Messenger - Vol. 1, No. 3, Page 5 Spring 1992 University of Delaware Annual Report Balance Sheets UNIVERSITY OF DELAWARE Balance Sheets June 30,1991 with Comparative Amounts for 1990 (Thousands of Dollars) Assets 1991 1990 ------ ---- ---- Current funds: Unrestricted and University allocated: Cash $ 352 371 Investments 46,792 44,561 Accounts and investment income receivable 6,093 6,148 Inventories 4,275 3,849 Prepaid expenses 59 565 ------- ------- 57,571 55,494 ------- ------- Restricted: Cash 1 - Investments 14,441 15,898 Investment income and grants receivable 5,395 5,433 ------- ------- 19,837 21,331 ------- ------- Total current funds $ 77,408 76,825 ======= ======= Loan funds: Cash $ 55 70 Investments 3,222 5,052 Accrued interest receivable 17 22 Notes and accounts receivable, net 11,840 11,689 ------- ------- Total loan funds $ 15,134 16,833 ======= ======= Endowment and similar funds: Temporary investments $ 1,222 1,057 Permanent investments 243,502 228,014 Investment income receivable 700 700 ------- ------- Total endowment and similar funds $245,424 229,771 Plant funds: Unexpended plant funds: Investments $ 26,546 29,309 Government and other receivables 10,279 6,460 Accrued interest receivable 100 - ------- ------- 36,925 35,769 ------- ------- Renewal and replacement funds - investments 12,334 10,998 ------- ------- Retirement of indebtedness funds Investments 442 894 ------- ------- 442 894 ------- ------- Investment in plant: Land and improvements 20,792 20,220 Buildings 264,588 258,307 Equipment and furnishings 174,038 163,807 Construction in progress 22,233 3,073 ------- ------- 481,651 445,407 Less accumulated depreciation (244,394) (217,713) ------- ------- 237,257 227,694 ------- ------- Total plant funds $286,958 275,355 ======= ======= Liabilities and Fund Balances 1991 1990 ----------------------------- ---- ---- Current funds: Unrestricted and University allocated: Notes payable $ 505 614 Accounts payable and accrued expenses 28,556 23,380 Students' deposits 1,967 2,110 Deferred revenue 963 2,200 Fund balances - allocated 25,580 27,190 ------- ------- 57,571 55,494 ------- ------- Restricted: Accounts payable 843 566 Fund balances 18,994 20,765 ------- ------- 19,837 21,331 ------- ------- Total current funds $ 77,408 76,825 ======= ======= Loan funds: Accrued interest payable $ 87 100 Mortgage program bonds payable 3,122 3,556 Principal of funds: Government programs 9,626 9,227 University programs 2,299 3,950 ------- ------- Total loan funds $ 15,134 16,833 ======= ======= Endowment and similar funds: Accounts payable to life annuitants - 9 Principal of funds: Endowment funds, unrestricted as to income $ 6,471 6,256 Endowment funds, restricted as to income 36,450 32,165 Unrestricted funds functioning as endowment 190,840 181,638 Restricted funds functioning as endowment 9,733 7,988 Life income funds 1,930 1,715 ------- ------- Total endowment and similar funds $245,424 229,771 ======= ======= Plant funds: Unexpended plant funds: Accounts and notes payable $ 6,843 3,799 Bonds payable 4,524 14,900 Fund balances: Restricted 15,115 10,417 Unrestricted 10,443 6,653 ------- ------- 36,925 35,769 ------- ------- Renewal and replacement funds-fund balances-unrestricted 12,334 10,998 ------- ------- Retirement of indebtedness funds: Accrued interest payable 442 452 Fund balances - unrestricted - 442 ------- ------- 442 894 ------- ------- Investment in plant: Notes payable 7,149 6,324 Bonds payable 33,605 24,172 Net investment in plant 196,503 197,198 ------- ------- 237,257 227,694 ------- ------- Total plant funds $286,958 275,355 ======= =======