ML20245B445
| ML20245B445 | |
| Person / Time | |
|---|---|
| Site: | North Carolina State University |
| Issue date: | 06/30/1988 |
| From: | Geoffrey Miller, Poulton B North Carolina State University, RALEIGH, NC |
| To: | Alexander Adams NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM), Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8904260112 | |
| Download: ML20245B445 (37) | |
Text
{{#Wiki_filter:;. .
,s%
FINANCIAL a 1 REPORT YM\ Year Ended , June 30,1988 X l 1 I
~
l{ ~b A ~ g ,. . I I 1b. [a
~~^"
W"na!! I giaggig PNU; Z l Z l
- __ i North Carolina State University l l
________________ _ - - 0
i pi n ( ' 1 North Carolina State University At Raleigh : l l Financial Report Year Ended June 30,1988 l 1 l
Lq ,'f ,- NORTH CAROLINA STATE UNIVERSITY AT RALEIGH l OFFICERS OF ADMINISTRATION j 4 L THE UNIVERSITY OF NORTH CAROLINA GENERAL ADMINISTRATION L l-C. D, S pangler, J r. . . . , , . . . . . . . . . . . . . . . . . . . ,. ... . . . .. ... ...... . . . . . . President L. Felix Joyner . . . . . . . .. ...... ..... .. . ........ . . . .. . Vice President-Finance THE BOARD OF TRUSTEES NORTH CAROLINA STATE UNIVERSITY AT RALElGH l Edward I. Weisiger . .. . . .. .. . .. ...... .... .. . .. Charlotte, North Carolina William L. Burns, Jr. , .. . . .. . . . . .. .. ... . . . . . . Durham, North Carolir.a l- Wallace J. Conner . ......... ..... ....... . . .. . ... . . Newport. North Carolina Alan T. Dickson .. .. . . .. . . .. . . ... . .. .. Charlotte. North Carolina Troy A. Doby, Sr. . . . . , .. .. . . . . ... . . .... . . .. .. . Raleigh, North Carolina
, John N. Gregg .. .. . .. .... . . . .... ..... .. ..... . . St. Davids, Pennsylvania Daniel C. Gunter . . . . . .. .. ..... .. ....... .. .... .. . .. ... . . Gastonia, North Carolina '
Elizabeth B. Lee . . . . . . . ........... ..... . .. .. .. .. ... . . . . . . Lumberton. North Carolina Clarence Lightner , , . .... .. .... . . . . .... . .. .. .. .. .. . Raleigh, North Carolina Gerald H. Long . .... . ... . . .. . . . . . . . . . . Clemmons, North Carolina C. Richaro Vaughn . ... . ... .. .. .. .. . . .. .... .. ... . . . . Mount Airy, North Carolina
- Edgar S. Woolard. Jr. . . ... . ... .. . ...... .... ... .. . .. . .. . . . .Wilmington, Delaware Pamela J. Powell (Ex Officio) . . . . . . . . . ... .. .. . . . . . . . . . Cary, North Carolina OFFICERS OF ADMINISTRATION NORTH CAROLINA STATE UNIVERSITY AT RALEIGH Bruce R. Poulton . . . .. , .. . . . .. . . . . . . Chancellor Nash N. Winstead . .. . . . . .. .. . .. . . Provost and Vice Chancellor Franklin D. Hart .. .. . .. . .. . . .. . .. . Vice Chancellor for Research Thomas H. Stafford . .. . .. .. . . .. . .. .. Vice Chancellor for Student Affairs j George Worsley . ...... . .. . .. .. . . . Vice Chancellor for Finrnce and Business I W. L. Turner . . . . . .. .. , . ,. . . Vice Chancellor for Extension anc Public Service !
John T. Kanipe, Jr. . . . . . ... . . .. . . Vice Chancellor for Development Albert B. Lanier, Jr. . . . . . .. . .. . . .Vice Chancellor for University Relations Debra Stewart . . . . . .. ... ... ... . . Vice Provost and Dean of the Graduate School D. F. Bateman .. . .. . .. . Dean. College of Agriculture and Life Sciences Deborah Dalton . . ... . . ... . Interim Dean. School of Design Carl J. Dolce . . . . . . .... ... .. . Dean. College of Education and Psychology Larry K. Monteith . . . .. . ... . .. . .. . Dean, College of Engineering Eric L. Ellwood . . .. . . .. .. . .. .. .. . Dean, College of Forest Resources William B. Toole. Ill . . . . . .. ... . . Dean, College of Humanities and Social Sciences Leslie B. Sims , .. .. Interim Dean, CoHege of Physical and Mathematical Sciences I Robert A. Barnhardt . . .. . .. . . .. .. .. . . Dean. College of Textiles Terrence M. Curtin . . . . . . . . .... . . . . Dean, College of Veterinary Medicine 2
( TABLE OF CONTENTS 1 l-LETTERS OF TRANSMITTAL Page Chancellor ... .. . .. ... ... . .. .. .. . .... . . . . . .. . . .. . 5 Vice Chancellor for Finance and Business . . . ... . . . . . . ..... . . ... . .. . ..... .7 CHARTS Statistical Highlights: Enrollment .. .... .. ... .. . .. .. . .. , , .. . . . . .. . . .. 9 Current Funds Revenues. Expenditures and Other Changes . .. .. . . 10 l The 1987-88 North Carolina State University Current Operating Dollar: Sources of Current Revenues .. . .... .. . . . . .. .. . . .. 11 Purposes of Expenditures for Current Operations . . .... .. . .. . ... . . . . 12 Objects of Expenditures for Current Operations .. .. . .. .... .. . . . 13 PRIMARY FINANCIAL STATEMENTS - Balance Sheet . . , .. .... .. . .. . . .... .. . .. .. . 14 Statement of Changes in Fund Balances ., .. .. . . . .. . . . ... 16 Statement of Current Funds Revenues, Expenditures, and Other Changes . .. . . , , 18 Notes to the Financial Statements . .. . ... . .. . .. ... 20 SUPPLEMENTAL DATA l Statement of Expenditures by Purpose . . . . . . .. . . 26 Statement of Expenditures by Purpose and Category of Expense .. .. . . . . . 27 Five Year Comparative Statement of Auxiliary Enterprise Expenditures . .. . . 28 Statement of indebtedness ' . . . .. . . . . . . . .. 29 ; State Appropriations for Capitalimprovements . .. .. . . . 31 l Statement of Plant investment . . . . .. . . . 32 l 3 _________-_-___0
i i
,.,._.,y7 g.r m w?]
li
,j' s-h-4
.k.
m 4 g
;., 4%
n [ h N, N. hb ;7
, .hy, o ah '
8hfu < Wi . ' J. f j. L ,./* y-j$ ' + ' f:{j' .x
%k '
1g *
?
ne
- f,Gk $$' P. '
ey4 0- . "[, , j
)
f' L% .. ,.* ,
$# ' D.k' . _ . l . ,;{
_ $ + bq~ ' L
' %* O '
g; Q3,ygg "Q,9[hj(*I
' hh 60 as.s4 ~
The Precision Ertgmeenng Center, headed by Dr Thomas A, Dow, occupies the ground floor of the new research building (ocated on Centennial Campus. The buildsng is the first facility constructed on the new 90Sacre campus. rw;.. ,g , yny??WT?? e
;a ; -:3 gppg
, 4 n: -
?
i
-v :[:):
t - R' N ., W ye ,.
+
n of
; $, , . * .k' R.a - 3.
z '^
' 4/ ./
,lL y
,, s 3 ' l.h. ,
' A n.
-' g.l .gj gm-f_ _
.:.&T((
pr c '};w
~
( n::3
.c h ~%iglMA ~m f .QG ; ; ~. .
- u. .
a. f h {'gh% ' - $5h f (( 3i 'N p
.s
%y;-f., ;
f% Ws _
;NY,
.V
l- - s ;t
-y ^
. F
*,.t =
. h . g]~y;,
~
4, j . --
\l c
Q% :?@" ,
- -3 > N . yg; f
p@.. v%9w:
%.g
/
.:. +,.r, a ? ti .
}'
.' , ,Wa..3m . m e.g 4
uggGf.y -f*N' g > .. '. P p , y;, g / - e s. - ' ~ Qi!2M2n ' ggg;;gwaW, s 3 fnside a Precision Engineenng lab. Or Dow (nght) operates a diamond turning machine used to cut and finish metal, ceramic, schcon, and other hard surfaces Assistmg Or, Dow are students (left to nght) Gwen Clark, E i rabeth Smith, Ken Garrard, and Michael Luh 4 l
gpepp~gq7p u> "
+ -
m s m ; w x . a a ; s : a .+ - . , ,,
. a;a . . . . ~
.. L. . .sa.
e, n $g] E1 p.
#j f$,h, p;l 3 8)M x. _ !! -
North Carolina State University 0-p r c 5 ?f.U; Office of the Chancellor Box pxn. Raleigh 276 9ppxn { b ]?,{ a1 a 099) 737-n9:
.f i t:'.
.a y rr November 1, 1988 p n1 b. . .. dia
.[fh (l. b[n r.. d,1 ( h-
};j
((h'/[i f. ,: WJ k ,
'l::t tit, q
,' e 3,
s g 4, Y i Mr. Edward I. Weisiger, Chairman [s The Board of Trustres k s. North Carolina State University I ? b.l. Charlotte, North Carolina P ' i ' / c. d
Dear Mr. Weisiger:
E 4~ F m
-1 It is a pleasure to transmit the Annual Financial Report of ,
9'a North Carolina State University for the fiscal year ended f
; June 30, 1988. ;:j ,
e C.k i: y
-{ Sincerely, o r
,i
- 3. . Bruce R. Poulton C Y' g
Chancellor V
- r. i
. ;+
s f i
. :(
}
p .- 4 (..
.4-
)
North Carolina State University is a Land-Grant University and a constituent institution of The University of North Carolma. ,
)
ja diedO;:m : 'M , s _ .:_... _m
1
. ,. 1
. l i
g b 4 i Q% g 19y% h ' ' e . Nk 1, .
'4-A
> g '
l"f , 3:
~
4 ,e;
'- N <
.s 4 -
J 3
- [k s
'~
')
*[ *
/
4 Q* [,.}.
-l ,; ',y
[;j y, .y g4;
.c w
' ir; z I
;l !
h
. 9% G:j J
? s Mp. C ;,,,. . . ' i' OWQ3 -
t
* ]g
.jp$gh' 4QlGs54
.y _ 1 i ' (;
' 1 l y
Jr . s i j{ '~s*Gw%.,; 3 i .g , %
~M* ?
%, Y*
! g ,
cy L; , l
.p4. it y ,
s m%yuthQ f-
- 4
.,M f}*rg;fy-Q3 - l'
_ bgl;g%g' 2-
.V b
L h-gI . wh. 4 4rW':* l ;M l m,
+$j S;
?g;(f3Yf;]"[i f**$pe ]fhf%Q/N*)fl6l:bQQQQ i ' l 0 fsik:$q-a?g;;m .f:pp;7 Qq f .
...g Q.')Q.
