ML20006D046
| ML20006D046 | |
| Person / Time | |
|---|---|
| Site: | 05000606 |
| Issue date: | 06/30/1989 |
| From: | ARKANSAS TECH UNIV., RUSSELLVILLE, AR |
| To: | |
| References | |
| NUDOCS 9002120043 | |
| Download: ML20006D046 (14) | |
Text
m-7 7 -
z: -
um amm. mus uma amm u m. mum m umm - um um amm sam amm< :mmag w :msni sa wamme r
ac.- :,
- Q;. ~ ~ :=4'},.
a
- *'T
..\\
ARKANSAS: Tecs Univensiry Financial Report
- l g E C #
pJ',#
s 4
4-
%g
- s n Ts, - & p N
es a
on M
4e,_
p
[ hI
+
9,... s's m
W i
t y
/ y g%
For the Year Ended June 30,1989 fgg21ggggggggggpg e____________ ___~_ _ - --_ - _____,,: - _ -
_m 62 E10'Ot5'99$
8L*Lt6't9$
6 9L8'160'5E$
OB 9t0'80E*t$
68 911*1L6$
SL E6'Et*tS
. % 085'5%$
85 L20'EW'5$
SDN Gnf GM S3IlrIEfrVNJnt 92 t6t'5%'E$
+ $
tO tCL*96L'&$
08 910'00E't $
Lt*2EL'6063 SL E%'Et't$
t0198'T2$
L9 9tE't8t'S$
S D N G nt'NICL
~ EL-6Et *195'E
-O- 08 9 %*000't LL~2EL*d6 SL*E%'Et*t '
LO 190'9E ""IM P2B P810m t9 tCL'96L'OE
-O-W tCL'96L'E ~ auetd u; m samI w 85 8%'629'E. 85 8%'629'E M ETd' dDU
,- 00 000'00t't - -O- 00 000'00t*g migasb.o; am
.-O-
-O.
-O-7" W T m aMacq
? 60 894*tSt $
+ $ $
+$ $ $
-O-60 891'tSt $
WLT T ~6
- 385%
SDM Gnf 50 200'096't $
8t it6't9$
OL tm'10E't $
' O- $
21 *th't $ $
% EEL'8tE$
L6*t0L*tm $
wirIEfryNJnL OL 180't & 't OL t00't0E*v *Me%i 8Ptr8
%*CO6'09C ' + -O-21 lE0'282 21 E90'84 W WJiG
'08 vtS'19L 8t*LL6*L9 -O-29 465*6L SI W M 81 W 10 58E*t9t ZL 777't $ $
. cV 969'9E $
la E02'E2t $
- NS4381 N V S3IlrIEfrI 62 E1D*0tS'te$
~ 8t 116't96
% 9ts'lfo'5ES OB 910'00E't$
68 911'it6$
SL E%'22t't$
% 005'5%$
85 t20*E% '5$
SESV'NJOL
% 9ts'lLO'5E % 9ts'lLO'5E + -O-88D'M UDIS4f 89 55L'61 -
-O- ' 89 E L'6L
% PW43M OE-59E'682 ' 0--
.+
. CE 59C'682 88*NT 96*291*S25't -O-- to 2f6'590*L EL tE'89 61 684'tfE SMEAT M N I M W 46 629'9ES- -O-
-O-99 tC9't 02 566'625 W *iEE 62 t69'lb9'E SE 56L'? t9-621'tS2't 00 000'002 OE 99t't8t -
00 000'090'2 87 W i8883I OL 150*StE'E $.
EB t2t'LS$
9t-l E *95 - $
E2 2%'90LS EL t%*95 $
25 2Et'962$
EE 9t9'2Lt'2$
4AO N
_1rJat UPni J1sVM NI DO{Drks GDGIGO Gnf IETI G3rdLS3B -
EL 3IMING l
DEDf HM T 7t99N 97Ei JMH U2nf J1GHD 686L 'OC aune:.
