Balance Sheet


As of June 30, 1996 -- With Comparative Figures for 1995 (in thousands)

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Current FundsLoan FundsEndowment and
Similar Funds
(Note 1)
Plant FundsAgency Funds Total 1996 Total 1995*
Assets
Cash (Note 2)$ 86,764 $ 1,693 $ -- $ 24,952 $ 3,239 $ 119,648 $ 114,838
Equipment Trust Fund Cash -- -- -- 80 -- 80 1,513
Accounts Receivable (Note 3a)82,008 -- -- 400 -- 82,008 75,749
Appropriations Receivable -- -- -- 4,370 -- 4,370 4,502
Interest Receivable4,985 -- -- -- -- 4,985 4,550
Notes Receivable (Note 3b) -- 22,493 -- -- -- 22,493 21,497
Advances to Foundations (Note 3c)500 -- 42,384 6,500 -- 49,384 37,735
Investments (Note 2)176,084 -- 900,455 104,373 -- 1,180,912 977,923
Inventories 9,746 -- -- -- -- 9,74676 10,038
Prepaid Expenses4,449 -- -- 545 -- 4,994 3,551
Investment in Plant (Note 3d) -- -- -- 1,374,009 -- 1,374,009 1,274,479
Due from Other Funds (Note 3f) 13,573 -- 6,209 470 50,635 70,887 35,781
Total Assets $381,109 $ 24,186 $ 949,048 $1,515,699 $ 53,874 $2,923,916 $2,562,156
Liabilities and Fund Balances

Liabilities

Accounts Payable and Accrued Expenses $ 40,953 $ 10 $ -- $ 7,408 $ -- $ 48,371 $ 34,108
Collateral Held for Security Lending (Note 2)37, 320 -- 66,753 -- -- 104,073 15,886
Grant and Contract Prepayments18,007 -- -- -- -- 18,007 16,274
Advance from Treasurer of Virginia509 -- -- -- -- 509 293
Deposits and Deferred Revenues 14,561 -- -- 515 -- 15,076 11,663
Investments and Deposits Held for Others -- -- -- -- 53,874 53,874 36,612
Accrued Compensated Absences 23,952 -- -- -- -- 23,952 23,963
Long-Term Debt (Note 4) -- -- -- 253,760 -- 253,760 245,062
Due to Other Funds (Note 3f)6,693 -- 50,842 13,352 -- 70.887 35,781
Total Liabilities 141,995 10 117,595 275,035 53,874 588,509 416,642
Fund Balances
Current Funds--Unrestricted 150,872 -- -- -- -- 150,872 146,637
Current Funds--Restricted 88,242 -- -- -- -- 88,242 85,603
Loan Funds, U.S. Government Grants -- 14,995 -- -- -- 14,995 14,923
Loan Funds, University -- 9,181 -- -- -- 9,181 8,367
Life Income Funds -- -- 8,109 -- -- 8,109 5,101
Quasi-Endowment Funds--Unrestricted -- -- 256,840 -- -- 256,840 232,821
Quasi-Endowment Funds--Restricted -- -- 198,684 -- -- 198,684 170,572
Endowment Funds -- -- 367,815 -- -- 367,815 321,992
Term Endowment Funds -- -- 5 -- -- 5 4
Expendable Plant Funds--Unrestricted -- -- -- 19,851 -- 19,851 21,812
Expendable Plant Funds--Restricted -- -- -- 87,611 -- 87,611 74,622
Retirement of Debt Funds -- -- -- 254 -- 254 4,503
Net Investment in Plant -- -- -- 1,132,948 -- 1,132,948 1,055,557
Total Fund Balances239,114 24,176 831,453 1,240,664 -- 2,335,407 2,142,514
Total Liabilities and Fund Balances $381,109 $ 24,186 $ 949,048 $1,515,699 $ 53,874 $2,923,916 $2,562,156


* Certain 1995 amounts have been restated to conform to 1996 classifications.

The accompanying Notes to Financial Statements are an integral part of this statement.



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