Mefiej. %.Z,e..i;; 2 9 .., TA[ % '.R g;g~woN,.;g;; + rl 4g'*% % Q f~, w3 h wputur,s
*WlQ. Q ,,-
'"" M44 & - .% g.f vM9.j--+
Turning the first thovel of dirt for the new Textile Complex ground breaking is ChanceHor Poutton. Looking on (at left) are Dean Erneritus Dame Hamby and Dr. Robert Barnharct the current dean. The CoHege of Textiles will be the hrst major academic unit to locate on the Centennial Campus. y
?
,m
%\ ** !. *%
?
k.f
- a
~ ;
r m, 'b v.. }
. f;
- .6 k
e [, _
..' &m, , m$ ,
p% JQ ll h{: ' zpon ,M[k
.g I;" ENC.7, ';.0 t . .h
.r v
o '
.cle e f,g l '.x;; ;,' a j.,y . -
L(_ '
?
.y rlul.N Y
i1 rg~r , ,,&Y
. , s~" m; m;:ua,,,q.gyy Dr Nobert A Barnharog, yean, Coneg, gf 7extiles, toog, Over 8 Scale rnog g ** Textile 8 Co'npfex.
6
QPSWMMXBMkduw1 h aau; n a,g a. n l
, n n/
T" ? North' Carolina State University p I :
? Oj i Vice Chancellor
' Office of Finance and Business I 1.]1
.. ,, [}
p g"d Box 7201 y> fj Raleigh 27667201 p
- g . j; d October 31, 1988 6 y g dm E'
~
p ' Chancellor Bruce R. Poulton 11. - h North Carolina State University N e Raleigh, North Carolina ,hya g4 pg
~
Dear Dr. Poulton:
f) a d;- . i; w c$, I am pleased to submit the Annual Financial report for North Caro- ,h y $j lina State University. This report contains the institution's Balance MM Q Sheet, the related Statement of Changes in Fund Balances, and the State-ment of Current Funds Revenues, Expenditures, and Other Changes for the hb 7j y dt. fiscal year ended June 30, 1988. This report summarizes information from h3 the' University's financial records which are subject to state and federal hh @]) audit. FLd gd ~These statements reflect the continued strong financial position of
;,y rV N @ the University. Current fund revenues increased by 8% from fiscal 1987 to $388 million. Current expenditures also grew by 8% to $379 million @d i '
9 and have grown by 67% over the past five years. Major increases in b d private sector support contributed to this growth. Private contracts and k. G
$j grants expenditures increased by 35% over the prior year to $15 million.
Although we have experienced the strongest growth on the private side, we (L N i continue to compete strongly in the federal sector. This is evidenced by p
] the announcement in April of the approval by NASA of a five year p 1a $8.4 million proposal for a joint NCSU-N.C. A&T aerospace research y 6j program. I p<
9 Financing was obtained and construction started in the current year on a $8.9 million parking deck for north campus. We expect construction h, 1 l
$ to be completed on the D. H. Hill Library addition and the Natural [_
9 Resources Research Center in fiscal year 1988-89. On the Centennial F %,l Campus, construction continued to progress on the new College of b Textiles. The first research facility on the new campus, which houses [ d]i NCSU's Precision Engineering Center, was dedicated in 1988. j L M In summary, 1987-88 was a year of steady growth highlighted by the f
.] opening of the first Centennial Campus facility. The growth of the Centennial Campus promises _ a new era in campus development.
[
~
9 O E Respectfully submitted, p i $3 W 3 George Worsley / Vice Chancellor for Finance and Business l q a North Carolina State University is a land grant university and a constituent institution of The University of North Carolina. y b ny, n, .t
.n .,, , ,,
6,6MMg , Y
. .fi. ' ' " " "Q g.4 ' ' ; ." ~ l
;, ,. + e I I
**f-
. = ,.
=
g . f 4 _ n s y,
~
9 - iy l aV , Or. Fred R. DeJarnette. professor of mechanical and aerospace engineering and director of the new Mars Mission Research Center, stands before an artist's conception of future exploration of Mars. NASA selected NCSU and the N.C. Agricultural and Technical State University in Greensbo o fur the research center. The NCSU/A&T proposal to NASA calls for $8 4 million in funding over a five-year period. L.[.j w FOODLSCiENDES gg N ; $g w - ,o,o,ou w w,,ej 4-i
. '4 %
[: 4 g EE 4 3y .
~'
- ! l ,' m m
~
y . g u . Mc,
;' 1d
{:fji.
,k
- m E) . Yma g./hig .} }Ik
- i.- j Three researchers in the Department of Food Science have developed a process for ultrapasteurization and aseptic packaging of fluid eggs used for the food service and prepared-foods industries Pictured above at a press conference to announce the new technology are (lef t to right) Dr Kenneth R. Swartzel, Dr.
Hershell R Ball, and Dr, Mohammad Samimi 8
Statistical Highlights l l Enrollment ' TOTAL FALL ENROLLMENT 24,558 24,023 24,021 23,506 ij 22,632 .j ; n ..
- t h j I',
Jh --.
- -i
.y d
;l 9. 'E ,5 d $ $ -) ' lj 1 4 ::l q o' /3 ']
- i FALL 1987 ENROLLMENT ri! 1 Rj
.?
1 ; e. E: ii - 8
.o
<j: y, Undergraduate 16,941 9
] l mt i
- .:) ;
3,786 ! Graduate i k.. .f;. . - s.
,..f 0 :? ,}
c I Life Long Education 3,294 ff - ii, :') j . q :-4 in-State 20,125 1
,~ k N^
4 q q Out-of-State 2.847 j j g
=2
]
.,_ si international 1,049 1 ;j,-
' f, ,
-a "i.'
n; 4 ' tj f 4 . DEGREES CONFERRED 'Y d . 72 t j -'.l 2
-u a m FISCAL YEAR 1987-88
;-j a
-1 j
')
."1 Bachelor's 3.216 4 .o ,
- j ') .t 3 !
k- Master's 722 d '
-Oh l a '
; zj Doctorate's 239 3;) ' i'i -
1
-y i, '.',
. ,1
,p' 2
Professional 2 ;j i '
-3 4
- 1 ,; ,
First Professional (DVM) 69 d q j
] j .
i[ N ' A yij 4
. . ;I, ,
pc
- 7 4.
e 1 1
,' 'I
- s 4 w %' M 1983 1984 1985 1986 1987 9
Statistical Highlights Current Funds Revenues, Expenditures and Other Changes
@$27.7 /
'D d
% '$24.5? j -
l' $1L CURRENT FUNDS REVENUES (in Millions of Dollars) QS TUITION & FEES >'
% l $21.1 '. is <
, i a'
"\-
4 '
, .$204.1/
r' 2 y. , . ,
. $188.3 9 g.) ' ..
s b-i . C h176.3 5.. l.3,
"-4 < ,,g i
$158.3 ;. g y 'i n. ,
STATE I- 9. ':j I APPROPRIATIONS i$136 - . i: LT. a
; . ,1 ;. e -
; :g"<
' ~ ! % /
' $18.3 '
N .-
% d Q $16.4
.~
j h, ,y
% ,,s
%! II0 t
FEDERAL %* / a $17.8 " $67.9 '
; $62.0 - t, APPROPRIATIONS $16.8 . ,, i GIFTS, GRANTS, .
[,$51.1 -[
- I I.5 6.9 .i ,
& CONTRACTS . $46.8 r ,
C
's
, U.$15.5'
- $17.2
% .s y $129 i ,,, % 514.6 c , > <c OTHER Qy
' ~$42,s'- ; g47,g] ,,
N7i ,
- $35.5 c, i $33.5 y
AUXlLIARY s i. ENTERPRISES Q" y .... 1984 1985 1986 1987 yggg 3 6> 69 , CURRENT FUNDS EXPENDITURES > (%' U'
> $113.0 !
(in Millions of Dollars)
%. $$"*)43 , f
? i) _y.-
. $87.0 .-
NL F e
^
% < jp'
$72.9 INSTRUCTION
~$90.9 .-
n ' $82.8 '
% / ..
0.5 J_
\ #
ORGANIZED IOI 9 % j RESEARCH % # . Q C' O $40.2 $43.7 < ,s N s PUBLIC .
%. ./ % s SERVICE , $35.5 ;
% d $80.4 ,
- - $74.1 '
$61.8 . $69.'0 OTHER EDUCATION ' $$$'2 i ,
%w
& GENERAL !
% /
% /
y , % ' AUXILIARY $dd 8
$36.7 * $40.6 ENTERPRISES $32 6
% # % ,./ % ,,,,, % s 198d 1985 1986 1987 1988 10
,. .a
. . , a CURRENT OPERATIONS SOURCES OF FUNDS 1987-88 Total Revenue $387,702,001 p, v.pye s
&c m~ vp ,
,%a .,a g
'..j-- 3 '4 n , 3 .
Q.:: .: ,3 '
$. f:g'y .; ' -li*y',' 'M ] . ; 'V; n:
s>. s .
' ) q' W <a . '
TQ Q'" i. j a m.a( .;y, .: ,, ' j.; ,,,x . .a g < ; ) s g,y s o g
@e' wig N cf 3
.... w -4
'
- m '. ,
m.
. . .f ' < , , 'il [W 4 -H(
gp 1
-M y 4 hag Fg{' 9 i
'4 : t+ < i , 3 , e ,
../ ^l L.b ? l l, f Y 'J 8, 1'
jf -.,'f } ' '^ b {
'N' 3.m
.n p . _.., UN
"".4
/3
- 4i s sr, d..
r.A, M- @-.@ - - o + +' ' '
' ti g.
;f. . ,.
i
%, ',i .,
a: ~ .1. . . . d, o, .> ,i n ,' , wr e m.
. . .p y~,- - _ f. . .
mo i
%, +
[ [- - f ,Y
, _.. *. ,, . , A~_ 1
. w' y". , w' .' . %, / w ~) . F kd
&r ,yw.
lg'y
,3 . ,,4
{ I__
<,.c P
y- '" A, ;ng , v, l.. s' MA , z : 3
, . s 'k~.G . ' '
T.4,.,
}l9 03.l )'
1 j, j z- 2 t'l j V A b T
..-,{g, c.}%. '.0%
. 'h. 'i :N [' >
- t. 4 :
r
' g
_. g, A t i m .: -...J.4'd. .- 3 , c#'q..,,(.! 4
;_n,.,, g. 6
. ,r ; z 1.; ;
.v'tg 2 >\ l iN \ p. ~
,4
- y (- 3. .m.pu+; e. 3,gg,: _, ::,.. vt
_.w w, g s
~e 3 ,p p
.c.,, ri
,. .g w s c.t q: $j.4, :g ', p?: .;a.,(
p.' t
,p ,
,f, :-). . ;
, . . ~
g <' ,s s -; _b .g.:
.m i
t. s 9.<.m
.1. y.}:. .. .yn.... ( -.A. j.