IHVWOS 133HS 33NVIVE
, i'
.,,a
- m
=
AEKANSAS TECH UNIVERSITY RUSSELLVILLE, ARKANSAS BALANCE SHEET June 30, 1989 With Cocparative Figures at June 30, 1988 ASSETS CURFENT YEAR PRIOR YEAR LIABILITIES AND FUND BALANCES CURRENT YEAR PRIOR YEAR CURRENT FUNDS CURRENT FUNDS Unrestricted i
Unrestricted Cash
$2,172,416.33
$1,387,718.94 Key and Breakage Deposits 78,550.00
$ State Treasury-Regular 529,995.28 319,380.83 Room Deposit Liquidation 1,047.62 997.62 Investments 2,060,000.00 1,560,000.00 Dererred Revenue 78,863.42 143,% 5 58 Acct / Rec Students, Staff and Other Less Allowance of
($21,95n.49) in prior year
($28,776.40) in Current Year for Unco 11ectable Accounts 3?4,112.58 358,143.16 Accounts Payable Obligations 75,165.97 154,256.35 Accounts Receivable-Credit Memoranduns 67,064.61 35,515.07 Accounts Payable-Auxiliary Enterprises 45,175.12 Inventories at cost 289,365.30 264,660.90 Salaries Payable-Regular 2,902. 8 Deferred Charges 19,755.48 92,427.91 Fund Balance-Auxiliary Enterprises Accounts Receivable-Bookstore 4,787.68 Fund Balan e-Reserve for Repair &
39,397.00 39,397.00 Replacement Accounts Receivable-Academic Fund Balance-Reserve Operating Affairs 33.66 Budg,et 1,100,000.00 1,050,000.00 Accounts Receivable-Library 146.00 Fund Balance-Reserve for Acet/ Rec Auxiliary 334.081.35 334,081.35 Accounts Receivable-Cylinder Fund Balance-Reserve for Acct / Rec Daposit 312.00 312.00 Eoucational and General 78,289.74 78,289 74 Due from Unexpended Plant Fund Balance-Unappropriated-Education Funds and General 3,629,548.58 2,223,038.51 TOTAL-UNRESTRICTED
$5,463,021.58
$4,023,126.15 TOTAL-UNhESTRICTED
$5,463,c21.58
$4,023,126.15 RESTRICTED RESTFICTED Cash
$ 296,132.52
$ 193,491.53 Deferred Revenue
$ 282,037.'2
$ 218,031.29 Investments 181,166.30 181,166.30 Accounts Payable 36,696.42 856.43 Acccunts Receivable /
Ark. Jr. Science & Human.
26.96 880.28 Fund Balance 226,847.01 158,968.03
" ^
l
=
Y
.L.._.
s_
4
^
,% l S'
,?? ': *
. ~
r
+~ ~,
e r
i
- A
~
d n
g BALANCE SHEET CONTINUED ASSETS CURRENT YEAR PRIOR YEAR LIABILITIES AND FUND BALANCES CURRENT YEAR PRIOR YEAR RESTRICTED CONTINUED RESTRICTED CONTINUE 9 Accounts Receivable /USAED Mimrod l
Blue Mountain 3,869.22
$ Accounts Receivable /PELL Grants 14,286.73 j Accounts Receivable /AP&L uuclear Credi+ Memo 67.57 Accounts Receivable / Ark. Endewment for Humanities
-C-500.00 Accounts Receivable /AP&L Instrument 1
Res ponse 1,750.07 Accounts Receivable / Ark. Non-Game Urban Wild Habitat 59.69 j Accounts Receivable / Title III LSCA Inter!1 bra.y 5,013.89
-U-Accounts Receivable / Title II Vo-Tech Micro-Training 6,219.08 Accounts Receivable /USDA Study to Improve Vegetation 5,229.11 Accounts Receivable /RESE-Detex and Generative Products.
33,577.05 TOTAL-RcSTRICTED
$ 545,580.55
$ 377,855.75 TOTAL-RESTRICTED
$ 545,580.55
$ 3~7,855.75 TOTAL-CURRENT FUNDS
$6,008,602.13
$c,400,981.90 TOTAL-CUBRENT FUNDS
$t,008,602.13
$4,400,981 90 LOAY FUNDS LOAN FUNDS Cash 56,551.71 55,080.96 rund Balance
$1,122,543.75
$1,100,834.25 Notes Receivable 1,065,992.04 1,045,753.29 TOTAL-iCAN FUNDS
$1,122,543.75 11,100,834.25 TOTAL-LOAN FUNDS
$1,122,543.75 31,100,834.25 PLANT FUNDS PLANT FbNDS Cash in Bank-Unexpended Plant Funds-Deferred Maint. MCF 4,328.46 15,114.98 Accounts Payable Cash in Bank-Housing Repair &
Renovation 43,968.73 165,779.13 Major Maint. & Renovations 44.0* State Treasury-Appropriation-Additional In?t. Equipment 51.18 18 Building Deferred Maintenance 1,781.90 Stat e Treasury-Appro.-Deferred Maint.
