STATE OF MARYLAND

Balance Sheet

Higher Education Fund

June 30, 1989

(Expressed in Thousands)

Current Funds

	Unrestricted	Restricted	Loan Funds	Plant Funds	Endowment Funds Total
Assets:
Cash and short-term investments ....................	. . . . . $142,389	$ 896	$ 3,619	$ 56,411	$ 9,815 $ 213,130
Investments ......................................	. . . . . 38			20,318	34,095 54,451
Intergovernmental receivables .......................		32,913			32,913
Tuition, net of allowance of $2,454 ...................	. . . . . 14,429				14,429
Other accounts receivable ...........................			26	616	642
Inventories .......................................	. . . . . 13,090				13,090
Loans and notes receivable, net
of allowance of $7,890 ............................			33,715		33,715
Property, plant and equipment ......................				1,545,614	1,545,614
Interfund balances .................................	. . . . . 14,287	(19,902)	(77)	5,692
Other assets ......................................	. . . . . 2,769				2,769
Total assets ..................................	. . . . . $187,002	$13,907	$37,283	$1,628,651	$43,910 $1,910,753
Liabilities:
Accounts payable and accrued liabilities ..............	. . . . . $ 81,278	$ 6,800	$ 15	$ 4,403	$ 2,523 $ 95,019
Deferred revenue ..................................	. . . . . 24,359	3,355			27,714
Revenue bonds and other notes payable ...............				133,266	133,266
Accrued retirement costs ...........................	. . . . . 52,381				52,381
Accrued workers' compensation costs .................	. . . . . 5,811				5,811
Obligations under capital leases .....................				45,694	45,694
Total liabilities ...............................	. . . . . 163,829	10,155	15	183,363	2,523 359,885
Commitments and Contingencies (Notes 18 and 19)
Fund balances:
Investment in fixed assets ..........................				1,445,288	1,445,288
Reserved for:
Sponsored research ...............................		3,752			3,752
Loans to students ................................			37,268		37,268
Endowment funds ................................					41,387 41,387
Unreserved, undesignated ..........................	. . . . . 23,173				23,173
Total fund balances ...........................	. . . . . 23,173	3,752	37,268	1,445,288	41,387 1,550,868
Total liabilities and fund balances ...............	. . . . . $187,002	$13,907	$37,283	$1,628,651	$43,910 $1,910,753

The accompanying notes to general purpose financial statements are an integral part of these financial statements.

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