>' 6 A
e s
,. c- -
- q. hK.n 4. .#.y ry
~7
; ;p .s;; r s
wn > e
,, r 1' -
a
,u. y: e,
- a p4., 1
...j ;
. y O q p
. s m a f.j ' <
's nh '
k?, e p' 1
, +
4 i r r ;:ss,/. y
.. a r @g d[ . s y r'+ t
' 1,_
t-,.. 9 'J .f;>.- , s
. . I) h .t '. ,
- C, h h_g.i i j. 1 ! C *J ' i e>:9 s}. , . ,
m y{- 4
'h'.'<~... ;
"m vh h )b (jbr ,,4g I ' h.' i 4
" h,f h.7 y]sh( .
'?k s
; 2 ,'
jl g gj }g fl, l s NQ, W llc a; ' s n .L . ,Q A y ,' .t m @,@b , , C ._ _: n a, ny ' , r c., u# , '. f~- I r" e', c.., e
.,,--.e g.'.y
,, e p.> r a .D,1 4
...'a .
g<,
, 9 d
-.g g: ,., %'o.t '%) : u.m,,a aw'j: ';5; 3m,,t%
, , . .,.3 -
a , z .
< , ,. 7 4 s. '+.
4 g ' j, ) ij f P _.. . s 9?MT. MQPqfMWTYQVe H }?y'fiff. I3 4;h5 , '
~$ . '
E ,:n; , e >
', &, j Jf 4 j r
Q:
, n
' t h. , . i f,1,. ;y , V, w ,*? m g:ov, ,.
n 1 Q- . n;% b Q Q:a
-.,_]%m, 3 . 1;';4,n. ua uf:f W; .4i [%Lfv M.
Q ".w , g, , > f , y' :g ' R;g; , q: n y ' " '
.Wmm
. pmh m, , .' @ 'g:Q , M.4 Sj Jby + w
& Pj>p q 2 y,MQQihmW syn s
4-) x, ;M , gg] P- p~; h13.08 {a *: i ' p> +t yi,: t- w+ , Jg.pb m e. pe s t .. o ,
~.
y
.nc un v7 ;f g~t.w yw< ,
y pjj se g)Q} gNyy gn t. o.syi a w?
.tg- ' , ,4"f)*h; x ~
- m. , m ;wn' e e;Y
^ '-
.m
; 8, m
. t .ew3e v s
.w + . .
- .: ,v=
i s' : :4,lg {t t c t
.\
k y '. 4 .s ,
\ 3
$ N ' ~
- m. ;q1 4 [I a v l, .; .g j+, f { >
~ ," , v .. . .m .
. .c u.
%' g. 5 5
,,pf 1M s. ~4 M, T M .$< [
- v. . .[" . .
n t.
,).} d * ;p
.a ,
m(y. .s ). ws N. ,a
.p bo
- f( p~p .ba y j p c .y e
'i W r s' 1 y(4g % ' tg at,.. w<,.
,f s 9 % . t q73o3 gg -
9L, (g ' sa. i ff ,d. i 7y ea.. : x% j q 134.24:-w% v.t.s2l.m 4 f_ g' s - qw rg -. w .3m.. ,
. , a ap Okw 4.72 J $Fg df
- W"% 7f,e '
vms vs,p. v c ,. 9.;, $.,w 9,gfl W; s at -. covernrnent orants and contracts ['" t f k k ,'
%,. ' h,.) a'
%g 3 9.
~;
2t 5 S wgn b:,
~y 1 ; upy,,,, ^'
. m,. , is ^,
'f,.v 1-y 4,n,
', ^
) j #d
&s & , ?
,e , ,;q
, %p; y!i p s f[ ,Tg
,f~. W i Jr , i < O f, A 4.1
, 3
.t -4 .
e r -
s,
;~Q a a l < a.
gb '
.Q p: 'h
- 2 6, .
w s gs nf-Y '. " ,,.<,n o-, y/,g., lA mJ E'
, ^!A-C . Aq m
r ~ v-4 si , . I A
. /' g~~
, c .< Mi ,
' 3.,.
N. ' . .., ;;;
;A' f; z-; h , ';N \- w ' ;(n & lI:j r' '
f./ y
- };
m ' 0. c n i
; , f; _ _ _ . l,; H . $
s ' , '
? ~; p w
'j'/ ' a,
- y. >
.., (
n y'n' t'.e ~' c . i n. 'g r - ,gg . ~. .Q g ' i .
, p 1 j 3,
> i' > ,
.Q i (t .,
. . ,;;Q f:. " mn
><,,c e
- -V + ,
8
,m,.,hkw '
N. < s h.> h kk ' q r h' l ' j
+
'a 2 , ,m , t < s '.t .
^yv. . , ,; ,., . , . , . x. J .& : ,
> 9 \
s , s.. V : } '; .s,.s
.: - h,. . . '- .j s . m.
4, f
..f.
N
.' )'l' ' k,
N
[c,^ z 7. _\ f)
- Wi t\ ,
> f n ..s. ,n M,s !,A ~ ,
1 t
"1i-
- a. .; . . ,;- n,2s. ya ,a, ., .
)
- e- '
lf 4 - j ' ; c4 t-. .- . :. f 7 , e x_ .f ; . , <y,-
. , . m -i o m. ; 4., w' y py',* < a o x. .m,n,
- u. .
g- . .&u ,w .. ,: ,.
; s . ,v >. e .-
.~,.
< c <
" [yU '
[' 129M i, "',' kj * '
/ ' 2100'd 1 z , s ..so 2y a m
a P: a, g/ c: .y: ; M.;o .s @m s t.:- r: ,
. , ,d.u[ e in a 1 2
+g y ;p ;
n .,<vs
+u
~
y s e "'W; : "y : 9 L. c. , , ,
..s.
h: 4
~
r . n j % . **
- w' . , **
kM W o $m. >h e MkNM-WM-:aLMk-
.~. --o, ..
4...,.:u A 4
%.. f~ ; usa,--Qk;&@ ! ' "". Q mn7f Q7V^1T M]D + #QVQFW 'i TV' ~ MW9 mx , .,
wWg m.y.,yg' ! " y g" m .% , e j - y
.1 : e 3..,
q< e'i p!.
O ,.. ,j 4 4
,5~,,. .'
"c',
>v', <
a y,@/' f5 v, .h, ',m. ( N-f uvar , i + . ; 9 by "W -
;n ,
W < 6g %,q,.m > mvrM, c.r
, -;j
>h> 3I (
- g. ?. t' fc a,-
J t ,( ,.* 4+., i' y'.. r- f.d" d d M h. : , n (7
- 4~ s s s .C y r i 3 u j7 O, m 4 i, e.
..,, 3.i . J '1
'{l; 3 g :-
n < s. - + A ' jffi ' , r;:l- Q, G,g ,' D' r r e- . m%f , x
, 5}
4 .
) \ 'I ? 0h G, 'I Wr
- A
'(
ti, J.1' 2.28 E O, T C(e, . J M W)5, '
.t,> !. >
ef ;-4n !
,b,; ,c s7,t u.c pg/41)r 4
.4r-'
n; , v. W t 5 4
-s
..hj ei w~ ,w A,,
,m.~ g, oe w.- .a sv
- m. g.....r. -
a a: - nppo v, ~c s , , og ,-
. v t'w - ,a i j - *> <
r ~V
<,tjyNi -r, .-.
xa r' + +'
. . .%y e
~
, g g"1 j }.mb ;3 M' A,.m'7 <i w-(s..14"gg u .12 06' . -- N, ?.r
. ja vi ,
s m : , * ,c . g ~ q9 g 7,y;x .t ,:7u s - g 9 :
,. ;4 , c,m.r um e ,, -, y; -6
+3...- -
.a; nk ,a; M e. p s-e ;:W+ n s.g. e :. yp . y
-g:
, ,_ y_
_q y-r1,g (gy W . 3 A; f-a s, 1?Q ggJF jy n 4(11 ,e
% 3' y .R ~
3 g .u . tLl -ud W
;r L w p[ yi)g :.
5
= w .<
1% ly
.,';:. ; M,,,' ys-I O; ,p' u i 16 '
, l
% j '. ; O g. .f. 1
,3F -n uw ~e 2., ;4 ,t
;g ! -
= 6.85 L ?n
; 5.10 ' ' ; ?L.
d.i
; . e' ~ .-*r* :M.,p . >
, a3 jf. "Lis [fy*
-L +r, instruction ,
, , y " 3.33 . r-w' *? n4 x
.A24 "o a y Organized Research Auxiliary Enterprises Public Service Libran.es Institutional Support Physical Plant Acadernic Support Student Services Student Financial Aid 12
n .. :- 1' r.- t CURRENT OPERATIONS ! EXPENDITURES BY OBJECT 1987-88 Total Expenditures 378.809,995
,,,prme ' * ' yy' 'y,- ,
s ,, Lf ' Lp .
~
y A. 4 q . .
.ny.
w, a _ i,, - m_ . .
)
at,..S;s s
, , r4 4-
; n. 3 .
.: 3 >.1 r..
,e ~ *. , ' v g; ', s
.w ,ia
- y. ...,- 39 < , ,,a, :'. ..
-s. : , :. ,
, < n; >:
S;. 7
. ; : .g n (, .- L .
, 's
- i. 7 >
, a 4 1. i' L (l')-:. f,1 , s
.> ..3.
i d- ,.
,a :
-l9m f ',
l !, ,( -)9< Ifz , , + N_ w: ,
,~
p3' , . , . - ,s3 --
< < y
- j. :.p ,
, j'
- e
- l L ,5 s' P
M' -:3 m .,s i !- M f>,j ! :Jg q?d M. .rs 't t D <,'/: N , . ;A); Zi.- c 4
' ;s . .
h -i
,4 ' -
f'_ ' " '
. < . 'a
> 4
'4 'i sA%
Q ,e . ,
. t 9. . . ,
;z? s
? ';,:N e , . , # 3
$ ; '. . .'f;:J 4, f , , , -
i3. '{ . - . . , , l E,- I ;s 4"
$.' i
' i pf s > .
vz3 Pf., ,
, ,f - s ' ~:0
/< .c.. bj - ' h,,.;.
.. Mi ,
ll > ? .9 o ,a c s;. A. y
- g. : : p:
.gy,g .;
.; n . ,
.,3 y j .g, b e,
. ,i
..,,b 4 ' ^ '
tv s ;4 g ,
.. . .. .. . i , -t y:x.
ger n 'us v sxu .,iar.u.M. , .w,, s. u ta y,%qsrver"+yy typ{ :,y'rgmW-m 9:n: zL: -' w w ,;u:. p; w..,\.; ,ri yr.- % ,lV. 4; 4 4., * '
- < <j,-
*'e
',.. yn b,$ :,k
, r.
' 1
... s
', [
.; 4 ^: ; n :,
l% (15 .
' ^
{};,1. ; . > r e g, O
,y,2 % wp>,
. : s..
- a 3
+ , ,i f4 i iu , u i ,: 2 Op . ,i 'g o' th ..j< 1 i :f,3e , 4!
si. g-ag'.
- c. a u:) w' .
