STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES, AND OTHER CHANGES

For the Year Ended June 30, 1999 With Comparative figures for 1998
(in thousands)

	Year Ended June 30, 1999			Year Ended June 30, 1998
	Unrestricted	Restricted	Total	Total
Revenues
Student Tuition and Fees	$ 157,360	$ 9,850	$ 167,210	$ 157,755
State Appropriations -- Academic Operations	128,485	16,585	145,070	136,859
Federal Grants and Contracts (Note 13)	29,069	149,887	178,956	171,645
State Grants and Contracts	195	5,041	5,236	4,272
Local Grants and Contracts	33	--	33	16
Private Gifts, Grants, and Contracts	7,544	92,425	99,969	103,496
Endowment Income	10,101	27,150	37,251	34,395
Sales and Services of Educational Departments	6,756	--	6,756	5,994
Sales and Services of Auxiliary Enterprises	98,108	--	98,108	93,370
Sales and Services of Medical Center	465,898	--	465,898	458,320
Other Sources	17,494	118	17,612	19,919
Total Revenues	921,043	301,056	1,222,099	1,186,041
Expenditures and Mandatory Transfers
Educational and General
Instruction	143,762	47,743	191,505	187,832
Research	12,477	123,879	136,356	129,560
Public Service	7,426	16,657	24,083	23,316
Academic Support	66,382	10,446	76,828	73,257
Student Services	15,137	934	16,071	16,915
Institutional Support	43,943	1,418	45,361	40,281
Operation and Maintenance of Plant	28,523	311	28,834	29,047
Scholarships and Fellowships (Note 13)	18,139	99,148	117,287	114,789
Total Educational and General Expenditures	335,789	300,536	636,325	614,997
Mandatory Transfers for Debt Service and Other	5,059	3	5,062	5,087
Total Educational and General Expenditures and Mandatory Transfers	340,848	300,539	641,387	620,084
Auxiliary Enterprises
Operating Expenditures	78,115	265	78,380	71,978
Mandatory Transfers for Debt Service	6,533	--	6,533	6,931
Total Auxiliary Enterprises Expenditures and Mandatory Transfers	84,648	265	84,913	78,909
Medical Center
Operating Expenditures	447,365	252	447,617	427,935
Mandatory Transfers for Debt Service	21,361	--	21,361	21,784
Total Medical Center Expenditures and Mandatory Transfers	468,726	252	468,978	449,719
Total Expenditures and Mandatory Transfers	894,222	301,056	1,195,278	1,148,712
Other Transfers and Additions/(Deductions)
Excess of Restricted Receipts over Transfers to Revenues	--	-- 13,413	13,413	4,893
Refunded to Grantors	--	(666)	(666)	(29)
Transfers to Related Foundations	--	(224)	(224)	(215)
Non-Mandatory Transfers
(To)/From Endowment and Similar Funds	4,343	8,821	13,164	(5,877)
(To)/From Loan Funds	--	(676)	(676)	(312)
(To)/From Plant Funds	(37,519)	(4,325)	(41,844)	(28,951)
Total Other Transfers and Additions/(Deductions)	(33,176)	16,343	(16,833)	(30,491)
Net Increase/(Decrease) in Fund Balances	$ (6,355)	$ 16,343	$ 9,988	$ 6,838

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