| Combined Statement of Changes in Fund Balances | |||||||
| Higher Education Funds | |||||||
| For The Fiscal Year Ended June 30, 1998 | |||||||
| (Expressed in Thousands) | |||||||
| Endowment | |||||||
|---|---|---|---|---|---|---|---|
| Current Funds | and | Loan | Plant | Affiliated | |||
| Unrestricted | Restricted | Similar Funds | Funds | Funds | Organization | Total | |
| Revenues and Other Additions: | |||||||
| Current Funds Revenue | $ 557,388 | $ 141,991 | $ - | $ - | $ - | $ - | $ 699,379 |
| Federal Grants and Contracts | - | - | - | 9 | - | - | 9 |
| State Grants and Contracts | - | - | - | - | 11,967 | - | 11,967 |
| Private Gifts and Grants | - | - | 50 | 353 | - | - | 403 |
| Investment Earnings | - | - | 887 | 177 | 8,786 | - | 9,850 |
| Interest on Loans Receivable. | - | - | - | 529 | - | - | 529 |
| Expended for Plant Facilities. | - | - | - | - | 283,427 | - | 283,427 |
| Retirement of Indebtedness | - | - | - | - | 8,923 | - | 8,923 |
| Sale of Bonds | - | - | - | - | 99,280 | - | 99,280 |
| Foundation Revenues | - | - | - | - | - | 55,453 | 55,453 |
| Miscellaneous | - | - | 50 | 630 | 12,672 | - | 13,352 |
| Total Revenues and Other Additions | 557,388 | 141,991 | 987 | 1,698 | 425,055 | 55,453 | 1,182,572 |
| Expenditures and Other Deductions: | |||||||
| Education and General | 854,613 | 128,662 | - | - | - | - | 983,275 |
| Auxiliary Enterprises | 94,275 | 114 | - | - | - | - | 94,389 |
| Patient Car. | 86,060 | 177 | - | - | - | - | 86,237 |
| Indirect Costs Recovered | - | 15,134 | - | - | - | - | 15,134 |
| Loan Cancellations and Write-offs | - | - | - | 99 | - | - | 99 |
| Interest on Indebtedness | - | - | - | - | 10,297 | - | 10,297 |
| Capital Expenditures | - | - | - | - | 254,893 | - | 254,893 |
| Disposal of Plant Facilities | - | - | - | - | 35,685 | - | 35,685 |
| Administrative Costs | - | - | - | 201 | - | - | 201 |
| Retirement of Indebtedness | - | - | - | - | 8,923 | - | 8,923 |
| Foundation Expenditures | - | - | - | - | - | 8,651 | 8,651 |
| Other | - | 192 | 9,116 | 351 | 4,761 | - | 14,420 |
| Total Expenditures and Other Deductions | 1,034,948 | 144,279 | 9,116 | 651 | 314,559 | 8,651 | 1,512,204 |
| Transfers Among Funds - Additions (Deductions) | |||||||
| Mandatory: | |||||||
| Retirement of Indebtedness | (4,510) | - | - | - | 4,510 | - | - |
| Nonmandatory: | |||||||
| Transfer From Foundation | - | 7,420 | - | - | - | (7,420) | - |
| Transfer To Foundation | (3,604) | - | - | - | - | 3,604 | - |
| Other. | (1,236) | (2,638) | 21 | (152) | 4,005 | - | - |
| Total Transfers Among Funds | (9,350) | 4,782 | 21 | (152) | 8,515 | (3,816) | - |
| Operating Transfers from the State's | |||||||
| Governmental Funds | 517,309 | - | - | - | 177,752 | - | 695,061 |
| Change in Accounting for Compensated Absences | (11,212) | - | - | - | - | - | (11,212) |
| Net Increase (Decrease) in Fund Balances | 19,187 | 2,494 | (8,108) | 895 | 296,763 | 42,986 | 354,217 |
| Fund Balances (deficit) - July 1 (as restated) | 57,967 | 30,830 | 15,893 | 30,137 | 1,468,965 | 105,879 | 1,709,671 |
| Fund Balances (deficit) - June 30 | $ 77,154 | $ 33,324 | $ 7,785 | $ 31,032 | $ 1,765,728 | $ 148,865 | $ 2,063,888 |
| The accompanying notes are an integral part of the financial statements. | |||||||
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