance Sheet Account)21900 Canceled Warrants (132)22200 Deferred Revenues Unearned (Other than Federal) (182,985)

TOTAL TRANSFERS, REFUNDS & OTHER RECEIPTS (7,764,264)

TOTAL CLEARING FUND RECEIPTS ($7,764,264)

CLEARING FUND DISBURSEMENTS:

9895 Tax Commission - ABC Clearing $19,728

TOTAL CLEARING FUND DISBURSEMENTS $19,728

STATE TREASURYFUNDS INVESTED BY THE STATE TREASURY AND INTEREST REVENUE


INVESTMENT INTEREST BALANCE REVENUE AT 6/30/04 FOR FY04

TOTAL GENERAL, SPECIAL, EDUCATION

ENHANCEMENT & CLEARING FUNDS INVESTED AT JUNE 30, 2004: 672,346,754 5,694,455

SPECIAL FUNDS INVESTMENT BALANCES:

3072 Atty Gen - Insurance Integrity 96,762 2,2713247 Authority for ETV 1,781,285 14,285

Archives & History3473 Trust Fund 167,354 1,5953476 Historic Properties Trust 2,159,222 21,6963478 Museum Trust 77,184 7633480 New Capital - Repair and Renovation 785,404 6,301

Arts Commission3869 Cultural Dev - Ser 2001 940,445 14,3083866 Fund for Arts 132,175 1,3373294 Bd of Cmnty & Jr College - Telecommunications B 0 6503822 Bd of Cosmetology 858,534 6,9423824 Bd of Dental Examiners 151,431 2,2573821 Bd of Nursing Home Admin 97,214 1,2503842 Bd of Reg Prof Eng & Surveyors 338,193 3,1343858 Bd of Reg Prof Geologists 141,817 1,574

Dept of Agriculture & Commerce3436 Forfeiture 11,280 1143826 Rice Promotions 800,256 10,779340A Catfish Feed 1,982,263 19,065

Dept of Education3210 Interim Sch Dist Expense 98,497 9963214 School for the Blind Investments 1,056,887 13,558

393W Tech Prep Series B 1,494,404 12,803Dept of Env Quality

3584 Pollute Ctrl 23,394,877 284,2743793 Pollute Prevent3588 SRF Admin 1,247,109 15,3683592 Surface Coal 121,849 1,3703596 Wtr Pollute Emer 2,093,416 53,4013597 Wtr Pollute Rev 86,078,189 770,7313598 Wtr Rev Bond 0 183599 Wtr Pollute Bond 2,053,185 15,160

Dept of Finance & Administration39BJ 2001 Cap Imp - Series 2001 28,892,026 1,796,719300X 2001 St Agency Fund - Series 2003E 3,788,941 18,66939AS 2K African-Amer Heritage 534,639 64,553395J 2K Bldg Rep & Renovations 915,976 40,749

39AD 2K Calhoun Cty Hist Project 165,936 6,08139BG 2K Cap Imp - Series 2001 2,860,841 165,85639AL 2K Center Advanced Tech 50,224 15,62239BH 2K CJC Cap Imp - Series 2001 1,031,879 58,55439AP 2K CJC Cap Imp Fund 2,073,092 109,406

395V 2K ETV Equip Fund 1,352,486 54,835395Z 2K IHL Cap Imp Fund 10,428,025 772,692

395M 2K JSU Imp Fund 1,024,075 77,256395X 2K Justice Facility Cap/Imp 1,146,139 167,01439AB 2K Juvenile Det Rep/Renov 457,598 58,27639AA 2K Library Comm Cap Imp 3,780,091 251,362395N 2K Meadows Discovery Ctr 96,305 16,488395L 2K Metro Pkwy Act 5,408,332 277,044395Y 2K Public Safety Cap Imp 34,649 2,68939AN 2K Repair/Renov Fund 930,129 41,271395W 2K School Fine Arts Const 0 98139AK 2K Stennis/USM Hydro Pgm 0 4,93939AC 2K Wildlife Fish Pks Cap Imp 498,229 65,276395U 2K-99 CJC Cap Imp Fund 875,423 85,923395T 2K-99 IHL Cap Imp Fund 2,890,546 153,689

393M Archives & History - Series 1998B 8,226 18,931300K Capital Improvements A&H1998 - Series 1999 313,289 51,198395F Capital Improvements A. McBryde - Series 1999 0 91300L Capital Improvements Act 1998 - Series 1999 74,573 6,134

300M Capital Improvements CJC - Series 1999 709,529 26,27039BN Capital Improvements CJC - Series 2001 6,053,105 258,910300H Capital Improvements CJC 1998 - Series 1999 4,704 19,20239CB Capital Improvements IHL & Agency - Series 2002 94,068,962 2,440,410390L Capital Improvements IHL 1997 - Series 1998A 518,451 27,485300E Capital Improvements IHL 1997 - Series 1999 242,980 14,67839AZ Capital Improvements IHL 1997 - Series 2001 0 4,208391E Capital Improvements IHL 1998 - Series 1998B 1,489 1,836

39BA Capital Improvements IHL 1998 - Series 2001 291,259 113,401300A Capital Improvements IHL 1999 - Series 1999 1,489,784 41,47139AX Capital Improvements IHL 2001 - Series 2001 1,531,639 149,778393E Capital Improvements IHL/JSU - Series 1998A 80,527 234300R Capital Improvements ITS - Series 1999 363,411 7,774300T Capital Improvements Mental Health - Series 1999 3,522,153 113,270300U Capital Improvements Wildlife Fisheries - Series 1999 57,922 3273139 Capitol Ctr Office Bldg 231,134 2,205

39BD Child Discov - Series 2001 376,364 15,268300V Civil War Battlefield - Series 2003E 498,545 2,456300C Com/Jr Col Cap Imp Fund - Series 2003E 11,728,473 58,574

39AY Craft Ctr- Series 2001 3,024,828 114,5503134 Crime Victims' Comp 5,446,637 53,04039BF CTR ADV Tech - Series 2001 3,557,389 217,2814150 EEF - Reserve 138,057 38,770390I ETV - Series 1997A 0 956

