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STATE OF MARYLAND
Balance Sheet
Higher Education Fund
June 30, 1988
(Expressed in Thousands)
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Current
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Funds
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Endowment
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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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.......... $127,581
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$ 989
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$ 3,372
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$ 17,954
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$ 8,307
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$ 158,203
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Investments ..................................
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.......... 97
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32,514
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32,521
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65,132
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Intergovernmental receivables ...................
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27,459
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27,459
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Tuition, net of allowance of $2,436 ...............
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.......... 14,957
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14,957
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Other accounts receivable .......................
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.......... 22
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2
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7
|
960
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|
991
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Inventories ...................................
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.......... 12,821
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12,821
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Loans and notes receivable, net
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of allowance of $7,194 ........................
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30,809
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30,809
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Property, plant and equipment, net ..............
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1,437,076
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1,437,076
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Interfund balances .............................
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.......... 6,432
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(15,730)
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12
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9,279
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7
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Other assets ..................................
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.......... 2,545
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41
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15
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2,601
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Total assets ...........................
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.......... $164,455
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$12,761
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$34,200
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$1,497,798
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$40,835
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$ 1,750,049
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Liabilities:
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Accounts payable and accrued liabilities ..........
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......... $ 72,085
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$ 7,263
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$ 10
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$ 5,303
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$ 2,359
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$ 87,020
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Deferred revenue ..............................
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......... 21,646
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2,976
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24,622
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Revenue bonds and other notes payable ...........
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119,188
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119,188
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Accrued retirement costs .......................
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......... 59,726
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59,726
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Obligations under capital leases .................
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45,407
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45,407
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Total liabilities ........................
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......... 153,457
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10,239
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10
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169,898
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2,359
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335,963
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Commitments and Contingencies (Notes 18 and 19)
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Fund balances:
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Investment in fixed assets ........................
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1,327,900
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1,327,900
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Reserved for:
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Sponsored research .............................
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2,522
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2,522
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Loans to students ..............................
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34,190
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34,190
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Endowment and similar funds ...................
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38,476
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38,476
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Unreserved, undesignated ........................
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........ 10,998
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10,998
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Total fund balances ......................
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........ 10,998
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2,522
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34,190
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1,327,900
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38,476
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1,414,086
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Total liabilities and fund balances ..........
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....... $164,455
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$12,761
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$34,200
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$1,497,798
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$40,835
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$ 1,750,049
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The accompanying notes to general purpose financial statements are an integral part of these financial statements.
31
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