ML19350B970
| ML19350B970 | |
| Person / Time | |
|---|---|
| Site: | 05000192 |
| Issue date: | 03/11/1981 |
| From: | TEXAS, UNIV. OF, AUSTIN, TX |
| To: | |
| Shared Package | |
| ML19350B966 | List: |
| References | |
| NUDOCS 8103240511 | |
| Download: ML19350B970 (43) | |
Text
{{#Wiki_filter:> R
- 3. - .
. . .; ..n.m ._ .x w ,.v w . : q .; .. .
g . w . g % g .,.. I j
~~ '
'g
- ~- s
,g <
y; . ., .
. :. c p. , q, ,
.n.;g+ $ .:. . - ;, QQ . . 1
- a. . ; ,. . : .-;..,
.?r, 3.-
g *_,.. x%
, - r, ,.
4 k' - j r. . ' , . > , . , G. ;- > ., _ ~.,..'.g*
- v. .
- ' . . , ^+,'_a
;- ,,* s L " .. ..kyy ,
f.
. _ , L 'M ,' ; 'f,' . , s, -Q , ff -b " }*
- ' < 1.l l J 4 _
-{- .;
, . .. . . p y . . _ _ _ _ .. .
.*'~:.-
'.,~ y
.. ? . ' -
s' . ... 's I
gf. . . ,g,f
- p%. ,f,, s. : /y alt 37 7- 9 3 4 '
g.p .y [ L . - s F L. (-
;> > mw. n
- 9#
_}* . [- i
. . c., .. .
n .- N~ p g;;;
+
[ (.. ix .
~
tj [ . ' 1
.y. '
3
' ~ . ..
n4 s
,)9
.~. 9s + .
- '. .- Y e
m4
..r 7;+c j:
y
\e. .
c- -
; 3.: '
'L 4 .-
17
\
i c.; c. - - (* ,
+
r- 3~
; g, .: -
- 1. + ' c- -
- 2. e
;C_ # '
.. i. , e
, - w; -
~. ; ) .
. . . . n .. 3V' '
y :.: . -
.3 .
y . [ ; ; ; . _
\
Et.
~
=
[ -d . l 7
.,4
,l.;
. 'c .
y- . . .
- 3. #-.
7 x - a . L . e .
,.g..
A 2- - .: .
~
s .,........c. - m
~.- ' .- .
l J.J ". ._. .. [ f -l ;.;..l tbI a l L. (_ . l Y z s: o ,qs ; 4 7 -!
- 7. c .7. .
.. .;-g
The University of Texas System 1979
=
q IIIIIlilllIEllillEllIEEEI ggggg IEEEI DEEER DEEEE l gEERI DEERI DEEED DEEED REDEI DEEEI DEEED gg DEE EEE E.E IEEER REEED DEEEE I
- IE ElIEEEE I E er P
El I 9 i .'s v 9 m
W w
% 1 e.>'
,;:n .
.:.c.<,%e W.- ~.~
V;u;;;;;p ' .cx(f'hr ;., ..
~
<e.
. y v ,.
;; x,' %"
% . si'n
,2 ::
Nr. .' ., , c: r;i . ? %<
* ^ Y Q' ,.1' ,f & ' ' 1..,s 4 ,[C f
..C.* .
'h . Ik _
,~; ~
. y h.' . " ~ _ ,Q '.:2 5.,,.'.L
. ,..- .g
'00R OR Gk
1 The University of Texas System l l Financial Report for the ninety-sixth fiscal year l ended August 31,1979 l l The Constitution of Texas en General Acadernic Health-Related i ioined th- Legislature ' to establish. Institutions Institutions organize and provide for the main-tenancc. support and direction of a The Umversity of Texas The Umversity of Texas Health University of the first class at Arlington Scie,ce Center at Dallas Estabbshed nearly a centurv ago The Umsersity of Texas at Austin The Ur versity of Texas Medical with a permanent endowment of The Umversity of Texas at Dallas Branch at Galveston extensive land acreage from the The University of Texas at El Paso The University of Texas Health public domain in West Texas. The The Umscrsity of Texas of the Science Center at Houston l Universits of Texas has evolved Permian Basin The University of Texas Health
' am a small Austin campus into a The University of Texas at San science Center at San Antomo l "$vstem" of component institu- Antomo The University of Texas System tions providing mstruction, re Cancer Center l search. and pubhc serv ce through- The Umvarsity of Texas Institute The Umversity of Texas Health I
out the state of Texan Cultures Center at Tyler These institutions have been as- at San Antomo signed by the Constitution or by the Legislature to be governed by the Board of Regents of The Univer- '.
' '~ ~'
'W ' ' ' '
.' ' ' E T sity of Texas Svstem The Board of - -
~
Regents exercises its authority
/, - @. '
4 i ' '.y , . g y-through system Admimstration C -
~
j"
-y 7
The Chancellor is the chief execu- *
=-
tive and admimstrative officer of A ,- ':
.e -
The Umversity of Texas System ' (_.- 'i..,':n
~
c - The expanded Umversity of Tex- ; as System at August 31.1979, com- l @W i1 ' 7
- T "
prises all of the component institu-9 e' ,-..H', ' tions hsted on this page with Sys- - j.. . g tem Administration offices and ac-('; ,e..... +* n f ' i ! S _e. tivities reported under the system - - q'i y ;
~
Admimstration caption 6' . - 4 E', 2 o p] s t,. -.
- g. ;Q(. -
y m 3 ; g.
, ,\ ,
s .s\
+
4 a , y :
. t -;; -4 -
. . s I
$. . M a"5 N. -
') ,.
_g w
\
l y; .
;p *
}*2 g ,
9 .
.* } <
- g. _ .,
=
?00R ORG NL
To the Chancellor Officers of System and the Board of Regents Administration Presented herewith is the annual Financial Report of The University of E. D. Walker, Chancellor Texas System for the year ended August 31,1979.The financial statements Ernest T. Smerdon, Vice Chancellor have been prepared, insofar as practicable, in conformance with College for Academic Affairs and University Business Administration. Third Edition (1974), as Robert L. Hardesty, Vice Chancellor required by statute. for Administration The summary edition of this Financial Report presents the financial Joe E. Boyd, Jr., Vice Chancellor for statements on a combined basis for the entire System and an expanded edi- Business Affairs tion also contains individual financial statements for System Administra- Edward N. Brandt, Jr., Vice Chan-tion tad for each of the component institutions. Explanatory notes and a cellor for Hetith Affairs summary of significant accounting policies accompany the financial James T. Fitzpatrick, Vice Chancel-statements. Commentaries and graphic data have been included which lor for Lands Management and provide historical and comparative data concerning Students, Current General Counsel Operations, Endowments, Investments and Physical Plant of The Universi- Arthur H. Dilly, Executive Director ty of Texas System. for Development in addition to the Financial Report, detailed supportive schedules have Herman Adams, Assistant Chanael-been compiled and are printed in separately bound volumes for each of for for Planning the component institutions. These reports are available to those who need James P. Duncan, Executive Assis-such additional de. tails. tant to the Chancellor Frank D. Graydon, Budget Director Robert L. Anderson, Comptroller Respectfully submitted. Ernest A. Hoffman, Associate Comptroller Ralph S. Kristoferson, Director,
* . Facilities Planning and Construc-tion R. L. Anderson l William L. Lobb, Executive Director Comptroller for Investments and Trusts Joseph C. Kennedy, System Person-nel Director l
I i L c ! -t 3
~
Regents l l Board of Regents of The University of Texas System at A. gust 31,1979 l
~ -- , vn ~ ny. . . m _,y . ; r m.
.u4-1 .
f,y-,g7p y,_ p , y ;%. ,3 g- , i'
- 1 <,3 L.j -
;,y f[ }
j #y{j.pf'~ < v p. ; ;
. . z, w
p w x
%~ s.
y.,. ,. c wgc359-
+
j u " k r.( O w . M.c y4
".,, 9. ., . ,.
- 5 *
'.7
,.x 4-s.
3 6. a~,4 ef. .e . , n b 'a
; f f l' 4:
-y . a L. l , ' -
y' w
? $5mi s((,
..;.NkKd,,M, $pf.:$$iV Uf*i-f4 a ' w.
# D is (
men'.: - x T
. . d
- f,
,4-f , c.,+.-
f
- j_ [. .:
f; 3.1 3 :,- w. r. o , ... .,
*i, . 7,. s i .. a
~
.. j
'M . . , .
- j. .
_ g(- . . .
~ -
. ;.- y _
q.
~
b s n p .s
. J .,
_. , T~ 7 r., . n.
'# N . . L x_ .
- g. y . A , 7- )
?00R OR'8E
l M ernbers l Terms Expire lanuarv.1981 Thos H Law Fort Worth Walter G sterhng, Houston Dan C Williams Dallas Terms Expire lanuarv.1983 l lane Weinert Blumberg i Mrs Roland K ), Seguin sterling H Hv ir M D Uvalde less Hav Dallas Terms Expnre Ianuari 1985 ._ g _._ lon P Newton. Austin - ' -' lames L Powell. Fort McKavett ...' . .. f Howard N Richards Beaument . . . y /, - . y s ',
~
Officers K. . v, Dan C Wtiliams. Chairman < J' Thos H Law Vice-Chastman x' .. '.
. J ' ;.
Betty Anne Thedford. Secretarv -
- - ' " ^
. k k:s 'N9 c
m.; ..; 4f - o s- -
' i.
e
. p.
- m. .[g . ' '
.A ..
/ -
A . T ' *p -
\.. ..
( T. 7 .
. + ,
- c. j ..
_. 7 r g
, ,4
- 1
' - f
~
$h -
1 .
.p mm ,s ..
;;3 ;
l .