39BE Grand Opera - Series 2001 0 2,44939BS Heritage Preserv - Series 2001 435,815 58,764390H IHL & Junior College - Series 1995B 38,518 1,160392K IHL & Junior College - Series 1995C 363,641 3,698

392W IHL & Junior College - Series 1997A 96,720 2,090300B IHL & St Ag - Series 2003E 47,484,624 239,19339BK IHL Repair - Series 2001 940,645 39,787300D Jackson Zoo - Capital Improvement Series 1999 41,168 25,038390J JSU Main Campus - Series 1997A 570,837 6,693300S Juvenile Detention Facility - Series 1999 0 139395E Memorial Stadium Rep - Series 1999 1,136,905 36,964391B Mental Health Capital Improvement - Series 1997A 0 1,755393G Mental Health Capital Improvement - Series 1998A 0 621392T Metro Parkway 95 - Series 1995C 1,405,155 15,460393H Mississippi Crafts Center - Series 1998A 216,897 9,147

300P MS Com Heritage - Series 2003E 5,483,994 27,0213145 MS Ind Blind Revolving 34,840 3523125 MS Mgt & Report System 3,834,477 35,819300I MSEDNET Fund - Series 2003E 897,381 4,422

39BR New Capital - Series 2001 5 3,76539CF Off Bldgs - 2000 Com/Jr Coll - 2002 936,046 30,40739CH Off Bldgs - 2001 Com/Jr Coll - 2002 1,417,963 45,64339CG Off Bldgs - 2001 St Agency - 2002 7,641,670 265,83134CU Off Bldgs - 2002 IHL St Sgy Ser 2002 680,050 6,20934CT Off Bldgs - 2003 IHL St Agy Ser 2003 55,105 3,69839CC Off Bldgs - 98 Com/Jr Coll - 2002 2,554 11,49739CS Off Bldgs - 99 Com/Jr Coll - 2002 760,459 38,66534CV Off Bldgs - 99 Hnk Pt Ser 2003 33,498 68639CD Off Bldgs - 99 IHL CI - 2002 3,065,606 85,28539CL Off Bldgs - Com/Jr Coll CI - 2002 6,808,888 189,95739CJ Off Bldgs - Heritage Pres - 2002 5,061,038 115,822

39CN Off Bldgs - Holly Spgs Trng - 2002 0 13939CK Off Bldgs - Landmark PGM - 2002 707,234 15,30339CM Off Bldgs - MS Tech Ctr - 2002 401,077 12,83839AW Off Bldgs - Tele Ctr - Ser A 1,136,419 11,693

300J O'Keefe Museum - Series 2003E 1 1,585395C Pat Harrison Wtr - Series 1999 361 3,882392M Pearl River Valley Impr - Series 1995C 133,165 2,25639BB Public Safety - Series 2001 1,622,629 70,787393R Rowan Oak Repair - Series 1998B 176 4

39BM S. Haven IHL - Series 2001 0 28,2143642 Self-Insured Workers' Compensation Trust 31,999,512 1,466,92939BL St Bldg Rep - Series 2001 418,920 34,462300F State Bldg IHL Repair & Renovation 1,495,635 7,369392Y State Fairground Improvement - Series 1997A 0 1,8373220 State School Employees Insurance 3,431,649 35,6853907 Sublease Rents - Rehab Svc 520,701 6,3403136 Surplus Property 81,418 628

39CA Telecom Conf Ctr - Ser B 13,979,690 150,4763080 Tort Claims 10,112,814 168,4053644 Unemployment Insurance 4,195,893 43,914391N Veterans Memorial Stadium - Series 1998B 118,771 2,15039BC Wildlife, Fisheries & Parks - Series 2001 738,957 32,725

Department of Health3302 Emerg Wtr - Cap Imp - 95D 5,896,704 58,1303303 Imp Loan - 95D 15,261,049 139,8113307 Loc Wtr Imp - Ser C 1,451,333 47,7063664 Dept of Human Services - MS Children's Trust 603,435 8,077

Department of Insurance3504 RF TAAP Bond Fund 3,594,895 19,0703507 Rural Fire 290,974 3,6313508 RF TAAP Bond Fund 728,657 29,2283509 Propane Ed 398,534 4,082

Department of Marine Resources3450 Dept Marine Res 3,966,168 55,8643452 Tidelands Trust 9,121,596 93,278

Dept of Medicaid3323 Refund Account 6,246,763 33,1463327 Med Care Donations 23,329,778 76,949

Department of Public Safety3743 Law Officer Monument 14,477 1463101 Local Law Enforcement 64,687 1,350310J Juvenile Accountability 5,473,346 45,530

3747 Wireless Radio Com 3,099,070 37,4133332 Dept of Rehabilitation - Spinal/Head Injury 7,386,085 67,613

Dept of Transportation3953 Equipment Purchase 1,282,472 11,4393954 Coahoma Hospitality 57,813 32,881394A Gaming Proj B 0 397,382394B Gaming Co Infra - Series 2000 Note 3,432394C Natchez Trace 3,299,651 123,9443942 Railroad Revitalization 2,034,641 20,8903941 Support 182,618,839 2,222,950

Dept of Wildlife, Fisheries & Parks3460 Fisheries & Wildlife 3,876,074 99,6373467 Golf 0 5346B Hugh White Colf Course Bond 4,479,245 23,0253462 Motor Vehicle 1,119,867 21,1703461 Parks & Recreation 2,868,269 32,1163375 Ellisville State School - Client Trust 2,170,456 21,9503725 Emergency Mgmt - Disaster Assist 1,720,343 17,0993674 Employ Sec Comm - Fix Price 0 293677 Employ Sec Comm - Fix Price 19,485 5,3053458 Forestry Commission - Kurtz State Forest Revolving 425,797 4,5763262 IHL - Comm For Volunteer Svc 40,340 371

Library Commission 3243 Capital Improvement - 1999 686,165 80,3083248 Capital Improvement - 2001 722,146 39,436

