STATE OF MARYLAND
Balance Sheet
Higher Education Fund
June 30,1993
(Expressed in Thousands)
|
Current
|
Funds
|
|
Endowment
|
|
|
|
Unrestricted
|
Restricted
|
Loan Funds
|
Funds
|
Plant Funds
|
Total
|
Assets:
|
|
|
|
|
|
|
Cash and cash equivalents .........................
|
$ 65,541
|
$ 1,345
|
$ 2,906
|
$ 5,041
|
$ 71,502
|
$ 146,335
|
Investments ....................................
|
1,375
|
|
|
48,929
|
4,532
|
54,836
|
Intergovernmental receivables .....................
|
923
|
49,420
|
|
|
|
50,343
|
Accounts receivable, net of allowance of $6,708 .......
|
20,198
|
|
46
|
390
|
1,670
|
22,304
|
Due from other funds ............................
|
120,006
|
1,649
|
|
2,061
|
108,023
|
231,739
|
Inventories .....................................
|
12,906
|
|
|
|
|
12,906
|
Loans and notes receivable, net of allowance of $8,803 .
|
|
14
|
46,900
|
|
|
46,914
|
Property, plant and equipment, net .................
|
|
|
|
|
2,485,855
|
2,485,855
|
Due from other fund groups .......................
|
17,739
|
78
|
|
|
2,582
|
20,399
|
Other assets ....................................
|
5,971
|
16
|
|
|
1,125
|
7,112
|
Total assets .................................
|
$244,659
|
$52,522
|
$49,852
|
$56,421
|
$2,675,289
|
$3,078,743
|
Liabilities:
|
|
|
|
|
|
|
Accounts payable and accrued liabilities .............
|
$ 89,759
|
$14,738
|
$ 329
|
|
$ 22,128
|
$ 126,954
|
Deferred revenue ................................
|
33,782
|
1,037
|
|
|
|
34,819
|
Revenue bonds and other debt .....................
|
|
|
|
|
487,678
|
487,678
|
Accrued workers' compensation costs ...............
|
16,198
|
60
|
|
|
|
16,258
|
Accrued annual leave .............................
|
47,243
|
929
|
|
|
|
48,172
|
Due to other fund groups .........................
|
3,997
|
16,398
|
4
|
|
|
20,399
|
Obligations under capital leases ....................
|
|
|
|
|
6,880
|
6,880
|
Total liabilities ...............................
|
190,979
|
33,162
|
333
|
|
516,686
|
741,160
|
Commitments and Contingencies (Notes 19 and 20)
|
|
|
|
|
|
|
Fund balances:
|
|
|
|
|
|
|
Investment in fixed assets .........................
|
|
|
|
|
1,999,800
|
1,999,800
|
Reserved for:
|
|
|
|
|
|
|
Encumbrances ................................
|
14,437
|
|
|
|
2,681
|
17,118
|
Sponsored research ............................
|
|
19,360
|
|
|
|
19,360
|
Loans to students ..............................
|
|
|
49,519
|
|
|
49,519
|
Endowment funds .............................
|
|
|
|
56,421
|
|
56,421
|
Debt and plant additions ........................
|
|
|
|
|
156,122
|
156,122
|
Unreserved, undesignated ........................
|
39,243
|
|
|
|
|
39,243
|
Total fund balances ...........................
|
53,680
|
19,360
|
49,519
|
56,421
|
2,158,603
|
2,337,583
|
Total liabilities and fund balances ...............
|
$244,659
|
$52,522
|
$49,852
|
$56,421
|
$2,675,289
|
$3,078,743
|
The accompanying notes to general purpose financial statements are an integral part of these financial statements.
31
|
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