.. p.
mL LT F m1;. P00RBR3 Nil. e
Two Decades in Review Y_ CURRENT REVENUES State Appropriations (includes Staff Benefits Paid Directly By the State in 1974 and 1979) Student Tuition & Fees (includes Amounts Restricted to Plant Expansion in 1974 & 1979) Federal Grants and Contracts Other Gifts, Grants and Contracts Sales and Services of Hospitals (Includes Professional Fees) Sales and Senices of Educational Activities . Sales and Services of Auxiliary Enterprises Other Sources (Includes Endowment and Investment income) Total Current Revenues Transfer from Available University Fund CURRENT EXPENDITURES EDUCATIONAL AND GENERAL Instruction Research Public Service Hospitals Academic Support Student Services Institutional Support Operation and Maintenance of Plant Scholarships and Fellowships Total Educational and General AUXILIARY ENTERPRISES Total Current Espenditures Loan Funds Balances State Endowment Petmanent University Fund-Principal Other Endowments Principal Plant Assets TotalInvestment in Plant Note: The data presented in the Two Decades in Review for the fiscal years 1959-1974 has been restated, to the extent practicable, in conformity with the principles established by College and University Business Administra-tion, Third Edition published in 1974. 6
1959 1964 1969 1974 1979
$25,341 $36,520 $ 87,111 $233,237 $485,211 3,441 4,610 8,476 26,585 43,606 7,239 19,209 47,846 76,610 146,214 3,919 7,035 14,024 24,061 55,390 4,885 9,688 21,612 49,680 147,509 788 709 1,737 3,421 17,504 5,297 7,763 16,333 30,116 54,107 1,124 1,925 2,717 9,116 26,669 t 52,036 87,459 199.856 452.826 976.210 l
2.067 4,130 7.363 7,479 15.368 15,109 24,341 59,874 136,925 199,901 9,713 21,722 50,021 75,870 146,709 1,431 1,577 3,576 7,703 22,324 9,390 13,456 25,803 54,653 148,966 2,568 3,905 10.481 26,682 44,101 790 731 2,730 7,915 13,986 2,757 4,765 19,M9 32,844 63,040 4,418 6,330 14,251 M,518 102,011 746 1,511 2,179 5,912 10,468 l 46,922 78,338 188,265 383,022 851,507 4,541 6,706 13,901 26,705 62,827 51,463 85.044 102,166 409.727 914.334 701 2,803 7,257 16,570 31,976 MO,917 432,768 551,781 724,286 1,143,846 15,877 22,223 33,322 85,202 114,855 140,394 204,291 423,189 926,641 1,628,460 (in Thousands) Total Assets in Millions 1959 i*. 1%9 . 1974 1979
- 0 500 1,000 1.500 2,000 1.500 3,000 3,500 4.000 7
l - Students j I Gerteral Academic The growth curve for the U.T. _. l Institutions System is predicted to continue in V7 F - l the near future, although perhaps I Total enrollment in The Univer- on a somewhat lesser scale, as the . sity of Texas System for Fall 1978 '
~
" sun belt" population expands.
surpassed 100,000 students as the Eventually, due to a few years time System continues its steady growth pattern. U.T. System enrollment, lag between The University of Tex-as System and national enrollment h j , l which has traditionally equalled or trends, the steady growth expe. 4,4 - ' exceeded the growth rate in other State institutions of higher educa-rienced by the System is expected to conform with nationally declin-(a ' tion, increased 4.2% compared to ing enrol!ments. the 2% overall state increase. In con-trast, the national enrollment trend Student Enrollment-Fall Semester 3 U.T. Austin i reveals a gradual decline, mainly at- O U.T. El Paso i tributable to a large decrease in the 1958-59 gg gg U.T. Arlington enrollment in California universi- '"' 1963-64 , {l3 e m an Basin ties. The national trend is expected to continue due to a dramatic 1968-69 ' ' EE9 ED U.T. San Antonio decrease in the number of I8-24 1973-74 i
- Hiiiihii BNBBllN'-
year olds forecast for the 1980's. 1978-79 122BlB12822EiniiHHHHilin!!MIMM The Fall 1978 enrollment for gen- . . . . . . . . . . . cral academic institutions expand. 0 10 20 30 40 50 60 70 80 90 100 ed 4% to almost 93,000 students. (In Thouunds) U.T. San Antonio had the largest growth rate of 13%, followed by Degrees Conferred U.T. Arlington with 6%, and U.T. 1958-59 g 3 Baccalaureate Austin with 3.4%. Enrollment at E msters U.T, Dallas, U.T. El Paso, and U.T. 1963-64 . Ri! g Professional Permian Basin remained relatively 1968-69 gggy C Doctoral unchanged. = The accompanying table is 1973-74 . MM provided to show this year's dis- 1978-79 - ggg tribution of degrees conferred by . . . . . . . . . each general academic institution. 0 2 4 6 8 10 12 14 16 Recently established trends contin- (In Thousands) ued as degrees awarded in Phar-macy gained 12%, Engineering 4% Degreco Conferred-General Academic Institutions and Business Administration 4.7%. For time Year Ended Augiant 31,1m Graduate degrees declined slightly P'""i'" 5'" after virtually stabilizing last year. Arlinn n Ausun Dauas El Paso Bann Antonio Ltals Teacher education continued the Wral.Ans 577 1,986 313 350 143 271 3.640 Science 180 457 64 137 33 103 974 established pattern by decreasm.g Fine Arts 88 490 53 77 16 23 747 6.7 %. Teacher Education 66 569 42 309 22 144 1,152 Engineetng 312 862 149 12 1,335 Home Economics 159 159 Social Service 55 24 79 Pharmacy 213 113 Business Administration 574 1.639 258 366 74 238 3.149 i All Nursing 232 239 Ilo 590 Masters 457 1,419 338 292 96 349 2,951 Doctoral 23 440 17 1 481 Professional 512 512 , Totals 2,509 9D40 1.085 1.824 396 1,128 15.982 P00R BRIG!L
l l 1 i i I Health.Related ~ ~
! Institutions I *
~ ~ '
n' y s d .;g . - Student enrollment at the health- ', I , related institutions cf The Univer- -,. . sity of Texas System it.cicased 7.5% J . i, -' ,'- -
~
M for the 1978 fall semester compared , ~~~ l~ , i to a .9% national increase. The San Antonio Health kience Center and I.
- I T g l* l the Houston Hea!ch Science Centet . 2' - .
~ '
were maior contnbutors to the .s -
. I above average growth with gains of I 12% and 8.8% respectively. Bo:h in- ;
stitutions are nearing completion of i planned teaching facilities As the Student Enrollment-Fall Semester proiccted goals.sre met, enrollment gg g [ trends for health.related institutions 1958-59 Calveston l are expected to mirror the slowing 39 % Houston HSC j growth rate of the generalacademic , mg (3 Da!! ash 5C San Antonio HSC institutions. 1968-69
' " [
Total health related degrees con- 1973-74 ferred for the 1978-1979 fiscal year - MWWW g,73,79 f were up 14.7%. Dental degrees con- , , , , , , , , , , ferred jumped 62% as the San An- 0 1000 2000 J000 4000 5000 6000 7000 8000 ; tonio Health Science Center graduated its first full sized class. Nursing degrees contnbuted to the Degrees Conferred overall surge by increasing 20% while degrees conferred to Medical 1958-59 L Students increased 10%. The 24% 1963-64 i increase in Masters Degrees was i mostly offset by a 22% decrease in 1968-69 , Doctoral Degrees as graduate de- 1973-74 l grees experienced a net gain of g97g,79 S.2%. , , , , , , The fiscal year 1970 saw the in- 0 500 1000 1500 2000 2500 . , ception of a well conceived health. ' l related program for The University ' l of Texas System. Total enrollment for health related institutions at Degrees Conferred-Health-Related Institutions ; that time was 2,243. Calveston, For the Year Ended August 31,1979 j Houston and Dallas accounted for san ! most of the enrollment while San Da!!as Calveston Houston Antonio Totals Antonio looked to future develop- l ment plans. As we close out the Medical students 1% 199 106 129 630 70's, enrollment has more than tri- " S ' " * * ' ' pled to 7,196, with Houston Health
, 136 l undergraduate 132 159 108 64 463 l
Science Center and San Antonio Masters 11 5 134 4 154 Health Science Center, both of Doctoral 23 13 31 67 which have dental schools, having the largest enrollments. Totals 362 512 698 546 2.119 1 P00R BR K ,
Current Operations l Concern for higher education has resources more efficiently utilized, funds during fiscal year 1979 in-( been prevalent in 20th century Tex- and rising inflationary costs better creased about 16% over 1978 and ) as history, shaping The Univenity controlled. show approximately the same ave-i of Texas System into one of the lar- System wide cooperanon is rage increase as the three preceding j- gest and most prominent education. demonstrated with the first years. This somewhat leveling trend alinstitutions in the nation, as re- medically dedic sted cyc's tron in reflects constraints both by Federal
, flected in the figures presented the nation, which is a k,ir.t venture agencies in funding sponsored pro-
! throughout this financial report. of the U.T. Cancer Center and Cal- grams and by the State Legislature l While quality in education cannot veston Medical Branch,and plans in its appropriation of funds. Cost be precisely measured, the agencies call for panicipation on various re- elements, though increasing, had
. entrusted with the responsibility search projects by members of a little fluctuation in relation to total I for providing it are more visible, consortium including the Cancer expenditures.
1 and the levelof their activities can Center, Calveston Medical Branch,
, be better measured in terms of dol. the U.T. Health Science Centers at . lars of revenues, expenditures and Dallas, Houston and San Antonio, Health.Related resources invested. Such informa- and several other institutions of Institutions tion showing the growth of The Uni- higher education The purchase of versity of Texas System over the the cyclotron and construction of The health related institutions I past two decades is presented in the facilities to house the equip- within The University of Texas Sys-summary on pages 6 and 7 of this ment at the U.T. Cancer Center is tem consist of five geographic report. In comparing dollar sponsored by the National Cancer centers to promote efficiency and amounts over this span of years,it Institute and several other private effectivenessin programs and a is important to recognize that sig- sponsors. In another example of inter- center for a System wide concentra-nificant distortion is included as a component cooperation,U.T. Ar- tion upon the conquest of cancer.
3 result of the dollarinflation that lington and the Dallas Health Background information on these has persisted throughout much of Science Center are jointly offering a centers and the organizational enti- . this period The figures alsoinclude graduate Biomedical Engineering ties comprising each center is pre-costs related to the establishment, Program.This program willlead to sented on pages 38 and 39. at regular intervals, of 8 maior new a Master's degree and Ph.DJM.D/s, Primary objectives of the
- component institutions which have . and will prepare students as biomedical sectors of System opera-
, been fundamental to the growth of biomedical engineers for productive tions include meeting Texas' needs l the System. Fortunately, such dis- research and teaching careers in for increasing numbers and cffec-
. toning influences have balanced to academic, industrial or hospital po- tivenessof doctors,dentistsand
. permit the fairly steady growth _ sitions. nurses. Progress was evidenced dur-shown in most revenue and expen. The financial impact of current ing the year by the continued in-diture items Overall growth during . System operations, within its scope creases in numbers of students en.
~the'1979 fiscal year has been of instruction, rewarch, public ser- tering U.T. medical, dental, and
" normal"la respect to prior years' vice and related organized activi- nursing schools, and by concerted growth. ties,is presented in the financial effons to provide paramedical sup-
[. The " System" concept has long statements beginning on page 22 port through the allied health facilitated administration of the and is graphically shown on pages professions. University's widespread resources . Iland 13 in the form of a state- The relative importance of and has provided for the coordina- ment of the sources of current
~
health related institutions within
- tion of effons and centralization of operating funds and the application ~t he total System operations is in.
various services on a System wide thereof. Although total sources of dicated in various graphs on these basis. During the 1979 fiscal year, revenue increased about 15% over pages. For example, contract and {' the tendency continued toward l fiscal year 1978, the pattern of grant awards to these institutions
- cooperation and concentration of revenue sources remained fairly- under Federally sponsored programs
. effort throughout the University ; constant. The foundation of univer- . constituted over 55% of all such System with areas of concern int . sity support, state legislative appro-
~
awards to the System for the year.
. cluding environment, energy, . . priations,is a slightly smaller per- Total current expenditures of cancer, humanities and social prob- ' - centage of total university support, health-related institutions in fiscal
-lems. This tendency has been ad- - which is not unusualin the second year 1979 amounted to ..
ministratively encouraged because ' . year of a legislative biennium. 5512,225,359, which was 56% of the programs are thereby strengthened, , ' Total expenditures of current System wide total..