Military Department3707 Arm Force Museum 0 3033706 MSNG Sprc De 796,387 5,0103700 Natl Gd Timber 131,254 2,7883738 Natl Gd Construction 681,839 8,298

Mississippi Development Authority341R Agribusiness Revolving Loan 7,949,499 82,91634KE Capital Improvement - IHL - Ser 95C 12,684,949 118,090

34KW Capital Improvement - Loc Gov - Ser 95D 17,992,915 228,39334KX Capital Improvement - Loc Gov Int - Ser 95D 710,963 9,461341Y CDBG Econ Dev Rev 3,996,208 39,797

34MN Cost Assess - Ser 2002 2,718,460 37,14934HC Economic Development Highway - Series 1997A 0 13434HE Economic Development Highway - Series 1998F 0 17534HG Economic Development Highway - Series 2001H 1,813,268 78,761341C Energy - Exxon 1,662,100 52,557341C Energy - Petroleum Violation Escrow 0 88334CR Energy Development Loans 2,844,532 37,42634FA Farish St Hist Dist 2003 2,997,029 43,27934HK Franklin Cty Lake Rec Ctr 1,248,617 9,4023412 Highway 7,343,828 95,430341S Highway Local Funds 1,094,431 8,80234HF Highway Series 99G 2,083,215 29,638341H Housing Loan Admin 122,290 2,497341J Housing Loan Proceeds 3,901,471 40,386341T Interest Rev Loan 339,198 3,422

34WA Land, Wtr, Timber 0 57034WB Land, Wtr, Timber - Ser B 10,365 1,83234WD Land, Wtr, Timber - Ser C 6,787,849 85,66934RT Loc Gov Freight Rail - 2002 7,326,724 90,71834RZ Loc Gov Freight Rail - Repay 1,639,047 12,63134RR Loc Gov Freight Rail - Ser A 287,726 11,76234CZ Major Energy Project 1,343,060 16,402

34MP MBI 2003 - Ser Z 20,087,040 318,66734NE MEI - Series J 2003 28,285,122 456,26634NC MIA - LS Pwr Eng - Series 99I 874,280 10,31534NT MIA - Nissan - Series 2003A 31,734,648 215,09234NX MIA - Nissan - Series 2003C 7,818,614 82,77234AU MS Business Investment - Dev Infrastructure Rev 1,804,593 17,357341N MS Business Investment - Incubator Revolving Loan 1,506,750 10,01034AV MS Business Investment - Port Revitalization - Ser K 4,940,329 45,50434NN MS Business Investment - Series 2001 0 33434MK MS Business Investment Proceeds - Series W - 2001 0 29634MM MS Business Investment Proceeds - Series X - 2001 748,672 8,97634CK MS Farm Reform 2001 - Series P 0 13234CL MS Farm Reform 2003 - Series Q 766,510 21,98334CP MS Farm Reform Act - Series H 2,386,208 24,13134NF MS Major Economic Impact - Series 2003 4,994,470 36,95934NP MS Major Economic Impact Proceeds - Se 2001A 0 51634NR MS Major Economic Impact Proceeds - Ser 2002 60 283,29234NA MS Major Economic Impact Proceeds - Series 97H 4,336,469 53,62134CN MS Major Economic Impact Proceeds - Series F 9,997,662 89,6013413 Port Authority 370,593 3,652

34MH Port Incubation - Series 1998U 0 28234EA Rural Impact Act 2003 6,773,600 132,26734TA Sales Tax Incentive 16,657 2534GC Shipyard Imp 2002 7,230,509 83,11834GA Shipyard Imp 2003 27,968,692 207,556341K Single Fam Res Loan 2,982,972 35,56034PA Small Business Assistance 0 56734JB Small Muni, Lmt Pop 2002 1,734,343 45,50034JC Small Muni, Lmt Pop 2003 7,961,259 136,43034JA Small Muni, Lmt Pop Co 1,056,390 19,7403411 Yellow Creek Transition 0 4

Mississippi Business Finance Corp.3964 Cer Dev Fees 1,689,794 17,0883963 Cer Dev Loan 382,724 3,5943969 SED 2000 D-O 0 793975 SED 03A-C 0 1123425 MS Telecomm Conf & Train 6,043,363 67,274398C MS Veterans' Memorial Stadium Com Investments 321 902

Port Authority at Gulfport3973 Reserve 455,428 11,2973935 Operating Reserve 250,235 5,7793934 Series 16 11,523,212 132,2603937 Port of Pascagoula Improvment - Series 1998 593,263 4,932

Secretary of State3115 Help Vote 6,280,591 63,0683116 Purchase Deer Island 1,740,527 17,707

Soil & Water Conservation3487 Bond Proc - Ser 90A 268,622 2,3273488 Bond Proc - Ser 91A 164,877 7513484 Bond Proc - Ser 99 1,011,069 26,930

State Aid Road3948 Division Bridge 2,707,453 73,918394R Bridge Bond 15,048,376 143,922

Supreme Court3052 Supreme Ct - Cont Legal Ed 85,348 8173056 Supreme Ct - Bar Admissions 128,436 2,667

State Treasurer3178 Abandoned Property Fund 11,109,682 107,991

396G Cap Imp - Prem & Int - Ser 1999 23,764 277396H Cap Imp - Ser 2000 268,172 11,339396L Cap Imp - Ser 2001 1,439,122 19,679396U Cap Imp - Ser 2002 1,507,154 56,488396Z Cap Imp - Ser 2003 78 783219 Education Improvement Trust Fund 40,270,480 1,435,033397E Emerg Crop Sinking - Ser D 7,538 -1,358

