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The financial statements do not include the assets, liabilities, or fund balances of the University of Virginia Health Services Foundation, the University of Virginia Auxiliary Services Foundation, or the University of Virginia Real Estate Foundation. These foundations are separately incorporated entities and the related financial statements are examined by other auditors. The following condensed summary is based solely upon the reports of other auditors:
| Affiliated Foundations Condensed Balance Sheet (in thousands) | ||||||
| Health Services Foundation As of June 30, | Auxiliary Services Foundation As of December 31, | Real Estate Foundation As of June 30, | ||||
| 1995 | 1994 | 1994 | 1993 | 1995 | 1994 | |
| Assets Current assets due from the University |
$ $ 3,588 | $ $ 2,943 | $ $ 7 | $ $ -- | $ $ -- | $ $ $ -- |
| Other current assets | 39,409 | 30,599 | 268 | 205 | 2,964 | 2,552 |
| Other assets | 75,095 | 79,719 | 313 | 331 64,149 62,068 | 64,149 | 62,068 |
| Total | $ 118,092 | $113,261 | $ 588 | $ 536 | $ 67,113 | $ 64,620 |
| Liabilities and Fund Balance Current liabilities due to the University |
$ 7,114 | $ 7,549 | $ -- | $ -- | $ -- | $ -- |
| Other current liabilities | 16,324 | 16,517 | 57 | 59 | 4,214 | 3,829 |
| Long-term debt due to the University | -- | -- | 500 | 500 | 37,235 | 36,328 |
| Other long-term debts | 31,058 | 30,626 | -- | -- | 17,589 | 16,106 |
| Fund balance | 63,596 | 58,569 | 31 | (23 ) | 8,075 | 8,357 |
| Total | $ 113,261 | $ 588 | $ 536 | $ 67,113 | $ 64,620 | |
| Affiliated Foundations Condensed Statement of Revenues and Expenditures (in thousands): | |||||||
| Health Services Foundation For the Years Ended June 30, | Auxiliary Services Foundation For the Years Ended December 31, | Real Estate Foundation For the Years Ended June 30, | |||||
|---|---|---|---|---|---|---|---|
| 1995 | 1994 | 1994 | 1993 | 1995 | 1994 | ||
| Revenues Professional and technical services provided to the University |
$ 19,136 | $ 16,737 | $ -- | $ -- | $ -- | $ -- | |
| Rental income from the University | -- | -- | -- | -- | 298 | 279 | |
| Other | 116,683 | 109,469 | 1,012 | 1,001 | 13,152 | 12,969 | |
| Total | $ 135,819 | $ 126,206 | $ 1,012 | $ 1,001 | $ 13,450 | $ 13,248 | |
| Expenditures Office space and administrative services provided by the University |
$ 562 | $ 546 | $ -- | $ -- | $ -- | $ -- | |
| Clinical operations provided by the University | 4,389 | 4,834 | -- | -- | -- | -- | |
| Gifts to the University | 6,438 | 6,629 | -- | -- | 97 | 19 | |
| Other | 119,403 | 113,510 | 958 | 955 | 13,688 | 13,284 | |
| Total | $ 130,792 | $ 125,519 | $ 958 | $ 955 | $ 13,785 | $ 13,303 | |
The University received gifts from the above and other foundations amounting to approximately $23.3 million and $13.8 million during 1995 and 1994, respectively.
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