CHANGE IN NET ASSETS
FY 05 Through FY 09
(Thousands of Dollars)
| FY 05 $ |
FY 06 $ |
FY 07 $ |
FY 08 $ |
FY 09 $ |
|
|---|---|---|---|---|---|
| Net assets at beginning of year | 1,559,706 | 1,665,416 | 1,830,179 | 2,000,209 | 1,934,074 |
| Change in net assets: | |||||
| Operating transfers | 6,338 | 13,507 | 14,414 | 18,797 | 27,601 |
| Nonoperating activities: | |||||
| Net realized and unrealized gains (losses) | 84,847 | 130,388 | 174,134 | (89,844) | (328,939) |
| Contributions for endowment and buildings | 23,384 | 28,606 | 14,434 | 8,985 | 8,308 |
| State capital appropriations | 8,500 | 7,000 | 4,600 | 3,500 | -- |
| Net change in asset retirement obligation liability | -- | -- | (3,093) | (2,972) | (1,256) |
| Effect of change in adoption of FAS 158 | -- | -- | (30,398) | -- | -- |
| Cumulative effect of change in accounting principle | -- | (4,440) | -- | -- | -- |
| Net endowment income and other | (17,359) | (10,298) | (4,061) | (4,601) | (25,051) |
| Total nonoperating activities | 99,372 | 151,256 | 155,616 | (84,932) | (346,938) |
| Net assets at end of year | 1,665,416 | 1,830,179 | 2,000,209 | 1,934,074 | 1,614,737 |
| Percent change from prior year | 7% | 10% | 9% | -3% | -17% |
| Net assets: | |||||
| Unrestricted | 1,283,941 | 1,420,511 | 1,541,474 | 1,031,166 | 910,676 |
| Temporarily restricted | 116,527 | 122,034 | 152,997 | 593,322 | 410,205 |
| Permanently restricted | 264,948 | 287,634 | 305,738 | 309,586 | 293,856 |
| Total net assets | 1,665,416 | 1,830,179 | 2,000,209 | 1,934,074 | 1,614,737 |
| Endowment and funds invested as endowment: | |||||
| Market value | 1,077,100 | 1,223,200 | 1,397,500 | 1,340,100 | 1,008,400 |
| Percent change from prior year | 8% | 14% | 14% | -4% | -25% |
Source: Assistant Vice President for Finance
