Balance Sheet

As of June 30 1999 With Comparative Figures for 1998
(in thousands)

Assets

Current Funds
Loan Funds
Endowment and Similar Funds (Note 1)
Plant Funds
Agency Funds
Total 1999
Total 1998*

Cash (Note 2)

$106,747

$ 1,780

$ --

$ 42,421

$1,603

$152,551

$ 141,116

Equipment Trust Fund Cash

--

--

--

--

--

--

185

Accounts Receivable (Note 3a)

94,235

--

--

--

--

94,235

95,973

Appropriations Receivable

--

--

--

46,430

--

46,430

4,254

Interest Receivable

6,261

--

--

--

--

6,261

6,073

Notes Receivable (Note 3b)

7,113

24,789

--

--

--

31,902

28,294

Advances to Foundations (Note 3c)

--

--

36,351

--

--

36,351

52,096

Investments (Note 2)

174,034

--

1,274,809

206,793

--

1,655,636

1,689,509

Inventories

11,304

--

--

--

--

11,304

12,050

Prepaid Expenses

5,429

--

--

--

5,429

3,735

Investment in Plant (Note 3d)

--

--

--

1,608,616

--

1,608,616

1,515,305

Due from Other Funds (Note 3f)

8,694

--

3,133

398

33,767

45,992

49,089

Total Assets

$ 413,817

$ 26,569

$ 1,314,293

$ 1,904,658

$ 35,370

$ 3,694,707

$ 3,597,679

 

Liabilities and Fund Balances

Liabilities

Current Funds
Loan Funds
Endowment and Similar Funds (Note 1)
Plant Funds
Agency Funds
Total 1999
Total 1998*

Accounts Payable and Accrued Expenses

$ 83,565

$ 6

--

$ 7,152

$ &endash;-

$ 90,723

$ 84,726

Collateral Held for Security Lending (Note 2)

3,082

--

--

--

3,082

319,233

Grant and Contract Prepayments

28,720

--

--

--

--

28,720

25,629

Advance from Treasurer of Virginia

553

--

--

--

--

553

510

Deposits and Deferred Revenues

21,424

--

--

--

--

21,424

12,635

Investments and Deposits Held for Others

--

--

--

--

35,370

35,370

33,410

Accrued Compensated Absences

26,311

--

--

--

--

26,311

26,176

Long-Term Debt (Note 4)

--

--

--

304,687

--

304,687

242,497

Due to Other Funds (Note 3f)

3,568

--

33,730

8,694

--

45,992

49,089

Total Liabilities

167,223

6

33,730

320,533

35,370

556,862

793,905

 

Fund Balances

Current Funds
Loan Funds
Endowment and Similar Funds (Note 1)
Plant Funds
Agency Funds
Total 1999
Total 1998*

Current Funds&emdash;Unrestricted

128,246

--

--

--

--

128,246

134,601

Current Funds&emdash;Restricted

118,348

--

--

--

--

118,348

102,005

Loan Funds U. S. Government Grants

--

15,086

--

--

--

15,086

15,180

Loan Funds University

--

11,477

--

--

--

11,477

10,482

Life Income Funds

--

--

30,035

--

--

30,035

23,734

Quasi-Endowment Funds&emdash;Unrestricted

--

--

382,816

--

--

382,816

344,868

Quasi-Endowment Funds&emdash;Restricted

--

--

318,971

--

--

318,971

258,556

Endowment Funds

--

--

548,734

--

--

548,734

483,164

Term Endowment Funds

--

--

7

--

--

7

6

Expendable Plant Funds&emdash;Unrestricted

--

--

--

34,452

--

34,452

26,934

Expendable Plant Funds&emdash;Restricted

--

--

--

189,728

--

189,728

126,235

Retirement of Debt Funds

--

--

--

535

--

535

416

Net Investment in Plant

--

--

--

1,359,410

--

1,359,410

1,277,593

Total Fund Balances

$ 246,594

$ 26,563

$1,280,563

$ 1,584,125

$ --

$ 3,137,845

$ 2,803,774

Total Liabilities and Fund Balances

$ 413,817

$ 26,569

$ 1,314,293

$ 1,904,658

$ 35,370

$ 3,694,707

$ 3,597,679

*Certain 1998 amounts have been restated to conform to 1999 classifications.
The accompanying
Notes to Financial Statements are an integral part of this statement.