' -x\ W(' '-3 j
> ..);v: g'
.. ..#,- : .k. g5 , 1, ,
4 0:, > b ., [ '
.' kO1 L N '
if I' h-; \p; p; W;:. 4 j:a ;
, ,,, _j y J..p \ a, p s c
i .. . 24 '.l (l .' ; ' , y..-
..n, i _M .A,,, c.- (u , . <.p s ,
; ,s. y y:
y .. s ( ., , ; \;;
, , 1 n, 5 ,g.#. . -
,.g j -1,. , JE -
J
- , V-
+ Ig .. 33- r 4
'-' iy.V'/
6 s.+- v$-
/i 5 7i!j g.(e; L %,
> a.
.-: e 8:
(. 1y. l '
. '. ' . . .,( ,'.
3[. , .o.- y+% 3 ,
?
,' , ,e^+ g i
'2' t.
, 3, t, .'..
~ -
A,;; >y
.. e s:: y 10 .j f -
1 1 k.-
.,.,,\.
g: 'k,.13.18 r' iy,
, c ,j(l : -~
k' 4
,+
i u
' , ? f z ,' d s ., '(# ' . .W 7,,p ,
3 ( .. . a k n-Salaries and Benefits { , i l 3 Student Financial Aid Supphes. Materials and other Current Services Equipment and minor improvements 13 _ _ _ _. . _J
BALANCE SHEET AS OF JUNE 30,1988 WITH COMPARATIVE FIGURES AT JUNE 30,1987 1988 1987 ASSETS CURRENT FUNDSt Unrestricted: 24,493,435 $ 22,978,526 Cash and Temporary Investments 3 3,661,095 Accounts Receivable 4.768,002 59,069 2f3,611 Accrued Interest Receivable 2,478,036 2,311.399 Inventories 102,336 85,076 Prepaid Expense Due From other Fund Types 635,135 8 32,536,013 $ 29,449,707 Total unrestricted Pestricteds 5,487,909 $ 5,252,123 Cash and Temporary Investments $ 10,649,781 8,347,070 Accounta Receivable 215 Prepaid Expensea Due From Other Fund Types 198,280
$ 16.335,970 $ 13, 9,408 Total Restricted 8 48,871,983 4 43,049. 15 Total Current Funds sessansanesssses seassssssssses.
LOAN FUND 3s 342,672 Cash and Temporary Investments 8 401,020 $ Loans Outatano1ng, Less Allowance for Doubtful Accounts of $88t 522 in 1988 6,294,788 6,118,581 and $768,179 in 1987 63,200 73,550 Accrued Interest Receivable 23,254 24,13' Due From Other Fund Types 8 6,792,612 4 6,548,590 Total Loan Funds .ssessssssssssa assssessenesses. ENDOWENT FUNC$a Principal Cash and Investment 20,737,777 Balances 4 24,576,799 4 23.185 26,971 Notes Receivable 10,147,475 10,143,475 Land 340,502 Buildinga 340,502 37,300 37,300 Other Assets
$ 35,121,261 8 31,290,025 Total Endowment Funds sesessssseneses sesssssssssssses AANT FUNDS:
Unexpended: 25,579,064 State Appropriations 4 32,134.589 4 7,589,2t1 3,480.508 Cash and Temporary Investments Due From Other Fund Typea 35,819 30.868 8 39,759,619 4 I % 090,440 Total Unespended Renewal and Replacements t,568.918 Deposits with Fiscal Agent $ 1.582,631 4 29,947 41,8a6 Accrued Interest Receivable 1,612,578 4 1,610,764 Total Renews 1 and Repiscement 4 Retirement of Indebtedness: 2.330,284 $ 1,368,509 Cash and Temporary Investments $ 2,632,139 2,456,435 Deposits with Fiscal Agent 57,972 48,48f Accrued Interest Receivable 49,473 51,457 Accounts Receivable 95,040 101,654 Unamortized Bond Discount 4,172 Due From Other Fund Types 6,147 4 5,168,178 4 4,033,585 Total Retirement of Indebtedness Investment in Planti 3,698,891 $ 3,331,239 8 Land 13,797,086 Land Improvements 14,604,750 2,339,395 2,151,798 Landscape and Accessways 203,705,576 liuildings 229,761,194 153,633,223 136,831,934 Equipment 36,520,941 Library 39,211,106 95,87a 95.874 Other Capital Outlay . 4 443,344,433 $ 396,434,448 Total Investments in Plant 4 489,884,808 $" 431,169.237 Total Plant Funds se s e ss e s s e s s s es emessssssssssses AGENCY FUNDS 263,144 Cash and Temporary Investments 4 310,389 8 Due Frum other Fund Types 3,632 4 314,02l $ Pf3,164 Total Agency Funds ssssssssssssues seassessesessnes 14
iU s l! x : -
.s.
l' 1' , L 1' LIABILITIES AND FUND BALANCES 1988 1987 CURRENT FUNDS Unrestricted: ' Aneounta Payable & Accrued Liabilities 4- 14,246,577 's a 155,315 Deferred nevenue 2,090,304 2,199,744 Due To Other Fund Types 259,450 . 35,040 Fund Balance 15,939,682 - 23.059,608 Total Unrestricted 8 32,536,013 $ 29,449,707 Pestrict' ed : Accounta Payable & Accrued Lieb111 ties .. 4 11.109,647- $ 9,637,804 Due to other Fund Types 8.133 24,137 Fund Balance 5,218,190 3,937,467 Total Restricted 8 16.335,970 8 13.599,408 Total Current Funda 4 48,871.983 8 43,049,115 sensassessensses sessssssssssees LOAN FUNDS: Due Escheatd Fund 4 58,046 8 $8,046 Fund Balance U. S. Government . Restrteted - 5,670,303 5,926.607 Univeralty Loana - aestricted 864.263 563,937 Total Loan Funds 8 6,792,612 8 6.548,590 essasssssssssses ....ssssssssses ENDOn01ENT FUNDSt ' Endowment Principal and Fund Balance 8 35,121,261' S 31,290,025 Total Endowment Funds 4 35,121,261 4 31,290,025 sasssssssssssses esssssssssssssa PLANT FUND 58' Unexpended Accounta Payable and Accrued Liabilities 8 3,976,822 $ 2,900,055 Notes Payable 1,325,000 Bonda Payable . 1,800,000 Due to Other Fund Typea 634,684 Unexpended Plant Fund Balance 32,023,113 26,190,385 Total bnexpended $ 39,759,619 $ 29.090,440 Renewal and Replacements Renewal and Replacement Fund Balance $ 1,612.578 4 1,610,764
~
Total genewal and replacement 8 1,612.578 $ 1,610,764 Retirement of Indebtedneans Deterred Nvenue i 19,812 $ 11,978 Accrued Interest Payable 625,776 628,952 Fund Balance 4,522,590 3,392,655 Totsi petarement of Indebtedness 4,033.585 4 5.168.178 4 Investment in Planta Bonda Payable $ 27,587,000 $ 28,634,000 Notes Payable 1,778.377 3,459,317 Leases Payable 1.048,871 1.317,149 ket Investment in Plant 412,930,185 363,023,982 Total Investment in Plant 8 443,344,433 $ 396,434,448 Total Flent Funds 4 489,884,808 4 431,169.237 s es s ssss ss sss ses assssssssssssa. AGENCY FUNDS Funds Held in Custody for Others 4 314,021 8 263.144 8 314,021 $ 263,144 sesesssssssssssa sssssssssssssss See accompany,ng notes to Fmancial Statements. Tnese Fmancial Statements do not meluoe ine accounts of umversity aHihated founantions 15
- /
- i
\; *, *- i STATEMENT OF CHANGES
~ YEAR ENDED
, CURRENT FUNDS UNRESTRICTED RESTRICTED LOAN FUNDS ~ Fund Balance at-July 1, 1987 $ 23,059,608 $ 3,937,467 $ 6,490,544
-Adjustment (Note 2) (9,560,676) (1,146,051)
Restated Fund Balance at July 1, 1987 8 13,498,932 $ 2,791,416 $- 6,490,544 Revenues and Other Additions: Educational and General Revenues $ 272,657,633 $. $. Special Fees Auxiliary Enterprises Revenues 49,945,036 Gifts and Bequests-Restricted -14,292,245l 2,108 Grants, Contracts, and Receipts. Restricted. 53,091,834' 275,658 Governmental Appropriations. Restricted Investment Income. Endowment 1,576,656 33.544
.other 2,659,751 125>
Realized Gains on Investments . Restricted Interest on Loans Receivable 153,869 U. S. Government Advances Mandatory Debt Service Deposits Expended for Plant Facilities Retirement of Indebtedness Proceeds from Loan Other Revenues and Additions 826,329 7.932-Total Revenues and Other Additions $ 325,262.420 $ 69,787,189 $ 473,111 Expenditures and Other Deductions Educational and General Expenditures 269,579,717 62,439,581 Auxiliary Enterprises Expenditures 44,414,661 Indirect Costs Recovered 6,628,130 Loan Cancellations and Write-Offs 34,494 Expended for Plant Facilities Retirement of Equipment Retirement of Indebtedness Interest on Indebtedness Payment of Capital Leases Administrative and Collection Costs 62,880 Debt Issued Other Expenditures and Transfers 353,761 112,344 Total Expenditures and Other Deductions 8 314.348,139 $ 69,067,711 $ 209.718 Transfers In 617,719 2,138,712 30,629 Transfers out 9,091,250 431,416 50,000 Net Transfers In/(Out) $ (8,473,531)$ 1,707,296 $ (19,371 Change in Fund Balances $ 2,440,750 $ 2,426,774 $ 244,022 Ending Fund Balance June 30, 1988 $ 15,939,682 $ 5,218,190 $ 6.734,566 33333333333333333 33333333333333333 33333333333333333 16
,- - - - - - - - - - - - - - _ - - - - . - . - - - - - - - - . - . . - - - - , -.- ...-------.----_.,--..-,--.----c - - - - - . . - - . . . . - - - -
EIN FUND'OALANCES
' JUNE 30,1988 -
PLANT FUNDS RENEWAL RETIREMENT-
.ENDOWHENT AND ' OF . INVESTMENT
' FUNDS UNEXPENDED REPLACEMENT ' INDEBTEDNESS IN PLANT
's 31,290,025 $ 26,190,385 $- 1,610,764 $ 3,392,655 $ '363,0" ,982 L
$ 31,290,025 $- 26,190,385 $ 1,610,764 $ 3,392,655 $ 363,023,982 1,939,081 2,931,577. 25,000' 11,570 32,150,595 175,324 90,836 161,403 146,859 50,116,715 150,000 1,884,461 1,783,882 668,000 221,999 16,118
.. ..... . .--......... . .o-. . ...... . .... ...