397W Gaming Co Sinking 18,534,183 130,192397W Gaming Co Sinking 0 635,600397W Gaming Co Sinking 0 67,8343952 GO Bond Call Fund 3,964,180 40,5713989 Health Care Expendable Fund 3,595,424 133,6203990 Health Care Trust Fund 631,879,326 40,798,000396D Hwy 4 Lane Trust - Series 1999 26,583,255 290,6983183 MACS Adm 9,578 7613184 MACS Trust Fund 31,795,696 11,017,273396E Magnolia Venture Cap 572,196 7,435396F MIA Sinking I 633,114 2,1763170 MPACT Trust Fund 129,789,725 45,3263957 MS Burn Ctr Escrow 312,844 1,720397R MS Business Investment Sinking 9,601,381 1,3003958 MS Fire Burn Ctr 1,435,135 14,3053174 Oil Overcharge 697,203 8,533398F SED Sinking 308,613 -2,8083992 Working Cash Stabilization 24,742,939 598,277

Tax Commission3769 Motor Veh Ad Val 3,650,171 76,9423180 Special Tag - Admin 155,695 8743774 Tele Ad Valorem 3,170,902 67,485

Veterans Home Purchase Board3734 Vet Home Pur Bd 29,475,324 257,8663735 Vet Home Pur Bd - Escrow 1,138,807 11,5013521 Workers' Compensation Comm - Administration 6,867,876 42,708

Total Special Funds Investment Balances & Interest Revenue 2,085,413,775 76,613,528

TOTAL FUNDS INVESTED BY THE STATE TREASURY AT JUNE 30, 2004 & INTEREST REVENUE FOR FY04 2,757,760,529 82,307,983

Bond Indebtedness

STATE OF MISSISSIPPI BONDED INDEBTEDNESS


PRINCIPAL BONDSISSUE ISSUE FINAL CALL OUTSTANDING ISSUED

AMOUNT DATE MATURITY DATE AT 6/30/03 FY04

GENERAL OBLIGATION BONDS


Capital Improvement Bonds: Series 1993A 33,528,483 08/93 08/13 08/03 1,550,000 0 Series 1993B 24,956,979 12/93 12/13 12/03 2,390,000 0 Series 1994A 50,000,000 06/94 06/14 06/04 2,295,000 0 Series 1994B 75,000,000 12/94 12/14 12/04 6,785,000 0 Series 1995A 106,000,000 05/95 05/15 05/05 9,395,000 0 Series 1995B 91,000,000 08/95 08/15 08/05 11,935,000 0 Series 1995C 80,145,000 12/95 12/15 12/05 10,595,000 0 Series 1995D, Economic Development Hwy, Ser D, MS Farm Reform Ser K & MS Bus Inv Ser Q 49,005,000 12/95 12/15 12/05 18,055,000 0

Local Governments Capital Improvement Revolving Loan Program 1996E 111,000,000 09/96 09/16 09/06 18,895,000 0

Series 1997A 140,505,000 07/97 07/17 07/07 45,670,000 0 Series 1998A and Loc Governments Cap Imp Act Issue Series H 93,300,000 06/98 06/18 06/08 5,325,000 0 Series 1998B 104,830,000 11/98 11/18 11/08 51,830,000 0 Series 1999 and Loc Governments 178,050,000 10/99 11/19 11/09 49,725,000 0 Cap Imp Act Issue Series I Series 2000 202,300,000 11/00 11/20 11/10 107,420,000 0 Series 2001 179,135,000 11/01 11/21 11/11 67,000,000 0 Series 2002 162,585,000 11/01 11/22 11/12 67,875,000 0 Series 2003E 94,595,000 12/03 11/23 94,595,000

Totals 476,740,000 94,595,000

Systems Improvements Revolving Loan Series B 30,000,000 05/97 05/17 05/07 4,830,000 0 LGCIRL Series F

Development Bank 5,000,000 11/97 11/04 N/C 1,615,000 0

MS Gaming Counties Hwy Imp Series A 125,000,000 07/98 07/18 07/08 26,660,000 0

MS Gaming Counties Hwy Imp Series B 200,000,000 10/01 10/11 N/C 182,460,000 0

Archusa Water Park Dam 57,100,000 08/98 08/08 N/C 37,605,000 0

Stennis Space Center & Tri-State Comm 17,000,000 07/99 07/09 N/C 11,400,000 0

Hancock County Port & Stennis Space Ctr 19,000,000 06/01 06/12 N/C 17,440,000 0 Proj , 2001 Ayers Settlement, AllState Bldg Act, the Freight Rail Service Proj Rev Loan Program & the MS Single Family Residential Hsg Fund Act

Telecommunication Conf & Tng Ctr B 15,500,000 11/02 11/17 11/12 15,500,000 0

Land Water & Timber, Stennis Space Center 14,160,000 6/03 11/13 N/C 14,160,000 MS Fish Hatchery & MS School for Arts

Local System Bridge Replacement & Rehab 20,000,000 08/03 08/18 08/13 20,000,000 Fund Project Issue

State Shipyard Imp, Regional Retail Shopping 46,250,000 09/03 09/13 N/C 46,250,000 Mall, Franklin County Lake & Recreational Complex Rd Const Proj

MS Business Investment Act Issue: Series C 970,000 01/89 12/08 12/98 440,000 0 Series D 470,000 01/89 12/08 12/98 220,000 0 Series E 480,000 01/89 12/08 12/98 220,000 0 Series T 19,000,000 11/97 11/12 11/04 2,180,000 0 Series U 57,650,000 10/98 10/18 10/08 51,260,000 0 Series V MBIA D MFR O Loc Gov & 17,520,000 11/00 11/10 NC 14,770,000 0 Rural Water Sys Rev Ln Prog Ser C Series W Ec Dev Hwy Act H Stennis 60,950,000 02/01 02/11 NC 51,445,000 0 Stennis Space Ctr Proj & Spillway RD Series X MFRA P MS Small Muni and 29,950,000 11/01 11/11 NC 27,450,000 0 Ltd Population Counties Issue, MS, Lane, Water & Timber Res Issue & MS Tele Conf Tng Ctr A Series Y, Small Muni and Ltd Pop 25,250,000 11/1/02 11/12 NC 25,250,000 0 Counties Fund & Land, Water &

FO

GENERAL OBLIGATION BONDS


Capital Improvement Bonds: Series 1993A Series 1993B Series 1994A Series 1994B Series 1995A Series 1995B Series 1995C Series 1995D, Economic Development Hwy, Ser D, MS Farm Reform Ser K & MS Bus Inv Ser Q

