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STATE OF MARYLAND
Balance Sheet
Higher Education Fund
June 30,1991
(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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|
|
|
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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|
|
|
|
|
|
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Cash and short-term investments ................
|
$16,839
|
$ 624
|
$4,445
|
$ 59,945
|
$16,641
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$ 98,494
|
|
Investments ..................................
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|
|
|
70,888
|
35,400
|
106,288
|
|
Intergovernmental receivables ..................
|
|
54,101
|
|
|
|
54,101
|
|
Accounts receivable, net of allowance of $4,511
|
18,100
|
|
46
|
2,294
|
|
20,440
|
|
Due from other funds ..........................
|
120,144
|
|
|
47,148
|
|
167,292
|
|
Inventories ...................................
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12,355
|
|
|
1,605
|
|
13,960
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|
Loans and notes receivable, net
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|
|
|
|
|
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of allowance of $7,418 .......................
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42,287
|
|
|
42,287
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Property, plant and equipment, net ..............
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|
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2,061,617
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|
2,061,617
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Interfund balances ...........................
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31,530
|
(22,793)
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(1)
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(8,069)
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(667)
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|
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Other assets .................................
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7,086
|
29
|
|
3
|
|
7,118
|
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Total assets ..............................
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$206,054
|
$31,961
|
$46,777
|
$2,235,431
|
$51,374
|
$2,571,597
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|
Liabilities:
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities ..........
|
$83,800
|
$13,903
|
$ 157
|
$ 14,057
|
|
$111,917
|
|
Other liabilities ..............................
|
|
|
|
|
$1,488
|
1,488
|
|
Deferred revenue ............................
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34,646
|
91
|
5
|
|
|
34,742
|
|
Revenue bonds and other debt ..................
|
|
|
|
328,601
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|
328,601
|
|
Accrued retirement costs ......................
|
48,832
|
|
|
|
|
48,832
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|
Accrued workers' compensation costs ............
|
11,901
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|
|
|
|
11,901
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Accrued annual leave .........................
|
42,179
|
189
|
|
|
|
42,368
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Obligations under capital leases .................
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38,539
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38,539
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Total liabilities ...........................
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221,358
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14,183
|
162
|
381,197
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1,488
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618,388
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Commitments and Contingencies (Notes 18 and 19)
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Fund balances:
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|
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Investment in fixed assets .....................
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|
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1,854,234
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1,854,234
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Reserved for:
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|
|
|
|
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Encumbrances .............................
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23,335
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|
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23,335
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Sponsored research .........................
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17,778
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|
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17,778
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Loans to students ...........................
|
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46,615
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|
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46,615
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Endowment funds ..........................
|
|
|
|
|
49,886
|
49,886
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|
Unreserved, undesignated (deficit) ...............
|
(38,639)
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|
|
|
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(38,639)
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Total fund balances (deficit) .................
|
(15,304)
|
17,778
|
46,615
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1,854,234
|
49,886
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1,953,209
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Total liabilities and fund balances ............
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$206,054
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$31,961
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$46,777
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$2,235,431
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$51,374
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$2,571,597
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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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