$- 3,746,436 8' 34,506,800 $ 90,836 $ 2,128,172 $ 52,001,176 29,077,120 3,206,730 1,464,556 2,059,283 569,905 12,866 1,800,000 363,243 1,260 2,147
$ 0$ 30,878,380 $ 0 $ 4,108,757 $ 3,569,973 84,800 3,765,436 38,750 3,437,599 1,475,000 1,561,128 127,772 327,079
$ 84,800 $ 2,204,308 $ (89,022) $ 3.110,520 $ 1,475,000
$ 3,831,236 $ 5,832,728 $ 1,814 $ 1,129.935 $ 49,906,203
$ 35,121,261 $ 32,023.113 $ 1,612.578 $ 4,522.590 $ 412,930,185 sassassssssssssas sassassassssssssa ss=sssssssssssssa " "''''" *************'
See accompanying notes to Financial Statements These Financial Statements do not include the accounts of Umversity affibated foundations 17
1 T 281 2 1 1 04 5 084 1 1 - 3 3 1 ' 4 91 2424 1 64837 56. 1 595207992 224 054 2232693 90 0 04 5461 1 1
, 0,4,1, 6, 9, 5,1 ,
1
,9,0,4,6, 1
, 8, 0, 1
,5,3,5,0 952234 0331 093 92 2 001 359656 L 65094 5286584 2 81 0 377600573 8A 8T 4,0 3,0,3,1 6,2 5 - 2,5,8 4, 9, 7, 7, 0, 8, 9, 9, S 9O 1 T 94858 201 2 3 1 35 1 1 6
1 60 35 7 8 307726922 1 94 1 E 2 3 3 1 R ' _ U T I 4 $ $ D _ N _ 0 7 4 4 1 483 1 1 21 9 1 4 5 22 21 9 8 8 077 8 E - 6, 6, 5, 1 9, 2, 4, 5, 5, 5, 2, 2, 9 P D E 0 3 03 1 09 9 9 64 2 3 _ X T 6 4 28 534 3 3 1 00 2 E C 5 3, 6, 2 2,5,8 4, 4, 4, 8, 6, 5
~, I R 8 3 35 2 2 1 1 5 2 S T 2 1 1 6 6 4 E 7 S -
E US 8 9 R NE 8 1 EG8 r o VN1 9 f $ $ $ $ E A 0 ,es 4 942 2 6 0 7 46 0 386293600 0774 734 2 R H3egu r D 2290 1
, 0, 7,1 4
9, 3 1 5 8, 3 6, 1 0 6, 8, 2 4, 6,2,0,5,0 SCnF E , , i T 951 2 4 3 9 3 92 2 36931 7774 D u C 654 9 5 6 4 2 4 1 6 1 66686460 N RJ e Edi v I R 4,0,7,0, 1 5 4, 5, 7, 2, 6, 0, 3, 9, 92705721 U Hdea t T 94 75 1 6 I0 5 1 r S 201 1 75 2 1 44 F Tna E p E R 2 2 3 1 tor N ao m V U E DeC Y R N' h t RA i W U C t s F p t t i O c c et e c h ett T rcc rc R e c r N i eetti e d rrccd r a E niieeni d e IDd rrID n s M nii a l a R e E - - IDD - - , r T ss - ~ - ttss s e e n l a A tt cccsscc c e S t T aatt t aa i G E n e S s rrcccrr v G N m t e tt aaatt r d
- e snnrrrnn e n A : t l F noottt oo S a H l r a soCC nnnCC C a a r d ni ooo , l s r p e notddCCCdd s ae R e eh S n aiann nn e ns E n D c e ti aaddd aa el oi s H e r G nar nnn ma i r e T G d a nee i
oipssaaass oS t p u O d i rott tt sc ar n d asc n t prnnsssnnt nl ce e D n ei d a i opaattt aafI a ut v N a nR v urprrnnnrri t d n e A o r l T pAGG aaaGGGt n EE R l id esASi a p rrr ne S a t eS e n tAlll GGG eeeem l y l E n cz ilt o n aaa ttt mt ar a R o uicrant cn
- i e errreel aaawr t a t U i rniareiie S t d t eeett avvv oa oi o T t t al redt s E a uaddd aaciiid p Tl T I a sgbb nusyu U c tt eeet t orrrne i D c n ruiet nh N u SSFFFSSLPPPED x N u I OPLGSIPS E d u E d V E A P E E X R E
,j l ; . ljill' i ji ! Ill ,lji liIl!Ii , J l ,
- ~
.) ) ) _
8 4 9 9 8 2 6 5 6 _ _ 8 7 8 8 7 5 . 1 3 8 _ 2, ' 4, 2 0, 3, 8 9, 0, 2, _ _ 2 1 2 0 2 3 3 7 3_ 7 3 3 6 3 6 3 ' 0, 6, 1
, 7, 8, 6, 1
6, ( 9_ 2 6 2 2 4 0 1 5 _ 0 4 4 5 ( ( _ 3 3-
) _
97 4 1 0 1 5 9 1 4 _ 22 5 6 8 4 9 6 5 2 _ 6, 7, 6, 6, 6, 3, 9, 5, 0, 5, .. - 08 8 4 6 1 9 7 2 7 35 0 1 8 0 0 2 5 6
. 2 3, 4, 0, 5, 8, 5 5, . 8, __ ,.' 2 4 2 6 8 4 4 _
3 4 4 7 ( _ 3 3 . 1 0 1 9 5 4 . 8 8 6 0 . 5, 5, 5, 2, P, .. 9 9 7 9 6 . 3 3 2 9 2 4, 4 . 5 8, 4, _ 2 2 1 2 _
. 6 6 _
9 22
'7 3 7
1 6 0 8 1 4 4
)
6 0 _ m 1 5 5 _ . 6, 7, 0, 6, 6, 3, 4, 2, 7, __ . 08 9 4 6 1 0 1 0 _ , 35 6 1 8 0 7 5 4 _ 2 8, 4, 0, 5, 3, 4, 4, __ ,. 9 4 2 6 6 6 2 _ 6 2 4 4 1 3 ( _ s e
)
S g N ,., n O h a I T _ C C r ,. U e , r D v ,. l s e E O a e h D n _ r e i s t O (
/ t s r e
i n r S p h ) e : p d N e G rt os r e n a O I i e c t O
)
s a - _ r t d f e t T e d s e . o s n r n s I R enn r f e a s se E e D uao i c _ sge r e rt r D d n e l s en y u A eest D ,. rnt a i fI r t t vrc ( s s. ein n r s a i D ceeu / e fhI o p nd i d N iRfd ec _ sc i r an l n A r se sn ntd t e sra i e t onD aa aan a t eT x p S st a( el . rMa c n r l u x R e r/ ra ., T - u E uya A E E R sTs cB _ n yna dl d y t rp F r n E i oi l l S f eyo _ Id _ rup r dt c a a N of ri n _ oFi l a nan t t A sat t u t c a i edi o o R snti eF ann t l pnr T T T sand N d ai o i x aP erud nor T x EM R cTlA ALP u x o M A E H T E V , O s
NORTH CAROLINA STATE UNIVERSITY AT RALEIGH l NOTES TO FINANCIAL STATEMENTS j FOR THE YEAR ENDED JUNE 30, 1988 1 -
SUMMARY
OF SIGNIFICt.NT ACCOUNTING POLICIES The significant accounting policies followed by North Carolina State University, as summarized below, are in accordance with 4 the recommendations for accounting and reporting included in the Industry Audit Guide for Colleges and Universities issued by the American Institute of Certified Public Accountants. In addition, the University has utilized the descriptions and classifications of current funds revenues, expenditures, and other changes set forth in Part 5 of College and University Business Administration- Administrative Service published by the National Association of College and University Business Officers. Accrual Basis The accounting records of the University are maintained on the cash basis in accordance with State of North Carolina finan-cial policy. However, adjustments are made at fiscal year end so that financial statements may be prepared on the accrual basis, except that depreciation on physical plant and equip-ment is not recorded. The statement of current funds revenues, expenditures, and other changes is a statement of financial activities of current funds related to the current reporting period. It does not purport to present the results of opera-tions or the net income or loss for the period as would a statement of income or a statement of revenues and expenses. To the extent that current funds are used to finance plant assets, the amounts so provided are accounted for as (1) ex-penditures, in the case of purchases of movable equipment, minor improvements or renovations, and library books; (2) mandatory transfers, in the case of required provisions for debt amortization. '.nterest; and (3) as transfers of a non-mandatory nature rc. all other cases. Fund Accounting To ensure observation of limitations and restrictions placed on the use of resources available to the University, the accounts of the University are maintained in accordance with the principles of " fund accounting". This is the procedure by which resources for various purposes are classified for accounting and reporting purposes into funds that are in accordance with specified activities or objectives. Separate accounts are maintained for each fund; however, in the accom-panying financial statements, funds that have similar charac-teristics have been combined into fund groups. Accordingly, all fir.ancial statements have been recorded and reported by fund group. 20
flotes to Financial Statements (Continued) Fund Accounting (Continued): Within each fund group, fund balances restricted by outside sources are so indicated and are distinguished from unre-stricted funds designated for specific purposes by action of the governing board. Externally restricted funds may only be utilized in accordance with the purposes established by the source of such funds and are in contrast with unrestricted funds over which the governing board retains full control to use in achieving any of its institutional purposes. Endowment funds are subject to restrictions of gift instru-ments requiring that the principal be invested in perpetuity and income only be utilized. All gains and losses arising from the sale, collection, or j other disposition of investments and other non-cash assets are accounted for in the fund which owned such assets. Ordinary e income derived from investments, receivables, and the like, is accounted for in the fund owning such assets, except for in-come derived from investments of endowment funds, which is accounted for as revenues in restricted current funds. Re- . stricted current funds are reported as revenues and expendi- - tures when expended for current operating purposes. Investments Investments are stated at cost or fair market value at date of gift, unless there has been an impairment of value not con-sidered to be temporary. ! Inventories Inventories are stated at the lower of cost on the first in, first out basis, or market. l Investment in Plant Plant assets are stated at cost or fair market value at date of gift. In accordance with the generally accepted basis of accounting for colleges and universities, no depreciation is recorded. v 21
l ; .
.. j 1
. Notes to Financial Statements (Continued) i 2 - ACCOUNTING CHANGE Financial Accounting Standards Board Statement No. 43, " Account-ing for Compensated Absences," states that compensated absences, such as vacation leave, should be recorded as a liability when earned. Prior to fiscal year 1988, State of North Carolina policies permitted these costs to be recorded only as absences were taken and paid. In 1988 the policy was changed to conform with FASB No. 43 resulting in a $10,706,727 adjustment to beginning fund balances representing the accumulated unused vacation leave of all 12 month employees at June 30, 1988. The current year accrual of $ 791,798 has been charged to ncrmal operating expenses in the purpose category to which the personnel are assigned. The University is contingently liable for sick leave in the amount of $41,898,267 which does not vest to the employee and is not recorded until taken and paid. All amounts reported are based on salary rates in effect at June 30, 1988 and include matching benefits for retirement and social security.
3 - LONG TERM DEBT The plant funds include notes payable of $3,103,377 with fixed interest rates ranging from 5.90 to 7.54% payable in installments until 1997. The Erdahl Cloyd note bears a variable interest rate of 60% of prime with a low limit of 6.00% and an upper limit of 9.00%. The interest rate was 6.00% at June 30, 1988. The revenue from the use of certain buildings and certain student fee revenues are pledged as collateral for $29,387,000 of bonds payable with interest rates of 2.75 to 10.00% and due in installments until 2012. The University has acquired $3,052,552 of computer and dupli-cating equipment using lease / purchase agreements. At June 30,1988 the principal balance of these agreements was $1,048,871. These agreements bear interest charges of 6.96 to 11.05% and are due in monthly installments until 1992. Maturities on long term debt and lease / purchase agreements are as follows: Bonds Notes Capital Payable Payable Leases 1988-89 $ 1,072,000 $ 366,152 $ 595,369 1989-90 1,074,000 794,982 243,926 1990-91 1,141,000 345,503 181,756 1991-92 1,205,000 357,369 27,820 1992-93 1,269,000 370,148 Thereafter 23,626,000 869,223 Total $ 29,387,000 $ 3,103,377 $ 1,048,871
=========== =========== ==========
22 l l t.
