CITY OF REVERE, MASSACHUSETTS
Combined Balance Sheet -
All Fund Types and Account Group
June 30, 1999
(December 31, 1998 for Contributory Retirement System)
																Fiduciary											Contributory
							Governmental Fund Types									Fund Types			Account Group			Totals					Retirement
										Special			Capital			Trust and			General Long-			(Memorandum					System
							General			Revenue			Projects			Agency			Term Debt			Only)					December 31, 1998
	ASSETS
Cash and cash equivalents						$	6,848,152		$	1,935,765		$	1,430,521		$	1,090,645		$	-		$	11,305,083				$	2,399,943
Investments							-			-			-			-			-			-					55,119,300
Receivables:
	Property taxes						4,127,950			-			-			-			-			4,127,950					-
	Excise taxes						1,300,064			-			-			-			-			1,300,064					-
	Departmental						2,930,222			-			-			-			-			2,930,222					-
Due from other governments							-			430,515			-			-			-			430,515					2,654,373
Amount to be provided for the retirement
of general long-term obligations							-			-			-			-			20,081,965			20,081,965					-
				Total Assets		$	15,206,388		$	2,366,280		$	1,430,521		$	1,090,645		$	20,081,965		$	40,175,799				$	60,173,616
LIABILITIES AND FUND EQUITY
Liabilities:
	Warrants payable					$	1,354,384		$	308,201		$	-		$	-		$	-		$	1,662,585				$	-
	Accrued expenses						329,626			-			-			-			-			329,626					206
	Deferred revenues						8,122,952			430,515			-			-			-			8,553,467					-
	Reserve for tax refunds						70,000			-			-			-			-			70,000					-
	General obligation bonds payable						-			-			-			-			13,551,542			13,551,542					-
	Bond anticipation notes payable						-			-			1,600,000			-			-			1,600,000					-
	Obligation for worker's compensation
	claims payable						-			-			-			-			2,870,049			2,870,049					-
	Compensated absences						-			-			-			-			3,660,374			3,660,374					-
	Other liabilities						6,865			-			-			25,815			-			32,680					-
		Total Liabilities					9,883,827			738,716			1,600,000			25,815			20,081,965			32,330,323					206
Fund Equity:
	Fund balances:
		Reserved for encumbrances					5,222,986			-			-			-			-			5,222,986					-
		Reserved for employee pensions					-			-			-			-			-			-					60,173,410
		Unreserved:
			Undesignated				99,575			1,627,564			(169,479)			1,064,830			-			2,622,490					-
			Total Fund Equity				5,322,561			1,627,564			(169,479)			1,064,830			-			7,845,476					60,173,410
				Total Liabilities and Fund Equity		$	15,206,388		$	2,366,280		$	1,430,521		$	1,090,645		$	20,081,965		$	40,175,799				$	60,173,616
The notes to the financial statements are an integral part of this statement.