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STATE OF MARYLAND
Balance Sheet
Higher Education Fund
June 30,1992
(Expressed in Thousands)
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Current
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Funds
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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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Funds
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Plant Funds
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Total
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Assets:
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|
|
|
|
|
|
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Cash and cash equivalents .........................
|
$ 20,611
|
$ 1,184
|
$ 3,504
|
$ 9,178
|
$ 149,546
|
$ 184,023
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|
Investments ....................................
|
99
|
|
|
44,606
|
9,613
|
54,318
|
|
Intergovernmental receivables .....................
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|
46,331
|
|
|
|
46,331
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|
Accounts receivable, net of allowance of $5,014 .......
|
26,161
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|
68
|
|
2,832
|
29,061
|
|
Due from other funds ............................
|
144,816
|
|
|
|
28,812
|
173,628
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|
Inventories .....................................
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13,206
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|
|
|
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13,206
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Loans and notes receivable, net of allowance of $7,808 .
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|
17
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45,733
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|
|
45,750
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Property, plant and equipment, net .................
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|
|
|
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2,288,826
|
2,288,826
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Due from other fund groups .......................
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18,243
|
449
|
45
|
335
|
3,529
|
22,601
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Other assets ....................................
|
5,390
|
16
|
4
|
|
946
|
6,356
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Total assets .................................
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$228,526
|
$47,997
|
$49,354
|
$54,119
|
$2,484,104
|
$2,864,100
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|
Liabilities:
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|
|
|
|
|
|
|
Accounts payable and accrued liabilities .............
|
$ 88,374
|
$15,446
|
$ 269
|
|
$ 21,079
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$ 125,168
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|
Other liabilities ..................................
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|
|
|
$ 1,421
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|
1,421
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|
Deferred revenue ................................
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40,009
|
107
|
|
|
|
40,116
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Revenue bonds and other debt .....................
|
|
|
|
|
436,772
|
436,772
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Accrued workers' compensation costs ...............
|
13,849
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|
|
|
|
13,849
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Accrued annual leave .............................
|
47,654
|
259
|
|
|
|
47,913
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Due to other fund groups .........................
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6,829
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15,153
|
128
|
|
491
|
22,601
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Obligations under capital leases ....................
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|
|
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7,158
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7,158
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Total liabilities ...............................
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196,715
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30,965
|
397
|
1,421
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465,500
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694,998
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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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1,924,181
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1,924,181
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Reserved for:
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|
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|
|
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Encumbrances ................................
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14,995
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|
|
|
200
|
15,195
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Sponsored research ............................
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17,032
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|
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|
17,032
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Loans to students ..............................
|
|
|
48,957
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|
|
48,957
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Endowment funds .............................
|
|
|
|
52,698
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|
52,698
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|
Debt and plant additions ........................
|
|
|
|
|
94,223
|
94,223
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Unreserved, undesignated ........................
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16,816
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|
|
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|
16,816
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Total fund balances ...........................
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31,811
|
17,032
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48,957
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52,698
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2,018,604
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2,169,102
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Total liabilities and fund balances ...............
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$228,526
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$47,997
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$49,354
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$54,119
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$2,484,104
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$2,864,100
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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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