NOTE 3: Balance Sheet Details

a. Accounts receivable

Current Fund accounts receivable as of June 30 include the following (in thousands):

	1999	1998
Patient Care	$ 102,298	$ 106,466
Estimated Amounts Due from Third-Party Payors	18,391	9,470
Grants and Contracts	19,841	17,300
Health Services Foundation	7,965	5,993
Other	7,206	5,820
Less Allowance for Doubtful Accounts	(61,466)	(49,076)
Total	$ 94,235	$ 95,973

b. Notes receivable

Notes receivable as of June 30, 1999 and 1998, are reported net of the allowance for uncollectible student loans which amounted to $2.4 million and $2.1 million, respectively.

c. Advances to foundations

The University advances funds to affiliated foundations to enable the foundations to acquire real property in areas near the University and to enhance foundation operations. Foundations are expected to make principal repayments as funds become available. The Board of Visitors has authorized up to $55 million for advances to the University of Virginia Real Estate Foundation from unrestricted quasi-endowment funds. Advances as of June 30 include the following (in thousands):

	1999	1998
Unrestricted Quasi-Endowment Funds
University of Virginia Real Estate Foundation	$ 36,351	$ 45,596
Expendable Plant Funds
University of Virginia Law School Foundation	$ --	$ 6,500

d. Investment in plant

Investment in plant as of June 30 consists of the following (in thousands):

	1999	1998
Land	$ 17,376	$ 16,906
Improvements Other than Buildings	76,007	71,231
Buildings	898,453	881,307
Equipment	459,134	430,957
Library Books	66,946	64,440
Construction in Process	92,229	48,909
Unamortized Bond Issue/Discount Cost	(1,529)	1,555
Total	$ 1,608,616	$ 1,515,305

e. Restatement of prior year balances

Certain June 30, 1998 balances have been restated to reæect their true classification. Current Funds have been adjusted by $102,000 to reæect a reclassification of cash and fund balance from Current Restricted to Current Unrestricted. Prior year's current unrestricted fund balance has been adjusted $686,000 to restate prior years accounts receivable and other items.

f. Interfund obligations

Interfund obligations are recorded on each fund as due to/due from other funds. Such borrowings are authorized in advance by the Board of Visitors or administrative action. The borrowings have identifiable repayment schedules in most instances and provide needed working capital or cash advances for special projects. Interest is charged in appropriate instances. Amounts due from and payable to other funds as of June 30 are as follows:

DUE FROM OTHER FUNDS --1999-- (in thousands)

Due to Other Funds	Current Funds	Endowment Funds	Plant Funds	Agency Funds	Total
Current Funds	$ --	$ 3,133	$ 398	$ 37	$ 3,568
Endowment and Similar Funds	--	--	--	33,730	33,730
Plant Funds	8,694	--	--	--	8,694
Total	$ 8,694	$ 3,133	$ 398	$ 33,767	$ 45,992

Due From Other Funds -- 1998 -- (in thousands)

Due to Other Funds	Current Funds	Endowment Funds	Plant Funds	Agency Funds	Total
Current Funds	$ --	$ 3,718	$ 450	$ 359	$ 4,527
Endowment and Similar Funds	--	--	--	29,808	29,808
Plant Funds	14,754	--	--	--	14,754
Total	$ 14,754	$ 3,718	$ 450	$ 30,167	$ 49,089