FY 2005 - University of Missouri System

N otes to Combined Financial StatementsF o r t h e y e a r s e n d e d J u n e 3 0 , 2 0 0 5 a n d 2 0 0 4The estimated cost to complete construction in progress at June 30, 2005, is $460,667,000 of which $168,321,000is available from unrestricted net assets. The remaining costs are expected to be funded from $27,235,000 of Stateappropriations, $69,898,000 of gifts, $10,991,000 of grants, and $184,222,000 of bond proceeds.Capital assets include a building facility under a capital lease of $8,332,000 and related accumulated depreciation of$2,396,000 and $1,979,000 at June 30, 2005 and 2004, respectively.Discretely Presented Component Unit – Medical AllianceCapital Assets at June 30, 2005 and 2004 are summarized as follows (in thousands of dollars):8. ACCRUED LIABILITIESAccrued liabilities at June 30 2005 and 2004, are summarized as follows (in thousands of dollars):9. OTHER LIABILITIESOther liabilities at June 30, 2005 and 2004, are summarized as follows (in thousands of dollars):10. BONDS AND NOTES PAYABLEUniversity of Missouri2005 2004Land and Improvements $ 6,623 $ 6,519Buildings 77,229 76,644Movable Equipment 47,101 43,814Construction in Progress 14,591 2,765145,544 129,742Less Accumulated Depreciation 78,977 72,673Total Capital Assets, Net $ 66,567 $ 57,0692005 2004Accrued Salaries, Wages and Related Benefits $ 36,836 $ 34,541Accrued Vacation 33,806 31,120Accrued Self Insurance Claims 29,417 24,043Interest Payable 3,915 3,866$ 103,974 $ 93,5702005Beginningof Year Additions Payments2005End ofYearCurrentPortionAccrued Vacation $ 39,852 $ 34,559 $ (31,120) $ 43,291 $ 33,806Accrued Self-Insurance Claims 68,996 155,415 (146,221) 78,190 29,417$ 108,848 $ 189,974 $ (177,341) $ 121,481 $ 63,2232004Beginningof Year Additions Payments2004End ofYearCurrentPortionAccrued Vacation $ 40,032 $ 31,081 $ (31,261) $ 39,852 $ 31,120Accrued Self-Insurance Claims 58,275 137,746 (127,025) 68,996 24,043$ 98,307 $ 168,827 $ (158,286) $ 108,848 $ 55,163As of June 30, 2005 and 2004, $565,537,000 and $576,674,000, respectively, of bonds and notes were outstanding, netof unamortized premium/discount and loss on defeasance of $312,000 and ($171,000), respectively. These outstandingbonds are comprised of $400,025,000 and $408,295,000 in System Facilities Revenue Bonds and $165,200,000 and2 0 0 5 F i n a n c i a l R e p o r t : U n i v e r s i t y o f M i s s o u r ia c o m p o n e n t u n i t o f t h e S t a t e o f M i s s o u r i 37