Local Governments Capital Improvement Revolving Loan Program 1996E

Series 1997A Series 1998A and Loc Governments Cap Imp Act Issue Series H Series 1998B Series 1999 and Loc Governments Cap Imp Act Issue Series I Series 2000 Series 2001 Series 2002 Series 2003E

Totals

Systems Improvements Revolving Loan Series B LGCIRL Series F

Development Bank

MS Gaming Counties Hwy Imp Series A

MS Gaming Counties Hwy Imp Series B

Archusa Water Park Dam

Stennis Space Center & Tri-State Comm

Hancock County Port & Stennis Space Ctr Proj , 2001 Ayers Settlement, AllState Bldg Act, the Freight Rail Service Proj Rev Loan Program & the MS Single Family Residential Hsg Fund Act

Telecommunication Conf & Tng Ctr B

Land Water & Timber, Stennis Space Center MS Fish Hatchery & MS School for Arts

Local System Bridge Replacement & Rehab Fund Project Issue

State Shipyard Imp, Regional Retail Shopping Mall, Franklin County Lake & Recreational Complex Rd Const Proj

MS Business Investment Act Issue: Series C Series D Series E Series T Series U Series V MBIA D MFR O Loc Gov & Rural Water Sys Rev Ln Prog Ser C Series W Ec Dev Hwy Act H Stennis Stennis Space Ctr Proj & Spillway RD Series X MFRA P MS Small Muni and Ltd Population Counties Issue, MS, Lane, Water & Timber Res Issue & MS Tele Conf Tng Ctr A Series Y, Small Muni and Ltd Pop Counties Fund & Land, Water &

PRINCIPAL PRICIPAL PRINCIPAL INTEREST TOTALPAID DEFEASED/CALLED OUTSTANDING PAID PAIDFY 04 FY 04 AT 6/30/04 FY 04 FY 04

1,550,000 0 0 35,844 1,585,8441,165,000 1,225,000 0 54,970 1,219,9702,295,000 0 0 123,356 2,418,3563,300,000 0 3,485,000 364,500 3,664,5004,555,000 0 4,840,000 657,650 5,212,6503,760,000 0 8,175,000 603,300 4,363,3003,345,000 0 7,250,000 518,625 3,863,625

5,645,000 0 12,410,000 913,950 6,558,950

4,335,000 0 14,560,000 1,054,775 5,389,7755,625,000 10,395,000 29,650,000 2,238,850 7,863,850

0 5,325,000 0 133,125 133,125

3,905,000 14,165,000 33,760,000 2,057,288 5,962,2886,055,000 6,895,000 36,775,000 2,427,775 8,482,775

6,965,000 48,730,000 51,725,000 4,301,775 11,266,7756,705,000 0 60,295,000 3,148,850 9,853,8506,160,000 0 61,715,000 3,346,325 9,506,325

0 0 94,595,000 395,533 395,533

65,365,000 86,735,000 419,235,000 22,376,490 87,741,490

1,085,000 0 3,745,000 362,250 1,447,250

785,000 0 830,000 52,786 837,786

4,825,000 21,835,000 1,414,313 6,239,313

17,985,000 0 164,475,000 8,674,525 26,659,525

5,510,000 0 32,095,000 1,742,500 7,252,500

1,625,000 0 9,775,000 728,103 2,353,103

1,605,000 0 15,835,000 865,160 2,470,160

865,000 2,530,000 12,105,000 504,688 1,369,688

1,235,000 0 12,925,000 491,100 1,726,100

0 0 20,000,000 484,511 484,511

0 0 46,250,000 0 0

60,000 0 380,000 29,325 89,32530,000 0 190,000 14,665 44,66530,000 0 190,000 14,660 44,660

1,050,000 0 1,130,000 124,125 1,174,125 1,875,000 0 49,385,000 3,121,325 4,996,325

1,495,000 0 13,275,000 994,094 2,489,094

5,160,000 0 46,285,000 3,161,325 8,321,325

2,590,000 0 24,860,000 1,203,849 3,793,849

2,160,000 0 23,090,000 981,123 3,141,123




AMOUNT DATE MATURITY DATE AT 6/30/03 FY04 Timber Resources Fund Proj Series Z, Small Municipalities & Ltd Pop 80,250,000 08/03 08/18 08/13 80,250,000 Counties, Ser C MS Maj Ec Imp J & Farish Street Historic District

Totals 173,235,000 80,250,000

MS Business Investment Act Issue, Series P, MS Farm Reform Act Issue, Series J & Small Business Assistance Series B 28,750,000 09/95 09/10 09/02 1,450,000 0

MFRA Series L 60,510,000 09/96 09/16 09/06 50,810,000 0 MBIA Series R MS Major Economic Impact Act Series G Loc Gov Series A & Loc Gov Rev Loan D

MFRA Series M 29,700,000 03/97 03/12 03/05 3,700,000 0 MBI Series S Economic Dev Highway Act Series E

MFRA Series N 33,000,000 09/98 09/13 09/05 7,690,000 0 Economic Dev Highway Act Series F

MS Major Economic Impact Act Issue: Series F 36,400,000 02/95 02/15 02/05 3,110,000 0 Series H, Dept of Educ Tech-Prep A 47,490,000 11/97 11/07 NC 26,770,000 0 and Loc Gov Cap Imp Act G Series I 28,750,000 10/99 11/09 NC 21,910,000 0 and Ms Ec Dev Hwy Act Series G Series 2002B Notes 305,000,000 12/02 12/03 NC 305,000,000 0

Nissan 03A 140,000,000 11/03 11/28 NC 140,000,000 Nissan 03B 140,000,000 11/03 11/28 NC 140,000,000 Nissan 03C 83,500,000 11/03 11/23 NC 83,500,000