.(
10 :* p_ 1
Nota Federal Awards-Gifts, Grants,and Contracts: 563,709,821 General Academic Institutions E Health Related Institutions E System Administration Source: 44.0% l I!5 " 2A 5il Private Research Grants and Contracts 30.0% E 15i Eil Other Private Gifts, Grants and Contracts 20.4 % I Eis ' Mil State Covernment 5.6% local Covernment
Purpose:
18.4% l hs: !El Instruction 48.8% l ls! $#ss:s i '
~!!!l Research 15.6% l Elfi ' !si Public Service 7.2% Student Aid and Services 10.0% E [s! :sj Other Current Operations 0 4 8 12 16 20 24 28 32 (Millionsof Dollars)
Federal Awards Received for Grants and Contracts: 5166,763,656 E Ceneral Academic Institutions
- + Health Related Institutions Source:
11.7 % 13 Departmentof Defense du n and el e 5.5% i NationalScience Foundation 2.8% National Aeronauticaland Space Administration 1.6% 6 Veteran's Administration 7.0% U.S. Energy Research and Development 3.9% . OtherSources
Purpose:
12.0% . ; :: Instruction 77.9% Research 2.3% E Public Service 5.5% : Student Aid and Services 2.3% Other Current Operations 0 8 16 24 32 40 48 56 64 72 80 88 % 104 112 120 128 136
.y
'l .,~ .: ,[ (Millions of Dollars)
- s. 11
Current Operating Funds Sources STATE APPROPRIATIONS-47.5% Legislative Appropriations S 485,211,245
. . . - . . ty. Includes Staff Benefits paid directly by the State amounting to $64,456,881.
STUDENT TUITION AND FEES - 4.3% . Tuition and Fees except those non-mandatory fees reported 43,606,347 Sales and Services categories below. Includes amounts designated for Plant Expansion. FEDERAL GRANTS AND CONTRACTS - 16.3% Research and educational services agreements awarded 166,763,656 W.ar by Federal Agencies for current purposes. OTHER GIFTS, GRANTS AND CONTRACTS - 6.2% Gifts received and Contracts and Grants awarded for 63,709,821 ; ent Operations from State, Local and Private Sources. l SALES AND SERVICES OF HOSPITALS - 14.4% Funds derived from Hospital Operations, Professional 147,509,033 her Supplementary Units. SALES AND SERVICES OF EDUCATIONAL ACTIVITIES - 1.7% l Revenues generated by the academic departments incidental 17,503,668 their instruction, research and public service functions. SALES AND SERVICES OF AUXILIARY ENTERPRISES - 5.3% Funds arising from the operation of self-supporting Auxiliary 54,107,220 erprises, including non-mandatory fees for such facilities. OTHER SOURCES - 2.8% Miscellaneous institutional revenues including Endowment and 28,550,474 vestment Income. TRANSFERS FROM AVAILABLE UNIVERSITY FUND - 1.5% l g The portion of State Endowment Income utilized for Current 15,367,912 , Tperations for the year. ! i 1 1 S1,022.329,376 i i The Sources of current funds becoming available during the year include contract and grant awards for which cash may not have been received nor expenditures made, and also include other restricted current funds received bu: not expended during the year; such resources are reported in the financial statements as " Revenues" only to the extent expended dur. ing the year. Applications are controlled by cperating budgets approved by the Board of Regents. 1
,2 P00R ORG K
Applications INSTRUCTION - 32.8%
$ Expenditures for all instructional activities. S 199,902,187 RESEARCH - 16.0%
Expenditures for all separately budgeted research. 146,709,256 PUBLIC SERVICE - 2.4% Costs of activities established primarily to provide non instructional services 22,323,752 to groups or individuals external to the institution. HOSPITALS - 16.3% Expenditures associated with the patient care operations 148,966,154 or the University hospitals. ACADEMIC SUPPORT -4.8% Costs of libraries and other activities which provide support services 44,100,868 tor instruction, research and public service. Includes academic deans. STUDENT SERVICES AND SCHOLARSHIPS - 2.7% Admissions and Registrar's Offices and other services to students. 24,453,483 Includes Student Aid exceeding $10,400,000. INSTITUTIONAL SUPPORT - 6.9% General administrative and institutional expenses. Includes 63,040,497 general service operations other than Auxiliary Enterprises. OPERATION AND MAINTENANCE OF PLANT - 11.2% Building and grounds maintenance, utilities, power plants, 102,010,734 secunty and general services. Excludes such costs which have been charged directly to Auxiliary Enterprises. AUXILIARY ENTERPRISES - 6.9% Costs of operation of Auxiliary Enterprises serving students, 62,826,983 faculty and staff. Includes incidental services to hospital patients
- and to others.
914,333,914 Net Transfers to other funds, adjustments and increases to Fund Balances. 107,995,462 S1.022.329,376 Expenditures. Classified by Object Salanes and Waees 56 3 %
$514.516,416 Other E nremes 39 8 %
$364,045,921 Capital Outlav 39%
E 5 35.771,577 L b
?0DR ORMM 13
Endowments The Pernmanent The Available rement of Indebtedness Funds. The University Fund University Fund University of Texas at Austin was credited with $14,851,912 for Gene-The Permanent University Fund The Available University Fund ral Current Funds, $6,215,218 for consists of approximately 2,100f X) income is pledged to secure the Unexpended Plant Funds and acres of land, predominantly in payment of various issues of Per. 53,964,354 for Retirement of Indebt-West Texas, together with cash and manent University Fund bonds edness Funds. investments. The principal of the under the authority of Article V11, Listed below is a summary of the fund cannot be spent for any pur- Section 18, of the Constitution. Fol- Available University Fund income pose but must be kept as a perman- lowingis a brief summary of tran. for the year: , ent endowment. About two-thirds sactions relating to all Permanent of the income from the Permanent University Fund bonds for the year 7,;'j*,, University Fund is available to The ended August 31,1979; these out- T== am University of Texas System, which standing bonds totaling "s""*"." o[". is charged with the responsibility $221,255,000 amc aat to less than ,",*"l,%,
',,',", ,',, ,,2,,, ,,
for management of the fund. The 20% of the $1,143,845,761 book gcgg= ,,, i.ms+ Texas A&M University System, value of the Permanent University m,-.u-- 29 sin ma iu since September 1,1934, has Fund, exclusive of real estate, at Tow c=.tacame a,24m2 swer received one-third of the income August 31,1979. *"" '" **" from the fund arising from the ,]*' ~ ' ' * " ' " ' " " " 1,000,000 acres of land appropriated m T = am unm.n sm. s2w.3. by the Constitution of 1876 and ad- 7Tl~m" uyy a m u. mn a Tem s-. m m -i um m
%VHt. btutM ditionalland appropriated by the e --.. u.a.-w Act of 1883, except income from $"",I"* ,,,,,,, su,'s simme man gra:ing leases. ygags';," y = =, = = '
sy .M The income from the Permanent o,,,,,w, , u,,,n au s', m' m m s's *>> = b .,f.f (' t 3 . 'b University Fund (the Available M ' S_ University fund) may be pledged in
- 2' kW
- C whole or in part to secure the The University of Texas System n - % gg payment of bonds or notes to be is- portion of the Available Fund not -
.#, .4 ? ;.
sued for the purpose of construct-ing, equipping, or acquiring build-needed to pay debt service on the Permanent University Fund bonds ? k\ s ings at some components of The may, under present Legislative ' i Texas A&M University System and authorization, be used for operating <4 p' , _ The University of Texas System. expenses as well as for repair and Net additions to the Permanent remodeling projects and permanent - University Fund during the year improvements at certain compon- "# amounted to $90,497,387. This in- ent institutions of the System. h;. Yf cluded increases to the fund of Because of the preceding facts 575,862,407 from oil and gas royal- and some other constitutional ties and $10,723,203 from lease bon- provisions, the Available University uses. The total amount of the fund Fund has been classified as a sepa-at August 31,1979 was rate fund group rather than as
$1,143,845,761. This amount in- either Plant Funds or Current . cluded investments and cash in the Funds.
amount of $1,133,818,377 and land Transfers to other funds from carried at a nominal value of The University of Texas System
$10,027,384. portion of the Available Fund amounted to $50,530,798 for the year.Of this amount, System Ad-ministration was credited with 5516,000 for General Current Funds, $9,000,000 for plant funds projects, and $15,983,314 for Reti-
Other Endowments
. . . . . . . . , . . . . . , . . . , . . . . ..7 In addition to the State Endow ment or the Permanent Liniversity
,'y
. do >
. (. c.,.,.
.. , 3 ,.
~ ,
Fund and its resulting income (the :
} ,, ,' ? j ; , , ' . f.,
4 - .. Available University Fund) an in- -; * [ p f.* +c -
) Q.
creasing number or gifts and " J.m
~- .
bequests to the University System - are resulting m additional endow ggs -
'),.'.
'^
ment runds. or runds serung tem .. ..-
' 'f ~
pararily as endowments Such tunds .arise basically trom the be-
. [-% . , ,. . . _. g_; 'h nevolence of private donors and are enhanced by opportiine invest-ment Progress in tr.is type or sup-port is evidenced bv more than 155 privately endowed chairs and professorships in The University of l
Texas System compared to only 4 in 1960 These Endowment and Similar runds are categortred for ac. .m ,,, counting and investment purposes as Trust and Special Funds" with centrali:ed superwsion of the in-vestments through the Office of In-vestments and Trusts. System Ad- , ninistration In the absence or in-vestment restriction, " Trust and Special runds" are normally pooled ' for investment under The Universi- j tv of Texas System Common Trust , Fund. now in excess of $73.145,000 r e m - -
!I i 1
as a p NF A v " ; - PL Ub) lJi$l' d ihi4L 15
l Investments The year end total book value of plification and specialization in in-all of the investments of 'Ine Uni- vestment management, and its versity of Texas System was utilization is encouraged. The
$1,311,570,386. Investments of the 573,149,475 book value of the Com-
- Permanent University Fund repre- mon Trust Fund investments at sented about 86% of the total and year end represented about 65% of
[ p, The University of Texas System all U.T. System Endowment Funds, Common Trust Fund 6%. other than the Permanent Universi-Th ,e ligures, and the graphs on ty Fund. Market value of Common the following page do not include Trust Fund investments was 96% of ;
, real estate of the Permanent Univer. book value at August 31,1979. ,j .,
sity Fund (carrying value To accomplish yield im-510,027,384) nor Available Univer- provement objectives, bonds with / 3 sity Fund (carrying value $86,100). par values totaling S39,052,400 were - The investments of the Perman. sold and other bonds with equal par ent University Fund are adminis- values but greater yields were pur- ,3 tered by the Board of Regents of chased as replacements. These sales . The University of Texas System and purchases were treated as under the " prudent man" rule. In " exchanges" and thus no gain or recent years the Fund has been loss was recognized. The transac-managed with emphasis on main. tions of this nature are summarized taining high investment quality as follows: while improving investment yields and strengthening the relative posi-tion of equities in the portfolio Book Value Book Value within the bounds of governing of Bonds of Bonds provisions of the Texas Constitu-Delivered in Received in tion. During the 1979 fiscal year the E-. change Exchange overall book yield rate increased from 6.58% to 7.13%. The average Description of Exchange yield on new long term investments Perrnanent University in stocks and bonds acquired dur- Fund Investruents ing the year was 8.32%. A graph on U.S. Treasuries for U.S. Treasuries SI1,108,106 SI 1,143,210 the following page shows the (Par Value Exchanged $11,315,000) changes in the investments of the U.S. Treasuries for Corporate Bonds 9,883,343 8,445,394 Permanent University Fund in the (Par Value Exchanged $9,850,000) 1979 fiscal year by class of securi- U.S. Treasuries for U.S. Covt. Guaranteed 14,279,123 14,235,389 ties. Market value of the Permanent (Par Value Exchanged 514,280,000) University Fund investments at U.S. Covt. Guaranteed for U.S. Govt. Guaranteed 281,688 273,144 August 31,1979 amounted to ap- (Par Value Exchanged S300,000) l proximately 97% of book value, the Corporate Bonds for Corporate Bonds 2,198,187 2,121,830 same percentage as at the prior year (Par Value Exchanged $2,420,000) end. Corporate Bonds for U.S. Covt. Guaranteed 137,431 154,504 The investment programs for (Par Value Exchanged S156,400) funds other than the Permanent Total Permanent University Fund 37,887,878 36 '73,471 University Fund followed the same general objectives mentioned above Other Funds if consistent with restrictions im- Corporate Bon / br Corporate Bonds 545,003 547,490 posed upon such funds. (Par Value Exchanged 5731,000) The University of Texas System j Common Trust Fund is a System- Total Exchanges $38.432,881 S36.920.961 wide investment pool for eligible Endowment Funds of any compon-ent institution. The Common Trust Cash amounting to $1,514,407 was received for the Permanent University Fund provides advantages of sim. Fund and $2,487 was paid out for other funds in the above exchanges.
