Balance Sheet

As of June 30, 1994 -- With Comparative Figures for 1993 (in thousands)

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Current FundsLoan FundsEndowment and
Similar Funds
(Note 1)
Plant FundsAgency Funds Total 1994 Total 1993*
Assets
Cash and Equivalents (Note 2)$ 89,705 $ 1,712 $ 29,216 $ 23,335 $ 3,956 $ 147,924 $ 115,624
Equipment Trust Fund Cash -- -- -- 515 -- 515 0
Accounts Receivable (Note 3a)71,836 -- -- -- -- 71,836 58,224
Appropriations Receivable 6,463 -- -- 11,593 --18,056 34,901
Interest Receivable3,864 -- -- -- -- 3,864 4,757
Notes Receivable (Note 3b) -- 20,853 -- -- -- 20,853 20,460
Advances to Foundations (Note 3c)500 --36,328 -- --36,82835,666
Investments (Note 2)86,829 --602,660 111,390 --800,879825,902
Inventories 8,389 -- -- -- -- 8,389 9,190
Prepaid Expenses4,514 -- -- -- -- 4,514 5,311
Equipment Trust Fund Equity -- -- -- -- -- 0 957
Investment in Plant (Note 3d) -- -- -- 1,169,661 -- 1,169,661 1,090,574
Due from Other Funds (Note 3f) 971 -- -- 501 27,626 29,098 30,564
Total Assets $273,071 $ 22,565 $668,204 $1,316,995 $ 31,582 $2,312,417 $2,232,130
Liabilities and Fund Balances

Liabilities

Accounts Payable and Accrued Expenses $ 17,018 $ 28 $ -- $ 7,358 $ -- $ 24,404 $ 23,309
Grant and Contract Prepayments13,762 -- -- -- -- 13,762 11,544
Advance from Treasurer of Virginia292 -- -- -- -- 292 292
Deposits and Deferred Revenues 13,229 -- -- 909 -- 14,138 9,110
Investments and Deposits Held for Others -- -- -- -- 31,582 31,582 28,453
Accrued Compensated Absences 23,460 ---- -- -- 23,460 20,170
Long-Term Debt (Note 4) -- -- -- 243,682 -- 243,682 247,818
Due to Other Funds (Note 3f)1,071 -- 27,056971 -- 29,098 30,564
Total Liabilities 68,832 28 27,056 252,920 31,582 380,418 371,260
Fund Balances
Current Funds--Unrestricted 119,213 -- -- -- -- 119,213103,014
Current Funds--Restricted 85,026 -- -- -- -- 85,026 85,483
Loan Funds, U.S. Government Grants -- 14,751 -- -- -- 14,751 14,512
Loan Funds, University --7,786 -- -- -- 7,786 6,827
Life Income Funds -- -- 3,075 -- -- 3,075 3,311
Quasi-Endowment Funds--Unrestricted -- -- 208,034 -- -- 208,034 212,235
Quasi-Endowment Funds--Restricted -- --150,801 -- --150,801148,714
Endowment Funds -- -- 279,234 -- -- 279,234 273,648
Term Endowment Funds -- -- 4 -- -- 44
Expendable Plant Funds--Unrestricted -- -- -- 22,501 -- 22,50116,031
Expendable Plant Funds--Restricted -- -- -- 64,183 -- 64,183 86,540
Retirement of Debt Funds -- -- -- 4,379 -- 4,379 3,966
Net Investment in Plant -- -- -- 973,012 -- 973,012 906,585
Total Fund Balances204,239 22,537 641,148 1,064,075 -- 1,931,999 1,860,870
Total Liabilities and Fund Balances $273,071 $ 22,565 $668,204 $1,316,995 $ 31,582 $2,312,417 $2,232,130

* Certain 1993 amounts have been restated to conform to 1994 classifications.

The accompanying Notes to Financial Statements are an integral part of this statement.

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