NOTES TO FINANCIAL STATEMENTS


NOTE 4: Long-Term Debt

As of June 30

1997

1996

Plant Funds

Interest Rate

Maturity

(in thousands)

Revenue Bonds

Medical Center Series A

4.0%-5.2%

1998-2015

$ 43,445

$ 46,600

Medical Center Series E

6.0%-7.0%

2001-2013

55,875

55,875

University of Virginia Series A

variable

2020

6,100

6,100

University of Virginia Series B

4.0%-5.375%

1998-2020

57,360

59,035

Clinch Valley College Series B

5.6%-5.875%

1998-2011

325

340

Commonwealth of Virginia Bonds

3.6%-9.25%

1998-2013

64,192

69,299

Higher Education Equipment Trust

Fund Leases Payable

3.85%-5.35%

1997-2001

18,699

15,435

Other

various

1997-2002

725

1,076

Total

$ 246,721

$ 253,760


Long-term debt matures for each of the next five years and in the aggregate (in thousands):

1997 - 1998

$ 15,447

1998 - 1999

14,317

1999 - 2000

13,658

2000 - 2001

14,252

2001 - 2002

20,827

Later years

168,220

Total

$ 246,721

Notes to Financial Statements | Note 1 | Note 2 | Note 3 | Note 4 | Note 5 | Note 6 | Note 7 | Note 8 | Note 9 | Note 10 | Note 11 | Note 12 | Note 13


President's Report 1996-97 Contents

Financial Report 1996-1997