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