?0DR OR 8 M.
Physical Plant Durme the past decade The Uni j j ser of Texas Svstem has been in f j (.O ~ V g. iQ ,' ' . . 4) c {
'g; w a m a substantial building pro l -j .. gj t - ^ L; ~ $- } y 5, .t ,
n '., m, ,. 3(j;*{ig y"}j
~
c n as the hoard of Recents an c l g.
- Q,' jl,[, *(f8f , l l ticipated the space requirements of . ,1
;** f_ , . -
l erow mg student enrollments As in Q$1 } '
-- ,4 7p.j}, y? j ^- . -
du ated on the graph on the oppo ! -- . 4: K /,1.+ _ . .t -
. M g uk M" ..
\4 #*
~
site pact maior prmects underwas ! ^$h ' I' at the academit institunons are
- ,. .s. . .3c 4 A g. m deCreasinE now Js the phs sical
- t
. a 3.
>. .N;. 4.m - +
,g .Al ~
.. - .,. z 1.. A .
( g: ....g
. l plants have crown to meet the L n ' ' .. H *L' %
'4
. l needs of enlarged enrollments .
L g; . 1 browth continues at the health ; - ~ - b y : * ,e " ., ck-jy .- 7.%<. .N,. related institunons to meet the .
-- "--CJA e -
,, 3ggj .
- . .f needs of both nicreased student en- .. .:. ; ,, -o rollment and patient care activities ( ,.[l ... 4'.y' h ?' r t w w"f -
l During 19'9 several sigmticant
', Ei- . ![. S 's.h. - $ Nd 9jk ,
..' ' . ; [ ~ **& - t . -
i*" ' proiccts were substantully complet ? -
.s ;- ,
". '4 ed The Houston Health science i. e . + ,:~ a - - ' N' i
/ *'[i '
[ Center s Medical school Phase Ill - f l tacihtv was completed as was a
~ . 'y . Q. ;
. . , . ' $ [7" s .: ' ,]
i l maior addition to the Medical <
. ..y;3 :,
P
~
schoci butiding at the Nan Antonio :
'.c., e - , M. :
' @g -
Health suence Center . ..
?.,
3
+C ? e:
Proiccts underwas at the k + ~ : r. p l DW academit institutions mclude U T '; 'I w" ) Ausun s tolleet of Fine Arts and h' .- -[ !' EY' ! Performing Arts Center which will
] ; ;_ . l,
, g. y consist or rice conneuous struc- :. . ;. g. .
L ei% tures and the maior expansmn or the Law school both of which are [L -k j %.( l d- ? ( nearine completmn At U T San :
- i. ;- 1 j '
Antonio construction continues on the large Classroom Ott:ce Build-M! ine Constructwn has begun on an
; ;= .
4
= ;
i'
%_ l l
Ambulators Care Center at the - 1 Medical tiranch at C,aheston A - [\ -
- .. .W . [- -h maior addition to the main hospital '. " . .
.x
}
is nearine completion at the Tvler . .- . . . . i- }~ - . Health Center and the san Antonio : - ' : ' i " .' . I Health science Center has a Basic science Teachme area under con-
%:1- .
i
. g.M. '
st ru c t m n
,, , -* i .
1 ;
-j
(. 1..
?
! s/* c
. , 1- ...-, .
I _4 _
<p - . - , ,
., i
+' ,
'_ ~ Me ykseniew .-
4 .
, ., .- g5,4 ,
j l .. . ,I.' 1 1* l 1 l
1 Permanent University Fund Investments Permanent University Fund Investments ] (The Permanent University Fund is the State Endowment Fund Classes of Investments-Changes I for The University of Texas System and The Texas AD1 U.S Treasury Bonds Umversity System) 8-31 73 Mis ss #1696% Yield l Historical Investment Summary ' 8-31 79 7 88 % l 1959 3 04 % Yield Corporate Bonds 1964 360% S-31 78 EM "'MiMi* ' s sign s s;iij 6.27% 1969 425% 8-31 79 6.49% 1974 5.51% Corporate Stocks 8-31 78I!* s -ss s s.. s s < ;i;ij 5.78%
. . . . . . . . . . . . . 8-31 79 6.38 %
0 200 400 600 800 1.000 IM Other (Book Value an Mdlions of Dollars) 8-3178 Eni i s < iiij 8.10% 8-31 79 8 69 % 0 50 100 150 200 250 300 350 @ (Book Value in Mdhons of Dollars) All Other Investments 1970 E Bonds St cb 1971 6 @ { Real Estate 1972 M R Q Other 1973 M Eggsyp?//V41 1974 1975 MSM 1976 ., MMM 1977 MMM 1978 MMM l 1979 0 20 40 60 80 100 120 140 160 180 (Book Value in Mdlions c4 s) 5 h l 17 (
i New Construction P E rojects Underway at August 31,1979 Totaling 5251,051,000 (Estimated Completed Cost) Projec'.s Completed During the b Year 567,033,000 E U.T. Arlington M U.T. Austin L ,r w U.T. San Antonio ; , 1.. gen 1 Dallas H.S.C. s. .
,j Calveston -
Houston H.S.C. . - - - M San Antonio H.S.C. .
- 1 M System Cancer Center k Tyler H.C. -
1 Other Components [pe *
.. -g -
g'I O 40 80 120 160 ( ' 1 Sources of the Investment in Existlag Plant - All Campuses l l 7.9% from Legislative Enactments 5 95,086,818 l 7.0% from Private Gifts 84,759,227 9.3% from Federal Grants 111,882,432 6.1% from Available University Fund-Direct 73,338,473 12.0% from General Tuition Revenue Bond Proceeds 145,317,211 25.0% from Other Revenue Bond Proceeds 301,556,407 2.3% from Constitutional Tax Bond Proceeds 17,552,088 17.9% from Permanent University Fund Bond Proceeds 215,998,244 3.7% from Interest Eamed on Construction Funds 44,609,081 8.8% from Various Other Sources 106.515,704 Total Land, Buildings, and Other Improvements 1,206,615,685 Equipment and Library Books-From AllSources 421,844,151 TotalInvestment in Plant $1,618.459,836 l l i P00R ORGNAL ,,
,.,I) f$
[K w~
' $ *;. ~-
~C -
+.A $7,.
l lfG L '
~
)
~
'\
W:,W: W -; ff% $;5]hA
~;; ; ;;' .
h br,.; -- "l: , .. . . . y%.
- ;;.K-g ~
l
'- :r.: - , ,
;,., i i
,% . ; 3. .. - t. ,_, . . .
l QQ5
~
. ' ' ~ '^%~ ~ '
. l ,,, ,:" * %
1 4
=li' : = !~ ' lgg J$! .;;:':[:,
N.E b $$h [, b. !' .
.,a I
.geng y ,
e ac . . . ~ - , . - -
--- Y i .5 * .* .: *
- _ .=- & . ==r
=':
- ' a, :::
/ -
=. M e
- .T EnE 4 i l .
... .n
- g. w hb. I
, g w
Mf.., 1: d ' riL
Auditor's Certification _ _ : 9 - w g ; , .
~
g. The accounts and records or The ?: -~ :-
- University or Texas System are ..
\ Eb! . !!
l audited annually by the State Audi- (p gj j '
.. j f tor The audit for the reported fiscal ?W K V I, l
vear is in progress A hmited b -.
, g-Q . '.
number or financial reports are re- .N" -n
)--
served for inclusion of the N Auditor's opinion on the rinancial A .. 1 @;. statements. When available, the cer- -
.g A., - ;
tification will appear on this page in M* ._smup*" # such reports l
.k
- I ,
? S3 :D '
- e
. ' ["' ,.g l
W. . j ' ;. ], Ql
- - 4
.y ,; KY, 2 s 't .
w
.,u i ,- .
- t
'. l ' g,'; h." " ' ,' ,
, f' . .
!. j '
l
- y. -
. . .. j 7
- m. ,;
m.; .
.d.
- v. .
- ^N k
-m- .
. .. 3 7-j e.
( 1 ,
.h .
x
- 9. -
I rg . , w
.e y . , _, ,__
= , ,
- j o,
~
{ i? f _4 _ ; '
.:. ' " .-L' ,.
21
Conabined Balanco Sheet a2 Augus2 31.1979 Assets Comparative 1979 1978 CURRENT FUNDS UNRESTRICTED GENERAL Cash and Reimbursement in Transit (Note B) $ 49,714.122 $ 59.588,204 Balance in state Appropriations 6.348,765 8,399,164 Investments (Note C) 212.153 241,210 Accounts Receivable (Net of $36.412.064 Allowance in 1979) 26,515,570 22,563.922 Other Receivables ano Prepayments 1,296,926 3,254,482 Due from Other Funds 19,519,803 10.053,432 Inventories 10,847,547 9.622,174 Total General 114.454,922 113,722,$88
-DESIGNATED Cash (Note B) 97,746,749 84,131,740 Acccunts Receivable (Net of $4,100,580 Allowance in 1979) 4,915,289 2,497,552 Other Receivables and Prepayments 102,688 164.122
, Due from Other Funds 13.038,023 21,455,701 Inventories 2,566,312 1,769,498 Total Designated 118,169,061 110.018,613 AUXIL!ARY ENTERPRISES Cash (Note B) 21,494,639 18.279.538
-Investments (Note C) 254,212 258,852 Accounts Receivable, Notes Receivable and Prepayments 1,407,789 1,330,246 Due frw Other Funds 255,113 1,868,138 Inventories. 5,160,353 4.733,312 Total Aux 111ery Enterprises 28,572.106 26,470,086 Total Unrestricted 261,3 % ,089 250,211,287 RESTRICTED
' Cash (NoteB) . 40,875,061 46,403.956 Investments (Note C) 1,000,303 311,591 Federal Accounts Receivable 17,315,723 12.791,828 Other Accounts Receivable 7.785,873 8.411,392 Other Receivables and Prepayments 2,279,036 241,349 Federal Contract and Grant Awards 115.172,545 95,821,294 Non-Federal Contract and Grant Awards 16,505,484 13.594.344
- Due from Other Funds 474.432 Inventories 544,185 Total Restricted 201,478,210 178,050,186 Total Current Funds 5 462.874.299 $ 428.261.473 2.1
Liabilities and Fund Balances Comparative 1979 m 1978 CURRENT FUNDS UNRESTRICTED GENERAL Accounts Payable $ 13.689.832 $ 7.410.119 Due to State Treasury 1.250.000 Due te Other Funds 21.447.244 36.240.982 Deposits and Deferred Revenue 3.554.934 3.007.764 Fu.ed Balances Allocated 63.940.357 59.514.746 Unallocated 11.822.555 6.298.977 Total General 114.454.922 113.722.588 CESIGNATED
- Accounts Payable 1.028.211 1.931.200 Due to Other Funds 1.444.659 924.292 Deposits and Deferred Revenue 15.521.061 13.846.329 Fund Balances (Note M) - 100.375.110 93.316.792 Total Designated 118.369.061 110.018.613 AUXILIARY ENTERPRISES Accounts Payable -1.944.751 1.789.765 Due to Other Funds 494.3F3 174.722.