Totals 356,790,000 363,500,000

MS Small Enterprise Development Finance Act Issue: Series 1990 B-I 890,000 09/90 09/05 09/95 100,000 0 Series 1991 A-J 12,485,000 11/91 11/06 11/96 1,080,000 0 Series 1992 A-G 4,470,000 06/92 06/07 06/97 330,000 0 Series 1993 A-K 14,760,000 12/93 12/08 12/98 3,210,000 0 Series 1994 A-N, P and Q 15,735,000 03/94 03/09 03/99 3,934,000 0 Series 1994 R-Z 10,290,000 06/94 06/09 06/99 3,515,000 0 Series 1994 AA-HH 6,995,000 11/94 11/09 11/99 1,345,000 0 Series 1995 A-H 8,590,000 05/95 05/10 05/00 840,000 0 Series 1995 I-O 7,640,000 12/95 12/10 12/00 3,485,000 0 Series 1996 A-G 8,855,000 05/96 05/11 05/01 4,705,000 0 Series 1996 H-O 6,500,000 12/96 12/11 12/01 1,995,000 0 Series 1997 A-H 7,660,000 08/97 08/12 08/02 2,675,000 0 Series 1998 A-H 9,930,000 03/98 03/13 03/03 4,180,000 0 Series 1998 I-R 11,370,000 11/98 11/13 11/03 6,955,000 0 Series 1999 A-E 7,270,000 07/99 07/14 07/04 4,020,000 0 Series 1999 F-M 9,330,000 12/99 12/14 12/14 5,955,000 0 Series 2000 A-C 3,325,000 11/00 11/15 09/05 2,860,000 0 Series 2000 D F-O 11,370,000 12/00 12/15 12/05 10,075,000 0 Series 2001 A-C 4,150,000 07/01 07/16 07/06 3,765,000 0 Series 2003 A-C 2,290,000 05/03 11/18 05/08 2,290,000 0 Series 2004 A-C 5,400,000 04/04 04/19 04/09 5,400,000

Totals 67,314,000 5,400,000

Refunding Bonds: Series 1992-B 127,910,000 01/93 11/11 NC 90,770,000 0 Series 1993-A 89,445,000 01/94 11/12 NC 53,625,000 0 Series 1996 79,850,000 10/15/96 10/14 12/06 77,275,000 0

FO

Timber Resources Fund Proj Series Z, Small Municipalities & Ltd Pop Counties, Ser C MS Maj Ec Imp J & Farish Street Historic District

Totals

MS Business Investment Act Issue, Series P, MS Farm Reform Act Issue, Series J & Small Business Assistance Series B

MFRA Series L MBIA Series R MS Major Economic Impact Act Series G Loc Gov Series A & Loc Gov Rev Loan D

MFRA Series M MBI Series S Economic Dev Highway Act Series E

MFRA Series N Economic Dev Highway Act Series F

MS Major Economic Impact Act Issue: Series F Series H, Dept of Educ Tech-Prep A and Loc Gov Cap Imp Act G Series I and Ms Ec Dev Hwy Act Series G Series 2002B Notes

Nissan 03A Nissan 03B Nissan 03C

Totals

MS Small Enterprise Development Finance Act Issue: Series 1990 B-I Series 1991 A-J Series 1992 A-G Series 1993 A-K Series 1994 A-N, P and Q Series 1994 R-Z Series 1994 AA-HH Series 1995 A-H Series 1995 I-O Series 1996 A-G Series 1996 H-O Series 1997 A-H Series 1998 A-H Series 1998 I-R Series 1999 A-E Series 1999 F-M Series 2000 A-C Series 2000 D F-O Series 2001 A-C Series 2003 A-C Series 2004 A-C

Totals

Refunding Bonds: Series 1992-B Series 1993-A Series 1996


0 0 80,250,000 2,021,863 2,021,863

14,450,000 0 239,035,000 11,666,353 26,116,353

0 0 1,450,000 100,775 100,775

2,100,000 0 48,710,000 3,574,980 5,674,980

1,780,000 0 1,920,000 270,100 2,050,100

1,740,000 0 5,950,000 417,740 2,157,740

1,500,000 0 1,610,000 196,770 1,696,7704,820,000 0 21,950,000 1,302,375 6,122,375

2,580,000 0 19,330,000 1,413,343 3,993,343

305,000,000 0 0 4,755,326 309,755,326

0 0 140,000,000 787,297 787,2970 0 140,000,000 766,784 766,7840 0 83,500,000 522,100 522,100

313,900,000 0 406,390,000 9,743,994 323,643,994

30,000 0 70,000 5,950 35,950245,000 0 835,000 61,728 306,72875,000 0 255,000 20,320 95,320

580,000 1,410,000 1,220,000 100,078 680,0781,025,000 144,000 2,765,000 211,024 1,236,024

535,000 1,365,000 1,615,000 171,354 706,354205,000 275,000 865,000 78,003 283,003220,000 0 620,000 45,003 265,003365,000 575,000 2,545,000 163,763 528,763665,000 0 4,040,000 252,365 917,365135,000 420,000 1,440,000 79,690 214,690275,000 0 2,400,000 122,425 397,425430,000 835,000 2,915,000 176,565 606,565670,000 2,240,000 4,045,000 291,633 961,633230,000 1,610,000 2,180,000 134,143 364,143375,000 0 5,580,000 331,626 706,626245,000 0 2,615,000 140,979 385,979715,000 0 9,360,000 538,348 1,253,348265,000 0 3,500,000 182,679 447,67975,000 0 2,215,000 90,739 165,739

0 0 5,400,000 0 0

7,360,000 8,874,000 56,480,000 3,198,412 10,558,412

5,755,000 0 85,015,000 5,069,795 10,824,7954,275,000 0 49,350,000 2,522,298 6,797,298