877 of 1985 4.13 4.13 System Scien e Building 70.44 817.44 1
.ma man.. sum ~ ===
sus ses :a m :==; aus: aus- = =.
- ~ ~
~
ie a
BALANCE SHEET CONTINUED
- m. -
ASSETS CURRENT YEAR PRIOR YEAR LIABILITIES AND FUND BALANCES-CURRENT YEAR
. PRIOR YEAR-FLANT FUNDS PLANT FUNDS State Treasury-Appro.-Library Arrearages 41.67
$^
4.30 Housing Repair & Renovation $
1,330.24
$- State Treasury-System Science Building 4,537.68 184,228.24 Unexpended F6nd Balance 909,732.17
'1,684,809.15
' Cash in Bank-Computer Software 116,012.86 262,176.80 Cash In Bank - Unexper.ded Plant.
Campus Heat, Vent., Air Cond. 1,132.00 y
Cash in Bank-Major Maintenance-Asbestos 2,402.23 67,581.73 Cash in Bank-Major Repair &
Rencvations 140,C42.58 200,000.00 Cash in Bank-Unexpended-1st National Bank of Russellville 200,000.00 400,000.00 Cash in Bank-Unexpended-Plant-Motor Vehicle 41,387.00 Cash in Bank-Cafeterh-Repairs and Renovations 150,000.00 150,000.00 Cash in Bank-Engineering Labor Maint.
Equipment 49,287.37 Investments-Certificate of Deposit 200,000.00 200,000.00 TOTAL-UNEXPENDED PLANT FUNDS
$. 911,176.89
$1,687,408.49 TOTAL-UNEXPENDED PLANT F'mDS
$.911,176.89
$1,687,408.49 EENEWAL AND REPLACEMENI RENEWAL AND REPLACEMENT Cash 51.843 98 43,069.90 Fund Balance
$ 441,755.21
$ 437,304.59 Investments 389,911.23 394,234.69 TOTAL-RENEWAL AND REPLACEMENT
$ 441,755.21
$. 437,304.59 TOTAL-FENEWAL & REPLACEMENT
$ 441,755.21
$! 437,3C,.59 DEBT RETIREMENT DEBT RETIREMENT Cash 4.443.18 3,097.51 Fund Balance 866,261'.59
$ 841,379.25 Investments 861,818.41 838,281.74 TOTAL-DEBT RETIREMENT
$ 866,261.59
$ 841,379.25 TOTAL-DEBT RETIREMENT -
$ 866,261.59 841,379.25 INVESTED IN PLANT INVESTED IN PLANT-Land
~
$ 118.157.00 43,157.00 Notes Payable-Capital Lease Obligation JPostage Meter).
2,081.70 2,970.94J
~
.-i.--
w-r, M --
u---
+------'AA
-w' * ** * " "
~"-H*-
" ' ' ' ~ ' - ^ ~ - -
w.-.ma-n..
.B
-, M I
g';g g_ j
- . 9_
g 7. g, M-73;('g
'M g
-g ;; g 3. g - - g ? f: g [ g ; i g ; j-.
gb.
f,
+. 4.g. - x
- :q
' '3y g...
~
m.
-t -- -
- n - g m
p_.
7
, 4 l
BALANCE EHEET CCf.TINUED
- 1 i
. ASSETS CURhENT YEAR
' PRIOR' YEAR
' LIABILITIES AND FUND BALANCES CURFENT YEAR PRIOR YEAR INVESTED IN PLANT CONTINUED INVESTED IN PLANT CONTINUED Buildings.