Deposits and Deferred Revenues 6.518 'JO 5.701.634 Fund 841anct1 19.61a,670 18.803.965 Total Auxiliary Enterprises 28.572.106 26.470.n86 Total Unrestricted - 261.396.089 250.211.287 RESTRICTED Accounts Payable 1.334.742 1.179.260-
- . Due to State Treasury . -3.302
[ : Undistributed Income . 9.658 8.000 1- Due to Other Funds . . 17.056.147 16.883.458-FundBalances(Unearned)- 183.077.663 159.976.166 - l' g
. Total Restricted 201.478,210 178.050.186 Total Current Funds 1 462.874.299 1 428.261,473 i.
Combined Balann Sheet at August 31,1979 Assets Comparative 1979 1978 LOAN FUNDS Cash (Note B) $ 3.137.517 $ 3.464.103 Investments (Note C) 91.313 71.789 Notes Receivable 27.883.717 24.224.200 Other Receivables 368.865 447.256 Federal Contract and Grant Awards 495.381 526.906 Due from Other Funds 1.003 116.126 Total Loan Funds $ 31.977.796 $ 28.850.380 ENDOWMENT AND SIMILAR FUNDS STATE (Permanent University Fund) (Note E)
$ 1.406.796 $ 1.006.176 Cash (Note Investments ( B) Note C) 1.142.438.965 1.052.341.976 Due from Other Funds 222 Total State 1.143.845.761 1.053.348.374 OTHER THAN STATE Cash (Note B) 988.341 2.892.794 Investments (Note C) 113.067.386 111.981.745 Accounts Receivable 72.126 Funds Held by Sealy and Smitn' Foundation (Note F) 870.963 870.964 Total Other Than State 114.926,690 115.817.629 Total Endownent and Similar Funds $1.258.772.451 $1.169.166.003 ANNUITY AND LIFE INCOME FUNOS
- Cash (Note B) $ 261.867 $ 193.906 Investments (Note C) 3.619.530 3.085.200 Total Annuity and Life Income Funds $ 3.881.397 $ 3.279.106 AVAILABLE UNIVERSITY FUND Cash (Note B) $ 27.452.617 $ 20.210.291 Investments (Note C) 86.100 86.100 Total Available University Fund $ 27.538.717 $ 20.296.391 l
l 24 L ._,
Liabilities and Fund 8alances Comparative 1979 1978 LOAN FUNDS Accounts Payable $ 1.381 $ 2.628 Fund Balances U. S. Government Grants Refundable 26,138,296 23.548.664 University Funds 5,838,119 5,299,088 Total Loan Funds $ 31.977.7 %_ $ 28.850.380 ENDOWMENT AND SIMILAR FUNDS STATE (Permanent University Fund) Fund Balance Endownent $1,143,845,761 $1,053,348,374 Total State 1,143,845.761 1,053,348,374 OTHER THAN STATE Notes Payable 72.000 Fund Balances Endowment 78.379,990 71,973.447 Term Endowment 764.433 726.080 Quasi-Endownent 35,710.267 43,118,102 Total Other Than State 114,926,690 115,817,629 Total Endownent and Similar Funds 11.258.772.451 $1,169.166,003 ANNUITY AND LIFE INCOME FUNDS Fund Balances $ 3,881,397 $ 3,279,106 Total Annuity and Life Income Funds S 3.881.397 W2m l AVAILABLE UNIVERSITY FUND l Due to the Texas A&M University System $ 151.886 $ 306.081 I Due to Other Funds 26.643,086 19,291.965 Fund Balance 743,745 698,345 Total Available University Fund 1 27.538.717 1 20.296.391 t h l ?
Consbined Balmnca Shnt at August 31,1979 1 I l Assets Comparative 1979 1978 PLANT FUNDS UNEXPENDED Cash (Note 8) $ 137.095.651 $ 79.747.802 Balance in State Appropriations 17.118.209 31.718.183 Accounts Receivable 81.578 262.777 Federal Grants Receivable 2.396,429 1.910.788 Non-Federal Grants Receivable 9.031.250 575.000 Notes Receivable 24.500 Due from Other Funds 33.586.142 39.839.248 Deposits 35 35 FLnus Held by State Treasurer 3.985.343 Total Unexpended 199.309,294 158.063.676 FUNDS FOR RENEWALS AND REPLACEMENTS Cash (Note B) 2.940.348 2.207.833 Accounts Receivable . 2.354 Due from Other Funds 1.498.509 1.078.220 Total Funds for Renewals and Replacements 4.441.210 3.286.053_ FUNDS FOR RETIREMENT OF INDE8TEDNESS Cash (Note B). 10.571.323 10.073.663 Investments (Note C) 54.097.490 42.793.227 Due from Other Funds 156.988 168.839 Total Funds for Retirement of Indebtedness 64.825,801 53.035.729 INVESTMENT IN PLANT
. Land 75.548,020 73.884.015 Buildings 855.983.308 776.037.81?
Improvements Other than Buildings 75.866.539 69.337.776 Equipment (Note D) 321.336.008 289.930,469 Library Books 100.508.143 94.005.743 Construction in Progress . 199.217.818 225.565.628 Total Investment in Plant 1.628,459.836 1.528,761.443 Total Plant Funds $1.897.036.141 $1.743.146.901 I AGENCY FUNDS Cash (Note B) $ 12.992.559 $ 7.655,367 Investments (Note C) 6.816.382 5.644.659 Federal Accounts Receivable 6.065 2.088 Accounts Receivable and Prepayments 165.437 38.461 Federal Contract and Arant Awards '3.892.418 2.626.797 Real Estate 250.224 250.224 Total Agency Funds 1 24.123.085 $ 16.217.596 l 26 '
Liabilities and Fund Balances + Conparative 1979 1978 PLANT FUNDS UNEXPENDED Accounts Payable - $ 687.001 1 1.027.495 Due to Other Funds 814.018 1.254.939 Bonds Payable (Note J) 27.861.115 12.6 % .800 Fund Balances (Note G) Restricted 74.337.529 59.671.971 Unrestricted 95.609.631 83.412.471 Total Unexpended 199.309.294 158.063.676 FbMDS FOR RENEWALS AND REPLACEMENTS Fund Balances 1 Restricted- 901.308 644.202 Unrestricted 3.539.902 2.641.851 Total Funds for Renewals and Replacements 4.441.210 3.286.053 ) FUNOS FOR RETIREMENT OF INDEBTEDNESS Due to Other Funds 7 Fund Balances , Restricted 64.825,794 - 53.035.729 Total Funds for Retirement of Indabtedness 64.825.801 53.035.729 INVESTMENT IN PLANT Due to Other Funds 150.000 284.000 Bonds. Notes, and Mortgages Payable (Note J) 561.686.511 553.395,963 Net Investment in Plant 1.066.623.325 975.081.480 l Total Investment in Plant 1.628,459.836 1.528.761.443 Total Plant Funds 51.897.036.141 $1.743.146.901 l f- )AGENCf FUNDS t Accounts Payable $ 102.549 $ 166.812 l Due to Other Funds 6.065 l Deposits . 500 ' -Investment in Plant 250.224 250.224
- Deposits Held in Custody for Others 23.763.747 15.800.560
- Total Agency Funds - 1 24.12 Loss 1 16.217.596 i
l The ' accompanying notes are en integral part of the financia1' statements. 27
Conibined Stat 0 meet of Changmin Fund BalamOJ For the Year Ended August 3L 1979 CURRENT FUNDS UNRESTRICTED FUNDS RESTRICTED Auxiliary Total General Designated Enterprises Unrestricted BALANCES. September 1.1978 $ 65.813.723 $ 93.316.792 $ 18.803.965 $177.934.480 $159.976.166 REVENUES AND OTHER ADDITIONS Unrestricted Current Fund Revenues 545.005.732 127.311.769 64.204.594 736,522.095 State Appropriations - Restricted 64.456.881 Federal Grants and Contracts - Restricted 165,899,652 State Grants and Contracts - Restricted 12.992.764 Local Grants and Contracts - Restricted 3.614.990 o Private Gifts. Grants and Contracts - Restricted 42.750,238 Proceeds from Sale of BondJ Investment Income 8.257.586 Net Realized Gains on Investments 972 Interest on Loans Receivable U.S. Government Advances Expended for Plant Facilities (Including 131,661.209 Charged to Current Fund Expenditures) Ad Valorem Tax Allocation Other Additions 1.037.904 2.792.191 115.609 3.945.704 4.269,230 Total Revenues and Other Additions 546.043,636 130,103.960 64,320.203 740.467,799 302,242,313 EXPENDITURES AND OTHER DEDUCTIONS Expenditures 531.695.029 82,668,580 60.281.916 674,645.525 239,688,389
~ Appropriations Lapsed 4.377.084 4.377.084 Indirect Costs Recovered 27.532.742 Refunded to Grantor 7.025.922 Loan Cancellations and Write-offs Administrative and Collection Costs Expend d for Plant Facilities Retirement of Indebtedness and Interest Paid Disposal of Plant Facilities het Change in Bonds Notes, and Mortgages Payable S.B. 513, 65th Leg. Equipment Deletions (Note D)
Other Deductions 28.141 441.015 41.939 511.095 1.992.1 % Total Expenditures and Other Deductions $36.100.254 83.109.595 60.323.855 679.533,704 276.239.159 TRANSFERS MANDATORY . To General Funds (Tuition) 8,500,334 (8,500.334) To Retirement of Indebtedness Funds Pemanent University Fund Bonds General Tuttion Revenue Bonds (6.490.453) '(6.490,451) Other Revenue Bonds (10,590.851) (2,974.088) (13,564.939) To Renewals and Replacement Funds (118,000) (118.000) Loan Funds Matching Grants (82.139) (83.095) (165,234) (84.864) NON-MANDATORY Between Funds ~(8.494.527) (12,276,002) (10.460) (20.780.989) (2.816.793) Fros (To) Agency Funds (1,996,250) (1.996.250)
-Total Transfers 5,807 (39.936,027) (3.185.643) (43.115.863) (2,901.657) het Increase (Decrease) for the Year 9.949.189 7.058,338 810.705 17.818,232 23,101,497 8ALANCES, August 31, 1979 1 75.762.912 1100.375.130 1 19.614.670 $195.752.712 $183.077.663 28
LOAM ENDC'AtENT AND SIMILAR FUNDS ANNUITY AVAILA8LE PLANT FUNDS FUNDS AND LIFE UNIVER$1Tf Renewals Retirement Investment STATE OTHER INCOME FUNDS and of in THAN STATE FUNDS Unexpanded Replacements Indebtedness Plant
$1.053.348.374 $115.817.629
$ 698.345
$ . . $. . $5 .035.729 $ 975.081.480 500.000 735.041 1.108.553 79.715 636.969 9.189.187 1.400.000 3.235.187 5.023.089 42.000.000 90.004.943 705.863 $1.058.637 379.501 392.444 476.786 2.934.553 104.042.747 5.406.913 60.407 . . . 1.062 36.453
* * * . 2 . 9. . 9 .508,M6 90.397.387 6.242.191 51.058.637 170.676 * * '
432.987 8.000 579.095 18.523
. . 0 49.452 48.042.791 6,503.845 15.164.314 8.156.548 4.505.996 147.247 800.762 9
752.865 27.691 482.439 15.983.314 (15.983.314) 6.490.451 (976.478) 24.056.790 (9.515.373) 118.000 l 250.098 1.4 6-2.337.849 (34.547.484) 100.000 85 100.000 (7.177.439) (50.530.798)
. .663 ' $' ' ' ' ' ' '
90.497.387 (962.939) 45.400
$1.143.845.761 $114.854.690 1 743.745
. 60 M.4E2M . M $1.M6.623.325 The accomanying cotes are an integral part of the financial statements.
