|
STATE OF MARYLAND
Statement of Changes in Fund Balances
Component Unit Higher Education Fund
for the year ended June 30, 1995
(Expressed in Thousands)
|
|
Current
Unrestricted
|
Funds
Restricted
|
Loan Funds
|
Endowment
Funds
|
Plant Funds
|
Total
|
|
Revenues and other additions:
|
|
|
|
|
|
|
|
Education and general revenues.....................................................
|
$532,690
|
|
|
|
$ 765
|
$ 533,455
|
|
Auxiliary enterprises revenues ........................................................
|
274,541
|
|
|
|
|
274,541
|
|
Federal grants and contracts — Restricted ...................................
|
|
$319,974
|
|
|
89
|
320,063
|
|
State grants and contracts — Restricted.........................................
|
|
2,849
|
|
|
|
2,849
|
|
Private gifts, grants and contracts...................................................
|
|
83,685
|
$58
|
$ 673
|
3,065
|
87,481
|
|
Endowment income............................................................................
|
|
|
|
25
|
|
25
|
|
Investment income..............................................................................
|
|
2,609
|
27
|
30
|
1,896
|
4,562
|
|
Realized gain on investments ..........................................................
|
|
|
|
5,259
|
|
5,259
|
|
Gain on disposal of plant assets .....................................................
|
|
|
|
|
172
|
172
|
|
Interest on loans receivable..............................................................
|
|
|
1,698
|
|
|
1,698
|
|
U.S. Government advances...............................................................
|
|
|
1,593
|
|
|
1,593
|
|
Retirement of indebtedness .............................................................
|
|
|
|
|
28,857
|
28,857
|
|
Expended for plant facilities (including $37,792 charged to
|
|
|
|
|
|
|
|
current funds expenditures).........................................................
|
|
|
|
|
177,770
|
177,770
|
|
Other....................................................................................................
|
|
105
|
654
|
8
|
735
|
1,502
|
|
Total revenues and other additions ........................................
|
807,231
|
409,222
|
4,030
|
5,995
|
213,349
|
1,439,827
|
|
Expenditures and other deductions:
|
|
|
|
|
|
|
|
Educational and general expenditures............................................
|
1,113,245
|
351,726
|
|
|
|
1,464,971
|
|
Auxiliary enterprises expenditures .................................................
|
183,735
|
1,529
|
|
|
|
185,264
|
|
Indirect cost recovered......................................................................
|
|
51,550
|
|
|
|
51,550
|
|
Loan cancellations, write-offs and refunds, net of recoveries...
|
|
|
1,359
|
|
|
1,359
|
|
Retirement of indebtedness .............................................................
|
|
|
|
|
28,857
|
28,857
|
|
Interest on indebtedness....................................................................
|
|
|
|
|
21,350
|
21,350
|
|
Expended for plant facilities (including noncapitalized
|
|
|
|
|
|
|
|
expenditures of $14,822)...............................................................
|
|
|
|
|
153,899
|
153,899
|
|
Disposal of property, plant and equipment.....................................
|
|
|
|
|
38,216
|
38,216
|
|
Other....................................................................................................
|
|
|
402
|
356
|
31
|
789
|
|
Total expenditures and other deductions ..............................
|
1,296,980
|
404,805
|
1,761
|
356
|
242,353
|
1,946,255
|
|
Net increase (decrease) in fund balances
|
|
|
|
|
|
|
|
before transfers ......................................................................
|
(489,749)
|
4,417
|
2,269
|
5,639
|
(29,004)
|
(506,428)
|
|
Transfers among funds — additions (deductions):
|
|
|
|
|
|
|
|
Mandatory:
|
|
|
|
|
|
|
|
Debt service ....................................................................................
|
(52,375)
|
(44)
|
|
|
52,419
|
|
|
Loan fund matching grant ............................................................
|
(547)
|
29
|
518
|
|
|
|
|
Non-mandatory:
|
|
|
|
|
|
|
|
Remodeling, renewals and replacements.....................................
|
(43,573)
|
(568)
|
|
|
44,141
|
|
|
Other................................................................................................
|
(5,485)
|
558
|
4
|
239
|
4,684
|
|
|
Total transfers among funds ....................................................
|
(101,980)
|
(25)
|
522
|
239
|
101,244
|
|
|
Operating transfers from primary government..................................
|
611,497
|
|
|
|
62,415
|
673,912
|
|
Operating transfers to primary government........................................
|
(435)
|
|
|
|
|
(435)
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|
Net increase in fund balances .................................................
|
19,333
|
4,392
|
2,791
|
5,878
|
134,655
|
167,049
|
|
Fund balances, July 1, 1994.................................................................
|
44,562
|
17,171
|
52,933
|
60,005
|
2,279,354
|
2,454,025
|
|
Adjustment to fund balance for July 1, 1994 ....................................
|
|
|
|
|
(199,071)
|
(199,071)
|
|
Fund balances, June 30, 1995 ..............................................................
|
$ 63,895
|
$21,563
|
$55,724
|
$65,883
|
$2,214,938
|
$2,422,003
|
The accompanying notes to general purpose financial statements are an integral part of these financial statements.
35
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