BALANCE SHEET

As of June 30, 1997
With Comparative Figures for 1996
(in thousands)

[for optimal viewing, expand browser window until end of this line is visible]


Current Funds

Loan Funds

Endowment and Similar Funds (Note 1)

Plant Funds

Agency Funds

Total 1997

Total 1996*

Assets

Cash (Note 2)

$ 110,798

$ 1,444

$ --

$ 32,603

$ 2,660

$ 147,505

$ 119,648

Equipment Trust Fund Cash

--

--

--

12

--

12

80

Accounts Receivable (Note 3a)

97,082

--

--

--

--

97,082

82,408

Appropriations Receivable

--

--

--

4,874

1,420

6,294

4,370

Interest Receivable

5,197

--

--

--

--

5,197

4,985

Notes Receivable (Note 3b)

--

23,556

--

--

--

23,556

22,493

Advances to Foundations (Note 3c)

500

--

37,389

6,500

--

44,389

49,384

Investments (Note 2)

159,477

--

1,195,146

110,015

--

1,464,638

1,180,912

Inventories

11,114

--

--

--

--

11,114

9,746

Prepaid Expenses

4,522

--

--

--

--

4,522

4,994

Investment in Plant (Note 3d)

--

--

--

1,452,187

--

1,452,187

1,374,009

Due from Other Funds (Note 3f)

12,180

--

3,034

460

23,396

39,070

70,887 

Total Assets

$ 400,870

$ 25,000

$ 1,235,569

$ 1,606,651

$ 27,476

$ 3,295,566

$ 2,923,916 

Liabilities and Fund Balances
Liabilities

Accounts Payable and Accrued Expenses

$ 85,464

$ 5

$ --

$ 4,564

$ --

$ 90,033

$ 48,368

Collateral Held for Security Lending (Note 2)

29,530

--

236,451

--

--

265,981

104,073

Grant and Contract Prepayments

18,725

--

--

--

--

18,725

18,007

Advance from Treasurer of Virginia

509

--

--

--

--

509

509

Deposits and Deferred Revenues

9,745

--

--

209

--

9,954

15,076

Investments and Deposits Held for Others

--

--

--

--

27,476

27,476

53,874

Accrued Compensated Absences

24,001

--

--

--

--

24,001

23,952

Long-Term Debt (Note 4)

--

--

--

246,721

--

246,721

253,760

Due to Other Funds (Note 3f)

3,814

--

23,076

12,180

--

39,070

70,887

Total Liabilities

171,788

5

259,527

263,674

27,476

722,470

588,506

Fund Balances

Current Funds--Unrestricted

133,673

--

--

--

--

133,673

151,215

Current Funds--Restricted

95,409

--

--

--

--

95,409

87,902

Loan Funds, U. S. Government Grants

--

14,916

--

--

--

14,916

14,995

Loan Funds, University

--

10,079

--

--

--

10,079

9,181

Life Income Funds

--

--

14,438

--

--

14,438

8,109

Quasi-Endowment Funds--Unrestricted

--

--

303,198

--

--

303,198

256,840

Quasi-Endowment Funds--Restricted

--

--

231,063

--

--

231,063

198,684

Endowment Funds

--

--

427,337

--

--

427,337

367,815

Term Endowment Funds

--

--

6

--

--

6

5

Expendable Plant Funds--Unrestricted

--

--

--

26,507

--

26,507

19,851

Expendable Plant Funds--Restricted

--

--

--

108,649

--

108,649

87,611

Retirement of Debt Funds

--

--

--

--

1,015

--

1,015 254

Net Investment in Plant

--

--

--

1,206,806

--

1,206,806

1,132,948

Total Fund Balances

229,082

24,995

976,042

1,342,977

--

2,573,096

2,335,410

Total Liabilities and Fund Balances

$ 400,870

$ 25,000

$ 1,235,569

$ 1,606,651

$ 27,476

$ 3,295,566

$ 2,923,916

*Certain 1996 amounts have been restated to conform to 1997 classifications. The accompanying Notes to the Financial Statements are an integral part of this statement.

Next


President's Report 1996-97 Contents

Financial Report 1996-1997