19
Coanbined StatemIt of Current Funds For the Year Ended Augus231.1979 _RGvenees and Expenditureo General CURRENT REVENUES
. Tuition and Fees. $ 3.761.546 State Appropriations 420.754.364 Federal Grants and contracts 24.114.048 State Grants and Contracts 529.154 Local Grants and Contracts 89.447 Private Gifts. Grants and Contracts 2.356.537 Endowment Income Sales and Services of Hospitals 83.210.097 Sales and Services of Educational Activities 2.193.812 Sales and Services of Auxiliary Enterprises Professional Fees Other Sources 7.996.727 Total Current Revenues 1545.005.732 CURRENT EXPENDITURES EDUCATIONAL AND GENERAL Instruction $205.864.051 Research 20 % 0.769 Public Service 1.609.053 Hospitals 114.239.637 Academic Support - 34.804.736 Student Services 8.613.577 Institutional Support. 44.729.906 Operation and Maintenance of Plant 96.442.996 Scholarships and Fellowships 4.430.304 Total Educational and General 531.695.029 AUXILIARY ENTERPRISES Total Current Expenditures $531.695.029 L_ s
UNRESTRICTED RESTRICTED TOTAL Au111ary Total 1979 Comparative Designated Enterprises Unrestricted 1978
$ 29.882.746 $ 9.962.055 $ 43.606.347 $ $ 43.606.347 $ 40.959.448 420.754.364 64.456.881 485.211.245 454.682.112 1.265.727 25.379.775 120.833.725 146.213.500 125.880.408 7.800 536.954 13.269.550 13.806.504 11.519.966 89.447 3.026.638 3.116.085 2.353.848 4.218.511 167.351 6.742.399 31.725.366 38.467.765 33.938.493 562.677 562.677 4.203.820 4.766.497 3.662.954 11.037.491 94.247.588 M.247.588 72.950.757 15.309.856 17.503.668 17.503.668 12.621.700 442.242 53.664.978 54.107.220 54.107.220 46.275.909 53.261.445 53.261.445 53.261.445 41.558.915
_ ,1.323.274
) 410.210 19.730.211 2.172.409 21.902.620 15,672.363 1127.311.769 $ 64.204.594 1736.522.095 $239.688.389 $976.210.484 5862.076.973 $ 35.309.005 $ $241.173.056 $ 58.729.131 $299.902.187 $260.006.129 2.350.798 23.311.567 123.397.689 146.709.256 125.133.812 5.762.966 7.372.019 14.951.733 22.323.752 18.080.727 22.299.224 136.538.861 12.427.293 148.966.154 127.276.645 2.965.495 37.770.231 6.330.637 44.100,868 42.424.584 2.377.266 10.990.843 '2.995.138 13.985.981 11.441.824 30.326.934 55.056.840 7.983.657 63.040.497 49.078.778 91.301 % .534.297 5.476.437 102.010.734 91.329.868 769.859 5.200.163 5.267.339 10.467.502 9.435.099 82.252.848 613.947.877 237.559.054 851.506.931 734.207.466 415.732 60.281.916 60.697.648 2.129.335 62.826.983 53.449.977 $ 82.668.580 $ 60.231.916 1674.645.525 $239.688.389 5914.333.914 5787.657.443 l
I l l The accompanying notes are an integral part of the financial statements. 31
Notes to anancial statements con, which was effective November I,1977, From September 1,1972 through August 31, Sute agencies were required to capitah:e At August 31,1979, discussions with State 1978,The University of Texas institute of and inventory items of equipment costmg Auditor representat ves were underway at Texan Cultures at San Antonio was reported more than $50. For those component msutu- several of the componcnt msututions con-an the fmancial statements as an operating nons convertmg their inventory systems to cermng the utihty charges to be paid by Aux-unit of The University of Texas at San An- the less stnngent requirements, the deletions ihary Enterpnses for the 1977 78 Fiscal Year. tonio. However, effccuve September 1,1978, dunng the fiscal year ended August 31,1979 The ulumate habahty estabhsbed as a result The Insutute of Teun Cultures was re-estab- together with comparanve hgures for fiscal of the discussions cannot bt remnably ev hshed as a separate component mstitution of year 1978 are as follows. timated at this time. In the opmion of Uni-The Univeruty of Texas 5ystema formerly,it versity Administration,thislabahty wdl functioned as a separate component institu- not matenally affect the System accounts tion dunng the penod September I,1969 taen as a whole. through August 31,1971 Fund Balances at mr .%
. September 1,1978, totahng $11.266,156 for W", *J 'da = Note I all fund groups, are reported on the g **T um The combmed fmancial statements do not Institute's Statement of Changes an Fund gg m u" reflect an inter-fund advance of $1,400,000 Balances on the hne enntled Transfer from **= = W" from Auxthary F.nterpnses to Unexpended The University of Texas at San Antonio " """ "
,,,,, em Plant Funds at U.T. Austm. These funds, All assets were tunsterred, meludmg Legisla- along with $1400,000 irom the Available
",wl=,,==l=, e a='"
- jaa'"
tive Appropnanons of $1,479,537 which had 6 """* University Fund were used to purchase a Cu-been appropnated to The Uruversity of Tex- "" C'" tenberg Bible dunng the fiscal year ended as at San Antonio for the opention of the In- August 31,1978. It is anticipated that the ad-stitute of Texan Cultures vance willbe repaid to U.T. Austin's Aux-Tbc above equipment deletions are reflect- thary Enterrnses dunng hscal year endmg Note B ed in the financial sutements as a separate August 31.1980 from pnvate gif ts received hne aten. m the deductions shown on the through the Chancellor's Council for U.T. Cash bahnces at August 31,1979 reported Statements of Changes in Fund Balances and System Admmistration restnered funds. in the various fund groups mclude ume as a reduction in the capitah:ed assets Such gifts amounung to $981,225 had been deposits and certthcates of deposit totahng reported on the Balance Sheet. received at August 31,1979.
$343,114.083.These deposits represent about 95% of the total cash in banks (excludmg Note J
$43,874.9)8 for Cash On Hand, Cash m State Note E Treasury, and Cash and Reimbursement in At August 31,1979,Tbc Univenity of Texas By acts of the Legislature and provisions of System had outstandmg Bonds Notes and Tunsm' the Constitunon, the net income of the Per- Morgages Payable of $589,619,626 as detailed manent University Fund is divided two- below. Of this amount, approximately Note C thirds to The Univenity of Texas System $19,600,000 is payable in the followmg fiscal and one-third to The Texas A&M University year endmg August 31,1980.
At August 31,1979, book values of all m-System (with the excepuon of mcome from vestments (excluding Permanent University gnzing leases on nivenin land, aM Fund and Available Univenity Fund real es-ute carned at nominal values of $10.027,384 3 ** * * " '"'" **
=== D= o==***
and $86,100, respecuvely) are classified as
**
- b ==***==
follows: E wv.1"'"n".".$,7
- $ $E EU TEE Bonas S 790,358,371 Note F "
"".ll1*.",,.","l",.,.',',.*.,.,.,,a,
- s. . m l1" OE
- Stocks . 424,230,558 The Special Fund for John Sealy Hospital ha' a *2* "" ==
Real Estate Mortgages and Other Notes 79,978,765 has been under the Wmt control of the Board of Regents and the Scaly and Smith Founda-g n , g y g =..
. .. m n Real Estate 15,893,278 tion since January 31,1927, but has always e.w m Other investments 1.109.414 been in the custody of the Foundation.
$1.311.570.3A6 Note G The above liabilities do not include
$55.690,000 of Bonds Payable at August 31, Orders and contracts of $85.797,118 were 197owhich were fully defeased dunng The total market value of these invest-outstandmg at August 31,1979 agamst Unex- August 1978. Direct obhgations of the Unit-ments at August 31,1979, was at least .
pended Plant Funds- ed States of America in amounts, matunties
$1,190,000,000.Dunng the year, certain bonds were sold and other bonds of equal These Orden and Contracts included and beanng interest at rates sufficient to
$12,249,560 of habihties based on provide funds to pay in full the pnncipal, par value and greater yield were purchased as .
C ntT8Ctof8 ""m8tCS of in'0icC5 for Scfv 1CC8 redemption premium and interest to maturi-replacements, these sales and purchases were performed and matenals received as of > ty or redemption on the defcased bonds are treated as " exchanges", thus recosmzing no August 31,1979, as shown below: being held by an escrow agent. The balances gains or losses. Descriptiona of these ex - changes are shown in the narranve section of of the defeased bordsat August 31,1979 this report, page 16. wr wv were as follows:
.A s .w et Ass I GD6 4 gg Note D N" a b. A s.s.
E 6N
*',,,,,,,,O",*,,',",*.t!"'d'**"
, ..,m, T h. r af Tomas Aue.e Caeks.,d fue During iiscal year 1979. vanous component ".".".,*fn'""'"***
. iE 3,=='a=*
5 ' g ,a g g m mee insututions deleted from their inventory ll'lZ"lll21 O am w,= m u
,3,. d,D".".*'" Y '"
en s ome records 68,448 items of equipment cosung ggg 'yg *l . 5"""" *H m
$250 or less as permitted by S.B. 513,65th
' Legislature, compared to 194,150 items delet-
,% , ,"'*]
ed in fiscal year 1978. Prior to this legisla-32 -.
l Note K At August il 1C9 s inous !awsuits and l
,.laims :nvolving The if niversity of Tctas u stem and .arious or ts component insttru g was were pending Wha the mesmate d jl habihn with respett to htigation and other O ~
claims asserted aoinst the system cannot ne P reasonablv estimated at thu ame such j ha bility to the extent not provided for by in-l surance or otherwise. n not likely to have a matcrial ettect on System accounts Note L The financui statements do not reflect the h; balances or transactions of runds heid in i trust bv others At August 31 1979 torty sesen such tunds existed for the benetit or - The Unisersats of Texas system of whicn - torts t vc were for five specified component institutions and two for brem wide pur ,- roses Based upon the most recent available '
- ntormation the assets of these funds held in
'l ,' ,
y .
