STATE OF MARYLAND
Balance Sheet
Higher Education Fund
June 30,1990
(Expressed in Thousands)
|
Current
|
Funds
|
|
|
Endowment
|
|
|
Unrestricted
|
Restricted
|
Loan Funds
|
Plant Funds
|
Funds
|
Total
|
Assets:
|
|
|
|
|
|
|
Cash and short-term investments ................
|
$12,101
|
$ 613
|
$3,469
|
$ 20,701
|
$15,475
|
$ 52,359
|
Investments ..................................
|
2
|
|
|
133,930
|
36,526
|
170,458
|
Intergovernmental receivables ..................
|
|
39,972
|
|
|
|
39,972
|
Tuition, net of allowance of $2,144 ...............
|
17,805
|
|
|
|
|
17,805
|
Other accounts receivable .......................
|
|
|
19
|
3,678
|
|
3,697
|
Due from other funds ..........................
|
151,740
|
|
|
39,702
|
|
191,442
|
Inventories ...................................
|
13,457
|
|
|
|
|
13,457
|
Loans and notes receivable, net
|
|
|
|
|
|
|
of allowance of $8,347 .......................
|
|
|
37,217
|
|
|
37,217
|
Property, plant and equipment, net ..............
|
|
|
|
1,716,617
|
|
1,716,617
|
Interfund balances ...........................
|
23,210
|
(22,407)
|
(65)
|
16
|
(754)
|
|
Other assets .................................
|
4,187
|
1,960
|
|
2
|
|
6,149
|
Total assets ..............................
|
$222,502
|
$20,138
|
$40,640
|
$1,914,646
|
$51,247
|
$2,249,173
|
Liabilities:
|
|
|
|
|
|
|
Accounts payable and accrued liabilities ..........
|
$76,130
|
$10,118
|
$12
|
$8,702
|
$1,526
|
$ 96,488
|
Deferred revenue ............................
|
27,806
|
5,310
|
|
|
|
33,116
|
Revenue bonds and other notes payable ..........
|
|
|
|
250,151
|
|
250,151
|
Accrued retirement costs ......................
|
50,339
|
|
|
|
|
50,339
|
Accrued workers' compensation costs ............
|
13,248
|
|
|
|
|
13,248
|
Accrued annual leave .........................
|
23,123
|
950
|
|
|
|
24,073
|
Obligations under capital leases .................
|
|
|
|
44,131
|
|
44,131
|
Total liabilities ...........................
|
$190,646
|
$16,378
|
$12
|
$302,984
|
$1,526
|
$511,546
|
Commitments and Contingencies (Notes 18 and 19)
|
|
|
|
|
|
|
Fund balances:
|
|
|
|
|
|
|
Investment in fixed assets .....................
|
|
|
|
1,611,662
|
|
1,611,662
|
Reserved for:
|
|
|
|
|
|
|
Sponsored research .........................
|
|
3,760
|
|
|
|
3,760
|
Loans to students ...........................
|
|
|
40,628
|
|
|
40,628
|
Endowment funds ..........................
|
|
|
|
|
49,721
|
49,721
|
Unreserved, undesignated ......................
|
31,856
|
|
|
|
|
31,856
|
Total fund balances ........................
|
31,856
|
3,760
|
40,628
|
1,611,662
|
49,721
|
1,737,627
|
Total liabilities and fund balances ............
|
$222,502
|
$20,138
|
$40,640
|
$1,914,646
|
$51,247
|
$2,249,173
|
The accompanying notes to general purpose financial statements are an integral part of these financial statements.
31
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