>+,: .'.
.c. ;
L Notea to Financial Statements'(Continued) L 4 - PENSION PLANS Each permanent full-time employee, as a condition of I employment, is a member of the North Carolina Teachers' and State Employees' Retirement System, although eligible faculty of the University may elect to become members of the Teachers' Insurance and Annuity Association (TIAA-CREF), a privately-administered retirement plan. As of June 30,.1988, employees contributed six percent'of-gross wages and the University added a 11.19% matching
. contribution'to'the North Carolina Teachers' and State Employees Retirement System. The employees participating-in the Teachers' Insurance and Annuity Association retirement plan contribute six percent of gross wages, with the employer matching being 7.62%. The University has no pension plan obligations beyond the matching already paid into the retirement system. The University contributed
$20,061,040-as matching pension costs during the year.
5 - COMMITMENTS AND CONTINGENCIES The University has unspent contractual obligations for the-construction of new buildings and for additions to existing buildings of $27,935,568. The contract costs are being fi-nanced from available resources.and approved borrowings. The state maintains a State Property Fire Insurance Fund as a means of self-insurance against fire losses which may occur in state-owned buildings. 23
p---- , - - - --,- - __ __ ___ O . i 4 l l i SUPPLEMENTAL DATA i i 0 1 l 1 1 1 i l i I l 25
9 5 7 9 5 2 0 7 9 9 2 6 4 2 5 2 4 5 4 6 1 1 8 6 5 5 t 6, 2, 2, 5, 3, 5 0 5, 9, 3, 8, 3, 6, l ns 6 8 5 0 1 3 5 9 6 5 6 9 8 aed 9 9 3 7 7 6 0 0 5 7 3 8 0 2 3 8, 8, 9, 9, 6, 3, 0, 1, 0, t rn 0, 0,
~
oru 2 6 9 2 2 2 TuF 7 5 0 0 7 7
- C 8 2 9 4 1 1 2 1 3 3 - 2 1 9 1 4 3 9 2 1 0 7 7 8 8 7 6 2 8 t e d 5, 2, 2, 9, 2, 4, 2, 5, 5, nt s 6 4 2 3 2 9 8 2 9 ecd 1 0 0 2 4 0 3 3 rin rru 4, 8, 6, 5, 3 2, 5, 4, utF 1 1 5 2 1 9 2 6
C s . 4 e R
- d 7 5 1 8 6 2 9 3 6 0 0 6 3 e 2 5 2 7 7 4 7 3 4 2 4 5 7 t
c 1
, 2, 2 2, 0, 5, 0, 2, 4, 1
, 3, 3, 0, li s 0 8 5 6 9 3 1 7 7 7 4 9 9 ard 8 9 3 6 6 6 8 6 4 6 0 8 6 tt n osu 6, 0, 8, 0, 3 9, 0, 9, 8, 1
, 5, 2 8, e -
TeF 5 5 0 9 ^ 7 0 5 7 2 2 9 s S - r 8 2 4 1 1 2 6 o p D n 2 r N U U
- u F $ $
SP 88 D D y9 E d 1 2 6 8 8 8 8 1 0 6 8 b1 T e 2 9 0 8 9 1 8 5 6 5 7 Ns0, C tl cas 3, 6, 5, 4, 0, 2, 9, 7, 5, 3, 9, Ure3ue I R iid 7 6 0 0 8 3 3 1 9 9 2 T rcn 4 4 3 3 3 6 4 2 2 8 4 F i n t S E t eu 3 3 5 8, 7 2 1, 4, 5, 2 4,
. TdunJ R spF eS 1 4 2 2 3 6 Ned Ep e N
U r n U 1 xd T $ REn N E Rf cE r R 6 3 5 0 0 6 2 4 1 2 6 0 0 5 . Ut nae R U d e 0 8, 6 5, 1 7, 2 3, 7 4, 0 1 7 8, 2 3, 9 0, 8 4, 8 8, 2 1 4 3, 9 0, CeY m C t as id 2 3 9 4 4 0 9 5 6 7 4 8 6 4 0 0 7 3 5 4 7 1 7 6 4 0 6 2 t e rn 3, 7, 3, 2, 9, 9, 6, 7, 9, 5, 3, 1 5, 4 a pu , t oF 5 4 0 9 7 3 3 7 7 3 4 2 2 3 S r 8 2 3 3 1 2 5 p 2 _ p A e e c c i i v v r r e e S S s n t n h h o r o c c i o p i r n r s t t d L A a o a n p r a i
- e i e : e e u o r A s R L s t n h s t S p e r E A e c i c e x p p l e N R R u c r R E c s u O a f E E d r i a i e S i s G
_ N E G nl aa t t s n d M e e s e l a r i e c l a r d m e i c v l a t n a c n a n a r D N u a r n n T A - D N nn oe i m I n y r R d t l v r e t l u s A c S e i o l P i F y . A tt o a e u S u e t l r D - L A cr ua r p i s n n i i r i z n c r h r e i c i c r h r e i r a l a r t n e t u i i a c t n e t o a E L SD EN _ N O t e sD t e t e a g A g t O l b g A t O b r e n d u t s s y d u d n A T I I R I n x e r u i e t n h t a O AD _ T A C U I E v O P L G S I P S M T I LA I X - D E U A
2052 0 4 5461 1 86 9 6 5 = s 1 2, 9, = e 6,0,2,2, , 5,3,5,0,5,9,3,8, 6, = r 6085 0 01 359656 9 4 3 = u 7293 3 77600573 1 1 3 = l t ai 9,1 0, 8, 0 8,99,6,30,1, 0, 0, 4, 4, = )
= 2
. td 3350 3 07726922 2 4 6 =( . on 8 2 1 94 1 1 21 3 4 7 = Te p 1 ' ~ 3 3 = _ = x = E =
=
$ $ $ $ 8
_ s .
=
_ re 7700 4 38089647 9 6 5 = _ ser 301 9 4 204 03238 0 1 2 = u 8,4,7,8, 8, 8,6,4,4,5,0,4 3, 5, 0, 5, = _ e. tt h = l Oi 0632 3 694 75494 5 9 4 = p d 3091 4 05825897 3 3 7 = pd n _ une 7,2 5,1 , 6, 6, 5, 4 22,96,4, 9, 3, 2, == S ap x 5 25 3 97 . 42281 0 5 6 = 1 1 1 7 2 9 = E = e -
=
s n - e p x
=
E 2948 3 86691 500 8 7 5 = f t 71 28 0 0376892 2 = o n 7,4,2,4, 9 5 9,7,1, 2, 5, 9, 8 1 y e 0, 4, 5, == r m 054 9 9 2594 337 7 5 2 = o g p 9684 8 9502346 1 7 9 = e i u 8, 55, 0, 8,0,1,6,2 5 2 8, 8 6, =
=
t q 3 1 6 91 31 2 1 4 = a E 2 2 = SC8 8 =
= .
Dd9n1 ) m a Na , 0
$ $ 1
(
$ $ s r .
gc Use3 F oe
=
ot re pn 951 3 8 81 637855 1 8 9 = p r u s s 1 724 5 1 1 289937 0 1 1 = , TuJ NP d e i i rdf t 0,1, 3, 8, 5802 3, 6 283,46,2,04 1 5930982 7, 6 2, 0 9, 6 =
=
=
ye d c ui Eye ane 54 27 9 75652206 6 0 6 = t v l an 3,8 9,1, 2, 2, 2, = S r R snbd a e 3,3,3,7 8,5,2,5 4, = e S B 4 21 4 3 1 946353 8 7 5 = kS ReEr r 7 1 9 63 1 1 3 1 5 = r 2 2 = ot Uu iea t = Wb e Cd n Y S $ $ $ eD g e p eo l t x l E s os f C r o e e r ef t n u h s t t n e h i a m c d h r e r n gT t a e u a e s p oy t S x rr e E h a R tt l n l a d u a r il t n e ao n pV e e s m s G e dd n e t t n r i n on n r r o d u aa i o i a p o p i n t ti nc ttd a i l y ct oi e p rai d s ar ucid D u ora l n e i o rut e h S pe a e r ct t rcM d c ppl n p u na st u n r csuOa o x t ad nsry a a i eS i i E i nn I nt r ee mc t c t d i a I sa n sc eil nn a - n fM m nn o ei d vaaa c e rmIi i R v arnl n u s p ss
' er r t r ceoPi d e x ee Tene c d esASi F E i E dd Tot u eS e tl r uu r i e r z ilt uat l a l l l arsV t i crant cn a i a cc l en s niareiie t l t nx umeU n al redt sd o i o I E gmtS I gbb nusyu T x T euxC ruiet nht u RSEN CPLGSIPS A ) )
1 2 ( (
8 0 6 1 9 5 2 1 6 1 9 1 5 3 4 = 2, 7, 6, 3, = 8 5, 5, 1
, 6, 8, 4, 7, 6, 9, 0, 1
, =
8 1 9 7 2 5 9 4 6 9 2 8 7 6 9 1 = 9 2 9 9 6 4 3 6 4 1 6 6 4 7 4 0 = 1 1 5, 4, 2, 2, 5 4, 4, 1 6 6, 6, 6 5 5, == 2 7 2 8 7 7 2 2 1 2 6 = 4 =
=
S E 6 3 8 9 8 0 3 8 =
=
0 R 4 1 5 5 9 5 6 5 9 9 6 8 1 5 6 0 0 8 6 3 7 =
=
U 7 8, 3, 6, 4, 3, 9 7, 6, 9, 6, 2, 5, 8, 1 3
=
T I 8 9 4 1 1 8 5 4 5 4 0 9 5 5 3 6 3 1 4 7 1 7 3 8 5 2 1 0 1 2 = 6 = D 1 1 3 4 1
, 4, 5 7, 8, 0, 7 5 3, 4 0, 7,==
2 2 6 6 2 2 3 4 = N 8 7 1 4 =
=
E P $ $ X E = 3 8 3 2 4 2 6 9 1 2 4 = E 7 2 0 1 8 5 6 9 9 1 7 9 1 9 4 0 7 9 6 = S I 6 5, 3, 9, 5 9, 6, 9, 8, 8, 4, 9, 1
. 9, 5, 7, ==
6 3 5 4 8 1 5 3 1 1 9 8 8 2 = R8 8 1 9 6 3 1 2 9 6 3 8 9 5 6 2 9 4 0 = P8 9 1 2, 2, 9, 3, 5 0, 4, 8, 6 6, 0, 3 6, == R1 2 8 1 8 6 6 1 2 1 0 = 4 = E - = T48 $ $ . N9 1 d e E , c 0 = u 6 6 5 7 = d Y3 1 8 8 5 2 6 0 1 7 1 7 4 0 6 4 7 2 4 7 1 8 7 9 = e e 8 Rn Au 5 5, 1
, 4, 0, 5, 9
8, 9 3 4 9, 5 1 7
, 4, 7
7, 0 4 0 4, 0 1 4 =
,=
= r y
8 6 2 8 1 3 = l I J 9 5 2 4 7 4 5 7 0 4 3 7 1 8 Ld e I 1 1 1
, 6, 4, 4 1
, 5, 7, 7 3, 9 3 7, == t n
2 7 6 5 7 1 2 6 = a Xd n 1 3 = c UE = i f As r $ $ i n g F ae i OYe 1 9 4 8 4 0 1 4 5 2 6 4 6 4 3 5 0 1 =
=
=
s e 9 2 7 7 1 0 9 4 2 1 Tv i 5, 9, 0, 3, 4, 4, 0, 2, 6, 5 3, 4, 6, 7, =
=
r e NF 4 8 7 2 5 0 9 9 1 0 8 0 5 6 6 3 = w - E eh Mt r 9 1 4 7 5, 5 0, 0 5, 5 5, 2 4 6 7, 0 6, 2 1, 3 7 6 9, 3 9 9 3 8 = 6, =
=
s e s 2 6 1 6 4 5 1 1 2 = E oF 3 = a
= h T c A $ $ r u
T p S t n _ E e m V I s i p T e r u q A n t u e R r s o i , A n o t e s e i c i t d n 8 8 P y r i t n e i c t e t a e p 9 1 M i a a r C v r l h s r o E x r O l i t s t n S e t A i c p s m s n y a e C x u i n d e d s s e e s h p n a u e i o r a y A i u o e m c t e s a r s t i l a m t o c e i a r e r T i a l c d S F i t v i o r G l c i A v s r g t o d o i x s _ y y r y e e s t y n C n u i _ y t t e S S l k S t a u A f _ r i i S l o y i s m a s s g y o o l r s g d m l n _ i r r h n r c B a e r n l o a I _ l e e t i d r r m e i o c t _ i v v l s n e U t a v k n y e o _ x i i a u u t S n e i r l T ) _ u n n e o a n C e r n a e e 1 _ A U U H H L I N c C U P R T (