%f*
ff trust bs other are carned by the Trustees at saiues tota! inst more than 5A6 ;00 000 i 4 s ) D Note M Various Designated Funds service Depart ments had neutive balantes at Augu>t 31 g 19'9 some et these negative balances oc- . ,f < . curred in ucation and sick leave reserve ac- (;, ' A i count 3 which were estabinhed dunnit the , l 19" riscal vear to fund lump sum vacation }Th ' 2nd sick leave payments required by sen.:te Hill ;2 Mth Legislature as revued hv House Bill ;lo 6;th Legislature Negative balances in such accounts at August Il 19'9 amount-ed to 51 140 6A6 which was 527; 009 less than at the end of the pnor riscal year These , i amounts will continue to be recovered.in l subsequent years by credits based on revised vacation and sick leave rates to be charged to apprornate departments and vanous itrants and contracts Other significant negative balances included 5544 293 which was reported as the result or acquinng a new computer at U T san Antonio in a previous vear and U T Austin had a negauve balance at Slu l Al from iruttal operanons of a new research ship tor the Manne science Insti- , tute dunna tiscal year 1979 These acquisition costs will be recovered by charges for ser-vices performed in subsequent years Note N Eftective Septembe t 1979 Texas Eastern Univeruty was transferred to the Board of Regents of The University of Texas system pursuant to Senate Bdl 906,66th Legislature. Regular Session. and renamed The Universi- .* f rv of Texas at Tyler it is an upperdivision v"Y o JI and graduate institution with six academic g whoois The accnunts of this new U T insti- %'w ;
- .. .e .
# Je tution will be included in thts report in fu *
*$1 4 ture vears 4
1 -{,, ;,
, m tb . : ? - - - - - - - - - - - - - - - - - - - -
p %R u
Summary of Significant Accounting P.olicies Principles of Consolidation " Designated Funds" has been estabhshed by the esumated completed costs of the The combmed fmancial state ments include The Umversity of Texas System to distin- proiects. The accountmg for such appropna-the System Admin stranon and all compon- guish such internaUy designated funds from tions involves transfer of fund balances from ent insutunons of The Umversity of Texas externally restncted as well as other current System Administration to component msu-System. An,ounts due between component funds. Included in Designated Funds are the tutions, smcc all permanent Umversity Fund msututions in the same fund, amounts held Service Department fund balances That por- Bonds are carned as habihties of system Ad-for component institunons by the System non of Service Department revenues from ministranon. To the extent that appropna-Admmistranon and other duphcanons m outside sources is reported as Sales and Ser- nons are made from anucipated proceeds of reportmg are chmmated in prepanns the vices of Educational Activities.The bonds to be issued in a subsequent fiscal combmed fmancial statements. remamder of the credits from services are year, fund balances are restored from the netted against the total service department component insututions to system Admints-Accrusal Basis of Accounting expenditures Any excess of expenditures is tration at year-end for f mancial reporung The financial statements of The Universi. reported m the Institutional Support expen- purposes. Accordingly, m the individual ty of Texas System are prepared on a datures category on the Statement of Current Statements of Changes in Fund Balances for modified accrual basis consistent with pnn. Funds Revenues and Expenditures System Admmistration and the affected ciples recommended in College and Umver- (conversely,if credits from Semces exceed component msutuuons, approprunons from sny Business Adm rustranon, Third Edition, the expenditures for the year, the excess will Permanent University Fund bond proceeds pubhshed in 1974 reduce the Insutuuonal Support categoryr are mcluded m the amounts reported as The Statement of Current Funds Revenues These procedures are consistent with, al- " Transfers" between System Admmistration and Expenditures is a statement of tinancial though not specthed m CoHege and Univer. and component institutions, and the net say Busmess Adminittration, Third Edinon. change between the begmnmg and endmg acovities of current funds related to the cur-rent reporting penod. It does not purport to Auxihary Enterpnses funds are resources bahnces of funds appropnated from an-present the results of operanons or the net used by insatutional enuties which provide ucipated bond proceeds are reparted as income or loss for the penod as would a sr.rvices for students, faculty, and staff and " Reclassifications from/to Other Compon-statement of revenues and expenses charge a fee directly related to the cost of th, ents."In accordance with procedures service provided. All other current fund re. previously stated under the capuon sources and activines are recorded in the "fnnciples of Consohdation", all transac-Fund Accounting General Fund. tions mvolvmg transters and reclassificauons In order to ensure observance of hmita- Ioan Funds-Funds avadable for loans to between System Administration and the nons and restnctions placed on resources students. component mstitunons have been ehmmat. available to The University of Texas System, Endowment and Sundar Funds-Funds ed m preparms the combmed fmancial the accounts of the Systro are mamtamed subiect to restnctions of endowment in- statements. Funds for Renewals and Re-m accordance with the pnnciples of ' fund struments requinng that pnr.cipal be mam- placements which provide for the renewal accounung' as outimed in Conege and Uni- tamed in perpetuary and that only the in- and replacement of plant fund assets as dis-venny Business Admuustration, Third come be unlized.The Permanent Universny unguished from additions and im-Ed: tion, pubhshed in 1974. Thw is the pro- Fund (State Endowment) is restncted by the provements to plant. Funds for Reurement cedure by which resources are classified Constitunon of the State of Texas and only ofIndebtedness which account for the ac-for accountmg and reporung purposes into the income of the fund is available for use cumulat on of resources for interest and funds that are m accordance with activines (see page 16) The income from the Perman- pnncipal payments and other debt service or obiecuves specified. The Uruversity of ent University Fund is the Available Univer- clurges investment in Plant which includes Texas System mamtains mdividual accounts sity Fund which is desenbed below. All other all long-hved assets in the service of the insti-for each fund; however,in the accompany- endowment income is accounted for in the tuuon and all construcuon in progress. How-ing financial statements, funds that have fund to which it is restncted or designated. ever, it does not include any long-hved assets simihr characterisucs have been combined Annuny and Life income Funds- held as investments in the Endowment and into fund groups. Accordingly, all hnancial Annuny Funds-Funds donated to The Similar Funds and the Avadable University transacuons have been recorded and report. Uruversity of Texas System on condinon Fund. Plant Fund bonded indebtedness is ed by fund group. that the System pay a supulated amount to reported as a habihty of Unexpended Plant To ensure proper stewardship in accor- the donor or designated individuals for a Funds to the extent that the bond proceeds dance with stated obtecuves the followmg specified time or untd the ume of death of are unexpended, and the bonded indebted-fund groups are employed by The University the annuitant- ness represented by expended proceeds is of Texas System: Life income Funds-Funds simdar to An- reported as a habihty of the Investment in Cunent Funds-Funds expendable for cur- nuity funds, except that the System is Plant Fund Group. rent operatmg purposes Withm the current required to pay to the donor or designated Agency Funds-Funds in the custody of fund group, funds are segregated between indi iduals only the income earned by assets The University of Texas System held by the those for general, designated, auxihary enter- of the funds after deduction of appropnate System as custodian or fiscal agent for pnses,and restncted purposes Restnered management expenses. others. funds refer to resources that have been exter- Arailable Umversny Fund-Funds created DEPRECIAT10N pobey follows that nally restncted and may only be utilized in by mcome from the Permanent University recommended m CoIIcge and Universny accordance with the purposes supulated by Fund. Although not specified in Co11cge and Business Admimstration. Third Edition, the source of such funds. This is in contrast University Business Admmittration. Third pubhshed in 1974. Accordingly, no deprecia- - with general, designated and auxiliary enter- Edinon, published in 1974, The Umversity tion is taken on physical plant and equip-pnses fundt over which the Board of Regents of Texas System has estabhshed a separate ment However, to mamtam the pnncipal of retam full control to use in achievmg its in- "Available Fund" group because of the endowments ummpaired, depreciation is statunonal purposes Restneted current unique c;anner in which it funcuons n Jed on real estate which is the invest-funds include contract and grant awards for Plant Funds-This roup of funds in- ment of Endowment funds. which cash may not have been received nor cludes: Unexpended Plant Funds which ac- INVESTMENTS are carned at cost or,if expenditures made, and aho include cash count for the unexpended resources denved donated, at fair market value at date of dona-received but not expended, such resources from vanous sources to finance the acquisi- non, adiusted for amortization of any are reported as revenue when expended- tion of long-hved plant assets and the as- premium or discount computed on the Designated funds are resources ansing sociated habihties Construction proiects to " scientific" basis. The cost of bond invest-from sources that have been designated by be funded from Permanent University Fund ments reflect " exchanged" cost as desenbed the Board of Regents to be used for special bond proceeds are estabhshed based upon sp- in footnote "C" to the fmancial statements. purposes The separate current fund styled propnations in an amount necessary to fund 34
- ,e.cg. 3 i ., ..
' ' ' '4'
/
- .- .. _ q -__.
~
v. k q [*,' ,
/ '
['_- % - y- '
'. ' > . ...A
- + - ~ ' - i #Mw...' * .
. ( -' ,
,t ..
'. _ r .
c .
~-._ %
5 - 1 - 2
} p oI 4 .
L' % -
. .. t .,
- g. .
./ , Os .
. p
~ '
l . g
/ .
ap .-
.g .
I ~ *
~
~
? *.-
e
.. 2 _ .
E
- 4' .- , ,_
r .
~' ' .
' ~
- .' p - e -
- s s .:
~
$ .'L . .
4 4, . . w j * *
~
i . 4 e ,
- k '
. y - .
~
~' *
,~ ! ' .k , ;.
~ ~
b'g {, . . , e .
's '.
% < ' ,y k- ,
' s
- s .- - , .
l ,
General Academic Institutions THE UNIVERSITY OF TEX AS AT THE UNIVERSITY OF TEXAS AT ARLINGTON is located midwav between Fort Worth and Dallas at
$% DALLAS was established m 1969 as an upper-level institution with the heart of the North Texas Metro- authonzed curricula leadmg to plex The University became a part '
nearly 50 degrees at the baccalau-of the U T system in 1965 Current reate. master s. and doctoral levels degree programs include more than Located on a campus of more 48 baccalaureate programs and 35 than 600 acres. U T Dallas eniors masters prograr s in addition, the over 900 000 square teet or modern ! Umversity otters l' doctoral pro- buildings ano facilities designed to grams encompassing 20 tields of serve a commuter student body A study These are ottered through - university which has programs at the Colleges of Liberal Arts. Science. the undergraduate level to serve the Engineering and Business Adminis- needs of the community college tration, Graduate School of Social , graduate. U T Dallas also main Work. Institute of Urban Studies, tains high quahty graduate pro-School of Architecture and Envi. grams and one of the state s largest ronmental Design. School of Nurs- ; ; budgets for sponsorea research ac ing, Graduate School, and Center tivities for Professional Teacher Educatior The Calher Center for Commun. A t August 31.1979 Wendell H. ication Disorders. an internatioital-Nedderman was President and lv recognized teaching. research. I Dudlev Wctsel. Vice President for and treatment organization is locat-Busmess Affairs ed u a uniquelv-equipped tac.htv near downtown Dallas Several promment education-related agen-
',p ' ~' ' .[g A j. 3 ' ~'
cies are located on the U.T Dallas h
.%- h 1 - r w,-
- THE UNIVERSITY OF TEXAS AT ern Legal Foundation. the Inter-w.
l4 AUSTIN is a maior research univer I . Umversity Council, and The As-1 sity with many nat onally ranked E. '# sociation for Graduate Education academic programs at the graduate and Research (TAGERi 4[. . i level its librarv collections and re~ At August 31.1979 Brvce lordan
.; y . . -
scarch resources are ranked among was President and Stewart C Falbs. p 7g '.. ,
-1 g 'q the finest in the world The present i sce President for Busmess Affairs pp ' V site has expanded into more than o . . . u ; .b J
- 300 acres since classes becan on the
, . . ~%
' ga 7e'..- origmal 40 acres near downtown
'.' I i KN
- Austin Additional Universitv-owned property located in other f N.go
- areas of Austin mcludes the Bal- ft .