500,000 0 76,775,000 4,049,476 4,549,476




AMOUNT DATE MATURITY DATE AT 6/30/03 FY04 Series 2000 90,135,000 11/01 11/13 NC 90,135,000 0 Series 2001 229,980,000 01/01 01/16 NC 229,980,000 0 Series 2002A Institutional 221,880,000 01/02 01/19 NC 221,880,000 0 Series 2002A Retail 33,035,000 01/02 01/19 NC 33,035,000 0 Series 2002B 58,580,000 01/02 01/10 NC 52,080,000 0 Series 2002C Institutional 42,245,000 06/02 08/08 NC 42,245,000 0 Series 2002C Retail 9,395,000 06/02 08/08 NC 9,395,000 0 Series 2002D Institutional 62,435,000 01/03 07/18 NC 62,435,000 0 Series 2002D Retail 14,905,000 01/03 07/18 NC 14,905,000 0 Series 2003A Institutional 324,400,000 05/03 11/22 NC 324,400,000 0 Series 2003A Retail 1,750,000 05/03 11/22 NC 1,750,000 0 Series 2003B 84,505,000 05/03 11/16 NC 84,505,000 0 Series 2003D Institutional 81,920,000 12/03 12/20 NC 81,920,000 Series 2003D Retail 6,185,000 12/03 12/20 NC 6,185,000

Totals 1,388,415,000 88,105,000

Total Net Direct General Obligation Bonds 2,823,654,000 712,260,000

Self-Supporting General Obligation BondsWith Specific Revenue Pledges

Port Improvement Bonds - Gulfport: Series 15 15,000,000 08/93 08/03 08/98 1,845,000 0 Series 16 40,000,000 09/98 09/18 09/08 34,845,000 0

Totals 36,690,000 0

Port Improvement Refunding Bonds (For the Port of Gulfport): Series 1991B 6,155,000 12/91 12/04 NC 755,000 0

Port Improvement Bonds - Pascagoula: Series 12 1,270,000 * 08/89** 08/03 08/98 160,000 0

Totals 160,000 0

Port Improvement Refunding Bonds (For the Greater Port of Pascagoula): Series 1991A 10,705,000 12/91 12/05 NC 2,590,000 0

Deer Island Project Issue 8,800,000 12/02 12/12 NC 8,800,000 0

Total Self-Supporting General Obligation Bonds With Specific Revenue Pledges 48,995,000 0 0TOTAL GENERAL OBLIGATION BONDS 2,872,649,000 712,260,000

REVENUE BONDS

State Fair Commission Revenue Bonds: Series 1985 1,650,000 12/85 12/05 12/94 430,000 0

Hwy Rev Ref (Four-Lane Hwy) 1999 200,000,000 06/99 06/09 NC 132,390,000 0

Totals 132,820,000 0

TOTAL BONDED INDEBTEDNESS 3,005,469,000 $712,260,000

* Non-refunded dollar amount** Original issue date

FO

Series 2000 Series 2001 Series 2002A Institutional Series 2002A Retail Series 2002B Series 2002C Institutional Series 2002C Retail Series 2002D Institutional Series 2002D Retail Series 2003A Institutional Series 2003A Retail Series 2003B Series 2003D Institutional Series 2003D Retail

Totals

Total Net Direct General Obligation Bonds

Self-Supporting General Obligation BondsWith Specific Revenue Pledges

Port Improvement Bonds - Gulfport: Series 15 Series 16

Totals

Port Improvement Refunding Bonds (For the Port of Gulfport): Series 1991B

Port Improvement Bonds - Pascagoula: Series 12

Totals

Port Improvement Refunding Bonds (For the Greater Port of Pascagoula): Series 1991A

Deer Island Project Issue

Total Self-Supporting General Obligation Bonds With Specific Revenue Pledges TOTAL GENERAL OBLIGATION BONDS

REVENUE BONDS

State Fair Commission Revenue Bonds: Series 1985

Hwy Rev Ref (Four-Lane Hwy) 1999

Totals

TOTAL BONDED INDEBTEDNESS

* Non-refunded dollar amount** Original issue date


0 0 90,135,000 4,830,925 4,830,9250 0 229,980,000 12,595,663 12,595,6630 0 221,880,000 12,088,675 12,088,675

4,260,000 0 28,775,000 1,092,038 5,352,0389,265,000 0 42,815,000 2,389,556 11,654,5567,790,000 0 34,455,000 1,873,913 9,663,913

0 0 9,395,000 329,288 329,2880 0 62,435,000 3,339,788 3,339,788

70,000 0 14,835,000 562,590 632,5905,715,000 0 318,685,000 16,536,213 22,251,213

0 0 1,750,000 43,750 43,7501,440,000 0 83,065,000 2,910,318 4,350,318

0 0 81,920,000 1,389,509 1,389,5090 0 6,185,000 74,961 74,961

39,070,000 0 1,437,450,000 71,698,752 110,768,752

481,285,000 98,139,000 2,956,490,000 138,367,531 619,652,531

1,845,000 0 0 43,819 1,888,8191,460,000 0 33,385,000 1,635,363 3,095,363

3,305,000 0 33,385,000 1,679,181 4,984,181

360,000 0 395,000 34,895 394,895

75,000 85,000 0 5,238 80,238

75,000 85,000 0 5,238 80,238

820,000 0 1,770,000 133,485 953,485

800,000 0 8,000,000 266,400 1,066,400

5,360,000 85,000 43,550,000 2,119,199 7,479,199

486,645,000 98,224,000 3,000,040,000 140,486,730 627,131,730

135,000 0 295,000 34,116 169,116

19,875,000 0 112,515,000 6,950,475 26,825,475

20,010,000 0 112,810,000 6,984,591 26,994,5910

$506,655,000 $98,224,000 $3,112,850,000 $147,471,321 $654,126,321

STATE OF MISSISSIPPISCHEDULE OF DEBT SERVICE

NET DIRECT GENERAL OBLIGATION BONDS

FISCAL PRINCIPAL INTEREST TOTAL YEAR PAYMENT PAYMENT PAYMENT

2005 203,940,000 135,209,348 339,149,3482006 210,885,000 124,301,633 335,186,6332007 212,280,000 113,945,613 326,225,6132008 215,930,000 103,277,862 319,207,8622009 219,050,000 92,623,345 311,673,3452010 214,140,000 81,861,547 296,001,5472011 207,030,000 71,529,971 278,559,9712012 192,450,000 61,465,252 253,915,2522013 166,125,000 52,619,978 218,744,9782014 160,645,000 44,534,015 205,179,0152015 149,535,000 36,805,969 186,340,9692016 136,755,000 29,731,488 166,486,4882017 139,315,000 23,284,157 162,599,1572018 105,360,000 17,247,990 122,607,9902019 92,535,000 12,560,941 105,095,9412020 72,765,000 9,002,466 81,767,4662021 61,445,000 6,295,809 67,740,8092022 48,180,000 4,266,512 52,446,5122023 36,925,000 2,915,202 39,840,2022024 26,400,000 2,164,028 28,564,0282025 15,660,000 1,696,000 17,356,0002026 16,100,000 1,382,000 17,482,0002027 16,835,000 1,060,800 17,895,8002028 17,680,000 724,100 18,404,1002029 18525000 370,500 18,895,500