P u O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 l ad e 0, 0, 0, 0, 0, 0, ', 0, 0, 0, 0, 0, 0, 0, pet 3 6 6 5 0 0 5 0 5 5 0 0 5 5 i ra 4 7 6 1 4 8 7 6 5 0 6 4 9 5 ct D 1, 6 3 8 ? 4 2 nt 11, , 0, 3, 7, 1 5, i eo 1 1 6 1 1 9 rR T P
$ s $ $
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 l l a 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, ap 4 6 4 1 0 5 0 0 2 0 2 0 ni 0 0 0 2 0 6 7 6 0 2 1 4 2 0 0 0 0 4 0 4 i c gn 8, 0, 7, 3, 2, 2, 5 7, 5, 8, 0, 0, 0, 8, 1, 9, i i 1 2 1 1 2 3 5 2 1 3 8 3 1 3 8 rr 2 3 OP S % 0 0 5 0 5 0 0
% 1 % % 5 % 1 0 0 0 0 Ds s 8 t s:
5 7 0 0 2 1 0 5 2 6 0 0 0 0 0 0 0 0 7 5 2 0 0 0 0 0 0 0 0 Ne8n 9 e r w 2 3 3 3 3 3 8 0 8 7 7 0 Ud 5 8 1 1 1 e e / / / / / / / / t t 0 0 0 0 0 0 0 0 F e0, t n a IR 0 0 0 0 5 0 0 0 5 0 0 4 2 9 0 E b3 4 ee 7 8 6 6 5 4 5 9 Cd Inu I n Vf J Rodt e 6 8 1 1 4 6 9 3 7 8 7 8 9 2 E nd 9 9 0 0 0 0 0 0 0 0 0 9 8 1 S en 9 9 0 0 0 0 0 0 0 0 0 9 9 0 d 2 2 2 2 2 mE 2 2 1 ey 1 2 2 1 1 2 Tt e ra l t ui d r r e r e r e r e r e r e r e r e r e r e y r Bta eY eu b m b m b m b m b m b m b m b m b m b m r a b e ES h t ca t e t e t e t e t e t e t e t e t e t e u r m e l i D SM p e p e p e p e p e p e p e p e p e p e b e v o y a r p S S S S S S S S S S F N M A A s e i r e S 4 s 6 d 9 n 0 1 o 8
) B 9 s f 1 n o e 8 o u 6 f
)g )y i s n 9 o n
)
x t d e 1
)
y r )g a n v s
- i o e v o e f d 4 r s t l n o B R o n 6 o u )y i p i n o 9 t ) o m m s ) e m e s s B 1 i e H r r o u l R e e d d e m g o o C o n e a y
) l t F n l f r t D H l a y s o o u b o o l t i y l H t y t B B n a D l i m n r y a i S n e y s i n r a o t H a n e e e v a d w V r o v t i g r g d u u e P n a e D i i r h u e n u n n R o g g ; l m o t a t i t e e s B a n , e l r r u t a s S v v m d r i e u o o o a r u e e e n m B K r. L S D S S W F o m R R t o e ( ( ( ( ( ( ( ( ( ( H e s B t t r m y E: s l s e e S l L y A B C E F G H J K a y
_ B S I t t a t S n s l t _ A s s s s s s s s s s o e y l o Y g e e e e _ e e e e e e T m C S a T A n i i i i i i i i i i u H P i r r r r r r r r r r i t g _ s e e e e e e e e e s n n g _ S u S S S S S 5' S S S S a e i n o D n d k i _ N H O m y u r n B t a i G S P D
P u o ..=
=
=
0 3 0 3 1 4 4 = 1 1 0 2 8 0 0 = 3, = 5 l ad e 7 9 0 6, 6 3
=
pet 4 9 5 9 3 3 8 = ira 3 4 7 5 0 6 1 = 4 = ciD nt
.1 1 1 4 0, 0=
ieo 1 1 2 3 3 = rRT ' 1 = P =
=
=
~
.=
0 0 0 0 2 2 2 = 0 0 0 0 5 5 5 =
.l 0 5 5 =
l a 0, 0 0, 5, = ap 8 5 0 3 2 5 7 = ni 3 2 0 6 5 1 5 = i c 6 4 5 5, 0 6, gn 5. == ii 2 1 4 3 7 6 = rr - 4 =
=
~
oP =
- =
S % 0 5 3 e Ds t s) e 0 9 6 l Ns8 e8 n9 es r( l b a 5 7
/
b a Ud F e0, 1 ee tt na i r a 0 4 i r a
.V T v t
b3 I. R . Eee CdInu I n = Vf J 1 89983 20584 2 8 = Rod t e 0 9 4 9 7 9 9 8 1 s 5 9,2,1,1 2 4 = 2, == End . 9 9 9 9 t o 328095 9 = 3 = Sen mE d ey l t 1 1 1 1 T 31 6939 0 1,6,5,6,4 5, == Ttera 221 1 1 4 3 = ui 2 3= d r - BtaeY eu t s l $ $ =. ES ht ca SM l i r u i g r D A p A u A p 1 =
=
9660 l 6252 7 = as t e 3,9,7 8, 8, =
=
is 531 7 8 = pa 94 82 4 = ae CL 521 0, == 1 =
=
s $ $
.=
d n u s f
=
e 22398 1 7 = s t a n 58064 2 7 =
=
e a e 19 5,3 1,2, 3, L l sl = p eb 64 5709 3 = l t a 694 576 0 = a e oy 373338 1 = t h N a = i t P 3 = p = a n $ $ =
=
C o - d n a e S D N U F t s n e 000000 0 =
=
- e m 000000 0 = s n l b l b E C e r sl e 0,0 0,0,0 0, 0, =
=
o n a a I i db 24 1 596 7 = _ i a y y V u na 774 062 8 =
=
t a L o P a P a R E q e oy B a 0,0 1,2,2,6, 3, = S r P 3 9 = v o y s s 1 11112 2 =
=
_ n t e e T t $ e n i t t B n e R a l o o E 901 23. t m i c N : N D m
- s y 89999e b d I a 9 7' 999t e E y a l E l L D a S a A p L
B l o l l a F t o A E t o T O l : 1 1- 1 8901 2 e 1 af
- - l A C h a Y - H c T L T T ae 88999 r t
A r pr 99999 e l o h i a 11111T P h h a L T a t e A c S d r s T nt E r o e I P ib re T E N R O A Pd N C O CO
STATE APPROPRIATIONS FOR CAPITAL IMPROVEMENTS Fiscal Years 1986-87 Through 1968-89 1986-87 1987-88 1988-89 Natural Resources Research Center $ 8,170,000 $ 0 $ 0 School of Textiles, New Facility 25.300,000 3,000,000 .3,000,000 Hountain Horticultural Crops Station 276,750 140,000 Swine Research Facility 932,500 250,000 Anima 1' Science Teaching Facility 200,000 Primary Electrical Distribution System Repair 247,500
-Roof Restorations - Various Buildings 203,200 (1)
Steam Condensate Line Replacement and Steam System Repairs 277,200 Air Conditioning Repairs- 495.500 283,000 (1) Carmichael Gym Roof Replacement '309,300 Handicapped Barrier Removal' 22,700 Chinqua-Penn Plantation Repairs and Renovations 1,835,000 Robertson Pulp and Paper Lab Expansion 300,000 4,402,000 Addition /Remodel Scott Hall 400,000 Advanced Planning Engineering Research center 640,000 8,863,500 Aquaculture Facilities 393,000 (1) Yarborough Heating Plant Repairs 95,000 (1) Planning Funds - Centennial Campus 710,000 Centennial Campus Utility Infrastructure 1,000,000 Remedial Inventory / Feasibility Study of Super Fund Data (Lot 86) - Carter Finley 525,000 Agricultural Programa - Mitchell 4-H Camp - Repairs and Renovation: 272,500 Agricultural Programs - Swannanoa 4-H Camp - Land Purchase and Developn ent 27,500 Conditional Appropriation Requiring Matching Funds for Centennial Campus Center 1,500,000 Totals $ 38,166,450 $ 10,006,200 $ 15,898.500
- = ::::::::::= :::::::::::
(1) 1987-88 restated from prior year's report to reflect additional appropriations allocated after the Financial Report was published. 31
r----
]
CAPITAL ASSETS Statement of Changes in Plant investment Year Ended June 30,1988 Book Value Retirements / Book Value July 1,1987 Additions Transfers June 30, 1988 BUILDINGS t Administrative Services Center 8 1,493,129 % 1,362 $ $ 1,494,491 Agriculture & Life Sci. Res. Annex 74,645 74,645 1 Alumni Building 35,000 35,000 l 1 Animal Forage Complex 164,323 164,323 l Animal Science Teaching Facilities 21,952 111 22,063 Applied Energy Lab 50,000 50,000 , Aquaculture Facilities- Aurora, N.C. 0 2,599 2.599 l 4rmory Shops 74,843 74,843 Atmospheric Science Res Facility 115,873 115.373 Biology Field Laboratory 31,500 31,500 Biltmore Hall 1,588,929 1,588,929 Brooks Hall 1,246,139 23,389 1,269,528 { Broughton Hall and Diesel Lab. 1,436,457 10,777 1,447,234 i Bull Testing Facility 145,440 145,440 Bureau of Hines 289,996 289,996 Burlington Engineering Labs 1,708,126 50,044 1,758,170 Butner Agr. Program Cattle Res. 1,460,555 1,675,615 3,136,170 Carmichael Gymnasium 12,885,929 269,529 95.497 13.059,961 Carter-Finley Stadium 3,561,741 221,632 3,783,373 Case Athletic Center 581,033 581,033 Cates Ave. New Central Heat. Plant 1,033,837 335,326 1,369,163 Centrh1 Stores 294,166 294,166 Chancellor's Residence 160,229 160,229 Chinaus-Penn Plantation 554,935 780,634 1,335,569 Clark Infirmary 548,943 5,557 554,500 Cox Hall 1,224,093 88,799 1,312,892 Cultural Center 105,000 105,000 Dabney Hall 2,333,522 2,333,522 Daniels Hall 2,6f9,867 877,652 3,t97,519 David Clark Labs 270,708 270,708
Dearstyne Avian Health Center 379,