..q cones Researth Center and the F TW
, Brackenridge Tract partially u3ed for married student housing The -
~
Mcdonald Obsersatory on Mount U' Locke in West Texas and the Ma- _ rme Science Institute at Port Aran- y sas and Galveston on the Gul! ' j j v Coast operate as specialized re- , i P
% search units at U T Austin w
~ '
l A t August 31.19'9. Lorene L l ~ w Rogers was President and lames H ' Colvm. Vice President for business -- MW Affairs Peter T Flawn became Pres- '~
- ident on September 1.1979 4'
300R 01 &
THE UNIVERSITY OF TEXAS AT THE UNIVERSITY OF TEXAS AT EL PASO we -blished by the SAN ANTONIO was authori:ed by Legislature 1 3 as the Texas the Texas Legislature in 1969. School of 1.....cs and Metallurgy. It Graduate programs were initiated a was renamed the College of Mmes in leased facilities in June,1973; after becoming a branch of 'he U.T. during summer,1975, the Universi- ) g System m 1919, changed to Texas ty moved to a 600 acre campus in i n Western College in 1949, and since northwest San Antonio. Junior and 1967 has been The Umversity of senior students were admitted in Texas at El Paso. The various name September,1975, and freshmen and THE UNIVERSITY OF TEXAS IN-changes reflect the growth in sophomores were enrolled in sum. STITUTE OF TEXAN CULTURES academic offenngs and si:e of the mer,1976, when the first phase of AT SAN ANTONIO, founded as a University. campus construction was mmplet- world's fair exhibit for HemisFair Both baccalaureate and graduate ed. U.T. San Antonio is unusual in '68, has grown into a statewide re-degrees are offered in more than 60 that it was constructed as a com. source and information center con-majors through the six colleges: plete four-year and graduate institu. cerned with the people and history Business Administration, Education, tion in one S50,000,000 initial of Texas. Visitors numbered more Engineering, Liberal Arts, Nursing, project over a three year period. than 300,000 last year. and Science, plus the Grrduate The institution is a part of the The Institute is the learning and School The University is accredit- Southwest Research Consortium. communication center for the his-ed through the doctorallevel by the At August 31,1979, lames W. tory, culture and folklore of Texas. Southem Association of Colleges Wagener was President and Gary L. Charged by the State Ltgislature to and Schools and of ters a doctorate Hammon, Vice President for Busi- disseminate the word about Texas, in Geological Sciences. ness Affairs. the Institute employs a variety of The location on the international methods to tell the people of this border brings hundreds of students state about their hentage. A mas-from Mexico to the campus. Many i sive exhibit floor filled with dis-international programs reflect cul- plays, artifacts, historic photographs tural, scientific and engineering in- __
. and vignettes on Texas history has terests. i -
~
- been expanded to a teaching labora-At August 31,1979, Arleigh B. ,
tory with 165 carefully trained Templeton was President and Hal. volunteers and staff members bert G. St. Clair, Vice President for " providing living history demonstra-l Busir.ess Affairs. tions of folk customs and crafts. The Institute offers a reference li-THE UNIVERSITY OF TEXAS OF l brary with more than 2,000 books THE PERMIAN BASIN in Odessa and 35,000 photographs. The opened for classes in September of production staff serves museums . l 1973. As directed by the Texas across the state with design, photo-Legislature in 1969, U.T. Permian graphy and exhibit fabrication. To-Basin admits only upper. level tal physical plant value is in excess students, and offers baccalaureate of 59.0 million. degrees in 27 fields and masters de* At August 31,1979, lack R. grees in 15 fields. Innovative class- Maguire was Executive Director room and laboratory techniques are Leonard Scotty, Business Manager. emphasi:ed, especially self. paced instruction, experiential learning and open laboratory and art areas. u r. u r. u r. u r. remin u T. The 588 acre campus has completed tsnotturnT its first phase of building construe. mi nn is.26: es sars is.7s2 im s. ass Spnng 1979 16.903 40.488 5.102 14 834 1.s37 8.5'8 tion. hmmer L 1979 8.651 17.793 2.961 7,394 893 4.8 s8 5"="" n. i979 4 oos i,423- 999 s404 396 2.a72 At August 31, !979, V. R. Car-do:ier was Presidentand William A. DEG*Ll5 ^*^* DER '"*'* l' * * '*** ' 3** * PHYSICAL PLAN Watts, Vice President for Busm.ess
,3,,,3i, gg,T VinAtut maiens slos 7 s6n a s68 2 sc 4 s2a 0 se s Affairs. ,
)DDR ORS R. 27
i ( @ *Q '_ _,
' ^: '
f l*' _,' :
'? ;, *. :
?-
[' ,3 g 1:s y p
- ify 31 Ly w;uy .
7 3 : x%[ Ag h J . Wx W v& ; Q } ':; g , W, x g
-[ f ; ;. .
y6( ' : f + }%,R i w a .y g ; Q' - . ..
.y
.h ' p. , .h;l .. pl. N
\x$.
nf .~ . . ,. f ^ b; . y 4- 7 9,3
.: g7). . . x
=
t ,.eg(
' t t .a . .
- s. .
?00R ORGINA.
l l THE UNIVERSITY OF TEXAS THE UNIVERSITY OF TEX A5 HEALTH SCIENCE CENTER AT SAN ANTONIO was estabhshed by
~
<M HEALTH CENTER AT TYLER became a part of the U.T. System in the Board of Regents in the Fall of '
_b Q . g 'T - 1977 by action of the 65th Legisla- 6 1972. The Health Science Center is > - J ture. That action reaffirmed the the heart of the South Texas 'j', 'h,f'
} institution's role and scope as the Medical Center and has affiliation primary facility in Texas for patient agreements with four of the five care, education, and research in dis-hospitals which help comprise the THE UNIVERSITY OF TEXAS SYS, cases of the chest and expanded Medical Center in addition to four TEM CANCER CENTER is com. the mission to include the future other maior hospitals in the city. posed of M. D. Anderson Hospital use of its facilirtes as a teaching hos-The operational units of the Health and Tumor Institute at Houston pital. A new patient care annex of Science Center include the San An- and the Environmental Science 320 beds will replace the existing tonio Medical School, the San An- Park in Bastrop County. A satellite patient care building of 267 beds in tonio Dental School, the Nursing facility, the Rio Grande Cancer 1980.
School, the Graduate School of Treatment Center at McFlen,is Research activities at the Tyler Biomedical Sciences and the School locally owned but operated by M. Health Center include studies of of Allied Health Sciences. Comple. D. Anderson Hospital. Founded by envir nmental fact rs that affect tion af the Medicalexpansion the Legislature in 1941, M. D. An, the respiratory system and the phase h as enab!cd its first year en- derson has grown to become one of development of clinical treatments rollment to be expanded to 200 the world's foremost centers devot- f r chronic respiratory diseases. A students per class. Additional ex- ed to cancer patient care, research, residency program in generalinter-pansion protects include Basic education and prevention. More nal medicine is under development. Science research ares, Library facili- than 145,000 persons, most of Other educational activities include ty and a Lecture Hall facility. whom have come from all 254 Tex- continuing medical education pro-At August 31,1979, Frank Harri- as counties, have received care at grams and training programs in var-son was President and Robert B. Anderson. M. D. Anderson has i us allied health fields in conjunc. Price, Executive Vice President for trained more than 9,500 scientists tion with general academic institu-Administration and Business Al- and health professionals since 1947 tions. fairs. The basic science and clinical During the year the Tyler Health cancer research program includes Center recorded 60,531 Inpatient more than $25 millica in sponsored Days of Patient Care and 8,549 Out-patient visits. research. The Scienco Park includes the Veterinary Resources Division At August 31.1979, Ge rge A. which serves many institutions and Hurst was Su,erintendent and laboratories as + center for the sup- David S. Turman. Administrator. ply and production of animal l biologics and research animals and I at the same time assures the preser-vation of important research ! species, and the Research Division . which is a naior center for the v = = study of er vironmental causes of cancer.
- At August 31,1979, Charles A.
LeMaistre was President and E. R. ( Gilley, Vice President for Adminis- ' tration and Finance. HSC Calveston H en er H , ENROLLMD4T Fali 19'8 i344 1,538 L317 1389 DECR11.s AWARDED I9'8-79 362 5:2 694 s44
~ " ' '
PHYS! CAL PLANT VALUE. at August 3, 979 n atcions s:Os0 s9 . s '14 s2:3 P0u0RQ4R M21 - - .
ww . z , . . w.mer c
.) lI .
' ' ~
., .. : g. ; . _
~
N'ff ; ; hh_ .. :
;}'
gf .
*g.'..
l l .[, ' ' l' :. *i h[l Qf['1
, w g y[. :
_ .c _
.l.'_
j, .g. .g;g r
- 7. gg= c p
C 4.g,; 9eJ I e;, - s- -.-
.sc
' ' :, *!st . .
, ,g -
5 A% Jry ,' ,.,g
- x. 3 ,,
~,_,..+....f..,g>-J .sn "
_..,e, -
,- .. a
~
.s .m.. . .;.
, .ip i 7 l
o . University of Texas Nuclear Engineering Teaching Laboratory Adjusted
.m Budget Budget
%' Time 79-80 80-81 Administrative' and Professional Salaries 28,000 28,000 Supervisor 100%
' Classified ' Personnel - 55,752 58,638 Administrative . Secretary' 100%
- Nuclear Technical Specialist II 100%
' Nuclear Technical Specialist III 100%
Radiochemist 50%
- w. . ,
- Maintenance and Operation 15,000 15,000 98,752 101,638
+
w r% 7 __i e
/
Y e p 1 3 y h' i~__. _ ,
University of Texas Nuclear Engineering Teaching Laboratory Proposed Budget
% Time 81-82
' Administrative _and Professional Salaries Director Assistant Director / Supervisor 100% 33,771
- Classified Personnel 65,256 Administrative Secretary 100%
~ Nuclear Technical Specialist II 100%
Nuclear Technical Specialist III 100% Radiochemist. 50%
- Maintenance and Operation 15,000 114,027 7
' T-
+
0 1 k'.. __l. _ _ . ... _ . - - - _1. m_m__.._o_}}