$22,622,850.94
$22,436,473.15' Bonds Payable
$ 4,299,000,00-"
$ 4,629,000.00; 4
- Improvements 1,690,882,80 1,596,063.89' Net Invested in Plant 30,796,734.841.29,068,782.23
~ I Equipment
-8,044,728.47 7,211,713.63-Library
- 2,552,382.33 2,356,035.50
-l Livestoct-68,825.00 57,310.00
$33,700,753.17' TOTAL-INVESTED IN PLANT
$35,097,816.54.
$33,700,753.17 -
TOTAL-INVESTED IN PLANT
$35,097,816.54
' TOTAL-PLANT FUNDS
$37,317,010.23
$36,666,845.50 TOTAL 4 PLANT FUNDS
'$37,317,010.23
$36,666,845.50' AGENCY FUNDS AGENCY FUNDS Cash 57,121.83 41,618.62 Deposit held in custody
'61,917 18
-46,204.40 --
(
Investments 4,795.35-4,585.78 for other
'1 I
TOTAL-AGENCY FUNDS 61,917.18 46,204.40 TOTAL-AGENCY FUNDS 61,917.18' 46,204.40' i
TOTAL-ASSETS
$44,510,073.29
$42,214,866.05 TOTAL-LIABILITIES & FUND BALANCES
$44,510,073.29 $42,214,866.05
- j 1
l
~
n e
e e
r.wi..-w-p---%.
wwass.aq
+
eu, as-g._,-
--.a--.
- -- - - - - - - - i.i*u mm=.w'e-'--'2'
3,
?"
- BB%E@@ ~@@
I@ @ @ N. 8 9 8 7 S R' 9 -
.88
% % %NNNN NI NW 3
[g ;% % %
~
~
%Raag E8%
Ramtagtigi i ia E
=-
g-3 a-g.
=-
m
.B80 san ace Rmonnsss$s B 8 5 5
NNNNNN NNN NNNNNNNNIN h_
dI N
initti int iiiiiiiini i nA s
=
d et Ga et a
gg a
- a ei p
W
@@Ei i%
@4@@@$A9 &
S d
ME@. 5. N -
R E. M V N N N N N
@$RA $N
@ @ 8 A $ 0 *' I $ $
=
8 a
ig a
g B
58 884 %R@
4888@ R882 9 8 5 5'
NR E@A B55 k#$$$$sdid S$2BRM N
i i N
si a
N 8
iYAN i AA e
2 ma m
a,
- 3 e
e h
4 8 8 A 8 8 5 R
N i d -N e
=
-l 5 %%
i i n*
2 m Q Q ci e
.0 g
m E y g
4$$
$ 4 e
-@ @h
- a B RS
$ #) k j 4 44 N N g g.
3 3
4 49 W
W 8 5 R
wl3I S
4 4$
N N 44k e
g s ta s a an a
w e gg m
e s aa E
- t. n a
'b B88859
- ES R Rj G A A ss R $
5 8 5 5 5' (48.28E esq au s.gMa.k g
mE E$
s
. l mum
,e
.e
- --~
g g
E 8
$99 8 8 G8B8AAA9 1 8 b
h b
k
.... N.
N.
J
=
p l 4 ama ss sm8m*="5 s
-1 d
4 66 4
6 5
b B
BB 889
$R$
mW888;R88 A
8 5 55 b
NN NNN, NNN NNNNNNNNI N
N N.
N. N.
a sg a
g$
m" N O:$$$ @k O
R R u-d_
]
G-59 -N t
as ee a
- e S
E E e
3 5
S S nR i
u 18a3 ! mhi 1 3
ijj_j j
jp 5
e 1 jalb j*l a eE3 udh imt 5
s a
1 Itj!!
I lianig 8
j w
gf 5 5. 5
]
lffii!!
bkl I
E ~ ' E...'
m :. : E E :iE,e E
E' -E2 ~E E
m:.E El m fm! W m: g.?
E..
StD9?ARY STATEMENT OF CURRENT FUND REVENUES, EXPENDITURES, AND OTHER CHANGES Year Ended June 30, 1989 With Coreparative Figures for.1988 sTsrmTIalAL & ONPA AUKI12ARY GRfJD 1UDIL 19tR-aB tfEESIBICIID RESTRICIID 1UTAL INESEICIID RESTRICIID Total-INE5UUC11D RESIBIC E ' 1UTAL ~-
1UTAL
' 011D TRIJGUt3 fJD ATOITIOGTHUCTIDG JUNTI!HD -
.]
