NOTE
6
|
NOTE 6: Affiliated Foundations
The
financial statements do not include the assets, liabilities, or
fund balances of the University of Virginia Health Services Foundation,
the University of Virginia Foundation and Subsidiaries, nor any
other foundation. These foundations are separately incorporated
entities and the related financial statements are examined by other
auditors. The University received gifts from these and other foundations
amounting to approximately $20.4 million and $21.8 million during
2001 and 2000, respectively. The condensed summary (below) is based
solely upon the reports of other auditors.
AFFILIATED FOUNDATIONS CONDENSED BALANCE SHEET (in thousands)
|
|
Health
Services Foundation
As of June 30
|
University
of Virginia Foundation
As of June 30
|
|
|
2000
|
1999
|
2000
|
1999
|
| ASSETS |
|
|
|
|
| |
|
|
|
|
| Current
Assets Due from the University |
$--
|
$200
|
$--
|
$--
|
| Other
Current Assets |
43,162
|
43,509
|
4,587
|
11,389
|
| Other
Assets |
68,623
|
80,751
|
129,922
|
116,267
|
|
|
|
|
|
| TOTAL |
$111,785
|
$124,460
|
$134,509
|
$127,656
|
| |
|
|
|
|
|
|
|
|
|
| LIABILITIES
AND FUND BALANCE |
|
|
|
|
| |
|
|
|
|
| Current
Liabilities Due to the University |
$--
|
$7,339
|
$--
|
$--
|
| Other
Current Liabilities |
32,286
|
35,904
|
15,518
|
15,883
|
| Long-term
Debt Due to the University |
--
|
--
|
36,578
|
36,351
|
| Other
Long-term Debts |
43,856
|
45,354
|
59,418
|
54,925
|
| Obligations
to the University Under Trust Agreements |
--
|
--
|
11,209
|
9,410
|
| Net
Assets |
35,643
|
35,863
|
11,786
|
11,087
|
|
|
|
|
|
| TOTAL |
$111,785
|
$124,460
|
$134,509
|
$127,656
|
AFFILIATED FOUNDATIONS STATEMENT OF REVENUES AND EXPENDITURES
(in thousands)
|
|
Health
Services Foundation
For the Year Ended June 30
|
University
of Virginia Foundation
For the Year Ended June 30
|
|
2000
|
1999
|
2000
|
1999
|
| REVENUES |
|
|
|
|
|
|
|
|
|
| Professional
and Technical Services Provided by the University |
$19,600
|
$19,200
|
$--
|
$--
|
| Rental
Income from the University |
--
|
--
|
5,870
|
3,637
|
| Other |
149,815
|
149,682
|
18,873
|
17,581
|
|
|
|
|
|
| TOTAL |
$169,415
|
$168,882
|
$24,743
|
$21,218
|
|
|
|
|
|
| EXPENDITURES |
|
|
|
|
|
|
|
|
|
| Office
Space and Administrative Services Provided by the University |
$661
|
$655
|
$--
|
$--
|
| Clinical
Operations Provided by the University |
4,800
|
4,840
|
--
|
--
|
| Gifts
to the University |
6,757
|
6,758
|
--
|
226
|
| Other |
157,417
|
164,020
|
25,291
|
21,647
|
|
|
|
|
|
| TOTAL |
$169,635
|
$176,273
|
$25,291
|
$21,873
|
|
|
