As of June 30, 1998
With Comparative Figures for 1997
(in thousands)
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|
Assets |
Current Funds | Loan Funds | Endowment and Similar Funds (Note 1) | Plant Funds | Agency Funds | Total 1998 | Total 1997* |
|
Cash (Note 2) |
$ 101,769 |
$ 1,334 |
$ -- |
$ 34,370 |
$ 3,240 |
$ 140,713 |
$ 147,505 |
|
Equipment Trust Fund Cash |
-- |
-- |
-- |
185 |
-- |
185 |
12 |
|
Accounts Receivable (Note 3a) |
96,275 |
-- |
-- |
-- |
-- |
96,275 |
97,082 |
|
Appropriations Receivable |
-- |
-- |
-- |
4,251 |
3 |
4,254 |
6,294 |
|
Interest Receivable |
6,073 |
-- |
-- |
-- |
-- |
6,073 |
5,197 |
|
Notes Receivable (Note 3b) |
3,962 |
24,332 |
-- |
-- |
-- |
28,294 |
23,556 |
|
Advances to Foundations (Note 3c) |
-- |
-- |
45,596 |
6,500 |
-- |
52,096 |
44,389 |
|
Investments (Note 2) |
206,458 |
-- |
1,349,086 |
133,965 |
-- |
1,689,509 |
1,464,638 |
|
Inventories |
12,050 |
-- |
-- |
-- |
-- |
12,050 |
11,114 |
|
Prepaid Expenses |
3,725 |
-- |
-- |
10 |
-- |
3,735 |
4,522 |
|
Investment in Plant (Note 3d) |
-- |
-- |
-- |
1,515,305 |
-- |
1,515,305 |
1,452,187 |
|
Due from Other Funds (Note 3f) |
14,754 |
-- |
3,718 |
450 |
30,167 |
49,089 |
39,070 |
|
Total Assets |
$ 445,066 |
$ 25,666 |
$ 1,398,400 |
$ 1,695,036 |
$ 33,410 |
$ 3,597,578 |
$ 3,295,566 |
Liabilities and Fund Balances
|
Liabilities |
Current Funds | Loan Funds | Endowment and Similar Funds (Note 1) | Plant Funds | Agency Funds | Total 1998 | Total 1997* |
|
Accounts Payable and Accrued Expenses |
$ 78,700 |
$ 4 |
$ -- |
$ 6,607 |
$ -- |
$ 85,311 |
$ 90,033 |
|
Collateral Held for Security Lending (Note 2) |
60,969 |
-- |
258,264 |
-- |
-- |
319,233 |
265,981 |
|
Grant and Contract Prepayments |
25,629 |
-- |
-- |
-- |
-- |
25,629 |
18,725 |
|
Advance from Treasurer of Virginia |
510 |
-- |
-- |
-- |
-- |
510 |
509 |
|
Deposits and Deferred Revenues |
12,635 |
-- |
-- |
-- |
-- |
12,635 |
9,954 |
|
Investments and Deposits Held for Others |
-- |
-- |
-- |
-- |
33,410 |
33,410 |
27,476 |
|
Accrued Compensated Absences |
26,176 |
-- |
-- |
-- |
-- |
26,176 |
24,001 |
|
Long-Term Debt (Note 4) |
-- |
-- |
-- |
242,497 |
-- |
242,497 |
246,721 |
|
Due to Other Funds (Note 3f) |
4,527 |
-- |
29,808 |
14,754 |
-- |
49,089 |
39,070 |
|
Total Liabilities |
209,146 |
4 |
288,072 |
263,858 |
33,410 |
794,490 |
722,470 |
|
Fund Balances |
Current Funds | Loan Funds | Endowment and Similar Funds (Note 1) | Plant Funds | Agency Funds | Total 1998 | Total 1997* |
|
Current Funds -- Unrestricted |
133,813 |
-- |
-- |
-- |
-- |
133,813 |
133,683 |
|
Current Funds -- Restricted |
102,107 |
-- |
-- |
-- |
-- |
102,107 |
95,399 |
|
Loan Funds, U. S. Government Grants |
-- |
15,180 |
-- |
-- |
-- |
15,180 |
14,916 |
|
Loan Funds, University |
-- |
10,482 |
-- |
-- |
-- |
10,482 |
10,079 |
|
Life Income Funds |
-- |
-- |
23,734 |
-- |
-- |
23,734 |
14,438 |
|
Quasi-Endowment Funds -- Unrestricted |
-- |
-- |
344,868 |
-- |
-- |
344,868 |
303,198 |
|
Quasi-Endowment Funds -- Restricted |
-- |
-- |
258,556 |
-- |
-- |
258,556 |
231,063 |
|
Endowment Funds |
-- |
-- |
483,164 |
-- |
-- |
483,164 |
427,337 |
|
Term Endowment Funds |
-- |
-- |
6 |
-- |
-- |
6 |
6 |
|
Expendable Plant Funds -- Unrestricted |
-- |
-- |
-- |
26,934 |
-- |
26,934 |
26,507 |
|
Expendable Plant Funds -- Restricted |
-- |
-- |
-- |
126,235 |
-- |
126,235 |
108,649 |
|
Retirement of Debt Funds |
-- |
-- |
-- |
416 |
-- |
416 |
1,015 |
|
Net Investment in Plant |
-- |
-- |
-- |
1,277,593 |
-- |
1,277,593 |
1,206,806 |
|
Total Fund Balances |
235,920 |
25,662 |
1,110,328 |
1,431,178 |
-- |
2,803,088 |
2,573,096 |
|
Total Liabilities and Fund Balances |
$ 445,066 |
$ 25,666 |
$ 1,398,400 |
$ 1,695,036 |
$ 33,410 |
$ 3,597,578 |
$ 3,295,566 |
*Certain 1997 amounts have been restated to conform to 1998 classifications.
The accompanying Notes to Financial Statements are an integral part of this statement.