Other Additicos cralited directly to thurm-lated.
$ 206,772.45 - $ '71,460.66 $ 278,196.11
. $ 32,027.63. $
$ 32,G7.63 $ 238,763.0B 71,460.66 $ ' 310,223.74 - $ 194,085.57 :
GM Dedteticre cfertpi dinctly 3,581.68) (
95,8%.23)
(
21,081.91)
(. 21,T1.91)(
113,34.46) ( --
3,581.68)(
.116,928.14)(
2M,228.07) :
to I W.ated
(
92,264.55) (
PET IWMJE IN RfD BnUNE
$ 1,603,1(A.86 $ 67,878.98 $ 1,671,045.84
.o.
$ $ 1,603,166.86
$ 67,878.98 $ 1,671,045.84 $ 547,847.62 See W_rg tbtes to Pirancial Stateents 8
-.w.._-+rr.-.
= = * - -
- - - - " " " ' - ~ ~ ~
~ ~ - - ' ' ~ ~ " ' ~ ~
g M
.M.
E E-
' ' ~ ~ "
..; E. E j E _:: E ;E - !E4lE-E E '.E[
x
~ :g ~
STATEMENT OF CHANCES IN FUND BALANCES For The Fiscal Year Ended June 30, 1989 0.FRD.T PJE IUST PJ M mnTIOW.
Al%RDSi
& G3STL
. DEEPPRUES PDUCL &
IETUDOT T. IICE53D AG2CY.
ICEUS A'O CDD t@ITIOS UMSI1tICTED tht2aruuw PESI11ImD LOAN PJZS if0GUHD IU1AGNIE N IN PIRE PJUS FL-ve u-s
$16,930,325.05 $3,657,286.62 $2,705,621.14 $
$. 270,025.31 Inves*eent Cafns & Inacre M,964.89 72,G33.53 Intemst m trans Beeivable 20,711.58 U.S. Govem ent Atrances 22,853.00 58,581.C0 -
Dgedd Tcr plant facilities Betirrent of Irdebtedness 330,0]o.00 Other fdiiticr:s 206,735.45 3?,027.63 71,W0.66 4,129.47 531, % 1.00
- 279,144.06 1.514,791.50 1 CIA!ACHUS & UnD fiOITIOG
$17,107,060.50 $3,689,314.25 $2,777,21.80 $ 47,704.M $ 531,961.00 $ M,964.89 $ 410,405 59 $ 1,844,791.50 $ 270,025.31 ~
DGEDILHES & CDUt IDrrIGG Domditures
$14,804,(83.67
$3,625,814."15 $2.705,621.14 tan can&llatims & witedrs 9,204.81 A&:inistrative & collection costs 17,809.06 Emer*d fcr plant.*acilities Betirwent er Indebtedress 330,030.00 Interest & Fes m Irdettediess 229,024.24 Other Didctims 9?,264.55 21,081.91 $
3,581. 2 1,521.01 1,432,037.93 32,514.27 3'.8,321.69 116,8B.89 254,312.53 TJrLDGEDITJES & Onst ICICTI0rs
$14,896,948.22 $3,646,896.66 $2,709,202.82 $ 33,534. 8 $1,432,037.93 $ 32,514.27 $ 907,36.93 $ 116,833.89 $ 254,312.53 -
TEAU B A*0GFUIS
.ht ry Princi;nl and Interest
(
226,609.31) ( 295,213.37) 521,822.68
!D1 mte. irs
(
2,540.33) 2,54.33 th>&ndatcry 4 ;,
E:izaticial & Cewrel to Auxiliary
(
252,795.78) 252,795.78 Urexpe red I". ant Parfs
(
125,000.00) 125,000.00 Or-Trt Operatirs Bmt-t 291,938.00 33,206.00 CL-Tet Operstirs BN
(
291,918.00) (
33,2J6.00)
+
1CT&TPEUERS IEtG FUIS
($ 606,9 6.42) ($ 42,417.59) $
2,540.33 $ 125,000.00 $
$ ~ 521,822.68
~
!Er I!WMfdE PJR I!E ITAR
$ 1,603,166.66 $ $ - 67,878.98 $
21,709.50 ($ 775,076.9D $
4,450.62 $ 24,82.34
$ 1,727,952.61 $ 15,712.73 FUD P.4EE AT BECDZCG T YEAR 2.026,381.72 $
--o-
- $ 158,9B.03 $ 1,100,834.25 $ 1,684,809.15 $ 437,304.59 $ 841,379.25
$29.093,782.23 46,206.40 PJD BAIEE AT DD T YEAR
$ 3,ti29,5,8.58
$ $ 226,847.01 $ 1,122,543.75 $ 913,732.17 $ 441,755.21 $ ee6,26159
$30,795,75. 84 ' $ 61,917.18 a
m.
