Go on to Note 4
a. Accounts receivable
Current Fund accounts receivable as of June 30 include the following (in thousands):
| 1996 | 1995 | |
| Patient Care | $ 71,244 | $ 68,713 |
| Estimated Amounts Due from Third-Party Payors | 17,999 | 8,174 |
| Grants and Contracts | 12,586 | 12,600 |
| Health Services Foundation | 3,569 | 4,339 |
| Other | 5,213 | 4,447 |
| Less Allowance for Doubtful Accounts | (28,603) | (22,779) |
| Total | $ 82,008 | $ 75,494 |
b. Notes receivable
Notes receivable as of June 30, 1996 and 1995 are reported net of the allowance for uncollectible student loans which amounted to $1.9 million and $1.9 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):
| 1996 | 1995 | |
| Unrestricted Current Funds -- University of Virginia Auxiliary Services Foundation | $ 500 | $ 500 |
| Unrestricted Quasi-Endowment Funds -- University of Virginia Real Estate Foundation | $42,384 | $37,235 |
| 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):
| 1996 | 1995 | |
| Land | $ 13,358 | $ 13,358 |
| Improvements Other than Buildings | 66,120 | 58,531 |
| Buildings | 787,192 | 686,750 |
| Equipment | 388,641 | 363,151 |
| Library Books | 56,537 | 53,287 |
| Construction in Process | 60,245 | 97,304 |
| Unamortized Bond Issue/ Discount Cost | 1,916 | 2,098 |
| Total | $1,374,009 | $1,274,479 |
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, 1996 (in thousands) | |||||
|---|---|---|---|---|---|
| Due to Other Funds | Current Funds | Endowment Funds | Plant Funds | Agency Funds | Total |
| Current Funds | $ -- | $6,209 | $470 | $ 14 | $ 6,693 |
| Endowment and Similar Funds | 221 | -- | -- | 50,621 | 50,842 |
| Plant Funds | 13,352 | -- | -- | -- | 13,352 |
| Total | $13,573 | $6,209 | $470 | $50,635 | $70,887 |
| Due From Other Funds, 1995 (in thousands) | |||||
|---|---|---|---|---|---|
| Due to Other Funds | Current Funds | Endowment Funds | Plant Funds | Agency Funds | Total |
| Current Funds | $ -- | $313 | $498 | $ 559 | $ 1,370 |
| Endowment and Similar Funds | -- | -- | -- | 32,834 | 32,834 |
| Plant Funds | 1,577 | -- | -- | -- | 1,577 |
| Total | $1,577 | $313 | $498 | $33,393 | $35,781 |
Go on to Note 4
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