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Annual Report of the Comptroller, 1982
Volume 346, Page 37   View pdf image (33K)
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6. Other Accounts Receivable:

Other accounts receivable (amounts expressed in thousands) as of June 30, 1982 consisted of the
following:

 

     

Funds

   
           

Higher Education

   

Special

Capital

 

Fiduciary

and

 

General

Revenue

Projects

Enterprise

Fund Type

University Hospital

Contributions ..................................

       

$34,109

 

Grants and contracts — current restricted funds . . .

         

$15,806

Student tuition and fees ........................

         

8,828

Hospital patient services ........................

$16,767

       

34,770

Miscellaneous ..................................

22,244

$7,798

$106

$8,699

18,607

1,712

 

39,011

7,798

106

8,699

52,716

61,116

Less allowance for doubtful accounts .............

       

345

9,778

Other accounts receivable, net ...................

$39,011

$7,798

$106

$8,699

$52,371

$51,338

7. Loans and Notes Receivable:

Loans and notes receivable (amounts expressed in thousands) as of June 30, 1982 consisted of the
following:

 

   

Funds

 
 

Debt

Capital

 

Higher Education and

 

Service

Projects

Enterprise

University Hospital

Notes receivable for advances of general obligation bond proceeds:

       

Political subdivisions:

       

Public school construction .....................................

$41,119

     

Other ........................................................

14,575

     

Hospitals and nursing homes ......................................

40,293

     

Construction mortgage loans ........................................

   

$ 39,183

 

Permanent mortgage loans ..........................................

   

433,292

 

National direct student loans ........................................

     

$24,208

Health profession loans ..............................................

     

6,553

Other ..............................................................

232

$7,239

266

476

 

96,219

7,239

472,741

31,237

Less allowance for possible loan losses ................................

105

   

8,537

Loans and notes receivable, net ......................................

$96,114

$7,239

$472,741

$22,700

Notes receivable for advances of general obligation bond proceeds bear interest at rates ranging from 3%
to 6.5% and mature over the next 30 years. Notes receivable maturing after 1997 in the amount of $24,682,000
are deemed to be not available for debt service because all related general obligation bonds are scheduled to be
retired by that date. Accordingly, the amount has been reflected as a reservation of debt service fund balance.
Such amounts will become available to fund debt service when the due date of the outstanding amounts
becomes equal to or less than the maturity dates of general long-term debt.

Construction mortgage loans receivable are subject to commitments from other lenders to purchase the
loans upon completion of construction. Proceeds from payments of principal and interest on the construction
and permanent mortgage loans are pledged to meet the debt service requirements of the mortgage revenue
bonds (see Note 12).

National direct student loans and health profession loans are made pursuant to student loan programs
funded through the U.S. Government.

37

 

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Annual Report of the Comptroller, 1982
Volume 346, Page 37   View pdf image (33K)
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