As of June 30, 2001 With Comparative Figures for 2000 (in thousands)
ASSETS
|
Assets |
Current Funds | Loan Funds |
Endowment and Similar Funds (Note 1) |
Plant Funds | Agency Funds | Total 2001 | Total 2000* |
|
Cash (Note 2) |
$83,864 |
$2,708 |
$-- |
$75,500 |
$3,081 |
$165,153 |
$169,344 |
|
Accounts Receivable |
124,360 |
-- |
-- |
-- |
-- |
124,360 |
100,374 |
|
Appropriations Receivable |
-- |
-- |
-- |
29,607 |
-- |
29,607 |
46,148 |
|
Interest Receivable |
8,599 |
-- |
-- |
-- |
-- |
8,599 |
6,378 |
|
Notes Receivable |
3,016 |
26,929 |
-- |
-- |
-- |
29,945 |
25,887 |
| Pledges Receivable |
30,919
|
--
|
--
|
12,473
|
--
|
43,392
|
--
|
|
Advances to Foundations (Note 3c) |
-- |
-- |
45,014 |
-- |
-- |
45,014 |
36,578 |
|
Investments (Note 2) |
268,116 |
-- |
1,742,498 |
221,369 |
-- |
2,231,983 |
2,182,966 |
| Investments Under Security Lending (Note 2) |
5,818
|
--
|
244,319
|
--
|
--
|
250,137
|
3,642
|
|
Inventories |
13,484 |
-- |
-- |
-- |
-- |
13,484 |
11,948 |
|
Prepaid Expenses |
5,386 |
-- |
-- |
-- |
-- |
5,386 |
5,081 |
|
Investment in Plant |
-- |
-- |
-- |
1,879,059 |
-- |
1,879,059 |
1,743,162 |
| Goodwill |
2,494
|
--
|
--
|
--
|
--
|
2,494
|
1,741
|
|
Due from Other Funds (Note 3f) |
20,129 |
-- |
2,325 |
450 |
48,394 |
71,298 |
69,834 |
|
Total Assets |
566,185 |
29,637 |
2,034,156 |
2,218,458 |
51,475 |
4,899,911 |
4,403,083 |
LIABILITIES AND FUND BALANCES
|
Liabilities |
Current Funds | Loan Funds |
Endowment and Similar Funds (Note 1) |
Plant Funds | Agency Funds | Total 2001 | Total 2000* |
|
Accounts Payable and Accrued Expenses |
$100,040 |
$20 |
$-- |
$4,740 |
$-- |
$104,800 |
$104,534 |
|
Collateral Held for Security Lending (Note 2) |
5,818 |
-- |
244,319 |
-- |
-- |
250,137 |
3,642 |
|
Grant and Contract Prepayments |
36,780 |
-- |
-- |
-- |
-- |
36,780 |
35,321 |
|
Advance from Treasurer of Virginia |
260 |
-- |
-- |
-- |
-- |
260 |
260 |
|
Deposits and Deferred Revenues |
22,920 |
-- |
-- |
-- |
-- |
22,920 |
24,191 |
|
Investments and Deposits Held for Others |
-- |
-- |
-- |
-- |
51,475 |
51,475 |
36,199 |
|
Accrued Compensated Absences |
35,381 |
-- |
-- |
-- |
-- |
35,381 |
28,686 |
|
Long-Term Debt |
-- |
-- |
-- |
351,547 |
-- |
351,547 |
324,109 |
|
Due to Other Funds |
2,775 |
-- |
48,394 |
20,129 |
-- |
71,298 |
69,834 |
|
Total Liabilities |
203,974 |
20 |
292,713 |
376,416 |
51,475 |
924,598 |
626,776 |
|
Fund Balances |
Current Funds | Loan Funds |
Endowment and Similar Funds (Note 1) |
Plant Funds | Agency Funds | Total 2001 | Total 2000* |
|
Current Funds--Unrestricted |
$171,369 |
$-- |
$-- |
$-- |
$-- |
$171,369 |
$157,338 |
|
Current Funds--Restricted |
190,842 |
-- |
-- |
-- |
-- |
190,842 |
129,440 |
|
Loan Funds, U.S. Government Grants |
-- |
15,414 |
-- |
-- |
-- |
15,414 |
15,359 |
|
Loan Funds, University |
-- |
14,203 |
-- |
-- |
-- |
14,203 |
13,213 |
|
Life Income Funds |
-- |
-- |
33,244 |
-- |
-- |
33,244 |
31,999 |
|
Quasi-Endowment Funds--Unrestricted |
-- |
-- |
518,168 |
-- |
-- |
518,168 |
528,016 |
|
Quasi-Endowment Funds--Restricted |
-- |
-- |
415,132 |
-- |
-- |
415,132 |
424,473 |
|
Endowment Funds |
-- |
-- |
774,890 |
-- |
-- |
774,890 |
784,327 |
|
Term Endowment Funds |
-- |
-- |
9 |
-- |
-- |
9 |
10 |
|
Expendable Plant Funds--Unrestricted |
-- |
-- |
-- |
54,000 |
-- |
54,000 |
42,256 |
|
Expendable Plant Funds--Restricted |
-- |
-- |
-- |
222,419 |
-- |
222,419 |
200,067 |
|
Retirement of Debt Funds |
-- |
-- |
-- |
2,119 |
-- |
2,119 |
1,860 |
|
Net Investment in Plant |
-- |
-- |
-- |
1,563,504 |
-- |
1,563,504 |
1,447,949 |
|
Total Fund Balances |
362,211 |
29,617 |
1,741,443 |
1,842,042 |
-- |
3,975,313 |
3,776,307 |
|
Total Liabilities and Fund Balances |
$566,185 |
$29,637 |
$2,034,156 |
$2,218,458 |
$51,475 |
$4,899,911 |
$4,403,083 |
*Certain 2000 amounts have been restated to conform to 2001 classifications.
The accompanying Notes to Financial Statements are an integral part of this statement.