|
Notes receivable for advances of general obligation bond proceeds bear interest at rates ranging from 3%
to 11.1% and mature over the next 30 years. Notes receivable maturing after 1999 in the amount of
$24,068,000 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 11).
National direct student loans and health profession loans are made pursuant to student loan programs
funded through the U.S. Government.
7. Property, Plant and Equipment:
Property, plant and equipment (amounts expressed in thousands) consisted of the following as of June 30,
1984:
|
Enterprise Funds:
|
|
Non-
|
|
|
Depreciable
|
depreciable
|
|
|
Assets
|
Assets
|
|
Land and improvements (includes land being held for
|
|
|
|
sale of $ 1,572) ....................................
|
|
$ 8,161
|
|
Structures and improvements ........................
|
$13,184
|
737,802
|
|
Equipment ..........................................
|
15,933
|
514
|
|
Construction in progress .............................
|
|
5,521
|
|
Less accumulated depreciation ......................
|
6,107
|
|
|
Total ........................................
|
$23,010
|
$751,998
|
|
Nonexpendable Trust Fund:
|
|
|
|
Land .........................................
|
$ 48
|
|
|
Equipment, net of accumulated depreciation of
|
|
|
|
$183 ........................................
|
1,092
|
|
|
Total ........................................
|
$ 1,140
|
|
General Fixed Assets:
General fixed assets activity by asset classification for the year ended June 30, 1984, was as follows
(amounts expressed in thousands):
|
|
Balance
|
|
|
Transfers
|
Balance
|
|
Classification
|
July 1, 1983
|
Additions
|
Deletions
|
in (out)
|
June 30, 1984
|
|
Land and improvements .....................
|
.............. $ 340,867
|
$ 25,133
|
$ 4,091
|
$ 20,443
|
$ 382,352
|
|
Structures and improvements ................
|
.............. 962,826
|
71,015
|
6,445
|
705,440
|
1,732,836
|
|
Equipment .................................
|
.............. 304,392
|
52,805
|
22,256
|
89,205
|
424,146
|
|
Construction in progress .....................
|
.............. 876,512
|
169,711
|
|
(815,088)
|
231,135
|
|
Total ...................................
|
.............. $2,484,597
|
$318,664
|
$32,792
|
$ -0-
|
$2,770,469
|
|
Higher Education and University Hospital Fund:
|
|
|
Land .......................................................................
|
. . . . $ 49,974
|
|
Buildings and improvements .................................................
|
721,208
|
|
Contents ....................................................................
|
319,850
|
|
Construction in progress .....................................................
|
18,896
|
|
Hospital building and contents, net of accumulated depreciation of $38,278 ......
|
51,370
|
|
Total ...................................................................
|
. . . . $1,161,298
|
|
40
|
|
|
 |