$2,956,490,000 $1,030,876,524 $3,987,366,524

74

SCHEDULE OF DEBT SERVICESELF-SUPPORTING GENERAL OBLIGATION BONDS WITH

SPECIFIC REVENUE PLEDGES


2005 3,595,000 1,912,813 5,507,8132006 3,350,000 1,758,564 5,108,5642007 2,535,000 1,637,476 4,172,4762008 2,635,000 1,538,813 4,173,8132009 2,750,000 1,433,378 4,183,3782010 2,875,000 1,314,855 4,189,8552011 3,000,000 1,182,648 4,182,6482012 3,135,000 1,042,968 4,177,9682013 3,280,000 895,531 4,175,5312014 2,405,000 759,625 3,164,6252015 2,525,000 636,375 3,161,3752016 2,655,000 506,875 3,161,8752017 2,790,000 370,750 3,160,7502018 2,935,000 227,625 3,162,6252019 3,085,000 77,125 3,162,125

$43,550,000 $15,295,419 $58,845,419

75

SCHEDULE OF DEBT SERVICETOTAL GENERAL OBLIGATIONS BONDS


2005 207,535,000 137,122,160 344,657,1602006 214,235,000 126,060,197 340,295,1972007 214,815,000 115,583,089 330,398,0892008 218,565,000 104,816,675 323,381,6752009 221,800,000 94,056,723 315,856,7232010 217,015,000 83,176,402 300,191,4022011 210,030,000 72,712,618 282,742,6182012 195,585,000 62,508,219 258,093,2192013 169,405,000 53,515,509 222,920,5092014 163,050,000 45,293,640 208,343,6402015 152,060,000 37,442,344 189,502,3442016 139,410,000 30,238,363 169,648,3632017 142,105,000 23,654,907 165,759,9072018 108,295,000 17,475,615 125,770,6152019 95,620,000 12,638,066 108,258,0662020 72,765,000 9,002,466 81,767,4662021 61,445,000 6,295,809 67,740,8092022 48,180,000 4,266,512 52,446,5122023 36,925,000 2,915,202 39,840,2022024 26,400,000 2,164,028 28,564,0282025 15,660,000 1,696,000 17,356,0002026 16,100,000 1,382,000 17,482,0002027 16,835,000 1,060,800 17,895,8002028 17,680,000 724,100 18,404,1002029 18,525,000 370,500 18,895,500

$3,000,040,000 $1,046,171,943 $4,046,211,943

SCHEDULE OF DEBT SERVICEREVENUE BONDS


2005 20,815,000 5,928,028 26,743,0282006 21,675,000 4,828,950 26,503,9502007 22,440,000 3,691,800 26,131,8002008 23,420,000 2,513,700 25,933,7002009 24,460,000 1,284,150 25,744,150

$112,810,000 $18,246,628 $131,056,628

76


2005 228,350,000 143,050,187 371,400,1872006 235,910,000 130,889,147 366,799,1472007 237,255,000 119,274,889 356,529,8892008 241,985,000 107,330,375 349,315,3752009 246,260,000 95,340,873 341,600,8732010 217,015,000 83,176,402 300,191,4022011 210,030,000 72,712,618 282,742,6182012 195,585,000 62,508,219 258,093,2192013 169,405,000 53,515,509 222,920,5092014 163,050,000 45,293,640 208,343,6402015 152,060,000 37,442,344 189,502,3442016 139,410,000 30,238,363 169,648,3632017 142,105,000 23,654,907 165,759,9072018 108,295,000 17,475,615 125,770,6152019 95,620,000 12,638,066 108,258,0662020 72,765,000 9,002,466 81,767,4662021 61,445,000 6,295,809 67,740,8092022 48,180,000 4,266,512 52,446,5122023 36,925,000 2,915,202 39,840,2022024 26,400,000 2,164,028 28,564,0282025 15,660,000 1,696,000 17,356,0002026 16,100,000 1,382,000 17,482,0002027 16,835,000 1,060,800 17,895,8002028 17,680,000 724,100 18,404,1002029 18,525,000 370,500 18,895,500

$3,112,850,000 $1,064,418,570 $4,058,671,142

TOTAL BONDED INDEBTEDNESSSCHEDULE OF DEBT SERVICE

STATE OF MISSISSIPPI

77

The Annual Report of the Treasurer

Significant Accounting Policies

Significant accounting policies applicable to the State Treasurer are described below. A. Basis of Accounting - The accompanying financial statements of the State Treasurer have been prepared on the cash basis of accounting for the reporting period July 1, 2003 through June 30, 2004. The Treasury's policy is to record receipts when deposited with the Treasurerσ Office and disbursements when State warrants are presented to the Treasurerσ Office for redemption. B. Fund Accounting - The financial activities of the State are recorded in individual funds that are used to observe the restrictions placed on resources and expenditures and to report the financial position of these funds. A fund is defined as an independent fiscal and accounting entity with a self-balancing set of accounts. Individual funds are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with specific regulations, restrictions or statutory limitations.

Please send changes of address to: Tate Reeves, State Treasurer, P.O. Box 138, Jackson, MS 39205-0138.

Documents

State of Mississippi Treasurer’s Annual Report · State of Mississippi Treasurer’s Annual Report For the Year Ended June 30, 2004. Office of the State Treasurer Tate Reeves State