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STATE OF MARYLAND
Balance Sheet
Higher. Education Fund
June 30, 1985
(Expressed in Thousands)
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Current
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Funds
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Endowment
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|
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and Similar
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Unrestricted
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Restricted
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Loan Funds
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Plant Funds
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Funds
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Total
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Assets:
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Cash and short-term investments .......................
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$ 73,959
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$(13,458)
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$ 1,729
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$ (5,660)
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$ 41
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$ 56,611
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Investments .........................................
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369
|
3
|
|
63,112
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29,659
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93,143
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Intergovernmental receivables ..........................
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19,685
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19,685
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Tuition, net of allowance of $4,587 ......................
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11,365
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11,365
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Other accounts receivable .............................
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3
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3
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Inventories ..........................................
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15,772
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15,772
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Loans and notes receivable, net of allowance of $8,292
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26,754
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26,754
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Property, plant and equipment, net .....................
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1,164,977
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1,164,977
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Interfund balances ...................................
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(6,259)
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(722)
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(85)
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7,066
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Other assets .........................................
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1,997
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|
386
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2,383
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Total assets ......................................
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... $ 97,203
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$5,508
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$28,401
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$1,229,881
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$29,700
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$1,390,693
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Liabilities:
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|
|
|
|
|
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Accounts payable and accrued liabilities .................
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... $ 43,725
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$ 3,686
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$ 2,488
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$ 1,757
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$ 51,656
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Deferred revenue ....................................
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15,466
|
786
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|
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16,252
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Accrued retirement costs ..............................
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83,777
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|
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83,777
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Revenue bonds and other notes payable .................
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71,495
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71,495
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Obligations under capital leases ........................
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39,993
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39,993
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Total liabilities ...................................
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142,968
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4,472
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113,976
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1,757
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263,173
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Commitments and contingencies (Notes 16 and 17)
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Fund balances:
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Investment in fixed assets ......................
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1,115,905
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1,115,905
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Reserved for:
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Sponsored research ..........................
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1,036
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1,036
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Loans to students ...........................
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$28,401
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28,401
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Endowment and similar funds .................
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27,943
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27,943
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Unreserved, undesignated (deficit) ...............
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.......... (45,765)
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(45,765)
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Total fund balances (deficit) .................
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.......... (45,765)
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1,036
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28,401 .
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1,115,905
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27,943
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1,127,520
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Total liabilities and fund balances ............
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.......... $ 97,203
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$ 5,508
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$28,401
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$1,229,881
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$29,700
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$1,390,693
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The accompanying notes to combined financial statements are an integral part of these financial statements.
28
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