| |
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| June 30, 1997 and 1996 ($ in thousands) | ||||||||||
| 1997 | 1996 | |||||||||
| Assets: | ||||||||||
| Cash and cash equivalents | $ 79,758 | $ 126,308 | ||||||||
| Accounts receivable, net | 88,337 | 94,132 | ||||||||
| Investment income receivable | 13,252 | 16,252 | ||||||||
| Contributions receivable, net | 111,084 | 99,172 | ||||||||
| Student notes and interest receivable, net | 88,229 | 86,620 | ||||||||
| Investments, at market value | 6,004,014 | 5,049,733 | ||||||||
| Other assets | 54,723 | 36,041 | ||||||||
| Land, buildings and equipment, net of accumulated depreciation | 923,482 | 819,649 | ||||||||
| Total assets | $7,362,879 | $6,327,907 | ||||||||
| Liabilities: | ||||||||||
| Accounts payable and accrued liabilities | $ 115,606 | $ 106,329 | ||||||||
| Advances under grants and contracts and other deposits | 44,270 | 35,437 | ||||||||
| Accrued employee benefit liabilities | 33,244 | 43,733 | ||||||||
| Liabilities under split-interest agreements | 59,842 | 46,017 | ||||||||
| Bonds and notes payable | 574,722 | 499,395 | ||||||||
| Advances from Federal government for student loans | 29,602 | 28,664 | ||||||||
| Total liabilities | 857,286 | 759,575 | ||||||||
| Net assets: | ||||||||||
| Unrestricted | 3,731,096 | 3,214,151 | ||||||||
| Temporarily restricted | 1,833,863 | 1,460,897 | ||||||||
| Permanently restricted | 940,634 | 893,284 | ||||||||
| Total net assets | 6,505,593 | 5,568,332 | ||||||||
| Total liabilities and net assets | $7,362,879 | $6,327,907 | ||||||||
| Detail of net assets: | ||||||||||
| Temporarily | Permanently | |||||||||
| Unrestricted | Restricted | Restricted | 1997 | 1996 | ||||||
| Endowment and student loan | $1,921,650 | $1,493,245 | $940,634 | $4,355,529 | $3,707,126 | |||||
| Funds functioning as endowment | 1,346,656 | 75,052 | - | 1,421,708 | 1,173,778 | |||||
| Physical capital investment | 378,556 | 141,377 | - | 519,933 | 491,479 | |||||
| Operating: | ||||||||||
| Accumulated general budget deficit | (71,620) | - | - | (71,620) | (67,823) | |||||
| Designated and restricted for specific purposes | 155,854 | 124,189 | - | 280,043 | 263,772 | |||||
| $3,731,096 | $1,833,863 | $940,634 | $6,505,593 | $5,568,332 | ||||||
| The accompanying notes are an integral part of the financial statements. | ||||||||||