.o3d---.-sa-P*'W+'
-"^""^-*#'
E '.U E LE s EE E: E:
.E' Ep. E ? E1 E E'
E'. E E, EM
,4s y.,-
ARKANSAS TECH UNIVERSITY NOTES TO FINANCIAL STATENENTS June 30, 1989 (1).. Summary of Significant Accounting Policies Basic Accounting The University employs the modified accrual basis of accounting for bookkeeping and financial statement preparation purposes.
Inventories A physical inventory of the bookstore is taken as of June 30 at retail price. ' The total retail value to cost and is reflected as such on the financial statements.
A physical inventory of livestock maintained by the University farm is taken as of June 30. - The livestock inventory is reported at current market value, as appraised by a specialist with the Agricultural Extension Service.
Fixed Assets Property, plant and equipment belonging to the University are accounted for at cost and are reflected at that valhe in the accompanying statements. The University does not provide for depreciation of plant and equipment.
(2)
Retirement Plan Employees of the University participates in one of three retirement systems - (1) TIAA/CREF, (2) Arkansas Public Employees Retirement System, or (3) Arkansas Teacher Retirement System. Two of the plans are administered by agencies of the State of Arkansas with no statutory obligations imposed upon the University relative to the operation of the systems other than payment of matching funds based on the gross salaries of employees participating in the systems. The TIAA/CREF plan is available in most institutions of higher education throughout the United States.
It:is administered by the Teachers Insurance and Annuity Association with home offices in New York. As presently. constituted, none of the three plans have a legal basis for claim against the University relative to the adequacy of contributions to the plans or the actuarial soundness of the plans.
(3)
Investments Investments consist of Certificates of Deposits and interest bearing time and demand deposit accounts in federally insured commercial banks or savings and loan association. The maturities of the certificates and other time deposits do not exceed six month from date of investment.
At June 30, 1989, the invested funds were earning interest at rates ranging from 7.05% to 8.837L Funds deposited in excess of federal insurance limits ($100,000) are secured by the pledge of U. S. Government securities.
(4)
Arkansas Tech University Endowment and Trust Fund, Inc.
The University is the beneficiary of financial and other support from the ATU Endowment and Trust Fund, Inc. The fund is a separately--
incorporated entity which in accordance with its Articles and By-Laws is governed by a Board of Directors different from that of the University.
The financial statements of the ATU Endowment and Trust Fund, Inc., are not reflected in the accompanying financial statements of the University.
At June 30, 1969, the Fund's financial statements reflected total assets of $780,341.36 consisting primarily of cash deposited in interest bearing accounts.
y
..y
^
g) [
^
& : ; g ; '_
q.
- q
- ;
j g-
- q f
- q ;}<
,.. m
, ' +.
