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