041 379,041 Design School Addition 2,129.995 2,129,995 D H. Hill Library 9,365,019 4.136,616 13,501,635 Dining Hall 2,961.523 2,961,523 Dormitories: Alexander 208,451 208,451 Bagwell 198,780 137,687 336,467 Becton 223,780 137,687 361,467 Berry 128.313 17,933 146,246 Boney 71,561 71,561 Bowen 1,099,287 1,099,287 Bragaw 1,726,406 30,238 1,756,644 Carroll 1,222,648 1.222,848 Cold 121,296 121,296 Lee 2,321,234 2,321,234 Metcalf 1,460,889 1,460,889 North Hall 3,181,268 25,826 3.207,094 Owen 580.715 580,715 South Hall 5,057,632 5,057,632 Sullivan 2,256,057 82,875 2,338,932 Syme 233,844 127,265 361,109 Tucker 577,130 577,130 Turlington 208,451 208,451 2 Watauga Hall 2,475,925 8,579 2,484,504 ! Welch 121,296 121,296 Dorthea Dix Property Development 250,000 250,000 Farm Laildings 558,405 558,405 Farm Maintenance Shop 53,057 53,057 Farm Residences (6) 40,027 40,027 Farm Shops 5,310 5,310 Farm Superintendent Dwelling 6,000 6,000 Feed & Machinery Shed 10,000 10,000 Fertilizer Mixing House 8,695 8,695 Fincastle Apartments 96,741 96,741 Finley Field House 311,408 311,408 Foreman's Besidence (Research Sta.) 7,994 7,994 Forest Resources Research Unit 123,885 123,885 Fraternity / Sorority Housing 2,260,142 993.571 3,253,713 Gardner Hall 4,642,624 61,858 4,704,482 32 u
=
CAPITAL ASSETS Statement of Changes in Plant Investment Year Ended June 30,1988 Book Value 2etirements/ Book Value Jul y 1,1987 Additions Transfers June 30, 1988 BUILDING 3: General Academic Bldg. $ 229,282 $ $ $ 229,282 Grain Storage & Feed Mixing Shed 12,000 12,000 Greenhouses: Diological Sciences & Headhouse 606.938 606,938 Entomology & Plant Pathology 14,000 14,000
- lort. Greenhouse & Headhouse 591.055 591,055 Method Road Complex House #1 520,496 520,496 House #2 459,274 459,274 House #3 629,390 629,390 llouse #4 4,221,239 4,221.239 Physical Plant Greenhouse 8,500 8,500 Grinnells Animal Health Lab 1,035,684 1,035,684 Harrelson Hall 2,447,201 2,447,201 Harris Hall 795,805 795,805 l iterdsman Residence 47,148 47,148 Hill Forest Camp Facility 367,698 367,698 Hillsborough Building 1,201,927 1,201,927 Hodges Wood Products Lab 297.372 297,372 Holladay Hall 378,463 473,663 852,126 Horticulture Dwelling 6,000 6,000 Kilgore Hall 684,560 684,560 King village 2,357,008 158,486 2,515.494 Laborer's Dwelling 5,490 5,490 Laundry 59,592 59.592 Leazar Ha'l 1,170,068 1,170,068 Link Duilding 5,105.387 5,105,387 Mann Hall 936,594 936,594 McKimmor, Center 5,804.517 5,804,517 Minerals Research La> 207,493 207,4?3 Mobile Equip. Stora;.e Fao'.lity 79,500 79,500 Morris Building 50,000 50,0n0 Motor Pool Facility 56,169 56,169 Natural Resources "esearch Ctr. 2,409.198 5.953,733 8,362,931 NCSU Dookstores 490,830 71,101 564,931 Nelson Building 1,374,774 3,988 1,378.762 Page hall 1,014,138 1,093,040 2,107,178 Park Shops 762,757 882.405 1,645,162 Parking Deck (Coliseum) 1,827,238 38,446 1,865,684 Parking Deck (Dan Allen Dr..) 0 407,213 407,213 Patterson Hall 707,027 707,027 Peele Hall 317,282 317,282 Pnysical Plant Grounds Building 69,000 69,000 Physical Plant Reclamation Ctr. 72,000 72,000 Phytotror 2,162,246 2,162,246 Poe Hall 3 e98,468 13,742 3,912,210 Polk Hall 1,666,545 3,377 1,669,922 Poultry Facilities 174,366 174,366 Power Plant 732,126 732,126 Price Music Center 570,767 570,767 Primrose Hall 33,371 33,371 Pulp and Paper- Pilot Plant Office 171,791 171,791 0 Quad Snack Dar 66,000 66,000 Repro, Phys. Lab (Blue Ridge Rd) 160,842 160,842 Research Fac. (Centennial Campus) 1,088,112 2.569,999 3,658,111 i Residences Dixie Trail, South 135,125 135,125 0 Friendly Drive 63,375 63,375 0 i Rosemary Street 109,582 109,582 I Vanderbilt 38,000 38,000 heynolds Coliseum 2,671,286 2.671,286 l Ricks Hall 867,829 867,829 Riddick Engineertog Laba 1,532,821 43,494 1,576,315 Riddick Fiela House 25,000 25,000 Piddick Stad1;m - West 35,000 35,000 Robertson Pulp & Paper Lab 0 348,554 348,554 i Schaub Food Science Building 2,225,238 2,225,238 )
f,cott Hall 616,183 616,183 53,905 l Sensory Physiology Lab (Mycotoxin) 53,905 j 33 a I 1 1
l . [ . CAPITAL ASSETS Statement of Changes in Plant investment Year Ended June 30,1988 Book Value Retirements / Book Value July 1, 1987 Additions Transfers June 30, 1988 BUILDINGS: 199,000 $ $ $ 199,000 ! Sheep Facilities $ 114,776 114,776 Small Animal Research Lab 94,344 Eoler House 94,344 147,000 147,000 Soybean Facility Lab 1,269,770 Student Services Center 972,947 296,823 Swine Evaluation Building 26,046 26.046 271,131 512,966 784,097 Swine Facilities 2,259,458 Textiles Sch. (Centennial Campus) 562,021 1.697,437 Thompson Theater 534,547 65,238 599.7d5 551,351 551,351 Tompkins Hall 111,632 Turf Grass Research Leb 111.632 358,979 358,979 Turkey Research Facilities 27,000 Turner House - 110 Brooks Ave. 27,000 290,252 290,252 University Annex 654,533 654,533 University Graphics University Research Stations: 464,492 Central Crops (Claytor) 416,251 48,241 142,880 142,880 Castle Hayne Giorticulture Crops 95,827 Lower Coast, Pla. Tob. (Kinston) 95,827 Mountain Hort. Crops (Fletcher) 3,042,207 237,625 3.279,832 Sendhills (Jackson Springs) 210.510 210.510 74 301,312 Upper Piedmont (Reidsville) 301.238 University Research Units: 712,094
#1 4616 Reedy Creek Road 717,594 5,500 3,210.502 47.150 3,163.352 i
#2 3720 Lake Whee wr Road '
#3 Blue Ridge Ro e 90.895 90.895
#4 4301 peryl Raad 184,602 184.602 59,600 59,600
#5 Western Boulevard 5,200
#6 Varsity Drive 80,454 75.254 490.351 490,351
#7 Randleigh Farm 4,021,423 52,555 4,073,978 University Student Center 7,559 Utility Building (Castle Hayne) 7,559 28,725,568 Veterinary Hedicine. School of 28.713,939 11,629 1,362.530 1.362,530 Weaver Lab l Weed Control Lab 65,496 3.988 69.484 Weisiger- Brown Athletics (CAF) 2.833,182 2.833,182 8.304,169 47,467 8,351,636 Williams Hall 2,670,972 Winston Hall 1,143.728 1,527,244 716,868 716,868 Withers Hall 39,540 Yarborough Drive Heating Plant 36,107 3,433 175,000 175,000 1911 Building 244,621 244,621 3709 Hillsborough St.
4-H Camps 135,000 Betsy-Jeff Penn 135,000 Kellogg 21,950 21.950 141,878 Millstone 141.878 110,990 110,990 Schaub 148,590 Swannanoa 148,590 Projects in Progress at 6/30/88 will be castributed to appropriate 240,065 (92,866) 147,199 facility in subsequent year. 203,705,576 $ 26,579,256 523,638 229,761,194 lotal Buildings $ l
$ 3,331,239 4 367,652 $ $ 3,698,891 Land 14,604,750 Non-Structural Improvements 13,797,086 807,664 2,151,798 187.597 2,339,395 Landscaping And Access Ways 153,633.223 136,831,934 19,266,206 2,464.917 Equipmert 218,175 39,211,106 Library Dooks 36.520,941 2,908,340 95,874 95,874 Other Capital Outlay 50,116,715 $ 3,206,730 $ 443,344,433 TOTAL PL8MT INVESTMENT $ 396.434.448 $
- s:::::::::::s ::::::::::: ::::::::::::::
l l l i
k+ North CarolinaUtateUniversity .. 6.o g School of Engineering Department of Nuclear Engineering Nuclear lleactor Program flox 7909 Zip 27695-7909 (919) 737 2321 April 17,1989 Nuclear Regulatory Commitsion Document Control Desk Attn: Al Adams, Jr., Project Manager, Standardization and Non-Power Reactor Project Directorate Washington, D.C. 20555 Re: PULSTAR License R-120 Docket #50297
Dear Al:
Enclosed is the North Carolina State University 1987-1988 Financial Report you requested. If you have any questions, give me a call. Sincerely, GYf 4 Garry D. Miller Associate Director GM/vg Enclosure North Carolina State University is a land-grant university and a constituent institutic.. of The University of North Carolina. _ _ _ _ _ _ _ _ . _ _ _ _ _ . . _ . _ _ _ _ _ _ _ _ _ _ _ _ _ __. _ _ __ __J}}