g.,
STATEMENT OF BONDED DEBT For The Fiscal Year Ended June 30, 1989 4
(1) - 1963 - Arkansas Polytecnnic College General Obligation Building Bonds
$833,000 @ 3%, 31%, 31%, Interest - 30 years, April 1
~
Purpose:
To construct cafeteria.and infirmaryJ
'l Amount Outstanding: $251,000.00
-(2) 1964 - Arkansas Polytechnic College -. Housing System Bonds Series - A (1957)
$420,000 @ 2-7/8% Interest - 30 years, October 1
Purpose:
To construct Student Center and Turrentine Apartments (E)
Amount outstanding: $120,000.00 Series - B (1958)
$256,000 @ 3% Interest - 32 years, October 1
Purpose:
To construct Dulaney Hall Amount Outstanding: $90,000.00 Series - C (1959)
$317,000 @ 2 7/8% Interest - 35 years, October 1
Purpose:
To construct Massie Hall Amount Outstanding: $139,000.00 Series - D (1961)
$516,000 @ 3}% Interest - 37 years, October 1
Purpose:
To construct Brown Hall Amount Outstanding: $266,000.00 Series - E (1961)
$272,000 @ 3 3/8% Interest - 37 years, October 1 Purcose: To construct four buildings for married students (Freeman)
Amount Outstanding: $135,000.00 Series - F (1963)
$348,000 @ 3 3/8% Interest - 30 years, October'1
Purpose:
To construct Roush Hall Amount Outstanding: $186,000.00 Series - G (1963)
$1,010,000 @ 3 3/4% Interest - 40 years, October 1
Purpose:
To construct an addition to the Student Center, to construct Turner Hall and three buildings for married students (Freeman)
Amount Outstanding: $693,000.00 L
b {F e--
c-w v..,r.
9 9
9 4
4-g
,a n
__g
___g____
g g
g
l
..a i
STATEMENT OF BONDED DEBT CONTINUED (3) 1965 - Arkansas Polytechnic College Dormitory Bonds
$1,630,000 @ 3% Interest - 40 years, October 1
Purpose:
To construct Paine Hall and Jones Hall Amount Outstanding: $929,000.00 1971 - Arkansas Polytechnic College Housing System Refunding Bords (4)
$289,000 @ 5%, 51% and 5 3/4% Interest - 20 years, Octobar 1
Purpose:
To refund Housing System Temporary Bonds dated 6-15-69 used to remodel Wilson Hall Amount Outstanding: $63,000.00 (5) 1971 - Arkansas Polytechnic College Refunding Athletic and Recreational Facility Bonds
$286,000 @ 41% and 5% Interest - 25 years. October 1
Purpose:
To refund Athletic and Recreational Facilities Temporary Bonds dated 7-01-69 used to construct and remodel athletic and recreational facilities Amount Outstanding: $177,000.00 H
(6) 1970 - Arkansas Polytechnic College General Obligation Building Bonds
$1,299,000 @ 7i%, 6 7/8% and 7% Interest - 30 years, October 1
Purpose:
To construct and equip Arts and Humanities Building Amount Outstanding: $575,000.00 l
(7) 1970 - Arkansas Polytechnic College General Obligation Building Bonds
$1,127,000 @ 73%, 6 7/8% and 7% Interest - 30 years, October 1
Purpose:
To construct the Physical Education Building Amount Outstanding: $562,000.00 (8) 1972 - Arkansas Polytechnic College Building Bonds i
$370,000 @ 41%, 5 1/5% and Si% Interest - 20 years, October 1
)
Purpose:
To construct Crabaugh Hall Amount Outstanding: $113,000.00 Total Outstanding:
$4,299,000.00 ARKANSAS TECH UNIVERSITY HAS NEVER DEFAULTED OR POSTPONED A PAYMENT OF INTEREST OR PRINCIPLE WHEN DUE.
s
j1 W y;
~
j f
~.?
n
- W
?
J
_W 22 78 1
4 0
8 0
3 3
1 1 0 1
0 0
5 4
3 0
861 W
67 8
6 2
2 7
3 6
51 1 E
55 5
8 7
8 3
3 9
870 S
8, 4, 0,
6, 2,
9 b,
2, 4,
1, 3, 5,
-0 LN AE 1 3 0
6 5
7 8
6 0
983 TP 5
2 1
1 2
1 2
1 31 OX TE W
)
0 0
0 0
0 0
0 000 O
0 0
0 0
0 0
0 0
0 0
0 0
1 27 IC 5
5 3
0 0
0 0
1 26 00 7,
2, 4,
8, 0,
5, 0,
5, 0, 7, LI 0
PVS PPE 3
1 2
2 3
2 3
251 UER SS(
98 9
S 1
T 91 6
9 0
8 0
3 3
1 31 04 5
1 0
3 0
1 1
863 N
E 0
M 3
SST 1 1 1
7 0
4 0
8 3
372 Y
EES 79 8
2 5
5 9
0 6
986 I CE A
e P
n LIR 3, 6 7,
9 8,
1, 5,
7, 4,
1, 3, 0, 0
PVE 0
2 2
4 9
4 6
745 u
PRT E
J 1
1 C
UEN I
d SSI V
e R
d E
n S
E T
r B
a 00 0
0 0
0 0
0 0
'000
)
D Y
T 0
0 0
0 0
0 0
000 00 E
e W
E 00 0
0 0
0 0
0 0
000 L
R 55 0
0 0
0 0
0 0
505 F
l AY c
TAT 2, 7 5,
5, 0,
0, 0,
0, 0,
4, 9, 6, O
a 0
E s
ILB 1 2 3
4 0
1 6
9 1
986 PTE 4
1 1
1 1
1 1
L i
U F
AUD D
CO(
W E
e H
h C
T S
r 87 5
5 0
0 0
0 0
091 o
06 5
8 0
2 4
2 9
098 F
GS 55 6
8 2
8 7
5 2
1 1 1 NT 31 2
2 2
4 2
3 362 0
INS 2
YEE AGE PAF
)
W evo b
s a
dn aG o
i
~
B rs ee ti g
er d
fe l
aS B
C n m
)
)
n e
4, di W
o t
5 l
2 3
)
Od i
s
)%
t y
(
e nd 2,
7 a)
S 5
)
g%)
7 E
2)%
ou i5%
g
%9 l
(
1
(
5 nA B
C D
E(
F G
41 sc l 7. 2 b
i r
t r5(
d n O3 sse p
s s
s s.
s se(
nI 96 uet A
el e
e es e et o(
l((
oin il i l i
i t i
inmt B
N a
Hre e
ra rl rl rp rl rerp l
O ray eC n
eH ea el eA el eCoA gl I
eir dS i
S SH Sa S
Sa S
D na T
nra n
t t
y H
n H
t n
iH P
eem E) n n
)
)
)
a
)
)
nra d
e e
)
I Gt r 7e e 8n 9i 1 n 1 m 2h 4 eem nz R
ei n5d r
5a 5s 6 w 6 e 6 s 6d ne ut C
Cff e9u r
9l 9s 9o 9e 9u 9ure fi S
P an p1 t u
1 u 1 a 1 r 1 r 1 o 1 t ur er E
ACI o( S T
(D STF RC M
B F
( R
(
(
(
(
D E
3 4
4 T
6 6
6 A
9 9
9 D
1 1
1
.g.
g g :g.
.g
~
~
g,- g
- 1
,n
.,, y:
e SCHEDULE OF DEBT SERVICE PAYMEATS For The Fiscal Year Ended June 30, 1989 PAYING CAPITAL SUPPLIES &
SUPPLIES &
AGENTS OUTLAY SEBVICES SFPVICES TOTAL DATE DESCRIPTION FEES (DEBT PET.I ItTTEPEST
-(RES. PEO.1 EXPENSE 1955 Project CH-AEK 81 (d)
Paine Hall (57%)
99.75
$ 25,650.00
$ 16,270.65 3 5,130.00
$ 47,150.40 Jones Hall (43%)
75.25 19,350.00 12,274.35 3,870.00 35, % 9.60 1971 Housing Systen: Improvemant Perr.anent Bonds Wilson Hall Project 42.80 19,000.00 4,168.75 23,211.55 1971 Athletic & Recreational Facilities 29.25 8,000.00 9.050.00 17,079.25 1970 Physical Education Complex 108.45 37,000.00 19,617.87 56,726.32 1970 Arts & Humanities Building 121.05 43,000.00 20,064.72 63.185.77 1972 Crabaugh Building 55.00 24,000.00 3,107.50 27,162.50 TOTAL
$1,088.20
$330,000.00
$153,734.48
$37,000.00
$521,822.68 INTEREST SUBSIDY GRANT Amount Applied Total Received Balance to be appliad 1989-90 FT.
- 1970 Physical Education Cor plex Less: Intenst Subsidy Grant
($20,890.44)
$25,541.00
$ 4,650.%
1970 Arts and Humanities Less: Interest Subsidy Grant
( 21,543.62) 27,575.00 6,031.38 1972 Crabaugh Building Less: Interest Subsidy Grant
( 3,767.50) 5,465.00 1,697.50
($46,201.56)
$58,581.00
$12.379.44
_,